$1,110,000
SOLD JAN 24, 2025

Adagio 5901 Atlantic Ave Unit 501 Ocean City, MD 21842

3 Beds
3 Baths
1,660 Sq Ft
$998/mo HOA Fee

Recently Sold

$669 Per Sq Ft

3% Below List Price

24 Days on Market

Highlights

  • Home fronts navigable water
  • Water Access
  • Community Indoor Pool
  • Ocean City Elementary School Rated A
  • Fitness Center
  • 1 Fireplace

About This Home

As of January 2025

Rare opportunity to own a DIRECT OCEANFRONT, TOP FLOOR, CORNER UNIT with LARGE WRAP-AROUND BALCONY in one of mid-town’s premier buildings, the Adagio. On the market for the first time in 22 years, this spacious 3 bed/ 3 bath condo features walls of windows and three sliding glass doors that lead to a nearly 1,000 sq. foot balcony overlooking the pristine shoreline below. Enjoy beautiful sunrises every morning, and the warm glow of moonlight in the evening from inside or outside of this beautifully decorated and luxurious beach front condo.

Turn-key and sold fully furnished, this unit has everything you need to enjoy the beach lifestyle...
The white kitchen with granite counter tops provides the family chef all of the conveniences of home and everything needed to prepare delicious meals to enjoy in the large dining area or on the oversized balcony. The living room is a comfortable place for the whole family to gather and includes a media cabinet, sleeper sofa, custom blinds, and, of course, gorgeous views of the ocean! Professionally decorated in an island beach motif, this bright and open space flows beautifully, making every beach day a literal breeze to enjoy.

You’ll wake up to the sights and sounds of the Atlantic Ocean from the primary suite with east-facing slider. The large en-suite bath features dual sinks, a jetted soaking tub, and separate shower. There is also a second en-suite perfect for hosting your guests, allowing them plenty of space and privacy. The generously sized third bedroom is just down the hall from the guest bath that includes a tub/shower combo. Plenty of large closets and a full size laundry make the space very functional for long stays, since you won’t ever want to leave!

Recent upgrades include a new 80 gallon water heater, new washer/dryer, built-in microwave, new living room furniture, and upgraded flooring and fixtures throughout.

The Adagio is located in the heart of it all... walking distance to so many of Ocean City’s most popular dining and entertainment hotspots including Fager’s Island, Macky’s, Alley Oops, and Sky Bar to name a few. You’ll love the convenience of stores, coffee shops, banks, and entertainment options all within short walking distance. Centrally located just blocks to the Rt. 90 bridge for easy access in and out of Ocean City, the building features an Indoor pool/hot tub (open year-round!!). Additional amenities include a fitness center, owner’s-only social room, sun deck, outdoor shower, and two elevators. There is one reserved parking space under the building and a second outdoor parking pass. The building is well-managed and maintained. Strong reserve fund in place. Reserve study is completed.

This is a one-of-a-kind property in an amenity-filled building in the perfect mid-town location. Don’t miss it!

Last Agent to Sell the Property

Tom Polcari

thomas.polcari@sothebysrealty.com Atlantic Shores Sotheby's International Realty Listed on: 12/12/2024

Atlantic Shores Sotheby's International Realty

Co-Listed By

Ryan Haley

(443) 880-8078 ryan@ryanhaley.com Atlantic Shores Sotheby's International Realty License #580256

Last Buyer's Agent

MaryBeth Lewandowski

(301) 775-7155 marybethsellshomes@gmail.com Samson Properties

Samson Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,711

Year Built

  • Built in 2002

Lot Details

  • Home fronts navigable water

HOA Fees

  • $998 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • Parking Lot

Home Design

  • Entry on the 5th floor
  • Stucco

Interior Spaces

  • 1,660 Sq Ft Home
  • Furnished
  • 1 Fireplace
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Water Access
  • Property is near an ocean

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 501
  • Assessor Parcel Number 2410396611

Community Details

Overview

  • Association fees include common area maintenance, insurance, reserve funds, trash, lawn maintenance, management, pool(s), recreation facility, snow removal
  • Mid-Rise Condominium
  • Adagio Condos
  • Adagio Community
  • Property Manager
  • Property has 5 Levels

Amenities

  • Recreation Room
  • Elevator

Recreation

  • Fitness Center
  • Community Pool or Spa Combo
  • Heated Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,711

Year Built

Built in 2002

Lot Details

0

HOA Fees

$998 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Ownership: Fee Simple
  • Exclusions: Personal items. All items in the owners closet, steam cleaner, ninja air fryer, folding card table
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-12-12
  • Federal Flood Zone: No
  • Year Built: 2002
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 5
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 5
  • Basement: No
  • Total Sq Ft: 1660
  • Living Area Sq Ft: 1660
  • Price Per Sq Ft: 692.77
  • Above Grade Finished Sq Ft: 1660
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage, Parking Lot
  • Parking Garage Number Of Spaces: 1
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • 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: 2995.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Adagio
  • HOA Condo Co-Op Amenities: Elevator, Exercise Room, Pool - Indoor, Recreational Center
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Reserve Funds, Trash, Lawn Maintenance, Management, Pool(s), Recreation Facility, Snow Removal
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Heated, Indoor, Pool/Spa Combo

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Pets Allowed: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 9711.00
  • Assessor Parcel Number: 2410396611
  • Tax Lot: 501
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2024
Closed on
Jan 24, 2025
Sold by
Kirn Wayne Alexander and Kirn Katherine Mary
Bought by
Pgh Oc Llc
Seller's Agent
Tom Polcari
Atlantic Shores Sotheby's International Realty
Buyer's Agent
MaryBeth Lewandowski
Samson Properties
List Price
$1,150,000
Sold Price
$1,110,000
Premium/Discount to List
-$40,000
-3.48%
Views
49
Current Estimated Value
$1,066,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,400
Avg. Annual Appreciation
-4.48%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,110,000 Wfg National Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2025 01/24/25 Sold $1,110,000 -3.5% $669 / Sq Ft
01/06/2025 01/06/25 Pending -- -- --
12/12/2024 12/12/24 For Sale $1,150,000 -- $693 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

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 $10,064 $737,033 $0 $0
2024 $9,682 $693,867 $0 $0
2023 $9,145 $650,700 $455,400 $195,300
2022 $9,145 $650,700 $455,400 $195,300
2021 $9,195 $650,700 $455,400 $195,300
2020 $9,033 $650,700 $455,400 $195,300
2019 $9,060 $636,867 $0 $0
2018 $8,775 $623,033 $0 $0
2017 $8,649 $609,200 $0 $0
2016 -- $609,200 $0 $0
2015 $10,279 $609,200 $0 $0
2014 $10,279 $680,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2027168

Bright MLS

APN: 10-396611