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$1,950,000

Beds
3
Baths
2.5
sq ft
3,448

4306 Coastal Hwy, Ocean City, MD 21842

4306 Coastal Hwy

OCEAN CITY, MD 21842

  • Off market
    • Price drop $445,000↓
Don't miss out on this extraordinary and rare opportunity to own 3 lots in the coveted Ocean City! This exclusive package includes two stunning homes nestled on three lots on the ocean block of 43rd street, offering abundant parking space. The main residence at 4306 Coastal Hwy is a gem, featuring 3,448 sq ft, 3 bedrooms, 2 baths, and a spacious open dining and living area that seamlessly connects to a modern kitchen. Enjoy the bright and welcoming atmosphere, relax on the expansive front and back decks, and revel in the ocean breeze. With a 2-car garage, asphalt driveway, and a roof that's just about 5 years old, this home is not only beautiful but also well-maintained. What makes this opportunity truly exceptional is the zoning of the first floor as R-3, currently utilized as a dental office. This opens up possibilities for savvy buyers, whether you're a business owner looking for a prime location or seeking additional rental income. The charming "Cottage" at 4302 Coastal Hwy completes the package with its Ocean City flair. Boasting 3 bedrooms, 2 baths, and a finished loft, this home is perfect for creating lasting memories. The fully fenced backyard, paved for easy maintenance, invites summer cookouts, and the outdoor shower provides a refreshing post-beach rinse. Take advantage of the large shed for storing all your beach essentials and the tree fort for endless enjoyment, whether you're young or just young at heart. This is more than a real estate opportunity; it's a chance to invest in a lifestyle of coastal luxury. Act now and make this remarkable Ocean City haven yours! Rental potential of $50k plus. Live in one and rent the other. **Please note: 4302 Coastal Hwy is also available for sale separately under MLS MDWO2007426**

Details

Property type

Single Family Residence

Lot size

7,150 sq ft

Price per sq ft

$566

Year built

1989

Annual property taxes

$9,461

HOA

No

Price History

06/24/2024

Bright #MDWO2007424

Removed
$1,950,000
01/23/2024

Bright #MDWO2007424

Listed
$1,950,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

WORCESTER COUNTY PUBLIC SCHOOLS

Tracey, Home Search Advisor
Tracey
Home Search Advisor

How can I help? Hi, I’m Tracey, your real estate expert. Send me your questions about this listing or about shopping for homes.

Response time: 20 min or less

or text or call (404) 738-5385

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Sovereign Bank

Loan start date

May 2010

Original loan amount

$417,000

Est. remaining balance

Not provided

Interest rate

4.12%

Loan type

Commercial, 30 year

Seller

John B Eschenburg and Susan P Eschenburg

Lender

Sovereign Bank

Loan start date

May 2010

Original loan amount

$417,000

Est. remaining balance

Not provided

Interest rate

4.12%

Loan type

Commercial, 30 year

Seller

John B Eschenburg and Susan R Eschenburg

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 06/26/2024 at 2:40 PM

Listing updated: 04/18/2024 at 11:52 AM

Listed by: Deeley Chester, Coastal Life Realty Group LLC Phone #: (443) 552-7579

MLS: Bright #MDWO2007424

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