Date
Details
Price
Change
Source
2/11/2025
Listed
$3,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Waterfront home at 38 Bay Avenue, Ocean City, NJ Discover the ultimate in-bayfront living with this stunning 2-unit property. Perfectly designed for comfort, luxury, and versatility, this 5-bedroom, 4-bath home is an ideal retreat for families, boaters, and investors alike. Two Units with Endless Potential. This multi-unit property offers flexibility for short-term or long-term rentals in one unit while enjoying owner-occupied living in the other. Upgraded kitchens in both units feature modern finishes, granite countertops, and stainless steel appliances; the second-level kitchen is brand new and ready for culinary creations. Both levels have a wide open space to enjoy family time. You can look out over the Great Egg Harbor Bay in the spacious family room with large windows. Generously sized bedrooms that provide comfort for family and guests, as well as ample room to relax and unwind. There are two large decks: Each level boasts a spacious deck overlooking the serene Great Egg Harbor Bay, perfect for enjoying coffee at sunrise or entertaining with breathtaking sunset views. The expansive shared dock area can accommodate a 50'+ boat, making this property a rare find for waterfront enthusiasts. The property extends past the dock, granting full water rights and ownership for ultimate privacy and enjoyment. Situated towards the Peninsula of Ocean City, this home combines tranquility with convenience, offering easy access to beaches, the boardwalk, shopping, and dining. Whether you're seeking an income-producing property, a personal oasis, or a mix of both, 38 Bay Ave delivers it all. Ocean City's competitive tax rates make this a wise investment for primary or rental property owners. Generate substantial income from vacation or long-term rentals, with strong demand for bayfront properties in this area. Whether you're looking for a personal retreat, a multi-generational home, or an income-producing property, 38 Bay Avenue is a rare find that delivers on every front. Most furniture is negotiable. Don't miss your chance to own this incredible waterfront property! Contact us today to schedule your private tour.
Full Property Details
Full Property Details for 38 Bay Ave
General
- Price: $3,950,000
- Taxes: $14,691 (2024)
- Status: Active
- Type: Duplex
- Source: BrightMLSPhilly
- MLS ID: NJCM2004670
- Updated: 2/12/2025
- Added to Site: 4 day(s) ago
Interior
- Number of Rooms: 14
- Interior Features: 2nd Kitchen, Ceiling Fan(s), Dining Area, Family Room Off Kitchen
- Appliances: Built-In Microwave, Dishwasher, Disposal, Oven/Range - Gas, Oven/Range - Electric, Refrigerator, Washer, Dryer
- Flooring: Carpet, Hardwood, Laminate Plank
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Type: Attached Garage, Driveway, On Street
- Garage Description: Garage - Front Entry
Location
- Area: Ocean City City (20508)
- Municipality: OCEAN CITY CITY
- County: Cape May
- Development Name: Bay Front
- Subdivision: Bay Front
- Cross Streets: 1st Street
- Driving Directions: Bay Ave to PIQ
School Information
- School District: Ocean City Schools
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Multi Units
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Coastal
- Architectural Style: Coastal
- Structure Type: Detached
- Construction: Frame
- Foundation: Block
- Roof: Shingle
- Stories/Levels: 0
- Square Feet: 3,409
- Sq. Ft. Source: Assessor
- Living Area: 3,409 Sq. Ft.
- Finished Above Grnd: 3,409 Sq. Ft.
- Year Built: 1988
- Year Built Source: Assessor
- Property Condition: Very Good
Unit Information
- 2 Bedroom Units: 1
- 3 Bedroom Units: 1
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,200
- Lot Size Source: Assessor
- Lot Dimensions: 40.00 x 105.00
- Zoning: R
Water Features
- Water Front: Yes
- Navigable Water: Yes
- Water Access: Yes
- Water Access Desc: Boat - Powered, Personal Watercraft (PWC), Private Access, Swimming Allowed, Waterski/Wakeboard, Fishing Allowed, Canoe/Kayak
- Water Front Type: Bay
- Water Front Name: Great Egg Harbor Bay
- Dock/Slip Conveys: Yes
- Docks: 1
Financial Considerations
- Price Per Sq. Ft.: $1,158.7
- Assessment Year: 2024
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $1,309,400
- Tax Amount: $14,691
- Tax Year: 2024
- Tax Total Finished Sq. Ft.: 3409
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Personal Property
- Inclusions: All Appliances in both units,
- Lot Number: 3
Listed by Keller Williams Realty - Washington Township, Christopher F Basile
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Listing agent
— 38 Bay Ave —
Christopher F Basile
Keller Williams Realty - Washington Township
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 38 Bay Ave
School District:Ocean City Schools
| Rating | Name | Grades | Distance |
|---|---|---|---|
|
550 West Ave, Ocean City, NJ 08226 | PK-3 | 0.5 mi | |
|
1801 Bay Ave, Ocean City, NJ 08226 | 4-8 | 1.9 mi | |
|
501 Atlantic Ave, Ocean City, NJ 08226 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 38 Bay Ave
Tax History
Tax History for 38 Bay Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$13,474
2%
$1,309,400
—
2021
$13,159
35%
$1,309,400
—
2021
$9,768
-22%
$1,309,400
—
2018
$12,544
2%
$1,309,400
—
2017
$12,348
4%
$1,309,400
—
2016
$11,876
1%
$1,309,400
—
2015
$11,719
-7%
$1,309,400
—
2019
$12,662
15%
$1,309,400
—
2013
$11,025
—
$1,309,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 38 Bay Ave
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38 Bay Avenue, Ocean City, NJ 08226 (MLS# NJCM2004670) is a Duplex property with 0 bedrooms and 0 full bathrooms. 38 Bay Avenue is currently listed for $3,950,000 and was received on February 11, 2025. Want to learn more about 38 Bay Avenue? Do you have questions about finding other Duplex real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.