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Welcome to Coconut Cove a Prime Investment Opportunity in Ocean City, NJ! Don't miss this turnkey 2-bedroom, 1-bath unit located directly across the street from the iconic Ocean City Boardwalk. Coconut Cove is a high-performing rental property with a history of generating over $50,000 in annual income the last 3 years and on course to do close to $60,000 this current year. This 1200 sq ft unit comes fully furnished with themed coastal Coconut décor and brand new luxury vinyl plank flooring throughout. Features include a bright and open living space, a private front deck/patio perfect for enjoying ocean breezes, sleeping for 5, two dedicated parking spaces"”a rare find this close to the beach and an outside shower. This well-maintained unit is ideally situated in one of the East Coast's most popular resort destinations, "America's Greatest Family Resort" Ocean City, NJ, offering easy access to guarded beaches, iconic restaurants & shopping. Also, please take note, the Coconut Cove's sister property, The Pineapple Pad, 1312 Ocean Ave. (MLS # 596521) is also for sale. Own both units together and double your rental income, enjoy built-in management systems, and give guests tenants the option to book side-by-side stays, perfect for family or group stays! It's a rare chance to to invest in a turn-key Ocean City duo that's already up and running. Whether you're looking for a strong investment or a personal getaway with excellent rental potential, Coconut Cove checks all the boxes.
Property Type(s):
Condo/Townhouse/Co-Op
| Last Updated | 6/24/2025 | Year Built | 2002 |
|---|---|---|---|
| Garage Spaces | 2.0 | County | Cape May |
Price History
| Prior to Jun 24, '25 | $925,000 |
|---|---|
| Jun 24, '25 - Today | $849,900 |
Additional Details
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Electric Cooktop, Microwave, Refrigerator, Washer |
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| INTERIOR | Kitchen Island |
| LOT | 0 |
| LOT DIMENSIONS | 50 x 135 |
| SEWER | Public Sewer |
| TAXES | 3828 |
| WATER | Public |
Location
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Listed with GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Properties marked with the Broker Reciprocity icon are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database.
Real estate listings held by brokerage firms other than Fox Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Information Deemed Reliable But Not Guaranteed. © 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
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