Looking for a Rehab project or looking for a beautiful piece of ground near the beach to build your dream home? It’s January and 50 degrees down the shore, not too bad. As long as the sun is shining and the wind’s not blowing too much, winter is not so bad down here.
So what’s happening in the real estate market Down the shore? Well, take the headlines with a grain of salt, because Real estate is hyper local and down the shore the market is still quite active.
Yes, we’ve all experienced the doubling of interest rates over the past year and inflation on utilities, products and goods and food. Yet that doesn’t seem to have stopped builders from building and buyers eager to find their own place down the shore, the problem is, we are still experiencing very low inventory.
Take a look around Wildwood Crest, you’ll see new construction going on all over the place. Have you been thinking about building your own home down the shore?
Well stick around, because we just listed a beach bungalow that is ready for a rehab, it even has an accessory unit in the back, or tear it down and build exactly what you want.
In Wildwood Crest there are only 13 Single Family homes for sale on the market, such as 220 E. Syracuse Avenue, (drop in a picture of 220 E Syracuse) a super cute turn key, move in ready, 2 bedroom 1 bath beach bungalow with a detached garage. I made a video of this home and we just reduced the asking price. I’ll put a link to that video in the description below. In North Wildwood, there are 15 Single Family Homes currently for Sale and in Wildwood, just 7 Single Family homes for sale on the market.
Our new listing at 213 E. Denver Avenue was built in 1955. A classic beach bungalow with a covered front porch and off street parking. The home is in need of major renovation, but it does offer an accessory unit that has plumbing and natural gas heat. Renovate the house, along with the rear unit and you’ve got a charming bungalow plus rental income. Or tear it down and build that beach house you’ve been dreaming about.
To some this may be a tear down, to others a great opportunity to renovate a classic cottage with the bonus unit in the rear. The beauty of this home is the location, just 2 ½ blocks to the beach.
If you’d like more information on this home or if you’d like to see it in person, Give me a call, my contact information is below.
