$1,750,000

5 87th St Unit 303 Ocean City, MD 21842

Estimated payment $11,064/month

Total Views 57,456
5 Beds
4.5 Baths
2,622 Sq Ft
$667 Price per Sq Ft

Highlights

  • Gourmet Kitchen
  • Open Floorplan
  • Terrace
  • Ocean City Elementary School Rated A
  • Main Floor Bedroom
  • Stainless Steel Appliances

About This Home

This spacious unit, just steps to the beach, 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. "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 and bay. 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.

Listing Agent

Jenny Sheppard

(443) 783-0299 jennysoldit@aol.com Sheppard Realty Inc License #RB-0020887 Listed on: 11/07/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,856

Year Built

  • Built in 2007

HOA Fees

  • $1,047 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 2,622 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Central Vacuum
  • Partially Furnished
  • Sound System
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Windows
  • Sliding Doors
  • Insulated Doors
  • Family Room Off Kitchen
  • Combination Dining and Living Room

Kitchen

  • Gourmet Kitchen
  • Stove
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Ceramic Tile
  • Luxury Vinyl Plank Tile

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
  • Parking Space Conveys

Schools

  • Buckingham Elementary School
  • Stephen Decatur Middle School
  • Stephen Decatur High School

Utilities

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

Additional Features

  • Accessible Elevator Installed
  • Terrace
  • Property is in excellent condition
  • Flood Risk

Listing and Financial Details

  • Tax Lot 303
  • Assessor Parcel Number 2410760852

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

$8,856

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
  • Exclusions: some artwork and furniture pieces
  • Inclusions: most furnishings
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2007
  • Remarks Public: This spacious unit, just steps to the beach, 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. "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 and bay. 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.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Icemaker, Microwave, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater, Range Hood
  • Entry Floor: 3
  • Flooring Type: Ceramic Tile, Luxury Vinyl Plank
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Sound System, Central Vacuum
  • Window Features: Insulated
  • Fireplace: No
  • Door Features: Insulated, Sliding Glass
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 2622
  • Living Area Sq Ft: 2622
  • Price Per Sq Ft: 667.43
  • Above Grade Finished Sq Ft: 2622
  • 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: Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Parking Space Conveys, Under Home Parking
  • 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: BUCKINGHAM
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138066543
  • School District Source: 3rd Party
  • Elementary School: BUCKINGHAM
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Terrace
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: R
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Tax Annual Amount: 8856.00
  • Assessor Parcel Number: 2410760852
  • Tax Lot: 303
  • 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

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 $8,829 $657,233 $0 $0
2024 $8,829 $632,767 $0 $0
2023 $8,575 $608,300 $304,100 $304,200
2022 $8,549 $608,300 $304,100 $304,200
2021 $8,596 $608,300 $304,100 $304,200
2020 $8,595 $608,300 $304,100 $304,200
2019 $8,654 $608,300 $304,100 $304,200
2018 $8,567 $608,300 $304,100 $304,200
2017 $10,000 $707,900 $0 $0
2016 -- $692,167 $0 $0
2015 $9,659 $676,433 $0 $0
2014 $9,659 $660,700 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 For Sale $1,750,000 0.0% $667 / Sq Ft
03/05/2025 03/05/25 Off Market $1,750,000 -- --
07/24/2024 07/24/24 For Sale $1,750,000 0.0% $667 / Sq Ft
05/08/2024 05/08/24 Off Market $1,750,000 -- --
05/07/2024 05/07/24 For Sale $1,750,000 0.0% $667 / Sq Ft
11/07/2023 11/07/23 For Sale $1,750,000 -- $667 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Gift Deed -- Katz Lawrence A
Deed $1,050,000 --
Source: Public Records

Source: Bright MLS

MLS Number: MDWO2017508

Bright MLS

APN: 10-760852

Maryland Worcester County Ocean City 21842

5 87th St Unit 303, Ocean City, MD

This home is located at 5 87th St Unit 303, Ocean City, MD 21842 and is currently priced at $1,750,000, approximately $667 per square foot. This property was built in 2007. 5 87th St Unit 303 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
(667) 220-8842