505 Baywood Drive

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505 Baywood Drive

North Cape May, NJ 08204
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel totaling 0.36 acres available for sale
  • Located in the coastal community of North Cape May
  • Positioned in a region with consistent demand for housing
  • Suitable site for single-family residential development projects
  • Provides a buildable footprint in a residential neighborhood

What's Special

North Cape May serves as a prominent coastal community within Cape May County, characterized by its steady residential appeal and proximity to the Delaware Bay. This 0.36-acre parcel of residential land sits at 505 Baywood Drive, offering a strategic footprint for new development in a region known for its seasonal tourism and permanent housing demand. The site occupies a manageable size suitable for a single-family residential project, providing investors or builders with a clear canvas in an established neighborhood setting. Developing this land takes advantage of the local market's sustained interest in coastal living and quiet suburban environments. The property placement allows for straightforward access to regional transit routes and local amenities throughout the southern New Jersey peninsula. Whether intended for a primary residence or a vacation-oriented development, the plot supports various residential configurations consistent with the existing character of the surrounding bay-side community.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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