$387,500
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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NJCM2008384
MLS
417 E 19th Ave Unit 507, North Wildwood
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Real Estate listings held by brokerage firms other than eXp Realty are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers.