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5 87TH Street , 303 & 301

OCEAN CITY, MD 21842
  • $3,500,000
  • STATUS: Active
  • ON SITE: 271 Days
  • ID#: MDWO2015358
$3,500,000
  • 10
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 2
    1/2 BATHS
  • 5,347
    SQFT
  • $655
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2007
County:

School Information

Elementary School:
High School:

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!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Dart Homes | Long & Foster. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-21T09:40:31.47.
www.darthomes.com/homes/141821487
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5 87TH Street , 303 & 301 OCEAN CITY, MD 21842

  • Price: $3,500,000
  • Status: Active
  • On Site: 271 Days
  • ID#: MDWO2015358
10
Beds
8
Baths
2
½ Baths
N/A
Acres
5,347
SQFT
$655
$/SQFT
2007
Built
Neighborhood:
None Available
County:
Worcester
Area:
Ocean Block (82)
Elementary School:
Ocean City
Middle School:
Berlin Intermediate School
High School:
Stephen Decatur
School District:
Worcester County Public Schools
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!
Exterior Features

Architectural Style Unit/Flat Assigned Parking Spaces 6 Construction Materials MasonryVinyl Siding Door Features InsulatedSliding Glass Garage Spaces 18.00 Garage Type Covered Parking Garage YN Yes Location Type Oceanside Other Equipment None Parking Features Assigned Parking Types Parking Garage Patio And Porch Features BalconyTerraceWrap Around Pool No Pool Property Condition Excellent Roof Asphalt Unit Building Type Garden 1 - 4 Floors View OceanBay Water Access YN No Water Body Type Ocean Water View YN Yes Waterfront YN No

Interior Features

Above Grade Fin SQFT 5347 Appliances Dryer - ElectricEnergy Efficient AppliancesIcemakerRefrigeratorStainless Steel AppliancesWasherWater HeaterOven - SingleCooktopBuilt-In MicrowaveDisposal Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ceiling Fan(s)Central A/CHeat Pump(s) Exclusions a few in 303personal itemsart worka few pieces of furniture Fireplace YN No Flooring Ceramic TileLuxury Vinyl PlankCarpet Furnished Yes Heating Heat Pump(s) Heating YN Yes Inclusions Unit 301 comes fully furnished303 mostly furnished units are being sold together Interior Features BarCarpetCeiling Fan(s)Combination Dining/LivingEntry Level BedroomFamily Room Off KitchenFloor Plan - OpenKitchen - GourmetKitchen - IslandRecessed LightingSoaking TubSprinkler SystemWalk-in Closet(s)Window TreatmentsTub ShowerUpgraded CountertopsWine Storage Laundry Type Has LaundryWasher In UnitDryer In Unit Levels 1 Main Level Bedrooms 10 Pets Allowed Breed Restrictions Security Features Sprinkler System - Indoor Spa YN No Unit Floors 1

Property Features

Acceptable Financing CashConventional Accessibility Features None Association Amenities Common GroundsPicnic AreaReserved/Assigned Parking Association Fee Includes All Ground FeeInsuranceManagementReserve FundsSnow Removal Association Fee2 6280.00 Association Fee2 Frequency Quarterly Association YN No Central Air YN Yes Condo YN Yes Cooling Fuel Electric Elevators 1 Entry Level 3 Federal Flood Zone YN Yes Foundation Details Pillar/Post/Pier Heating Fuel Electric Historic YN No Hot Water Electric Lease Considered YN No Municipality Ocean City Navigable Water YN N New Construction YN No Number Of Units Total 9 Original MLSNumber 802501857608 Ownership Interest Condominium Pets Allowed YN Yes Sale Type Standard Senior Community YN No Sewer Public Septic Structure Design Type Unit/Flat/Apartment Tax Annual Amount 8575.00 Tax Lot 303 & 301 Total Actual Rent 100000.00 Transportation Bus Stop less than 1 mile Utilities Cable TV Vacation Rental YN Yes Water Source Public Window Features SlidingInsulated Zoning R1

Listing courtesy of Sheppard Realty Inc: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Dart Homes | Long & Foster. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-21T09:40:31.47.
 
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