$1,500,000

5 87th St Unit 301 Ocean City, MD 21842

Estimated payment $10,012/month

Total Views 35,707
5 Beds
4.5 Baths
2,725 Sq Ft
$550 Price per Sq Ft

Highlights

  • Gourmet Kitchen
  • Open Floorplan
  • Furnished
  • Ocean City Elementary School Rated A
  • Main Floor Bedroom
  • Upgraded Countertops

About This Home

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

Listing Agent

Jenny Sheppard

Sheppard Realty Inc License #RB-0020887 Listed on: 11/07/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,026

Year Built

  • Built in 2007

HOA Fees

  • $1,047 Monthly HOA Fees

Home Design

  • Cement Siding

Interior Spaces

  • 2,725 Sq Ft Home
  • Property has 4 Levels
  • Open Floorplan
  • Central Vacuum
  • Furnished
  • Bar
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Gourmet Kitchen
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • En-Suite Bathroom

Laundry

  • Laundry in unit
  • Electric Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Lot

Schools

  • Ocean City Elementary School
  • Berlin Intermediate School
  • Stephen Decatur High School

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Tax Lot 301
  • Assessor Parcel Number 2410760844

Community Details

Overview

  • Association fees include exterior building maintenance, insurance, management
  • Low-Rise Condominium
  • St Kitts Community

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,026

Year Built

Built in 2007

Lot Details

0

HOA Fees

$1,047 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2007
  • Remarks Public: 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
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
  • Entry Floor: 3
  • Interior Amenities: 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
  • Fireplace: No
  • Levels Count: 4
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 2725
  • Living Area Sq Ft: 2725
  • Price Per Sq Ft: 550.46
  • Above Grade Finished Sq Ft: 2725
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 5.00
  • Main Level Full Bathrooms: 4
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cement Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3140.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Insurance, Management
  • HOA: No
  • Senior Community: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: BERLIN INTERMEDIATE SCHOOL
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: BERLIN INTERMEDIATE SCHOOL

Lot Info

  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2024
  • Zoning: R
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 9026.00
  • Assessor Parcel Number: 2410760844
  • Tax Lot: 301
  • Tax Total Finished Sq Ft: 2725
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,999 $676,700 $0 $0
2024 $8,999 $644,900 $0 $0
2023 $8,616 $613,100 $306,500 $306,600
2022 $8,616 $613,100 $306,500 $306,600
2021 $8,664 $613,100 $306,500 $306,600
2020 $8,662 $613,100 $306,500 $306,600
2019 $8,722 $613,100 $306,500 $306,600
2018 $8,635 $613,100 $306,500 $306,600
2017 $10,085 $713,900 $0 $0
2016 -- $713,900 $0 $0
2015 $10,562 $713,900 $0 $0
2014 $10,562 $713,900 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 For Sale $1,500,000 0.0% $550 / Sq Ft
03/05/2025 03/05/25 Off Market $1,500,000 -- --
07/24/2024 07/24/24 For Sale $1,500,000 0.0% $550 / Sq Ft
05/08/2024 05/08/24 Off Market $1,500,000 -- --
05/07/2024 05/07/24 For Sale $1,500,000 0.0% $550 / Sq Ft
04/20/2024 04/20/24 Price Changed $1,500,000 -14.3% $550 / Sq Ft
11/07/2023 11/07/23 For Sale $1,750,000 -- $642 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Gift Deed -- --
Deed $1,040,000 --
Source: Public Records

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See All Homes in Ocean City

Source: Bright MLS

MLS Number: MDWO2017506

Bright MLS

APN: 10-760844

Maryland Worcester County Ocean City 21842

5 87th St Unit 301, Ocean City, MD

This home is located at 5 87th St Unit 301, Ocean City, MD 21842 and is currently priced at $1,500,000, approximately $550 per square foot. This property was built in 2007. 5 87th St Unit 301 is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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Nearby Homes
Jenny Sheppard
Listing Agent
Jenny Sheppard
Section Image
Sheppard Realty Inc
(410) 505-7494