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$3,250,000

Beds
10
Baths
9.0
sq ft
5,347

5 87th St Unit 303, Ocean City, MD 21842

5 87th St Unit 303

OCEAN CITY, MD 21842

  • 482 days on market
    • Price drop $250,000↓
Unique opportunity to own 2 units in the rarely available St. Kitts building fittingly named "Sunrise" & "Sunset." Each spacious unit has 5 bedrooms and 4.5 baths, new HVAC units, newly replaced sliding doors, and surround sound featured in the open living areas as well as wrap around balconies with views of the beach, Atlantic Ocean & Assawoman Bay. The condos have 6 covered assigned spaces, 3 per unit, for no hassle parking and a building elevator for ease of trips to and from the beach. "Sunrise" Unit 303, has been an occasional summer retreat for the current owners and is approximately 2622 sq. ft. and will convey with most furniture. The Gourmet kitchen features granite counters, plenteous kitchen cabinets , built in wine cooler & icemaker, the granite island conveniently offers a cooktop & vented stainless steel range hood so you can prepare a feast while socializing with your guests. The living area has aesthetically pleasing cork flooring, sliding doors and windows galore allowing an abundant of natural sunlight with views of the ocean. "Sunset" Unit 301, at 2722 sq ft, is a proven high income producing rental that is being offered turn key/ fully furnished so all you have to do it start collecting the rental income. Sunset also features LVP flooring, granite counters & island, tray ceilings as well as sliders and windows galore. In between the twin units sits a beautifully decorated terrace perfect for entertaining and or family gatherings. This is an incredible offering to allow large families or great travel friends to own together in one of the most desirable garden style condo buildings in town or an incredible investment opportunity that could bring in over $280+- in gross rental income per year. Or you may just want to keep one for personal use and rent the other, either way this is an opportunity that doesn't come around often and will not be around for long!

Details

Property type

Condominium

Lot size

Unknown

Price per sq ft

$608

Year built

2007

Annual property taxes

$8,856

HOA

No

Price History

05/07/2024
Bright

Bright #MDWO2015358

Listed
$3,250,000

Schools & Community

Elementary school: 

OCEAN CITY

Middle school: 

BERLIN INTERMEDIATE SCHOOL

High school: 

STEPHEN DECATUR

School district: 

WORCESTER COUNTY PUBLIC SCHOOLS

Status: Active

Tomo last checked: 11/22/2024 at 12:05 PM

Listing updated: 09/21/2024 at 3:46 PM

Listed by: Jenny Sheppard, Sheppard Realty Inc Phone #: (410) 213-1265

MLS: Bright #MDWO2015358

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