540 E Cape May Ave, Ocean Gate, NJ 08740
Property image
Property image
FOR SALE
0.49 ACRES

$569,000

Original price: $599,000
  • 3 Beds
  • 2 Baths
  • 1,997 sqft (on 0.49 acres)

540 E Cape May Ave, Ocean Gate, NJ 08740

Est. Mortgage $3,783/mo*
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Home Highlights

Single-Family Home
Built in 1911
0.49 acre lot
$285/sqft
Garage

Local Information

  • Map ViewExplore the area around 540 E Cape May Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Oversized detached garageHeated sunroomFlex roomPeaceful setting
Welcome to the charming coastal community of Ocean Gate! This spacious single family home offers 3 bedrooms, 2 bathrooms, a flex room, and a heated sunroom, providing nearly 2,000 square feet of comfortable living space. Set on almost a half acre lot, the property also features an oversized detached garage and an extra long driveway with abundant parking, plus additional parking by the garage. Perfect for seasonal or year round living, this home has great bones and is ready for your personal touches and updates. There is also potential for subdivision—buyers are encouraged to perform their own due diligence with the township regarding this possibility. Enjoy the peaceful setting of this beautiful property while being just a few blocks from the beach and boardwalk area, making it easy to take in all the coastal charm Ocean Gate has to offer. Come explore the possibilities and experience the lifestyle this wonderful community provides.
Last check for updates: about 9 hours ago
Listing courtesy of Lois Furlong, (732) 851-3188
Century 21 Action Plus Realty - Freehold
Source: Bright MLS, MLS#NJOC2042192
Also Listed on MoreMLS, Bright MLS, MoreMLS.

Home Details for 540 E Cape May Ave

Interior Features

Interior Details
Number of Rooms: 8
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1997 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Cooktop, Washer, Water Heater, Gas Water HeaterDishwasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Baseboard,Natural GasNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
No FireplaceNo Spa
Windows, Doors, Floors & Walls
Window: Bay/Bow
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: None
View
No View

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: PatioOther Structures: Above GradeFoundation: Crawl SpaceNo Private Pool
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Open Parking Spaces: 6No CarportHas a GarageNo Attached GarageHas Open ParkingParking Spaces: 7Parking: Storage,Garage Door Opener,Oversized,Concrete,Detached,Driveway
Pool
Pool: None
Frontage
Waterfront: RiverNot on Waterfront
Water & Sewer
Sewer: Public SewerWater Body: Toms River And Barnegat Bay
Farm & Range
Not Allowed to Raise Horses
Finished Area
Finished Area (above surface): 1997 Square Feet

Days on Market

Days on Market: 133

Property Information

Year Built
Year Built: 1911Year Renovated: 1982
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: DetachedArchitecture: Colonial
Building
Construction Materials: FrameNot a New Construction
Property Information
Not Included in Sale: Personal BelongingsIncluded in Sale: Washer, Dryer, Refrigerator, Stove, Microwave, Dishwasher, Light Fixures, Ceiling Fans, Window Coverings, Garage Door OpenerParcel Number: 220006100007

Price & Status

Price
List Price: $569,000Price Per Sqft: $285
Status Change & Dates
Possession Timing: Negotiable

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: OCEAN GATECommunity: None Available

Agent Information

Listing Agent
Listing ID: NJOC2042192

Building

Building Area
Building Area: 1997 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 0.49 acres

Listing Info

Special Conditions: Standard

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional, FHA, VA Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: NJOC2042192Municipality: OCEAN GATE BOROAbove Grade Unfinished Area: 1997

Additional Information

Source Internet Automated Valuation Display: YSource Internet Consumer Comment: NSource Internet Entire Listing Display: YSource Internet Address Display: Y

Around this home

What Locals Say about Ocean Gate

At least 7 Trulia users voted on each feature.

  • 100 % Say it's dog friendly

  • 100 % Say it's walkable to restaurants

  • 100 % Say people would walk alone at night

  • 88 % Say there are sidewalks

  • 83 % Say yards are well-kept

  • 80 % Say there's holiday spirit

  • 77 % Say parking is easy

  • 77 % Say kids play outside

  • 67 % Say neighbors are friendly

  • 64 % Say it's walkable to grocery stores

  • 64 % Say car is needed

  • 62 % Say there are community events

  • 60 % Say it's quiet

  • 60 % Say streets are well-lit

  • 50 % Say there's wildlife

  • 33 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.
  • Nicolemcortese
    "4th of July parade, movie on the beach, bands on the beach and cardboard boat races . all make this community so special."
    3
    Flag
  • Crystal P.
    "We have music on the pier in the summer. We have an annual town wide garage sale as well as Ocean Gate day every summer. We have beaches and a splash park along with multiple playgrounds in the neighborhood."
    1
    Flag
  • Lauren T.
    "Great place for dog owners. No matter what type of dog you own. Plenty of open space to keep the dog away from each other if need be. "
    0
    Flag
  • Christinascavone
    "Ocean gate day . 4th of July parade and festivities . Boardwalk is beautiful ! Boat parade . Vendors . Car show in oct. "
    0
    Flag
  • Denise
    "The great people.family oriented..crabbing,fishing & swimming by the bay..very close to Island Beach state park and other beaches..great restaurants..the Anchor is fantastic..schools are great..I love Ocean Gate..my family has been livi g here for over 40 years."
    3
    Flag
  • Jaci K.
    "It's a quiet like town and is very nice. Everywhere is within walking distance including the beach. Everyone is very friendly."
    0
    Flag
  • Kjbrown88
    "Small tight community. I've been here for over 40 years it is really starting to grow n become much more family oriented. Hopefully it continues to grow the correct way."
    0
    Flag
  • Liz C. c.
    "As a resident, Ocean Gate holds about 2000 people in town in the winter, and about 4000 people in the summer...and you would not know the difference. We are a very quiet little town with a "Mayberry" appeal. A few great local places to eat, a beach and boardwalk that is never over crowded or dirty, and a cozy little town for walking, biking, skating, fishing, crabbing, etc. It's quiet and free of noisy traffic, and no matter where you live here in town you get the most wonderful bay breezes. A great place to start a family or retire, there's something for everyone. "
    0
    Flag

