*WILDWOOD WATERFRONT DEVELOPMENT SITE | 14 BOAT SLIPS | $17M+ SELL-OUT POTENTIAL!* For Sale

🏡 5101 Shawcrest Rd, Wildwood, NJ 08260

💰 PRICE STARTING AT: $1,999,999
💰 EST. REDEVELOPMENT ARV / GROSS SELL-OUT: $17M–$19M+
💰 2025 TAXES: $22,478

Rare opportunity to acquire a 6.06-acre waterfront commercial property located on Shawcrest Island in the Wildwood market. Formerly operated as a waterfront restaurant and marina, this unique property offers direct water access, an existing marina basin, bulkheaded shoreline, and 14 boat slips. Waterfront development sites of this size with existing infrastructure are extremely difficult to find in Cape May County.

🏗️ CONCEPTUAL WATERFRONT CONDOMINIUM DEVELOPMENT

Ownership previously explored a luxury waterfront condominium redevelopment consisting of approximately 14 waterfront residences with deeded boat slips. The concept included a mix of luxury waterfront units designed to maximize marina and bay views.

CONCEPTUAL UNIT MIX & PROJECTED SELL-OUT

✅ 8 Waterfront 2-Bedroom Units
Approx. 1,050 SF
Projected Pricing From $750,000 Each

✅ 2 Waterfront 3-Bedroom Units
Approx. 1,450 SF
Projected Pricing From $1,450,000 Each

✅ 2 Wraparound Balcony 3-Bedroom Units
Approx. 1,475 SF
Projected Pricing $1,700,000–$1,800,000 Each

✅ 2 Penthouse Residences
Approx. 1,875–2,075 SF
Projected Pricing $2,350,000–$2,500,000 Each

PROPOSED AMENITIES

✅ One Deeded Boat Slip Per Residence

✅ Marina & Waterfront Access

✅ Private Balconies

✅ Penthouse Terrace Opportunities

✅ Premium Boat Slip Upgrade Potential

✅ Direct Marina & Bay Views

Based on the prior redevelopment concept and pricing schedule, the projected sell-out value exceeds $17M and could approach $19M+, subject to final approvals, design, unit mix, market conditions, and buyer due diligence.

PROPERTY DETAILS

✅ 6.06 Acres

✅ Waterfront Commercial Property

✅ Block 806 | Lot 4.01

✅ Former Waterfront Restaurant

✅ Existing Marina Basin

✅ 14 Boat Slips

✅ Existing Bulkheaded Shoreline

✅ Direct Water Access

✅ Public Water

✅ Public Sewer

✅ Existing Utility Infrastructure

✅ Shawcrest Island Location

✅ Minutes From Wildwood Beaches

✅ Minutes From Cape May

DEVELOPMENT POTENTIAL

✅ Luxury Waterfront Condominium Development

✅ Waterfront Restaurant

✅ Marina Operation

✅ Waterfront Hospitality Destination

✅ Mixed-Use Waterfront Redevelopment

✅ Boutique Waterfront Community

✅ Marina Expansion Opportunity

✅ Long-Term Waterfront Investment

✅ Redevelopment Opportunity In One Of South Jersey’s Most Supply-Constrained Waterfront Markets

NJDEP & SITE HIGHLIGHTS

✅ Existing Marina Infrastructure

✅ Existing Bulkheaded Shoreline

✅ Active NJDEP Waterfront Authorization

✅ Prior CAFRA Approvals

✅ Prior Waterfront Development Approvals

✅ Existing Developed Waterfront Footprint

✅ Documented Coastal Permitting History

The property benefits from NJDEP authorization related to approximately 721 linear feet of vinyl bulkhead and marina maintenance dredging activities associated with the waterfront improvements.

INVESTMENT HIGHLIGHTS

• Rare Waterfront Development Opportunity

• Existing Marina & Boat Slip Infrastructure

• Significant Barrier To Entry For Competing Waterfront Projects

• Prime Cape May County Waterfront Location

• Existing Utility Connections

• Existing Shoreline Improvements

• Commercial / Restaurant Zoning

• Potential Luxury Condo Redevelopment Opportunity

• Strong Marina, Hospitality, Restaurant, and Residential Redevelopment Potential

• Large 6.06 Acre Waterfront Parcel

IMPORTANT NOTES

• Commercial / Restaurant Zoning

• Liquor License Not Included

• Buyer Responsible For All Due Diligence

• Future Development Subject To Local, State, CAFRA, And Other Applicable Approvals

• Waterfront Development Concept Provided For Informational Purposes Only

CONTACT

For Additional Information, Surveys, Permitting Documentation, Or To Submit An Offer:

📞 Harshil
856-388-5669

📧 Harshil@hofhomebuyers.net