Unit/Flat

5 87TH STREET 303 & 301

OCEAN CITY , MD 21842

MLS#: MDWO2015358

$3,250,000

Status: Active
Listing number: MDWO2015358
Listing provided by: Sheppard Realty Inc
Listing agent phone: None
Last update: 4 months ago
On site: 5 months ago
Browse Properties
NONE AVAILABLE - Residential

Property

Beds

10

Full Baths

8

1/2 Baths

2

Year Built

2007

Sq.Footage

5,347

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!

Features & Amenities

Interior

  • Other Interior Features

    Bar, Ceiling Fan(s), Kitchen Island, Recessed Lighting, Walk-In Closet(s), Open Floorplan, Soaking Tub

  • Total Bedrooms

    10

  • Bathrooms

    8

  • 1/2 Bathrooms

    2

  • Above Grade Finished Area

    5347.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Heat Pump, Ceiling Fan(s), Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Heat Pump

  • Main Level Bedrooms

    10

Exterior

  • Garage

    Yes

  • Garage spaces

    18

  • Construction Materials

    Vinyl Siding

  • Other Exterior Features

    Balcony

  • Parking

    Assigned, Garage, Covered

  • Patio and Porch Features

    Terrace, Wrap Around

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

  • View

    Water, Ocean, Bay

Area & Lot

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    Unit/Flat

Price

  • Sales Price

    $3,250,000

  • Tax Amount

    8856.0

  • Sq. Footage

    5, 347

  • Price/SqFt

    $607

HOA

  • Association

    NO

School District

  • Elementary School

    OCEAN CITY

  • Middle School

    BERLIN INTERMEDIATE SCHOOL

  • High School

    STEPHEN DECATUR

Property Features

  • Stories

    4

  • Association Amenities

    Picnic Area

  • Foundation Details

    Pillar/Post/Pier

  • Senior Community YN

    NO

  • Sewer

    Septic Tank

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Location

County

WORCESTER

Elementary School

OCEAN CITY

Middle School

BERLIN INTERMEDIATE SCHOOL

High School

STEPHEN DECATUR

Listing Courtesy of Jenny Sheppard , Sheppard Realty Inc

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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!

5 87TH STREET 303 & 301

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