5 87Th Street #303 & 301, Ocean City, MD 21842-2787 $3,250,000

Beds/Baths: 10/8.2
Interior Sq. Ft: 5,347
Acreage:
Age:18 years
Style:
Unit/Flat
MLS#: MDWO2015358
Subdivision: None Available
Design/Type:
Unit/Flat/Apartment

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!

Taxes: $8,856
Home Assoc: No
Condo Assoc: $6,280/Quarterly
Garage: Y
Basement: N
Pool: No Pool
School Dist: Worcester County Public Schools
Elem. School: Ocean City Mid. School: Berlin Intermediate School High School: Stephen Decatur

Features

Water
Water Oriented: Yes; Water Front: No; Water Access: No; Water Body Type: Ocean; Navigable: No;

Utilities
Heat Pump(s), Electric, Ceiling Fan(s), Central A/C, HRV/ERV, Electric, Hot Water - Electric, Public Water, Public Septic, Dryer In Unit, Has Laundry, Washer In Unit, Cable TV

Garage/Parking
Parking Garage, Covered Parking, Assigned Parking

Interior
Bar, Carpet, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Family Room Off Kitchen, Carpet Flooring, Ceramic Tile Flooring, Luxury Vinyl Plank Flooring, Insulated Windows, Sliding Windows, Insulated Doors, Sliding Glass Doors, Sprinkler System - Indoor

Exterior
Pillar/Post/Pier Foundation, Asphalt Roof, Masonry, Vinyl Siding, Balcony, Terrace, Wrap Around Porch/Deck

Lot
Oceanside, Bay View, Ocean View

Contact Information

Listing Courtesy of: Sheppard Realty Inc , (443) 783-0299, jennysoldit@aol.com

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Listing data as of 3/02/2025.