500 Bay Ave #403 SouthOcean City, NJ 08226

Condo · 1 Bed · 1 Full Bath · 989 Sq. ft.
$599,999 Active

500 Bay Ave #403 South Overview

Time on Site:
68 days
Visits:
135

* RARE DIRECT OPEN BAY CONDO WITH PRIVATE WATERFRONT PATIO * SPECTACULAR SUNSET VIEWS * ONE BED - ONE BATH * OCEAN CITY, NJ * Welcome to 500 Bay Avenue, Unit 403 South, a truly exceptional waterfront residence in one of Ocean City's most desirable bayfront communities. This 1-Bed & 1-Bath offers an ICONIC opportunity with approximately 1,000 square feet of living space with unobstructed, multi-million-dollar open bay views that create an extraordinary coastal lifestyle. One of only six direct bayfront residences in the 60-unit South Building featuring a private waterfront patio, this coveted property delivers front-row views of breathtaking sunsets, the illuminated 9th Street Bridge, passing boats, seasonal fireworks, and Ocean City's iconic Night in Venice celebration. The bright, open-concept layout is filled with natural light and showcases stunning water views from nearly every room. Spacious living and dining areas, newer windows and exterior doors, updated mechanical systems, elevator access, and reserved COVERED parking space #99 add comfort, convenience, and long-term value. Perfectly positioned in the heart of Ocean City, this premier location places you just minutes from award-winning beaches, the Boardwalk, biking, marinas, boating, fishing, waterfront dining, shopping, entertainment, golf, and year-round attractions. Whether you're seeking a luxury second home, primary residence, retirement destination, or investment opportunity, direct open bay properties with private outdoor waterfront space remain among the most limited and sought-after offerings in Ocean City! The home is currently vacant and offering a blank canvas for the new owner to personalize, renovate, or design their ideal waterfront retreat while enjoying one of the most spectacular bayfront settings in Ocean City. Your Key to the Sea is 403! Schedule your private showing today.

Listing provided courtesy of BHHS FOX and ROACH-Simpson OC- MLS# 607074MLS Provider
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500 Bay Ave #403 South Facts & Features

  • Type Condo
  • Sq. ft. 989
  • Price/Sq.ft. $607

Details

General

Association/HOA

  • Association Fee: $516.00
  • Association Fee Includes: Insurance, Maintenance, Management, Sewer, Trash, Water, Cable, Pool

Listing Information

  • Auction: No
  • Bank Owned/Foreclosure: No

Building Information

  • AGE: 25+ Years
  • New Construction: No
  • Year Built: 1977

Location/Region

  • County Or Parish: Cape May
  • LOCATION: Bay Front
  • MLS Area Major: Ocean City/Bay Area

Tax Information

  • Tax Annual Amount: $2,328.00
  • Tax Year: 2025

General Information

  • Pets Allowed: No pets allowed
  • Property Sub Type: Condo
  • Property Type: CONDOMINIUM

Unit Information

  • UNIT LOCATION: Pool View,Water View

Interior

Building Information

  • Rooms: 5

Parking Information

  • GARAGE: One Car

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bedrooms Total: 1

Building Interior

  • Building Area Total: 989
  • COMMON AREA FEATURES: Clubhouse/Clubroom,Deck/Porch,Elevator,Outside Shower,Patio,Pool,Storage Facility
  • WATER HEATER: Electric

General Information

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Cooling: Central
  • Heating: Baseboard, Electric
  • Rooms: Dining Room, Laundry/Utility Room, Recreation/Family, Primary BR on 1st floor
  • Stories: One
  • Stories Total: Six to Ten

Unit Information

  • Unit Number: 403 South
  • Unit 3 Unit: No

Exterior

Parking Information

  • Parking Features: Off Site Parking

Lot Information

  • Water Source: Public Water

Waterfront/View

  • Waterfront: Yes

Building Exterior/Construction

  • Construction Materials: Concrete

General Information

  • Sewer: Public Sewer

500 Bay Ave #403 South Neighborhood

Community

08226 (Ocean City) Demographics

57
Median Age
863
Population Density (per sq. mile)
60%
College Educated
$87,060
Estimated Median Income
3,696
Estimated Total Home Owners
1,507
Estimated Total Renters
71% / 29%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

500 Bay Ave #403 South Market Data

Based on the last 30 days in this zip code

$1,796,546
Average List Price
$1,124
Average Price per Square Foot
7
Properties Sold
88
Average Days on Market
26
Properties for Sale
Calculations provided by Reliance Network

500 Bay Ave #403 South History

Date Event Value Agent
6/18/2026Source: South Jersey Shore MLS Price Reduction
$599,999 -4.1%
Mary Oteri
Listing Agent
4/23/2026Source: South Jersey Shore MLS Added to Database
April 23, 2026
Mary Oteri
Listing Agent