5 87th St Unit 301 Ocean City, MD 21842
Estimated payment $10,115/month
Total Views
31,959
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
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
- Air Source Heat Pump
- 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
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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
Similar Homes in Ocean City, MD
Source: Bright MLS
MLS Number: MDWO2017506
APN: 10-760844
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 5 87th St Unit 303
- 5 87th St Unit 301
- 8500 Coastal Hwy
- 8500 Coastal Hwy
- 8500 Coastal Hwy
- 8500 Coastal Hwy
- 8500 Coastal Hwy
- 8500 Coastal Hwy
- 8500 Coastal Hwy
- 8500 Coastal Hwy
- 8500 Coastal Hwy
- 4 84th St Unit 34
- 4 84th St Unit 2-C6
- 4 84th St Unit 4D (13)
- 4 84th St
- 11 91st St
- 13 91st St Unit 305
- 8810 Mediterranean Dr
- 9007 Coastal Hwy
- 9106 E Biscayne Dr