$3,250,000

5 87th St Unit 303 & 301 Ocean City, MD 21842

Estimated payment $20,062/month

Total Views 52,829
10 Beds
10 Baths
5,347 Sq Ft
$608 Price per Sq Ft

Highlights

  • Ocean View
  • Water Oriented
  • Gourmet Kitchen
  • Ocean City Elementary School Rated A
  • Oceanside
  • Open Floorplan

About This Home

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!

Listing Agent

Jenny Sheppard

(443) 783-0299 jennysoldit@aol.com Sheppard Realty Inc License #RB-0020887 Listed on: 07/29/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,856

Year Built

  • Built in 2007

Lot Details

  • North Facing Home
  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $2,093 Monthly HOA Fees

Parking

  • 18 Assigned Parking Garage Spaces

Property Views

  • Ocean
  • Bay

Home Design

  • Entry on the 3rd floor
  • Pillar, Post or Pier Foundation
  • Asphalt Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 5,347 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Bar
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Windows
  • Window Treatments
  • Sliding Windows
  • Sliding Doors
  • Insulated Doors
  • Family Room Off Kitchen
  • Combination Dining and Living Room

Kitchen

  • Gourmet Kitchen
  • Oven
  • Cooktop
  • Built-In Microwave
  • Ice Maker
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Wine Rack
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 10 Main Level Bedrooms
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Electric Dryer
  • Washer

Home Security

Outdoor Features

  • Water Oriented
  • Oceanside
  • Balcony
  • Terrace
  • Wrap Around Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Public Septic
  • Cable TV Available

Additional Features

  • Energy-Efficient Appliances
  • Flood Risk

Listing and Financial Details

  • Tax Lot 303 & 301
  • Assessor Parcel Number 2410760852 & 241076084

Community Details

Overview

  • Association fees include all ground fee, insurance, management, reserve funds, snow removal
  • 9 Units
  • 1 Elevator
  • Low-Rise Condominium
  • Oc Management Real Estate Management Inc Condos
  • St Kitts Community
  • Property Manager

Amenities

  • Picnic Area
  • Common Area

Pet Policy

  • Breed Restrictions

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,856

Year Built

Built in 2007

Lot Details

0

HOA Fees

$2,093 per month

Parking

18

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: a few in 303, personal items , art work , a few pieces of furniture
  • Historic: No
  • Inclusions: Unit 301 comes fully furnished , 303 mostly furnished units are being sold together
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-07-29
  • Federal Flood Zone: Yes
  • Year Built: 2007
  • Building Winterized: No
  • Remarks Public: 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!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dryer - Electric, Energy Efficient Appliances, Icemaker, Refrigerator, Stainless Steel Appliances, Washer, Water Heater, Oven - Single, Cooktop, Built-In Microwave, Disposal
  • Entry Floor: 3
  • Flooring Type: Ceramic Tile, Luxury Vinyl Plank, Carpet
  • Interior Amenities: 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
  • Window Features: Sliding, Insulated
  • Fireplace: No
  • Door Features: Insulated, Sliding Glass
  • Elevators Count: 1
  • Foundation Details: Pillar/Post/Pier
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Has Laundry, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 5347
  • Living Area Sq Ft: 5347
  • Price Per Sq Ft: 607.82
  • Above Grade Finished Sq Ft: 5347
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 10
  • Main Level Bedrooms: 10
  • Total Bathrooms: 10
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Main Level Bathrooms: 10.00
  • Main Level Full Bathrooms: 8
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry, Vinyl Siding
  • Roof: Asphalt
  • Spa: No
  • View: Ocean, Bay
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 18.00
  • Assigned Spaces Count: 6
  • Garage: Yes
  • Parking Features: Assigned
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 18
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 18

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
  • Security: Sprinkler System - Indoor
  • Sewer/Septic System: Public Septic
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 6280.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: OC Management Real Estate Management Inc
  • HOA Condo Co-Op Amenities: Common Grounds, Picnic Area, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Insurance, Management, Reserve Funds, Snow Removal
  • 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
  • Outdoor Living Structures: Balcony, Terrace, Wrap Around
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: R1
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Breed Restrictions
  • Pets Allowed: Yes
  • Total Actual Rent: 100000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 8856.00
  • Assessor Parcel Number: 2410760852 & 241076084
  • Tax Lot: 303 & 301
  • Tax Total Finished Sq Ft: 2622
  • 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

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 For Sale $3,250,000 0.0% $608 / Sq Ft
03/05/2025 03/05/25 Off Market $3,250,000 -- --
07/24/2024 07/24/24 For Sale $3,250,000 0.0% $608 / Sq Ft
05/08/2024 05/08/24 Off Market $3,250,000 -- --
05/07/2024 05/07/24 For Sale $3,250,000 0.0% $608 / Sq Ft
04/20/2024 04/20/24 Price Changed $3,250,000 -7.1% $608 / Sq Ft
07/29/2023 07/29/23 For Sale $3,500,000 -- $655 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: MDWO2015358

Bright MLS
Maryland Worcester County Ocean City 21842

5 87th St Unit 303 & 301, Ocean City, MD

This home is located at 5 87th St Unit 303 & 301, Ocean City, MD 21842 and is currently priced at $3,250,000, approximately $607 per square foot. This property was built in 2007. 5 87th St Unit 303 & 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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Jenny Sheppard
Listing Agent
Jenny Sheppard
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Sheppard Realty Inc
(410) 498-5941