1 Bed
1 Bath
490 SqFt
1 Bed
1 Bath
490 SqFt
Key Details
Property Type Single Family Home, Condo
Sub Type Unit/Flat/Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 490 sqft
Price per Sqft $790
Subdivision Mali Kai Condominium
MLS Listing ID NJCM2008384
Style Unit/Flat
Bedrooms 1
Full Baths 1
HOA Fees $295/mo
HOA Y/N Y
Abv Grd Liv Area 490
Year Built 1960
Annual Tax Amount $2,364
Tax Year 2025
Property Sub-Type Unit/Flat/Apartment
Source BRIGHT
Property Description
Welcome to Unit 507 at the desirable Mali Kai Condominiums, where spectacular ocean, boardwalk, and city views await! Located on the top floor of this elevator-serviced building, this beautifully updated condominium offers the perfect opportunity to own your very own piece of the Jersey Shore! With a proven rental history generating approximately $22,000 this season (with owner use), this property offers an exceptional opportunity to enjoy the Shore while benefiting from an established income-producing investment!
Step inside to discover a bright, inviting open-concept living space featuring beautiful wood-grain laminate flooring, a spacious living room with comfortable sectional seating with sleeper, and an abundance of custom built-in cabinetry providing exceptional storage. The beautifully updated kitchen features white shaker-style cabinetry, granite countertops, a stylish tile backsplash, stainless steel appliances, and a spacious center island with seating for four—perfect for casual dining. Tasteful coastal décor, neutral colors, and thoughtful updates throughout create a welcoming Shore retreat.
The generously sized bedroom offers a queen bed along with built-in triple bunk beds, providing flexible sleeping accommodations for family and guests. Additional highlights include a full bathroom, gas forced-air heating, and central air conditioning for year-round comfort.
But the real showstopper is the fifth-floor balcony! Relax with your morning coffee or evening cocktail while taking in the incredible views of the Atlantic Ocean, the iconic Wildwood Boardwalk, and the surrounding city skyline. During the summer season, enjoy a front-row seat to the spectacular Friday night fireworks!
Unlike many converted properties, the Mali Kai was originally constructed as a condominium building and offers an impressive collection of amenities, including a heated swimming pool, spacious sundeck, elevator, on-site laundry facilities, gas BBQ grills, off-street parking, and professional management. The association is also pet-friendly!
This condominium is being sold furnished, including appliances and electronics, with the exception of personal items, making it easy to begin enjoying your Shore getaway immediately. With an established rental history of approximately $22,000 this season (with owner use) and a turnkey furnished interior, this property presents an attractive opportunity for buyers seeking both personal enjoyment and rental income. The monthly condominium fee of $295 includes water, sewer, cable television, wifi, and exterior insurance. A current quarterly assessment of $300 is in place for exterior improvements and reserve funding.
Whether you're searching for your own vacation retreat, an income-producing investment, or a little bit of both, Unit 507 at the Mali Kai offers the perfect combination of location, amenities, established rental history, and those PRICELESS Shore views! Schedule your private showing today!
Location
State NJ
County Cape May
Area North Wildwood City (20507)
Zoning OS
Rooms
Main Level Bedrooms 1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Amenities Available None
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Private Pool Yes
Building
Story 5
Unit Features Mid-Rise 5 - 8 Floors
Above Ground Finished SqFt 490
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Level or Stories 5
Additional Building Above Grade
New Construction N
Schools
School District North Wildwood City Schools
Others
HOA Fee Include Cable TV,Common Area Maintenance,Ext Bldg Maint,Sewer,Trash,Water,Insurance
Senior Community No
Tax ID 07-00295-00011-C0101
Ownership Condominium
SqFt Source 490
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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