Price Reduction - Water Views
Listed By:
Sheppard Realty Inc
Address
5 87Th Street # 303 & 301, Ocean City, MD
Price
$ 3,250,000
Property Attributes
  • MLS#MDWO2015358
  • TypeCondos
  • CountyWORCESTER
  • CityOcean City
  • AreaOcean Block
  • Zip21842
  • StyleUnit/Flat
  • Year Built2007
  • Taxes$ 8575
  • Price$ 3,250,000
  • Bedrooms10
  • Full Bathrooms8
  • Half Bathrooms2
  • Sqr Footage5347
Data Source:
Bright MLS
Property Description

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!

Elementary School Middle School High School
Ocean City Elementary School Berlin Intermediate School Middle School Stephen Decatur High School
Price History
7/25/2023 Listed $3,500,000
4/20/2024 8% - $3,250,000

General Features

Interior Features Bar,Carpet,Ceiling Fan(s),Combination Dining/Living,Entry Level Bedroom,Family Room Off Kitchen,Floor Plan - Open,Kitchen - Gourmet,Kitchen - Island,Recessed Lighting,Soaking Tub,Sprinkler System,Wal
Sewer Public Septic
Heating Heat Pump(s)
Cooling Ceiling Fan(s),Central A/C,Heat Pump(s)
Utilities Cable TV
Possession 0-30 Days CD
Roof Asphalt
Appliances Dryer - Electric,Energy Efficient Appliances,Icemaker,Refrigerator,Stainless Steel Appliances,Washer,Water Heater,Oven - Single,Cooktop,Built-In Microwave,Disposal
Zoning R1
Garage Spaces 18.00
Association Fee Includes All Ground Fee,Insurance,Management,Reserve Funds,Snow Removal
Patio/Porch Features Balcony,Terrace,Wrap Around
Architectural Style Unit/Flat
Security Features Sprinkler System - Indoor
Construction Materials Masonry,Vinyl Siding
Exclusions a few in 303,personal items,art work,a few pieces of furniture
Year Built 2007
View Ocean,Bay
Levels 1
Unit Number 303 & 301
Tax Year 2023
Percent Ownership Condominium
Cool Fuel Electric
Building Name St Kitts
Accessibility None
HOA Fee 2 6280.00
County WORCESTER
New Construction No
Property Type Residential
Association Amenities Common Grounds,Picnic Area,Reserved/Assigned Parking
HOA / Comm Assn No
Subdivision Name NONE AVAILABLE
Facing Direction North
Garage Y/N Yes
Water Access Y/N No
Other Structures Above Grade,Below Grade
Transportation Bus Stop less than 1 mile
Status ACTIVE
Directions Coastal Hwy to 87th Street building is on the south side of 87th st
ModificationTimestamp 2024-05-07T16:31:05
City OCEAN CITY
Buyer Agent Compensation 2
Disclosures Flood Insurance Required,Flood Zone,Prop Disclaimer
Senior Community Y/N No
Total Units 9
MLS Area Ocean Block (82)
Tax Assessed Value 608300.0
Waterfront Y/N No
Street Name 87TH
HOA Fee 2 Frequency Quarterly
Tax Annual Amount 8575.0
Home Warranty Y/N No
Property Condition Excellent
Structure Type Unit/Flat/Apartment
Floors In Unit Count 1
Condo/Coop Association Y/N Yes
Bathrooms Full Main Level 8
Bathrooms Count Main Level 10.00
Price Per Sq Ft 607.82
Acceptable Financing Cash,Conventional
Historic Y/N No
Lease Considered Y/N No
Vacation Rental Y/N Yes
Virtual Tour https://atlanticexposurellc.hd.pics/5-86th-St/idx
Total SQFT 5347
Days on Market 278
Location Type Oceanside
AssociationName2 OC Management Real Estate Management Inc
Standard Status Active
Year Built Source Assessor
Legal Subdivision ST KITTS CONDOS
Tax Lot 303 & 301
Total Actual Rent 100000.00
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Electric
Flooring Ceramic Tile,Luxury Vinyl Plank,Carpet
Hot Water Electric
Total Stories 4
Basement (Y/N) No
Heating Y/N Yes
Window Features Sliding,Insulated
Fireplace Y/N No
Above Grade Finished Area 5347
Full Baths 8
Half Baths 2
Street Suffix STREET
Central Air Y/N Yes
Total Bedrooms 10
Entry Level 3
Main Level Bedrooms 10
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Estimated
Laundry Type Has Laundry,Washer In Unit,Dryer In Unit
Below Grade Unfin Area Units Square Feet
Below Grade Unfin SQFT Source Assessor
Below Grade Finished Area Source Assessor
Bathrooms Half Main Level 2
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 10
Number of Elevators 1

Exterior Features

Pool Y/N No Pool
Parking Features Assigned
Water Source Public
Inclusions Unit 301 comes fully furnished,303 mostly furnished units are being sold together
Total Parking Spaces 18
Garage Features Covered Parking
Type of Parking Parking Garage
Land Use Code U
Foundation Details Pillar/Post/Pier
Spa No
Water View Y/N Yes
# of Assigned Spaces 6
Lot Dimensions 0.00 x 0.00
Water Body Type Ocean
Door Features Insulated,Sliding Glass
Other Equipment None
Navigable Water Y/N No
Water Oriented Y/N Yes
LotDimensionsSource Assessor
Parking Garage - # of Spaces 18

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in 21842

Price
AVG $490K
$3.25M
Taxes
AVG $3,676
$8,575
Visits
AVG 197
82
Data Provided by Inside Real Estate®
Year Built
AVG 1985
2007

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