Active

5 87th St #303 & 301

Ocean City MD, 21842

$3,500,000


$654.57 per sqft

Active

10 Beds

9 Baths

5,347 sqft

Condo

Built in 2007

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!

MDWO2015358

MLS ID

February 15, 2024

Updated

Map

5 87th St #303 & 301
Ocean City MD, 21842

Interior Features

Total Stories

1


Bedrooms

10 Beds


Bathrooms

9 Baths


Interior Features

Kitchen Island, Bar, Walk-In Closet(s)


Appliances

Cooktop, Disposal, Refrigerator, Ice Maker, Microwave, Oven, Washer, Electric Water Heater, Dryer


Floor Description

Carpet, Ceramic Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s)


Heating

Yes


Heating Description

Heat Pump, Electric

Exterior/Building Features

Exterior Features

Balcony


Architectual Style

Unit/Flat


Roof

Asphalt

School Information

School District

WORCESTER COUNTY PUBLIC SCHOOLS


High School

STEPHEN DECATUR


Elementary School

OCEAN CITY

Other Property Details

Area Name

Ocean City


Taxes

$8,575


Tax Frequency

Annually


Days on Market

156


Association Amenities

Picnic Area


Garage

Yes


Garage Spaces

18


Parking Total

18


View

Yes


View Description

Bay, Water, Ocean


County

WORCESTER


Water Source

Public


Pool

No


Waterfront

Yes


Buyer Agency Compensation

2%

Listed by Jenny Sheppard, with Sheppard Realty Inc
Listing Contact: 4437830299 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/15/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/15/2024 at 10:23 PM UTC

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