1318 Ocean Ave. Unit 1318
Ocean City, NJ 08226
- 2 beds
- 1 bath
- – sqft
- 2002 build
Welcome to Coconut Cove a Prime Investment Opportunity in Ocean City, NJ! Don’t miss this turnkey 2-bedroom, 1-bath unit located directly across the street from the iconic Ocean City Boardwalk. Coconut Cove is a high-performing rental property with a history of generating over $50,000 in annual income the last 3 years and on course to do over $70,000 this current year. This 1200 sq ft unit comes fully furnished with themed coastal Coconut décor and brand new luxury vinyl plank flooring throughout. Features include a bright and open living space, a private front deck/patio perfect for enjoying ocean breezes, sleeping for 5, two dedicated parking spaces—a rare find this close to the beach and an outside shower. This well-maintained unit is ideally situated in one of the East Coast’s most popular resort destinations, "America's Greates Family Resort" Ocean City, NJ, offering easy access to guarded beaches, iconic restaurants & shopping. Also, please take note, the Coconut Cove's sister property, The Pineapple Pad, 1312 Ocean Ave. (MLS # 596521) is also for sale. Own both units together and double your rental income, enjoy built i-in management systems, and give guests tenants the option to book side-by-side stays, perfect for family or group stays! It's a rare chance to to invest in a turn-key Ocean City duo that's already up and running. Whether you're looking for a strong investment or a personal getaway with excellent rental potential, Coconut Cove checks all the boxes.
Last checked:
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Last updated May 23, 2025
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MLS# 596578 —
The Building
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Age:21 to 25 Years
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Unit Location:first floor
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Siding/Exterior:stucco
Interior
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Unit Features:center kitchen island, pets allowed
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Living Room:main level
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Kitchen:main level
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Dining Room:main level
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Family Room:main level
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Utility Room:on main level
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Other Rooms:den/TV room, dining room, laundry/utility room
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Included:blinds, curtains, drapes
Location
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Latitude:39.27222
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Longitude:-74.580887
The Property
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Location:beach block, boardwalk area
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Block #:1302
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Lot #:13
Listing Agent
- Contact info:
- Office phone:
- (609) 399-2500
Beds
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Bedroom 1:main level
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Bedroom 2:main level
Baths
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Bath 1:on main level
Heating & Cooling
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Heating:forced air, natural gas
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Air Conditioning:ceiling fan(s), central
Utilities
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Water:public water
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Water Heater:gas
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Sewer:public sewer
Appliances
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Appliances:dryer, disposal, dishwasher, electric stove, microwave, refrigerator, self-cleaning oven, washer
The Community
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Adult Community/55+:No
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Common Area Features:deck/porch, outside shower
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Pets:yes
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Pets Allowed:One
Parking
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Parking Exterior:Two Car, Assigned, Parking Pad
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Garage:None
Monthly cost estimate
Asking price
$925,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,953
|
| Taxes | $319 |
| Insurance | $254 |
| Utilities | N/A |
| Total | $5,526/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/23/25
May 23, 2025
|
Listed / Active | SJSRMLS | $925,000 |
