$300,000
$325,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
SOLD DATE : 05/07/2025
Key Details
Sold Price $300,000
Property Type Condo
Sub Type Condo
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 250604
Bedrooms 1
Full Baths 1
Condo Fees $4,700/ann
Year Built 1971
Annual Tax Amount $2,121
Tax Year 2024
Property Sub-Type Condo
Property Description
OCEANFRONT CONDO with POOL in Wildwood Crest at Madrid Condominiums! Wake up to breathtaking panoramic ocean views from this turnkey 1 bedroom, 1 bathroom unit. Fully furnished and move-in ready, this unit offers the perfect coastal retreat with resort style amenities, including a beachfront pool, grilling area, elevator, outdoor shower, onsite laundry facility, and an onsite restaurant! Enjoy the convenience of one assigned parking space and the ability to rent on your own! This well-maintained complex has seen several important upgrades within the last 5 years, including a new elevator, a new roof and structural enhancements including new support beams and railings. The complex is open from March to November, weather dependent. The monthly condo fee of $391 covers the costs of fire, liability and flood insurances, as well as water, sewer, electric, gas, common area utilities, and general routine maintenance. Sold fully furnished and turnkey for 2025, this condo is ready for the summer with many weeks already booked (buyer is required to honor all rentals) and rents in season July/August at $1,900/week with a total seasonal income of approximately $22,000. Don't miss out on this rare chance to own a piece of paradise at the shore - call today!
Location
State NJ
County Wildwood Crest
Area Wildwood Crest
Interior
Hot Water Gas
Building
Lot Description Beach Block, Beach Front, Corner, Island, Water Front, Water View
Story One
Sewer City
Water City
New Construction No
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Bought with LEES REAL ESTATE