$489,900
$499,900
PRICE REDUCED
Active
Property Description
Welcome to 1011 Lafayette Street, Unit 302 — a beautifully updated penthouse condo offering an exceptional opportunity for year-round living, a personal Cape May retreat, or a proven investment rental. Set in the charming and historic Joseph Leach House, this top-floor 1-bedroom, 1-bath residence delivers the perfect blend of modern convenience and coastal charm. It easily lives like a two-bedroom, with a high-quality Murphy bed in the living room for additional sleeping space. Step inside to a bright and inviting living area filled with natural light, hardwood flooring, and a comfortable layout ideal for relaxing or hosting guests. The well-appointed kitchen features updated appliances, ample cabinetry, and a dedicated dining space — perfect for everyday living or entertaining. The serene bedroom offers generous storage and a peaceful place to unwind after a day at the beach. Enjoy the timeless charm of the shared Victorian front porch, where guests and residents have relaxed for more than 155 years. The property sits on a rare 120' x 198' lot— spacious by Cape May standards — providing a sense of openness and historic grandeur. Owners are permitted pets, and Cape May’s pet-friendly atmosphere makes it easy to enjoy the area with furry family members. From designated dog-friendly beach times and scenic walking paths to outdoor dining patios and welcoming local shops, this seaside town is wonderfully accommodating. Owners also enjoy access to convenient amenities including an outdoor shower, shared laundry facility, locked storage for beach gear, and a private outdoor shed perfect for safely storing bicycles. Prime location? Absolutely. You’re just a short walk or bike ride to Cape May’s renowned beaches, dining, shopping, and entertainment — plus easy access to the City’s free shuttle service. With designated off-street parking, getting around is always stress-free. Let's talk dining for a minute! From the exquisite Washington Inn to Oyster Bay, to Elaine's to name only a few nearby. You will enjoy the food, the atmosphere, the wine & cocktails and yes, even the entertainment. All within a few blocks of home. Whether you're searching for a cozy full-time residence, a relaxing getaway destination, or a profitable rental investment, Unit 302 offers a rare opportunity to enjoy the very best of Cape May living. UPDATE: New washer and dryer is on order and will be installed soon! Don’t miss your chance to make this coastal gem your own!
Property Details
MLS #253460
StatusUNDER CONTRACT CON/SHOW
Property TypeCondo
Stories1
Total Rooms302
Bedrooms1
Full Baths1
Living Area548 sqft
Year Built1870
Price / Sq Ft$894
Building/Condo Features
LocationIsland
Unit FeaturesHardwood Floors, Tile Floors
Common AreasPatio, Deck/Porch, Storage Facilities, Cable TV, Laundry Room
Financial Information
Annual Taxes$2, 112 (2024)
HOA Fee$990
Location
AreaCape May
CityCape May
Township02-Cape May City
CountyCape May County
StateNJ
Zip08204
Block60
Lot1061
Listing Information
MLS #253460
ListedNov 20, 2025
Days on Market107