5 87th St

Ocean City, MD 21842 View Map $3,500,000 Schedule a Tour
Beds10
Baths8Full21/2
Sq.Ft.5,347
Year2007
Dave Whittington

Dave Whittington

(410) 430-5283

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Status: Active
Property Type:Unit/Flat
MLS #:MDWO2015358
Sq. Feet:5,347
On Site:216 Days
County:Worcester
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!

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$000 Monthly Payment
Loan and interest only.

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Community Information

Address:5 87th St, Ocean City, MD 21842
County:Worcester
Zip Code:21842
Neighborhood:Ocean Block (82)
Building Name:St Kitts

School Information

High School:Stephen Decatur
Elementary School:Ocean City

Architecture

Bedrooms: 10
Bathrooms: 8 Full / 2 Half
Year Built:2007
Stories:1
Style:Unit/Flat
Construction: Masonry, Vinyl Siding
Roofing: Asphalt
Foundation: Pillar/Post/Pier

Features / Amenities

Appliances: Dryer - Electric, Energy Efficient Appliances, Icemaker, Refrigerator, Stainless Steel Appliances, Washer, Water Heater, Oven - Single, Cooktop, Built-In Microwave, Disposal
Interior Features: Bar, Carpet, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting, Soaking Tub, Sprinkler System, Walk-in Closet(s), Window Treatments, Tub Shower, Upgraded Countertops, Wine Storage
# of Units: 9
Unit Floor: 3
Amenities: Common Grounds, Picnic Area, Reserved/Assigned Parking
Exterior Spaces: Balcony, Terrace, Wrap Around
Garage Features: Covered Parking
Type of Parking: Parking Garage
Garage (# of Spaces): 18.00
Air Conditioning: Ceiling Fan(s), Central A/C, Heat Pump(s)
Primary Heat Type: Heat Pump(s)

Property Features

Num. Floors in Condo Bldg.:4
Water Body Type: Ocean
View: Ocean, Bay
Septic: Public Septic
Water: Public
Transportation: Bus Stop less than 1 mile
Municipality: Ocean City

Tax and Financial Info

Property Taxes: $8,575 (paid Annually)
HOA: No
Condo Association: Yes
Condo Fee: $6,280 (paid Quarterly)
Fees Include: All Ground Fee, Insurance, Management, Reserve Funds, Snow Removal

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5 87th St Ocean City,  MD 21842
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Listing Information Last Updated 2/25/2024
Listing provided courtesy of Sheppard Realty Inc.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Dave Whittington are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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