Having a view of the beach is great, but what about actually owning it?
Well, now is your chance to buy part of the beach in Cape May, New Jersey.
More than eight acres are up for sale for just...wait for it...$1 million. The listing is essentially the entire beach block between Gurney and Ocean streets and extends partially into the ocean. This rare offering is the talk of the town, having no historical precedent in recent memory.
So, are you interested in owning this piece of the Cape May City beach?
Well, we have a warning for potential buyers: There's not much that you can do with it other than getting a license to rent out beach umbrellas or chairs.
According to Paul Dietrich, Cape May City manager and engineer, the easement specifically stops construction of any type of structure on the beach.
If you think this is your chance to have your own private beach, think again because sharing is required and, on top of that, you’d still have to pay to put your toes in the sand.
“Just like all the rest of our beaches, they're open to the public, you still have to pay beach tags," Dietrich said. “We have to maintain that beach, and beach tags are there to help fund all the operations the beach fills, lifeguards.”
Also, beach-owning bragging rights would come with a tax bill that is more than $8,000 each year.
The city of Cape May has the right of first refusal to purchase the property. The plot of sand had belonged to former hotel owner Bob Fite who passed away last year. “Right now, we're just entertaining offers on it," estate executor John Sabella said.
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