UNIQUE OPPORTUNITY FOR DEVELOPERS AND HOMEBUYERS Already subdivided waterfront property offering existing Cape May cottage on one lot and a second lot with 1.01 acres of vacant land facing the Cape Island Creek in the City of Cape May. The front lot (Lot 82.01) is 7,500 sq. ft. (50' x 150') with a four bedroom and two full bathrooms in a 1930s cottage that has been recently undergone significant renovations for immediate use. The new owner can add the finishing touches to personalize this home. This two-story cottage has a full concrete basement with interior and exterior access. With 11 total rooms, this home has an enclosed front porch, living room, den, kitchen, dining room, bedroom, and one full bath on the first floor. The open second floor can accommodate two bedrooms and one full bath. The kitchen has new appliances, new cabinets, and new wood flooring. The concrete driveway for this house can easily accommodate three vehicles. Operational window air conditioners are in place for all rooms. Heat is natural gas with radiators and is multi-zoned. There is an EV charging unit on the exterior of this house. The back lot (Lot 82.02) is 1.01 acres and is 65 feet wide and runs to the Cape Island Creek. Access is by a 15-foot dedicated driveway from Lafayette Street to the lot and is not part of Lot 82.01. This vacant lot is cleared with the opportunity to construct a new custom home with a pool on the plot as well as beautiful views of environmental. grassy sound with its variety of wildlife and habitat. This entire property is situated in the R-2 zone. This is truly a once-in-a-lifetime opportunity for visionary developers and homebuyers in the America's highly valued Oldest Seashore Resort which is a nationally designated Historic Landmark District!