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$525,000

Beds
1
Baths
1.5
sq ft
675

205 Somerset St Unit B303, Ocean City, MD 21842

205 Somerset St Unit B303

OCEAN CITY, MD 21842

  • 2 days on market
New listing in VERY SOUGHT AFTER AND RARELY AVAILABLE, White Marlin Condominium and Marina. This condominium association has just finished total exterior renovation, including replacement elevators, new doors and windows in every unit, new pool, new exterior siding, new coated walkways, new railings, and new marina decking and bulkheading at a total cost of nearly $2,000,000.00. Owner has paid special assessment in full. This 3rd floor unit has gorgeous views of the Bay, pool, marina and the most spectacular sunsets from the large waterfront balcony. It features an electric powered awning and tinted windows. A large deep water deeded boat slip #21 conveys with this property which can be used by the new buyer if they have a boat or it can be rented for additional income. The slip can accommodate a a 50-60ft. boat. It comes with 1 assigned covered parking space. From this downtown location you can walk to restaurants and pubs, beach, boardwalk, inlet and all of the festivals. On your boat you can enter the inlet and be in the ocean in less than 5 minutes, or tie up at Assateague Island and enjoy a picnic while watching for wild ponies, sunbathing and swimming. There is no other location in Ocean City like this unique property with all of it's amenities situated at the southernmost tip of Ocean City just a few hundred yards from the inlet leading to the Atlantic Ocean. Don't miss this opportunity. Last year the condo generated in excess of $16000.00 gross rental income with the seller holding back some weeks for their personal use. The boat slip generated an additional $8500.00 rental income.

Details

Property type

Condominium

Lot size

Unknown

Price per sq ft

$778

Year built

1987

Annual property taxes

$3,243

HOA

No

Price History

03/30/2025
Bright

Bright #MDWO2029792

Listed
$525,000
+163.82%
09/18/2015
Bright

Bright #1000557298

Sold
$199,000

Schools & Community

Neighborhood: 

Boardwalk/Inlet

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

School district: 

WORCESTER COUNTY PUBLIC SCHOOLS

Status: Active

Tomo last checked: 04/01/2025 at 4:00 PM

Listing updated: 03/31/2025 at 8:26 PM

Listed by: Joyce Melbourne Husman, Berkshire Hathaway HomeServices PenFed Realty - OP Phone #: (410) 208-3500

MLS: Bright #MDWO2029792

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