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

540 E Cape May Ave
Ocean Gate, NJ 08740

  • 3 Beds
  • 2 Baths
  • 1,997 sqft (on 0.49 acres)

$599,000

Est. Mortgage $3,801/mo*

$599,000

Est. Mortgage $3,801/mo*
3 Beds
2 Baths
1,997 sqft
(on 0.49 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.

Home Highlights

Parking
Garage
Outdoor
Patio
A/C
Heating only
HOA
None
Price/Sqft
$300
Listed
39 days ago

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: 39

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: $599,000Price Per Sqft: $300
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 Entire Listing Display: Y
Last check for updates: about 18 hours ago
Listing courtesy of Lois Furlong, (732) 851-3188
Century 21 Action Plus Realty - Freehold
Source: Bright MLS, MLS#NJOC2042192

Market trends in Ocean Gate

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
13
3
MoM

Price History for 540 E Cape May Ave

DatePriceEventSource
05/14/2026$599,000Listed For SaleMoreMLS #22614182

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Property Tax and Assessment

Year2023
Tax$6,997
Assessment$251,600
Home facts updated by county records

Comparable Sales for 540 E Cape May Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.19
Single-Family Home
$495,000
07/16/25
4
1.5
1,512
0.05
Single-Family Home
$575,000
09/10/25
3
2.5
2,172
0.15
Single-Family Home
$425,000
06/27/25
3
1.5
924
0.25
Single-Family Home
$465,000
09/30/25
3
2.5
1,582
0.20
Single-Family Home
$460,000
08/27/25
3
2
1,200
0.15
Single-Family Home
$325,000
07/28/25
3
2
1,144
0.28
Single-Family Home
$500,000
02/19/26
3
2
1,680

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 540 E Cape May Ave.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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."
  • 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."
  • 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. "
  • Christinascavone
    "Ocean gate day . 4th of July parade and festivities . Boardwalk is beautiful ! Boat parade . Vendors . Car show in oct. "
  • 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."
  • Jaci K.
    "It's a quiet like town and is very nice. Everywhere is within walking distance including the beach. Everyone is very friendly."
  • 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."
  • 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. "

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
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.