807 E 8th St, Unit 409

Ocean City, NJ 08226

$170,000
Last Sold Price
Studio
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Your Beach Getaway Awaits—Prime Location & Proven Income! Welcome to 807 E 8th Street #409, your perfect slice of paradise in the heart of Ocean City! This charming, turnkey efficiency places you just steps away from Ocean City's pristine beaches and iconic boardwalk. Enjoy the ultimate convenience of being less than a block from sun-soaked shores and the vibrant shops, restaurants, and entertainment along bustling Asbury Avenue. Strong Rental History & Impressive Returns: This unit offers excellent...Your Beach Getaway Awaits—Prime Location & Proven Income! Welcome to 807 E 8th Street #409, your perfect slice of paradise in the heart of Ocean City! This charming, turnkey efficiency places you just steps away from Ocean City's pristine beaches and iconic boardwalk. Enjoy the ultimate convenience of being less than a block from sun-soaked shores and the vibrant shops, restaurants, and entertainment along bustling Asbury Avenue. Strong Rental History & Impressive Returns: This unit offers excellent income potential, having generated over $18,000 gross in 2024, with realistic projections to surpass $20,000 annually. Current bookings for 2025 already total approximately $5,800 as of March 31—typically just 25% of yearly reservations. Historically, the property experiences strong rental demand between April and June, accounting for approximately 41% of annual income, consistent occupancy during peak summer months (July–August, approximately 25%), and continued bookings through the quieter September–December season (approximately 9%). Annual operating expenses—including HOA fees, linens and rental service, cleaning, insurance, licensing, WiFi, Airbnb, and utilities—are approximately $9,500–$9,900. Enjoy the convenience of running a highly rated (4.9/5 star) Airbnb remotely by taking advantage of the hotel’s own laundry/linens, toiletry, and front desk services (just $1,100/year, charged per rental with no obligation to use) and an on-site, highly reputable cleaning service for seamless turnover between guests (also no obligation to use). Alternatively, owners choosing private enjoyment without rentals can anticipate very manageable carrying costs of around $5,000 per year. Don’t miss this opportunity to own a property that effortlessly blends leisure, lifestyle, and lucrative investment potential. Schedule your private showing today!
  1. Listed by Michael Maina III • BERGER REALTY-Main

Property Details for 807 East 8th Street, Unit 409

City/Community
Ocean City
Class
CONDOMINIUM
Parking - Exterior
None
Waterfront (Y/N)
No
LISTING UPDATED: 05/30/2025 08:27 AM

Property Details for 807 East 8th Street, Unit 409

StatusSold
MLS #595112
Days on Market19
Taxes$535 / year
HOA Fees$400
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCONDOMINIUM / Condo
Year Built1928
CountyCape May County

Building

Homestead

6 StoriesBuilt in 1928

Location

Listing Courtesy of BERGER REALTY-Main

Sold By BHHS FOX and ROACH-Simpson OC

Add your commute

Building Information for 807 East 8th Street, Unit 409

Building/ComplexHomesteadFloor4Stories6Residences-Pet Policy-Pet Policy Details-Year Built1928

Payment Calculator

$1,335 per month

30 year fixed, 6.845% Interest

Principal and Interest

$891

Property Taxes

$45

HOA Dues

$400

The Payment Calculator is for illustrative purposes only.

Property Information for 807 East 8th Street, Unit 409

Summary
Location and General Information
  • Address: 807 E 8th St
  • Address Direction: E
  • Address Number: 807
  • Address Search Number: 807
  • Address Street: 8th St
  • Area: Ocean City/Central
  • Condo Name: Homestead
  • County: Cape May
  • Directions: Over 9th st bridge make a left on Atlantic ave, right on 8th st, then the building is on the left.
  • Fips Code: 34009
  • Location: Beach Block, Boardwalk Area, Water View
  • State: NJ
  • Style: Converted Motel
  • Unit #: 409
  • Zip: 08226
Parking
  • Garage: None
Taxes and HOA Information
  • Assoc Fee Includes: Amenities, Insurance, Maintenance, Management, Sewer, Trash, Water, See Remarks, Other Utilities, Cable
  • LVT Date: 04-11-2025
  • Management: Association
  • Monthly Assoc Fees: $400
  • Tax Year: 2024
  • Taxes: 535
Property
Lot Information
  • Approved Short Sale?: N/A
  • Block #: 702
  • Lot #: 25
Property and Assessments
  • # of Levels in Unit: One
  • # of Stories in Bldg: Six to Ten
  • Age: 25+ Years
  • Also Includes: Furnished
  • Associated Document Count: 4
  • Common Area Features: Elevator, Laundromat On Site, Security
  • Doc Timestamp: 04-11-2025
  • New Construction: No
  • Total Assessment: 47700
  • Water: Public Water
  • Adult Community/55+: No
Utilities
  • Full Baths: 1
  • Sewer: Public Sewer
  • Water Heater: Electric
Interior and Exterior Features
Exterior Features
  • Siding/Exterior: Brick
Interior Features
  • Air Conditioning: Window Units
  • Appliances: Microwave, Refrigerator
  • Bedrooms: 0
  • Half Baths: 0
  • Heating: Baseboard, Electric
  • Rooms: 2
  • Unit Features: Elevator, Foyer, Handicap Features
Multi Family
Multi-Family Information
  • Limited Service (Y/N): No
Rental
Rental Information
  • Pets: No pets allowed

