PRICELESS OCEAN AND BOARDWALK VIEWS AT AN EXCEPTIONAL PRICE!
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!
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Listing Snapshot
Price
$387,500
Days On Site
28 Days
Bedrooms
1
Inside Area (SqFt)
490 sqft
Total Baths
1
Full Baths
1
Partial Baths
N/A
Lot Size
N/A
Year Built
1960
MLS Number
NJCM2008384
Status
Active
Property Tax
$2,364.82
HOA/Condo/Coop Fees
$295 monthly
Sq Ft Source
Estimated
Friends & Family
React
Invite
Recent Activity
2 weeks ago
Listing updated with changes from the MLS
2 weeks ago
Status changed to Active
4 weeks ago
Listing first seen on site
General Features
Levels
Three Or More
Parking
Off Street
Parking Spaces
1
Property Sub Type
Condominium
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
490
SqFt Total
490
Style
Unit/Flat
Water Source
Public
Zoning
OS
Interior Features
Appliances
Gas Water Heater
Cooling
Central AirElectric
Heating
Natural GasForced Air
Main Level Bedrooms
1
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Exterior Features
Construction Details
BlockConcreteStucco
Pool Features
Community
Community Features
Association Amenities
None
Association Fee
$295.0
Association Fee Frequency
Monthly
Community Features
Pool
MLS Area
North Wildwood City (20507)
School District
NORTH WILDWOOD CITY SCHOOLS
Schools
School District
NORTH WILDWOOD CITY SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Cabrera Coastal Real Estate, LLC