Cape May County, Lower Township, NJ 08251

A 2-bedroom, 1-bath, 968 sq ft single-family ranch (built 1968, 1 story, crawl space) eight houses from the Delaware Bay in the Cape May Beach section of Lower Township, one of the most sought-after pockets in the Villas. This is a beach town with full-time residents, second homes and short-term rentals, and proximity to the water drives value here. The immediate blocks have become a hotbed for luxury new construction. Two exit strategies, with the comps: 1. Full renovation within the footprint. ARV $575,000. Remodeled ranchers of this size, one to two blocks from the bay, have sold at: 118 Shadeland Ave: 956 sq ft, 3 bed / 2 bath, full remodel, sold $599,000 on 2026-03-27 411 Baywyn Rd: 1,024 sq ft, 3 bed / 2 bath, renovated, sold $715,000 on 2026-09-23 (two blocks from the subject) 413 Tahoe Dr: 1,260 sq ft, 3 bed / 1.5 bath, updated, sold $620,000 on 2026-09-25 118 Oakdale Ave: 904 sq ft, 3 bed / 1 bath, updated, sold $470,000 on 2026-09-18 The $575,000 ARV assumes the renovation delivers a second bath and a third bedroom within the existing footprint, which is what every comp above $599,000 has. 2. Tear down and build new. Resale $1,000,000+. The lot is 75 x 100 (7,500 sq ft, county record), and per the Deal Desk's check with the township it meets the requirements for new construction without a variance or zoning change. New and recent construction within a few blocks: 3903 Bay Dr: new construction, 2,350 sq ft, 4 bed / 3.5 bath, listed $1,100,000 (0.2 mi) 3901 Bay Dr: new construction, 3 bed / 2.5 bath, listed $999,999 (0.2 mi) 307 Oakdale Ave: 2025 build, 4 bed / 4 bath on a 5,001 sq ft lot, sold $999,999 on 2026-04-24 511 Forest Rd: 4 bed / 3 bath, sold $1,050,000 on 2026-07-02 (next street) 401 Fern Rd: 2,200 sq ft, 4 bed / 3.5 bath, sold $1,045,000 on 2025-10-24 (next street) A 600 sq ft cottage on the same 75 x 100 lot size on the next block (412 Mulberry Rd) traded at $310,000 in January 2026, which is what the dirt plus a teardown has been worth here. Condition. The subfloor is compromised, with several holes through to the crawlspace, so the owner did not enter the house; the interior photos were taken from the front door. Price the renovation as a full gut. Roof, heating and air-conditioning systems are not verified; buyer to inspect. Access. Vacant. Not on lockbox yet; the Deal Desk is obtaining a key from the owner this week. Showings by appointment. Ready to move on it? Text or call me to walk the property, get the photo set and the comp links, or submit an offer. To lock it up, send your entity name, signer, email and proof of funds by text and I will take it straight to the desk. Please let me know what else you need from our end! Spencer Bomstein [contact details hidden]