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1312 Ocean Ave 1, Ocean City, NJ 08226

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For Sale

$925,000

2 beds • 1 baths • 1,138 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Condominium
    Property type

  • Newly Listed
    Time on Century 21

  • $812.83
    Price per square foot

  • 21-30 Years Old
    Age

Explore this Property

Introducing the "Pineapple Pad", a charming 2 bedroom, 1 bath condo ideally situated across the street from the iconic Ocean City Boardwalk and many of it's legendary shops such as Johnson's Popcorn, Bob's Grill and The Medevil Miniature Gold Course. This themed unit, adorned with delightful pineapple décor, offers a unique and inviting atmosphere for guests seeking a memorable beach getaway. The Pineapple Pad makes for a great investment, boasting a proven rental history, generating over $50,000 annually for the last 3 years and on course to go over $70,000 this year, making it a lucrative opportunity for investors. Guests are drawn to its prime location, just steps away from the boardwalk's vibrant attractions, sandy beaches, and oceanfront dining. The Pineapple Pad features over 1100 square feet of living space , a front deck/patio, perfect for enjoying ocean breezes and people-watching! Inside, the unit is thoughtfully designed with comfort and convenience in mind. The heart of the Pineapple Pad is the great room designed with coastal charm. A plush oversized sectional sofa with pineapple print pillows anchors the space that evokes a relaxing beachy vibe. The kitchen is fully equipped for preparing meals to celebrate any occasion. Additional amenities include a stacked washer/dryer, a new HVAC system, new Hot Water heater (both installed in 2024) and brand new luxury vinyl plank flooring, ensuring a hassle-free stay for guests. The property includes two assigned parking spaces, a valuable asset in the boardwalk area of America's Greatest Family Resort. With its tropical theme, excellent location, and strong rental income fully managed by an Ocean City based Property Management Company, the Pineapple Pad stands out as a premier investment property in Ocean City! Also, Please make note that the Pineapple Pad's sister property, the Coconut Cove, 1318 Ocean Ave., is also For Sale!(MLS# 596578) Own both units together and double your rental income, enjoy built-in management systems, and give guests the option to book side-by-side stays, perfect for familiy or group stays.It's a rare chance to invest in a turn-key Ocean City duo that's already up and running! Come check it out!
MLS# 596521

Courtesy Of Goldcoast Sotheby's International Realty

(609) 399-2500

Property Features

  • Age
    21-30 Years Old
  • Amenities
    Deck, Porch, Ceiling Fan
  • Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Washer
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Stucco
  • Heating System
    Forced Air
  • Rooms
    Den, Dining Room, Family Room, Kitchen

Map and Directions

Directions to 1312 Ocean Ave 1, Ocean City, NJ 08226

Home seller CENTURY 21 Alliance

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Alliance

(609) 399-5711
Learn More About Us

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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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