523 Lafayette Street, Cape May NJ - ACTIVE

For Sale: $900,000
MLS: 252459     Beds: 2     Baths: 1     Type: Condo     Taxes: $3,229     DOM: 20 Days

Welcome to 523 Lafayette Street, Unit 2. With an unbeatable location in the heart of Cape May, this charming 2-story condominium with a private rooftop deck and outdoor shower offers everything you could want in a beach retreat, year-round residence, or proven vacation rental. This condo features 2-bedrooms and 1 full bathroom, and off street parking for 2 cars. Just 3 blocks to some of the finest beaches on the East Coast and only steps from the Washington Street Mall, you’ll be surrounded by world-class dining, boutique shopping, and endless entertainment, including Cape May Stage. Rotary Park, home to free summer concerts and Cape May’s famous Christmas tree, is also just down the street. Unit #2 is located on the second and third floors of a classic Cape May Victorian building. Outdoor stairs lead to a welcoming entry foyer and gleaming hardwood floors that flow throughout. The main level includes the Primary bedroom, beautifully renovated bathroom, laundry area, sunny galley kitchen with quartz counters, and a bright living/dining area. The Upper level finds a spacious second bedroom with both queen and twin beds, plus your own private rooftop deck—the perfect spot for morning coffee, afternoon sun, or evening cocktails at sunset. Parking is never a concern here—this home comes with two off-street, reserved stacked parking spots so you’ll never have to “feed the meters.” Recent Upgrades include New sectional living room sofa, New queen and twin beds, Newer full HVAC system (furnace & compressor), Newer natural gas tankless water heater, Quartz countertops, Refinished hardwood floors, Fresh paint throughout (entire building repainted in 2022), Deck recently sealed. Investment Opportunity: This well-maintained Victorian holds just three units (one commercial, two residential) and unit 2 has a low annual condo fee of $2,000. A strong rental history: Averaging $50,000–$70,000 per year since 2018, Airbnb ranks this condo among the top-performing rentals in Cape May, averaging $799 per night in high season. Do not miss this opportunity to own a turn-key property in the heart of Cape May, with historic charm, modern updates, off street parking for two cars, and a rooftop deck all just steps from the beach and Washington Street Mall. Add this special property to your must-see list! Home is offered fully furnished, less artwork. Just bring your suitcase and enjoy Cape May! Property can be shown after 11 am on August 24 and August 31. Showings in September: 2-4; 7-10; 14-19; 21-26; 28-30.

PROPERTY FEATURES & AMENITIES

Living Room   Kitchen   Laundry/Utility Room   Range   Microwave Oven   Refrigerator   Washer   Dryer   Dishwasher   Disposal   Heat Fuel:Gas Natural   Heat Fuel:Forced Air   Water Heater:Gas   2 Car   Assigned Parking   Cooling:Central Air   City

PROPERTY MAP & AERIAL VIEW

Last Database Update: 09/11/2025 11:01:05

Request Property Information - 523 Lafayette Street, Cape May NJ 2 Bedroom(s)   |   1 Bathroom(s)   |    For Sale: $900,000   |   MLS Number: 252459   |   Property Type: Condo Provided by: The Craig Soens Team - www.craigsoens.com (Information Above Will Appear At The Top Of The Email That Is Sent To The Craig Soens Team)

Let THE CRAIG SOENS TEAM be your buyer's agent for this listing.LISTING IS PROVIDED BY Tim Kerr Sotheby's International Realty. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.