5 87Th Street 303 & 301 Ocean City, MD 21842

$3,250,000
10
Beds
9
Baths
5,347
SQFT
608
$/SQFT
$3,250,000
10
Beds
9
Baths
5,347   sf
$608 / sf
Favorite

active
1/89
virtual tour iconVirtual Tour
Street View

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!

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!

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Worcester
  • Area
    Ocean Block
  • HOA Dues
    $2,093/mo
  • Tax Amount
    $8,856
  • Status
    Active
  • Listing #
    MDWO2015358
  • Built
    2007
  • Listed on site
    478 days
  • Listing Agent Id
    300359859383

Listed by:
Sheppard Realty Inc

Source:
BRIGHT MLS

School Info

Property details

Community Features

  • Has HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

View

  • Bay view
  • Ocean view

Exterior features

  • Balcony
  • Has garage
  • No Pool

Interior Features

  • Carpet Floors
  • Central Air Conditioning
  • Main Floor Bedroom

Style

  • Low Rise

Property History

DateDays AgoEventNew Price
Apr 20, 20247 mos agoPrice decreased250,000 (7%)$3,250,000
Jul 25, 20231 yr agoNew on market$3,500,000
Favorite

Tour This Home

Thu
14Nov
Fri
15Nov
Sat
16Nov
Sun
17Nov
Mon
18Nov
Tue
19Nov
Wed
20Nov
Thu
21Nov
Fri
22Nov
Sat
23Nov
Sun
24Nov
Mon
25Nov
Tue
26Nov
Wed
27Nov
in Person
via Video Call