Cape May Waterfront Lot Sells for Record $6.5M

Issue #593

February 09, 2026

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In This Cape May Local Scoop Issue…

 📆 Cape May Events

☀️ Cape May Local Weather

🌊 Cape May Waterfront Lot Sells for Record $6.5M

✈️ Cape May’s Housing Vision Grounded by FAA Decision 

⚔️From Kids Courses to Team Competitions, Ocean City Goes Full Warrior Mode

Cape May Local Scoop’s Events Are Sponsored By: Shop Local

👇 Here’s what’s going on in the Cape May Local Area👇  

 February 9

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Cape May Waterfront Lot Sells for Record $6.5M

A rare slice of Cape May’s Marina District has just sold for an eye-popping $6.5 million, marking one of the highest-priced residential land deals in the city’s history. Located on Yacht Avenue, the 0.7-acre parcel sits in a prime boating corridor just behind the Wawa convenience store, in one of Cape May’s most coveted waterfront neighborhoods. The Marina District has seen a flurry of development in recent years, and this lot was one of the last remaining undeveloped properties in the area. What makes the sale particularly significant is that the site is shovel-ready. Fully approved plans are in place for a luxury seven-unit townhome development, complete with garage parking and a private marina. The marina component is expected to include between 17 and 23 boat slips, in addition to seven dedicated parking spaces, a bathroom facility, and seven overflow spots for residents. Beyond the physical features, the location adds considerable weight to the price tag. The property offers sweeping harbor views and is just steps from Cape May’s popular waterfront dining spots, including Lucky Bones and The Lobster House. The walkable access to restaurants, docks, and open water reinforces the area’s appeal to boaters and seasonal residents alike. More than just a milestone transaction, the sale underscores Cape May’s rising status as one of New Jersey’s premier coastal real estate markets. With demand for waterfront living showing no signs of slowing, this record-breaking purchase reflects a confident outlook for the city’s future.

Cape May’s Housing Vision Grounded Decision by FAA

Cape May County’s ambitions to build a 300-unit housing complex on airport property have hit a major snag after the Federal Aviation Administration (FAA) firmly denied approval for residential development at the site. In a January 16 message sent to County Commission Director Len Desiderio, the FAA stated that it would not support using airport land for housing or approving the sale of airport property to enable such use. The decision challenges the county’s long-term strategy to redevelop a portion of the 1,000-acre airport in Lower Township, including its motivation to end a longstanding lease with the Delaware River and Bay Authority (DRBA), the current airport operator. The DRBA has managed the airport under a 30-year lease that expires in just over three years. The county, aiming to take full control of the property and repurpose part of the land for residential use, issued a nonrenewal notice in mid-2024. But with the FAA’s rejection, the centerpiece of the county’s redevelopment vision appears increasingly uncertain. If the county proceeds with terminating the lease, it will be required to reimburse the DRBA for over $30 million in capital improvements made during its management of the site—costs previously absorbed at no charge to county taxpayers. Additionally, the county would take on an estimated $1 million in annual costs to retain FlightLevel, a private operator, to manage day-to-day airport operations. The FAA’s stance adds new urgency to a growing debate over the county's decision to exit its cost-effective arrangement with the DRBA. Without FAA clearance for housing, the county’s financial justification for assuming full control of the airport comes into question.

 

From Kids Courses to Team Competitions, Ocean City Goes Full Warrior Mode

Ocean City’s high-energy Winter Warrior Challenge is set to make its return on Saturday, February 14, turning Presidents Day Weekend into a full-throttle fitness and fun experience for all ages. Hosted at the Ocean City Sports & Civic Center, the day-long event promises a mix of athletic endurance, community spirit, and seasonal celebration—complete with obstacle races, team events, and family-friendly activities. The highlight of the day is a 2.5-mile obstacle course open to participants aged 14 and up. Packed with 10 distinct challenges, the course features everything from tire runs and sand mounds to floating steps and a cargo net climb. Runners will compete in timed waves starting at 9 a.m., with a team heat following at 10 a.m. Later in the day, the course reopens for open play, allowing anyone—kids included, with an adult—to take on the course at their own pace. All finishers receive a commemorative Winter Warrior shirt, and top performers in each age group will earn awards. The kids aren’t left out either. A specially designed children’s obstacle course will run from 10 a.m. to noon, offering elements like monkey bars, agility challenges, and a rock wall. Family relay races take over from noon to 1 p.m., followed by an open play session through 2 p.m. For those who prefer group challenges, the team competition features adrenaline-pumping events including a fire truck pull, sandbag carries, tire flips, and a simulated fire hose and dummy rescue. Teams of four can compete in all-male, all-female, or co-ed divisions, with top groups being crowned Winter Warrior Champions. While action unfolds outside, the Civic Center will offer a warm indoor space for socializing and recharging. From 9 a.m. to 2 p.m., participants and spectators can enjoy sponsor exhibits, hot chocolate, music, fire heaters, concessions, and the awards ceremony—all within a cozy community atmosphere. All proceeds from the Winter Warrior Challenge will go toward supporting Ocean City Recreation scholarships and programs. Registration is available online, with race-day signups also welcome. Entry for the Kids Challenge Course is priced at $10.

 Answer to the January 31st Trivia Question

Cape May, New Jersey, is renowned for its historical significance and unique attractions. Which of the following statements about Cape May is true?

A) The Cape May Lighthouse was built in 1892. B) Cape May diamonds are actual diamonds found on the beaches. C) The entire city is designated as a National Historic Landmark due to its Victorian architecture. D) The Harriet Tubman Museum opened to the public in 2015.

Answer: C) The entire city is designated as a National Historic Landmark due to its Victorian architecture.

Cape May is famous for its extensive collection of Victorian buildings, which contributed to its designation as a National Historic Landmark in 1976. 

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