Market trends in Ocean Gate

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
12
3MoM

Home Value

Trulia Estimate
$557K
Since last month
Increased$12K (+2.2%)
Since last year
Increased$69K (+14.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +125% in the last 10 years
MonthEstimated value
2026
September 2026$557K
August 2026$545K
July 2026$549K
June 2026$583K
May 2026$612K
April 2026$509K
March 2026$510K
February 2026$481K
January 2026$487K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
710 Newport Avenue, Ocean Gate, NJ
0.06
Single-Family Home
$440,000
09/17/26
3
2
1,100
914 Anglesea Avenue, Bayville, NJ
0.12
Single-Family Home
$420,000
09/17/26
3
1
1,389
648 E Bayview Avenue, Ocean Gate, NJ
0.25
Single-Family Home
$465,000
09/30/25
3
2.5
1,582
416 Monmouth Avenue, Ocean Gate, NJ
0.28
Single-Family Home
$500,000
02/19/26
3
2
1,680
410 Monmouth Avenue, Ocean Gate, NJ
0.28
Single-Family Home
$625,000
07/20/26
3
3
2,128
334 E Bayview Avenue, Ocean Gate, NJ
0.32
Single-Family Home
$635,000
07/30/26
3
2
1,288
521 E Long Branch Ave, Ocean Gate, NJ
0.14
Single-Family Home
$420,000
06/05/26
4
1
1,688
616 E Arverne Ave, Ocean Gate, NJ
0.09
Single-Family Home
$400,000
02/25/26
2
1
1,420
723 E Long Branch Avenue, Bayville, NJ
0.25
Single-Family Home
$299,900
06/11/26
3
1
1,140

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
532 E Arverne Ave, Ocean Gate, NJ 08740
0.05
$593,500
3
2.5
2,172
Off Market
546 E Arverne Avenue, Ocean Gate, NJ 08740
0.06
$633,300
4
2
2,094
Off Market
524 E Point Pleasant Avenue, Ocean Gate, NJ 08740
0.06
$340,200
2
1
770
Off Market
711 Anglesea Avenue, Ocean Gate, NJ 08740
0.08
$449,900
3
2.5
1,600
For Sale
710 Newport Avenue, Ocean Gate, NJ 08740
0.06
$440,000
3
2
1,100
Recently Sold
914 Anglesea Avenue, Bayville, NJ 08721
0.12
$420,000
3
1
1,389
Recently Sold
445 E Cape May, Ocean Gate, NJ 08740
0.12
$336,400
3
2
-
Off Market
612 E Cape May Avenue, Ocean Gate, NJ 08740
0.07
$409,900
2
1
1,448
Off Market
521 E Point Pleasant Avenue, Ocean Gate, NJ 08740
0.09
$330,000
3
1
936
Recently Sold
616 E Arverne Ave, Ocean Gate, NJ 08740
0.09
$400,000
2
1
1,420
Recently Sold
0 E Barnegat Avenue, Bayville, NJ 08721
0.14
-
-
-
-
Off Market

Price and Tax history

DateEventPrice
Jul 10, 2026
Source: MoreMLS #22614182
PriceChange
$569,000
Price decreased by 5%
May 14, 2026
Source: MoreMLS #22614182
Listed For Sale
$599,000

LGBTQ Local Legal Protections

Lois Furlong, Century 21 Action Plus Realty - Freehold
Agent Phone: (732) 851-3188
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc. Click here for more information

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Frequently asked questions about 540 E Cape May Ave

  • What is the estimated monthly payment for 540 E Cape May Ave?
    Based on a $569,000 list price with 20% down at today's rates, the estimated monthly payment for 540 E Cape May Ave in Ocean Gate, NJ is approximately $3,930 (about $3,148 principal & interest, $707 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Ocean Gate?
    Residents describe Ocean Gate, NJ as dog-friendly, walkable to restaurants, and pedestrian-friendly. See homes for sale in Ocean Gate, NJ.
  • What are the closest schools to 540 E Cape May Ave?
    The closest schools to 540 E Cape May Ave in Ocean Gate, NJ are Central Regional High School (rated 3/10), Central Regional Middle School (rated 4/10), Ocean Gate Elementary School (Pre-K, rated 3/10).
  • What is 540 E Cape May Ave estimated to be worth?
    Trulia's estimated value for 540 E Cape May Ave in Ocean Gate, NJ is $557,000.
  • Does 540 E Cape May Ave have laundry facilities?
    Yes, 540 E Cape May Ave in Ocean Gate, NJ has in-unit laundry.
  • How big is the lot at 540 E Cape May Ave?
    The lot at 540 E Cape May Ave in Ocean Gate, NJ is about 0.49 acres (21,344 sq ft).
540 E Cape May Ave, Ocean Gate, NJ 08740 is a 3 bedroom, 2 bathroom, 1,997 sqft single-family home built in 1911. This property is currently available for sale and was listed by Bright MLS on May 14, 2026. The MLS # for this home is MLS# NJOC2042192.