• 5 87th Street #303 301 OCEAN CITY, MD 21842

  • $3,250,000
  • 10
    Bed(s)
  • 8.5
    Baths
  • 2,622
    Sq Ft

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!

Property Type :

Residential

Subdivision :

None Available

County :

WORCESTER

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 10

Master Bedroom Level: 10

Bathroom Information

Total Baths: 10

Full Baths: 8

Half Baths: 2

Laundry Source

Laundry Type : Has Laundry,Washer In Unit,Dryer In Unit

Water/Sewer

Water Source : Public

Room Information

Patio/Porch Features: Balcony,Terrace,Wrap Around

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,Walk-in Closet(s),Window Treatments,Tub Shower,Upgraded Countertops,Wine Storage

Roof : Asphalt

Property Amenities: Common Grounds,Picnic Area,Reserved/Assigned Parking

Property Appliances: Dryer - Electric,Energy Efficient Appliances,Icemaker,Refrigerator,Stainless Steel Appliances,Washer,Water Heater,Oven - Single,Cooktop,Built-In Microwave,Disposal

Roofing Information

Asphalt

Equipment Information

None

Heating & Cooling

Cooling: Ceiling Fan(s),Central A/C,Heat Pump(s)

Heating: Heat Pump(s)

Cooling Fuel: Electric

Heating Fuel: Electric

Window Information

Window Treatments: Sliding,Insulated

Building Information

Year Built: 2007

Structure: Unit/Flat/Apartment

Major Appliances: Dryer - Electric,Energy Efficient Appliances,Icemaker,Refrigerator,Stainless Steel Appliances,Washer,Water Heater,Oven - Single,Cooktop,Built-In Microwave,Disposal

New Construction: No

Total Floors: 1

Total Units: 9

Built: 2007

Construction Material: Masonry,Vinyl Siding

Security System: Sprinkler System - Indoor

Amenities: Common Grounds,Picnic Area,Reserved/Assigned Parking

Roof: Asphalt

Foundation/Basement: Pillar/Post/Pier

Architecture: Unit/Flat

Pool/Private: No Pool

Roof Type: Asphalt

Exterior Features

Utilities: Cable TV

Building Name: St Kitts

Pool Information

Pool: No Pool

Amenities

Common Grounds,Picnic Area,Reserved/Assigned Parking

Utility Features

Sewer: Public Septic

Water

Water Heat: Electric

Lot Information

Dimensions: 0.00 x 0.00

Architectural Style: Unit/Flat

Stories Total: 4

Property Information

SQ ft: 5,347

SQ ft (Living Area): 5,347

View: Ocean,Bay

Subdivision: NONE AVAILABLE

Financing: Cash,Conventional

Appx. Lot Dimensions: 0.00 x 0.00

New Construction: No

Type: Unit/Flat

Listing Information

Possession: 0-30 Days CD

Common/Club Amenities: Common Grounds,Picnic Area,Reserved/Assigned Parking

Days Of Market: 279

Lease Information

Lease Considered: No

Tax Information

Annual Tax: $8,575

Tax Year: 2023

Total Taxes Payment Frequency: Annually

Terms/Deposits/Fees

Condo Fees: $6,280

Assoc Fee Freq: $Quarterly

Possession

0-30 Days CD

Assessment Information

Taxes Assessment Amount: $608,300

Virtual Tour

Parking Information

Total Parking Spaces: 18

Parking Space # Assigned: 18

Parking Space # Assigned: 6

Parking Type: Parking Garage

Parking Features: Assigned

Has Garage: Y

Garage Type: Covered Parking

Garage Space: 18

Multi-Unit Information

Acceptable Financing: Cash,Conventional

Roof: Asphalt

Unit: 303 & 301

Homeowners Association Information

Association Fee 2: $6,280

HOA Fee Frequency: Quarterly

Other Fee Frequency: Quarterly

Direction: Coastal Hwy to 87th Street building is on the south side of 87th st

School Information

Elementary School: OCEAN CITY

Middle OR Junior School: BERLIN INTERMEDIATE SCHOOL

High School: STEPHEN DECATUR

School District: WORCESTER COUNTY PUBLIC SCHOOLS

Utility Information

Cable TV

Water Source: Public

Sewer: Public Septic

Cooling Fuel: Electric

Heating Fuel: Electric

Hot Water: Electric

Elevators: 1

Location Information

Location Type: Oceanside

Direction: Coastal Hwy to 87th Street building is on the south side of 87th st

Homes around $3,250,000

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
9750 Marthas Landing Ro.., Ocean City, MD,21842 $9,990,000 6 7.5 7,634 17919 Sqft
110 Sand Dollar Lane , Ocean City, MD,21842 $196,500 2 1.0 470 --
12004 Ocean Gateway , Ocean City, MD,21842 $900,000 -- -- 304,920 304920 Sqft
4306 Coastal Highway , Ocean City, MD,21842 $1,950,000 3 2.5 3,448 7150 Sqft
4302 Coastal Highway , Ocean City, MD,21842 $599,000 3 2.0 1,248 3575 Sqft
Blue Marlin , Ocean City, MD,21842 $485,000 -- -- 673,002 673002 Sqft
8240 Wilmington Lane , Ocean City, MD,21842 $855,000 4 3.0 -- --
13444 Madison Avenue , Ocean City, MD,21842 $750,000 3 2.0 2,000 5000 Sqft
10539 Sussex Road , Ocean City, MD,21842 $1,995,000 4 3.5 -- 28401 Sqft
12918 Charles Street , Ocean City, MD,21842 $199,900 -- -- 5,250 5250 Sqft

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ByOwner last updated this listing 05/19/2024 @ 04:45

MLS: MDWO2015358
LISTED BY: Jenny Sheppard , Sheppard Realty Inc
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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