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

Ocean City, MD, 21842
$ 3,250,000
Bedrooms10 Baths8.2 Sq 5,347

Monthly Estimate*

$ 19,465

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View a Virtual Tour

Condo for sale in Ocean City, MD

for $3,250,000 with 10 bedrooms and 8 full baths, 2 half baths. This 5,347 square foot condo was built in 2007.

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!

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Condo Active

Price

$ 3,250,000

Bedrooms

10

Full Bath

8

Half Bath

2

Property Type

Condo

Taxes

$ 8,856

Style

Unit/Flat

Year Built

2007

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2015358

Features
General
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
Sewer Public Septic
Heating Heat Pump(s)
Cooling Ceiling Fan(s) Central A/C Heat Pump(s)
Utilities Cable TV
Possession 0-30 Days CD
Roof Asphalt
Appliances Dryer - Electric Energy Efficient Appliances Icemaker Refrigerator Stainless Steel Appliances Washer Water Heater Oven - Single Cooktop Built-In Microwave Disposal
Zoning R1
Garage Spaces 18.00
Association Fee Includes All Ground Fee Insurance Management Reserve Funds Snow Removal
Patio/Porch Features Balcony Terrace Wrap Around
Architectural Style Unit/Flat
Security Features Sprinkler System - Indoor
Construction Materials Masonry Vinyl Siding
School District WORCESTER COUNTY PUBLIC SCHOOLS
Exclusions a few in 303 personal items art work a few pieces of furniture
Year Built 2007
View Ocean Bay
Levels 1
Unit Number 303 & 301
Tax Year 2024
FULL Condominium
Cool Fuel Electric
Municipality Ocean City
Building Name St Kitts
Accessibility None
HOA Fee 2 6280.00
County WORCESTER
New Construction N
Property Type Residential
Association Amenities Common Grounds Picnic Area Reserved/Assigned Parking
HOA N
Subdivision Name NONE AVAILABLE
Facing Direction North
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 8
Status ACTIVE
Directions Coastal Hwy to 87th Street building is on the south side of 87th st
City OCEAN CITY
Disclosures Flood Insurance Required Flood Zone Prop Disclaimer
Senior Community Y/N N
NumberOfUnitsTotal 9
MLS Area Ocean Block (82)
Waterfront Y/N N
HOA Fee 2 Frequency Quarterly
Tax Annual Amount 8856.0
Home Warranty Y/N N
Property Condition Excellent
Structure Type Unit/Flat/Apartment
Condo/Coop Association Y/N Y
Bathrooms Full Main Level 8
Bathrooms Count Main Level 10.00
Price Per Sq Ft Total AG 607.82
Acceptable Financing Cash Conventional
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N Y
Virtual Tour https://atlanticexposurellc.hd.pics/5-86th-St/idx
Location Type Oceanside
Standard Status Active
Year Built Source Assessor
Legal Subdivision ST KITTS CONDOS
Tax Lot 303 & 301
Total Actual Rent 100000.00
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Interior
Heating Fuel Electric
Flooring Ceramic Tile Luxury Vinyl Plank Carpet
Hot Water Electric
Total Stories 4
Basement (Y/N) N
Heating Y/N Y
Window Features Sliding Insulated
Fireplace Y/N N
Above Grade Finished Area 5347
Half Baths 2
Central Air Y/N Y
Total Bedrooms 10
Below Grade Finished Area 0
Entry Level 3
Main Level Bedrooms 10
Below Grade Finished Area Unit Type Square Feet
Laundry Type Has Laundry Washer In Unit Dryer In Unit
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 10
Number of Elevators 1
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Exterior
Pool No Pool
Parking Features Assigned
Water Source Public
Inclusions Unit 301 comes fully furnished 303 mostly furnished units are being sold together
Garage Features Covered Parking
Type of Parking Parking Garage
Foundation Details Pillar/Post/Pier
Spa N
Water View Y/N Y
Lot Dimensions 0.00 x 0.00
Water Body Type Ocean
Door Features Insulated Sliding Glass
Other Equipment None
Navigable Water Y/N N
Water Oriented Y/N Y
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Internal Only
Street Number 1 5
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* Excluded Features
List By
Sheppard Realty Inc

Broker

jennysoldit@aol.com

Email

Affordability Calculator

$20,203
Per Month
96%
4%
0%
Monthly Principal & Interest
$19,465
Monthly Property Taxes
$738
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3536051 Elementary School
3536239 Middle School
Stephen Decatur High School High School
Pricing History
DatePricePrice ChangeDescription
4/20/2024$3,250,000 -7.14% Price Down
7/25/2023$3,500,000 Listed Price

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5 87Th Street # 303 & 301, Ocean City, MD, 21842 is a Condo for sale at $3,250,000 with 5,347 sqft. 5 87Th Street # 303 & 301 has 10 bedrooms, 8.2 baths, and was built in 2007. The property's zip code is 21842 which is in Ocean City, MD