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USANJOcean City115-820 Ocean Ave
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115-820 Ocean Ave, Ocean City, NJ

Condo

For Sale

Listed price in listed location currency (USD).
$899,900

220

MLS® 601138

  • Key Facts
  • Description
  • Map

Key Facts

Type Condominium
Levels Residential
Size -
Garage No
Maintenance Fees $603
Taxes $2,082
Days Active 194
Approx. Age 
MLS® Number 601138

Property Address: 115-820 Ocean Ave, Ocean City, NJ, 08226-3621

Average square foot calculated using Size range provided by listing agent.

Description

DO THE MATH! This money-maker generated a 5.17% Cap Rate in 2025 and averages over $75, 000 annually in gross income! Net income 2025 after all expenses was $46, 540. The "Presidential Suite" at Biscayne Suites is the crown jewel of this 64-unit condo/hotel complex. It’s the ONLY 2-bedroom, 2-bathroom unit, and is the most sought after and advanced-reserved unit in the building (over 85% booked already for 2026), capable of accommodating up to 8 guests with 2 roll-away beds (the 1BR units sleep 4 to 5 people). It is by far the top rental performer in the building - all the 1BR units average @$28, 000+/- annually. The fully remodeled interior boasts a full kitchen with full-sized appliances, as well as being the ONLY unit with its own washer and dryer (others use coin-operated facilities). Features include extensive woodworking, recessed lighting with crown moldings, textured acrylic walls, ceiling fans, and a padded dining booth. Offered fully furnished. It’s outfitted with 3 TVs, a stereo/DVD player, an electric fireplace, a king bed, a queen bed, and a queen sleeper sofa. Biscayne Suites offers Ocean City's only rooftop pool with a stunning sun deck and breathtaking ocean and bay views. The on-site front desk and year-round staff and housekeeping ensure seamless operations, making this one of Ocean City's premier condo/hotels. Loyal guests return year after year. This unique property is ideal for investor-owners looking to benefit from high demand and desirability. The required front desk’s summer rental program provides consistent, hassle-free income, yet allows generous personal owner use in-season, and unrestricted personal use off-season. The Condominium Association is stable, well-managed, well-funded, and financially secure—details are available from the listing agent.
MLS® Number601138
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Blinds, Furnished

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 5, 2025List Date
$899,900List Price
  • Commute

Commute

Starting Address
Destination Address
820 Ocean Ave, Ocean City, NJ

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