Property History for 807 East 8th Street, Unit 409

DateEvent & SourcePriceAppreciation
May 29, 2025

Closed

SJSRMLS #595112

$170,000
Apr 30, 2025

Pending

SJSRMLS #595112

Apr 11, 2025

Withdrawn

SJSRMLS #592003

$189,900
Apr 11, 2025

Listed (Active)

SJSRMLS #595112

$179,900
Jan 10, 2025

Listed (Active)

SJSRMLS #592003

$189,900
Oct 14, 2022

Closed

SJSRMLS #567323

$151,000
Oct 2, 2022

Pending

SJSRMLS #567323

Sep 21, 2022

Listed (Active)

SJSRMLS #567323

$159,900
Oct 14, 2021

Closed

SJSRMLS #554885

$119,000
Sep 6, 2021

Pending

SJSRMLS #554885

Aug 31, 2021

Listed (Active)

SJSRMLS #554885

$99,900
Jun 16, 2021

Closed

SJSRMLS #516801

$59,000
May 7, 2019

Closed (Public Record)

Public Record #644582329

$59,000

-5.4% / yr

May 7, 2019

Closed

CMCMLS #185832

$59,000
Apr 22, 2019

Pending

SJSRMLS #516801

Apr 19, 2019

Pending

CMCMLS #185832

Jan 27, 2019

Listed (Active)

SJSRMLS #516801

$59,900
Jan 26, 2019

Listed (Active)

CMCMLS #185832

$59,900
Nov 19, 2010

Expired

SJSRMLS #348906

$44,900
Sep 26, 2009

Listed (Active)

SJSRMLS #348906

$44,900
Apr 8, 2005

Closed (Public Record)

Public Record #595105037

$129,300
DateEvent & SourcePrice
05/29/2025

Closed

SJSRMLS #595112

$170,000
04/30/2025

Pending

SJSRMLS #595112

04/11/2025

Withdrawn

SJSRMLS #592003

$189,900
04/11/2025

Listed (Active)

SJSRMLS #595112

$179,900
01/10/2025

Listed (Active)

SJSRMLS #592003

$189,900
10/14/2022

Closed

SJSRMLS #567323

$151,000
10/02/2022

Pending

SJSRMLS #567323

09/21/2022

Listed (Active)

SJSRMLS #567323

$159,900
10/14/2021

Closed

SJSRMLS #554885

$119,000
09/06/2021

Pending

SJSRMLS #554885

08/31/2021

Listed (Active)

SJSRMLS #554885

$99,900
06/16/2021

Closed

SJSRMLS #516801

$59,000
05/07/2019

Closed (Public Record)

Public Record #644582329

$59,000

-5.4% / yr

05/07/2019

Closed

CMCMLS #185832

$59,000
04/22/2019

Pending

SJSRMLS #516801

04/19/2019

Pending

CMCMLS #185832

01/27/2019

Listed (Active)

SJSRMLS #516801

$59,900
01/26/2019

Listed (Active)

CMCMLS #185832

$59,900
11/19/2010

Expired

SJSRMLS #348906

$44,900
09/26/2009

Listed (Active)

SJSRMLS #348906

$44,900
04/08/2005

Closed (Public Record)

Public Record #595105037

$129,300

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 807 East 8th Street, Unit 409

Taxable ValueLand$9,700Additions$38,000Total$47,700
Tax Record2023$511 ($43 / month)
Home Facts
Beds0Total Finished SqFt218 SqFtAbove Grade Finished SqFt218 SqFtStories1Lot Size8,024 SqFtStyleCondominiumYear Built1928CountyCAPE MAYAPN08 00702-0000-00025-0000-C409

Schools near 807 East 8th Street, Unit 409

This home is within Ocean City School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Ocean City Primary School
PublicPK to 3

Ocean City Intermediate School
Public4 to 8

Ocean City High School
Public9 to 12

St. Augustine Regional School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BERGER REALTY-Main

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.