AT A GLANCE
The United States Coast Guard Training Center located in Cape May is the nation’s only Coast Guard Recruit Training Center. Cape May recruits visitors from all around the world for its designation as the top birding location on the East Coast, its gingerbread Victorian structures and rich history, too. Even the award-winning beaches are studded with so-called Cape May diamonds that wash down from the Delaware River.
The first of its kind in New Jersey, Ocean House is a luxury member-owned equity beach club. Owners will have access to all the benefits of owning a beachfront home while paying only a fraction of the price of whole ownership.
Amenities at Ocean House will include direct beach access and a three-tiered private swimming pool. The accommodations feature fireplaces and imported hand-pressed cotton linens. The homes have iPod docking stations and data port connections. The landscape and architecture are enviromentally freindly, with LEED certification. There is a health center, private member’s lounge and five-star dinning. Guests can also opt for a pre-stocked kitchen upon arrival.
Unlike timeshares, ownership at Ocean House is titled and deeded, and can be sold, willed or placed in trust. Additionally, there is almost no limit to how often owners can use their property. They will be able to occupy any residence available in their category, determined by the number of bedrooms. Friends and family are allowed to reserve more than one residence at the same time, depending on availability, and can invite guests to either join them during their stay or to visit on their own.
Prices at Ocean House are $270,000 for a two-bedroom and $342,000 for a three-bedroom home. Buyers who purchase before the end of this summer will receive up to $9,900 credit at closing as an added incentive.
For more information, call Charity McBride of Sotheby’s International Realty at 609.884.3332 or visit Oceanhousecapemay.com.
Location-11 Beach Ave., Cape May, NJ
Housing Type-Fractional condominiums
Number of Units-54
Percent Sold-Over 20%
Price Range-$270,000 to $342,000
Delivery Date-Summer 2010
Developer-Cape Coachman Realty LLC