PRICELESS OCEAN AND BOARDWALK VIEWS AT AN EXCEPTIONAL PRICE! Welcome to Unit 507 at the desirable Mali Kai Condominiums, where spectacular ocean, boardwalk, and city views await! Located on the top floor of this elevator-serviced building, this beautifully updated condominium offers the perfect opportunity to own your very own piece… Read More of the Jersey Shore! With a proven rental history generating approximately $22,000 this season (with owner use), this property offers an exceptional opportunity to enjoy the Shore while benefiting from an established income-producing investment! Step inside to discover a bright, inviting open-concept living space featuring beautiful wood-grain laminate flooring, a spacious living room with comfortable sectional seating with sleeper, and an abundance of custom built-in cabinetry providing exceptional storage. The beautifully updated kitchen features white shaker-style cabinetry, granite countertops, a stylish tile backsplash, stainless steel appliances, and a spacious center island with seating for four - perfect for casual dining. Tasteful coastal de9;cor, neutral colors, and thoughtful updates throughout create a welcoming Shore retreat. The generously sized bedroom offers a queen bed along with built-in triple bunk beds, providing flexible sleeping accommodations for family and guests. Additional highlights include a full bathroom, gas forced-air heating, and central air conditioning for year-round comfort. But the real showstopper is the fifth-floor balcony! Relax with your morning coffee or evening cocktail while taking in the incredible views of the Atlantic Ocean, the iconic Wildwood Boardwalk, and the surrounding city skyline. During the summer season, enjoy a front-row seat to the spectacular Friday night fireworks! Unlike many converted properties, the Mali Kai was originally constructed as a condominium building and offers an impressive collection of amenities, including a heated swimming pool, spacious sundeck, elevator, on-site laundry facilities, gas BBQ grills, off-street parking, and professional management. The association is also pet-friendly! This condominium is being sold furnished, including appliances and electronics, with the exception of personal items, making it easy to begin enjoying your Shore getaway immediately. With an established rental history of approximately $22,000 this season (with owner use) and a turnkey furnished interior, this property presents an attractive opportunity for buyers seeking both personal enjoyment and rental income. The monthly condominium fee of $295 includes water, sewer, cable television, wifi, and exterior insurance. A current quarterly assessment of $300 is in place for exterior improvements and reserve funding. Whether you're searching for your own vacation retreat, an income-producing investment, or a little bit of both, Unit 507 at the Mali Kai offers the perfect combination of location, amenities, established rental history, and those PRICELESS Shore views! Schedule your private showing today! Read Less
Courtesy of Jeanine M. Cabrera, Cabrera Coastal Real Estate, LLC, 609-729-0559
Listing Snapshot
Days Online
4
Last Updated
Property Type
Condominium
Beds
1
Full Baths
1
Square Ft.
490
Year Built
1960
MLS Number
NJCM2008384
Additional Details
Building
Built in 1960, Living area: 490, Levels: 5, Entry level: 5, Construction Materials: Block, Concrete, Mixed, Stucco
Cooling
Central A/C
Accessibility Features
None
Heating
Forced Air
Home Owner's Association
Association Fee: $295, Fee Frequency: Monthly, Fee Includes: Cable TV, Common Area Maintenance, Ext Bldg Maint, Sewer, Trash, Water, Insurance, Amenities: None
Property
Other structures: Above Grade
Sewer
Public Sewer
Taxes
Annual Amount: $2,364.82, Year: 2025, Zoning: OS
Utilities
Water Source: Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.