417 E 22nd Avenue $365,500

Magnificent Ocean-views are to had when entertaining your family and friends from the roof-top deck that overlooks the Atlantic Ocean and Amusement Piers. This penthouse unit is situated just 75 feet from the beautiful North Wildwood beaches. This townhouse style unit offers 4 spacious bedrooms with plenty of closets, full bathrooms on each of the floors, and a private elevator that only services the penthouse. After walking in through your foyer, the 1st floor offers a huge family room and 3 bedrooms. The upper 2nd level offers a living room, gallery style kitchen with dining room area, master bedroom suite with magnificent ocean-views, and the private elevator lobby. There is access to the private roof-top deck from both the master bedroom and the living room. Although this unit has never been rented by the current owners, the previous owners had excellent rental history with 100% bookings through the season. This unit should easily generate $50,000.00 in summer weekly rentals. Common features of the White-sails Condominium include, BBQ area, Bike Rack, Off Street Parking, and a Swimming Pool. The condo fee on this unit includes water, sewer, hazard, liability, and flood insurances, exterior common electric, pool services, landscaping and ground services. Buyer's must realize, if they were insuring a 4 bedroom house in the beach block on an island that requires flood insurance, the flood insurance would cost $2,000.00 a year, then add in liability and hazard insurance $2500.00 year, then the water and sewer for a 4 bedroom residence, $3500.00 year, now add in servicing for a pool $500.00 a year, right there you have $8500.00 in annual expenses. The condo fee is roughly $10,000 per year, a difference of $1500.00, and the owner of this unit has a private elevator, beach block off street parking, swimming pool, BBQ areas, and the an 800 square foot deck with million dollar views. If your a 4 bedroom buyer and your not making an offer on this unit, your not doing simple math!!!!!!!!!

This listing is provided courtesy of JERSEY BEACH REALTY, LLC