Pitched as a home for “refined living” or a “premier investment property,” a seven-bedroom residence in Cape May’s Historic District closed for $3.495 million cash this week.
The five-bathroom property at 519 Franklin Street was offered fully furnished, with marketing that promoted peak rental income of up to $15,000 a week.
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The listing described a renovation to the studs, including new wiring and plumbing, three-zone heating and cooling, and a kitchen equipped with a hidden butler’s pantry and dual dishwashers.
A wraparound porch and parking for four to five vehicles rounded out the pitch.
The home went under contract July 17, according to listing records. Its closing price was $4,000 below the latest listing’s $3.499 million ask.
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Earlier listing history shows a $3.599 million asking price in September 2025, putting the sale $104,000 below that opening figure.
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