Homes for sale - 5 87TH ST #303 & 301, Ocean City, MD 21842

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James Balletto

balletto.j@gmail.com +1(609) 349-2987

$ 3,250,000

Est. payment | -/mo

10 Beds

10 Baths

5,347 SqFt

Save Virtual Tour

$ 3,250,000

Est. payment | -/mo

Save Virtual Tour

10 Beds

10 Baths

5,347 SqFt

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Square Footage 5,347 sqft

Price per Sqft $607

Subdivision None Available

MLS Listing ID MDWO2015358

Style Unit/Flat

Bedrooms 10

Full Baths 8

Half Baths 2

Condo Fees $6,280/qua

HOA Y/N N

Abv Grd Liv Area 5,347

Originating Board BRIGHT

Year Built 2007

Annual Tax Amount $8,856

Tax Year 2024

Lot Dimensions 0.00 x 0.00

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!

Location

State MD

County Worcester

Area Ocean Block (82)

Zoning R1

Direction North

Rooms

Main Level Bedrooms 10

Interior

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

Hot Water Electric

Heating Heat Pump(s)

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

Flooring Ceramic Tile, Luxury Vinyl Plank, Carpet

Inclusions Unit 301 comes fully furnished , 303 mostly furnished units are being sold together

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

Furnishings Yes

Fireplace N

Window Features Sliding,Insulated

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

Heat Source Electric

Laundry Has Laundry, Washer In Unit, Dryer In Unit

Exterior

Exterior Feature Balcony, Terrace, Wrap Around

Parking Features Covered Parking

Garage Spaces 18.0

Parking On Site 6

Utilities Available Cable TV

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

Water Access N

View Ocean, Bay

Roof Type Asphalt

Accessibility None

Porch Balcony, Terrace, Wrap Around

Total Parking Spaces 18

Garage Y

Building

Story 1

Unit Features Garden 1 - 4 Floors

Foundation Pillar/Post/Pier

Sewer Public Septic

Water Public

Architectural Style Unit/Flat

Level or Stories 1

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 Y

HOA Fee Include All Ground Fee,Insurance,Management,Reserve Funds,Snow Removal

Senior Community No

Tax ID 2410760852 & 241076084

Ownership Condominium

Security Features Sprinkler System - Indoor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Pets Allowed Breed Restrictions

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(609) 349-2987

balletto.j@gmail.com

12 Terry Drive Suite 204, Newtown, Pennsylvania, 18940, United States

5 87TH ST #303 & 301 Ocean City, MD 21842