OCNJ Local Home of the Week: Rare Beach-Block Value and Unlimited Upside at 5132 Central Avenue

Finding a home on the beach block in Ocean City’s quiet Southend is rare enough. Finding one with ocean views, solid construction, and a fresh $100,000 price improvement is the kind of opportunity that savvy buyers wait all season to see.

Now listed at $1,099,999, improved from $1,199,900, 5132 Central Avenue stands out as a highly attractive entry-level option on the island. Instead of paying premium prices for someone else’s design, this property gives you direct access to outstanding coastal real estate, with the financial flexibility to build immediate equity.

Solid Bones, Coastal Charm, and Big Potential

This three-story home rests on solid foundations. It features hardwood and tile floors, vinyl siding, an eat-in kitchen with a gas range, and traditional wraparound decking, providing an instant, practical beach getaway from the start.

• First Floor Living offers a roomy living space, a powder room, and smooth access to both front and rear decks. The wraparound front deck is perfect for enjoying an early morning coffee alongside Atlantic breezes and scenic water views.
• Second Level Comfort: Offers three generously sized bedrooms and a full bath, including a primary-style room that captures scenic ocean views.
• The third-floor bonus area is a large storage attic with high ceilings and ample space. It can be transformed into a fourth bedroom, bunk room, or media room, which would increase both living space and property value.

Dining Room / Living Room

Proven Rental Powerhouse Potential

5132 Central Avenue offers significant income potential beyond personal use. The beach block single-family homes are highly sought-after rentals on the island, with peak-season weekly rates that surpass those of multi-family duplexes. Families are willing to pay more for privacy, private off-street parking, no shared walls, and direct access to the beach path without crossing any avenues. Utilizing the third-floor space for extra sleeping areas or a custom bunk room can create a high-occupancy layout, maximizing summer rental income and ensuring strong cash flow from June through September.

The Ultimate Equity Play

At this newly improved price, the math works firmly in your favor. The entry point leaves substantial capital on the table for modern cosmetic renovations, layout expansions, or high-end coastal upgrades. Whether your vision is a refreshed, classic seaside cottage, a personal luxury getaway steps from the sand, or a high-performing summer investment, the canvas is wide open.

3rd Floor Loft

Property Snapshot: 5132 Central Avenue

• Price: $1,099,999 (Recent $100K Price Improvement)
• Location: Beach Block, Southend Ocean City
• Layout: 3 Bedrooms, 1.5 Baths (Plus unfinished 3rd-floor bonus space)
• Exterior: Wraparound deck with ocean views, rear deck, outside shower, 2-car concrete parking pad

Properties with this footprint, ocean proximity, and value cushion do not stay on the market long.

Come see this blank canvas in person at an open house presented by Goldcoast Sotheby’s on Sunday, 9/19/2026, from 10:00 am – Noon.

To schedule a private showing or learn more about 5132 Central Ave, contact  Pete Madden, Broker/Owner at Goldcoast Sotheby’s International Realty.

• Direct / Mobile:(609) 513-4781
• Office:(609) 399-2500
• Email: pete@petemadden.com
• Office Location:Goldcoast Sotheby’s International Realty — 200 34th Street, Ocean City, NJ 08226

Southend Living FAQ: What Makes 5132 Central Ave & The Southend So Special?

What is the vibe of Ocean City’s Southend?

Southend, stretching roughly from 34th to 59th Street, is celebrated for its tranquil, relaxed coastal vibe. Away from the busy boardwalk, it features uncrowded beaches, peaceful residential streets, and convenient access to the scenic trails and natural splendor of Corson’s Inlet State Park. This area is the preferred choice for buyers looking for traditional seaside relaxation.

What businesses and conveniences are nearby on the 55th Street commercial corridor?

Just four blocks south of 5132 Central Avenue is the lively 55th Street business corridor, serving as the hub for Southend’s daily essentials and casual dining. No need to go downtown or off-island for everyday necessities or beach snacks.

• Sack O’ Subs & Pizza (55th & Central): An island staple serving classic Atlantic City-style hoagies on fresh rolls, pizza, cheesesteaks, and beach lunch favorites with quick walk-up convenience.
• A La Mode Ice Cream Parlor (55th & Central): The neighborhood’s post-dinner ritual, serving homemade hard scoops, soft serve, sundaes, and sweet treats all summer long.
• Mike’s Seafood (55th & West Ave): A local fixture, offering a fresh dockside seafood market, take-out platters, steamed crabs, and outdoor deck seating.
• Blitz’s Market (near 55th & West Ave): The go-to neighborhood deli counter for high-quality meats, fresh produce, beach sandwiches, and everyday grocery runs.

How close is 5132 Central Avenue to the beach?

You are just steps from the beach path, making trips to the sand effortless whether you’re carrying surfboards, beach chairs, or coolers with the whole family.

How does finishing the 3rd floor impact investment returns?

Adding a 4th bedroom or a dedicated bunk area on the 3rd floor greatly increases the property’s sleeping capacity. In Ocean City’s vacation rental market, being able to host multi-generational families or larger groups typically leads to higher weekly rates and better shoulder-season bookings.