Veterans United Realty
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202 OCEAN STREET, Cape May, NJ 08204

$4,950,000 Asking Price

13 beds
11 baths
Built in 1890

Don’t miss this opportunity to own a piece of Cape May history. Currently operated as the Captain Mey's Inn, this turn of the century Victorian home, circa 1890 was built by Dr. Walter Phillips. The corner location just steps to both the mall and beaches of Cape May make this the best location to enjoy all that the wonderful town has to offer. Make it your own as either a single family property or maintain the B&B license and continue it as your new creation. Painstakingly renovated and update while respecting its heritage and original character this 13 bedroom, 11 bath home boasts large scale rooms, elegant detailing and beautiful woodwork throughout. Step onto the front porch that wraps around onto tree lined Hughes Street. The 1st room upon entry is the Office Quarters (named for the Doctors visiting room). A large ornate hallway leads to the beautiful living room (parlor) and connects to the fabulous dining room. Down the hall is the highly desirable Captains Quarters with private bath and side entrance. Step into the hall bath and head back towards the spacious kitchen, laundry room with steps to the off street parking spot, and the utility room with steps to the private 40 x 100 parking lot. The 2nd level is home to 4 bedrooms with private baths and a 5th bedroom with a hall bath. The spacious hallway takes you to the 3rd floor lading with fire escape. The 3rd level is home to 2 large bedrooms with private baths that have whirlpool tubs. The owner’s quarters are in the lower level and offer a living room, kitchen, 4 bedrooms and 2 baths with an exterior and interior entrance. Amenities include a new roof, recently stained wood siding, numerous stained glass pieces that have been restored, oak and pine floors, new gas HWH, pecks plumbing, Shore’s security system and a State Fire Inspection. The parking lot owned as a separate parcel offers 8 parking spots and a picnic area. The brick sidewalk adds that last touch of beauty! Showings by appointment only due to a working business.


Listing Status:
Active
Date Added:
September 13, 2023 — 248 days ago
Listing Office:
Long & Foster Real Estate, Inc., Gail Wilsey-Morrison (609-602-0405)
Office Phone:
609-884-1007
MLS ID:
NJCM2002552

Features & Amenities

Interior

Basement:
Fully Finished
A/C:
Other
Heating:
Y, Baseboard - Hot Water, Natural Gas
Fireplace:
Fireplace, Fireplaces: 1
Disability Feature:
None

Exterior

General:
Above Grade,Below Grade
Style:
Victorian

Construction

General:
Frame, 3, Block

Location

Originating MLS:
BRIGHT_MAIN
School District:
LOWER CAPE MAY REGIONAL SCHOOLS
County:
CAPE MAY

Lot

Zoning:
R-S, 02-01049-00004
Current Use:
0

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
BRIGHT_MAIN, BRIGHT_MAIN

This listing courtesy of:
Long & Foster Real Estate, Inc., Gail Wilsey-Morrison

About Cape May, NJ

Housing

Number of Units
13,828
Median Home Value
$367,035
Median Rent
$1,065

21.01% of housing units are renter occupied.

46.80% are vacant.

Commute

Car
79.76%
Public Transportation
1.00%
Walk to Work
3.31%
Work from Home
12.75%
Other
1.13%

The median travel time to work is 18 minutes.

People

Population
16,253
Median Age
51.30
Median Household Size
2.49

Education

High School
31.48%
Associate’s Degree
8.37%
Bachelor’s Degree
22.75%
Graduate Degree
12.18%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

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