OCNJ Local Home of the Week: Price Improvement on a Rare Oceanfront Legacy Property on Wesley Avenue

Open houses at 2904-06 Wesley Avenue this Saturday, October 17, and Sunday, October 18, from 11 a.m. to 1 p.m.

On Ocean City’s Gold Coast, true oceanfront properties rarely come to market, and almost never at a better price. That’s exactly what’s happened at 2904-06 Wesley Avenue. The brand-new oceanfront residences now have improved pricing: the top-floor home at 2906 is offered at $7,400,000, the first-floor home at 2904 at $6,900,000, and the entire building is available for $14,300,000.

For buyers who have been watching the Gold Coast and waiting for the right moment, this weekend offers the chance to see it in person. Open houses will be held Saturday, October 17, and Sunday, October 18, from 11 a.m. to 1 p.m. both days.

A Property Meant to Be Passed Down

Some homes are bought for a season; this one is built for generations. With both residences available, one buyer can own the entire building and a lasting place on one of Ocean City’s most sought-after stretches of sand. Grandparents can make one floor their own while children and grandchildren fill the other. Each family has its own front door, kitchen, and quiet mornings, while sharing the same private path to the beach.

The new pricing makes that kind of long-term vision easier to realize. At $14,300,000 for the entire building, buyers can turn their vision of a family compound by the shore into one straightforward purchase, an opportunity made more meaningful with each passing year by the scarcity of oceanfront property.

A Home That Can Help Pay Its Own Way

A legacy property doesn’t have to sit empty between family visits. Oceanfront homes of this caliber are exactly what luxury renters seek for a week or a month at the shore, and the Gold Coast attracts guests willing to pay for privacy, new construction, and direct beach access. An owner who buys the entire building has real flexibility: one floor can be reserved for family while the other is offered as a premium rental, or both can be rented while the family is away, turning summer demand into income that helps cover the cost of ownership.

Buyers interested in that approach should talk with the listing broker about rental history in the neighborhood and the likely demand for a property of this size and finish.

Inside the Residences

The upper residence at 2906 occupies an entire floor, offering easy one-level living and ocean views throughout. It features five bedrooms, each with a private bath, plus a sixth full bath and a bunk room where younger guests can have their own space. Cathedral ceilings and hardwood floors extend across the open living area, centered around a built-in fireplace that makes the home inviting in November as well as July.

Designed for gathering, the kitchen features a generous center island, an upscale gas range, and premium appliances, plus casual eat-in seating and a separate dining area for longer family dinners. A private elevator serves every level, while a garage and additional off-street parking solve one of the shore’s most familiar headaches.

Privacy From the Dunes to the Rooftop

Behind the home, a private path winds through the dunes directly to the beach, with no public access or crowds between the back door and the Atlantic. Landscaped lawns surround a private pool, giving the property a resort feel, while covered and open decks wrap around the residence and offer ocean views from nearly every side. At the top, a rooftop deck with a private hot tub overlooks the entire island, a perfect spot for morning coffee and evening gatherings that can become family traditions.

Comfort is handled year-round with gas forced-air heat, central air, and ceiling fans, and pets are welcome, so the whole family can come along.

See It This Weekend

Open houses are Saturday, October 17, and Sunday, October 18, from 11 a.m. to 1 p.m. each day at 2904-06 Wesley Avenue in Ocean City. Buyers who cannot make it this weekend can arrange a private showing through their agent or by reaching out to Pete Madden directly.

Contact Pete Madden, Broker/Owner, Goldcoast Sotheby’s International Realty Direct/Mobile: (609) 513-4781 | Office: (609) 399-2500 Email: pete@petemadden.com 200 34th Street, Ocean City, NJ 08226