Homes for sale - 5 87TH ST #301, Ocean City, MD 21842

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$ 1,500,000

Est. payment | -/mo

5 Beds

5 Baths

2,725 SqFt

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$ 1,500,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

5 Baths

2,725 SqFt

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Square Footage 2,725 sqft

Price per Sqft $550

Subdivision None Available

MLS Listing ID MDWO2017506

Style Unit/Flat

Bedrooms 5

Full Baths 4

Half Baths 1

Condo Fees $3,140/qua

HOA Y/N N

Abv Grd Liv Area 2,725

Originating Board BRIGHT

Year Built 2007

Annual Tax Amount $9,026

Tax Year 2024

Lot Dimensions 0.00 x 0.00

Property Description

This amazing spacious unit has 5 bedrooms and 4.5 baths, new HVAC unit, 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 condo has 3 covered assigned spaces, for no hassle parking and a building elevator for ease of trips to and from the beach. "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. To the east of this unit 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 $100k+- in gross rental income per year per unit

Location

State MD

County Worcester

Area Ocean Block (82)

Zoning R

Rooms

Main Level Bedrooms 5

Interior

Interior Features Bar, Ceiling Fan(s), Central Vacuum, Combination Dining/Living, Dining Area, Elevator, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Window Treatments

Hot Water Electric

Heating Heat Pump(s)

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

Equipment Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater

Furnishings Yes

Fireplace N

Appliance Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater

Heat Source Electric

Laundry Dryer In Unit, Washer In Unit

Exterior

Garage Spaces 3.0

Amenities Available None

Water Access N

Accessibility Elevator

Total Parking Spaces 3

Garage N

Building

Story 4

Unit Features Garden 1 - 4 Floors

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat

Level or Stories 4

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Ocean City

Middle Schools Berlin Intermediate School

High Schools Stephen Decatur

School District Worcester County Public Schools

Others

Pets Allowed N

HOA Fee Include Ext Bldg Maint,Insurance,Management

Senior Community No

Tax ID 2410760844

Ownership Condominium

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Jenny Sheppard • Sheppard Realty Inc

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(973) 337-6475

hello@burgosrealty.com

209 Cooper Avenue, Montclair, New Jersey, 07043, USA

5 87TH ST #301 Ocean City, MD 21842