Price Reduction - Water Views
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
Taxes
Visits
Year Built
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