Property

Ocean City, MD 21842 5 87Th Street # 303 & 301

5 87Th Street # 303 & 301 Ocean City, MD - Image 15 87Th Street # 303 & 301 Ocean City, MD - Image 25 87Th Street # 303 & 301 Ocean City, MD - Image 3
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Presented By: Sheppard Realty Inc
  • MLS# MDWO2015358
  • 07/29/2023
  • Request Tour
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  • Beds • 10
  • Full/Half Baths • 8 / 2
  • SQFT • 5,347
  • Garage • 18

Home Details

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!
Presented By: Sheppard Realty Inc

Interior Features for 5 87Th Street # 303 & 301

Bedrooms

Main Level Bedrooms10
Total Bedrooms10

Bathrooms

Bathrooms Half Main Level2
Half Baths2
Total Baths10

Other Interior Features

LivingAreaSourceEstimated
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area5347
Above Grade Finished Area SourceEstimated
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Below Grade Finished Area0
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile, Luxury Vinyl Plank, Carpet
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Laundry TypeHas Laundry, Washer In Unit, Dryer In Unit
Number of Elevators1
Total Stories4
Window FeaturesSliding, Insulated

Other Rooms

Entry Level3

General for 5 87Th Street # 303 & 301

Acceptable FinancingCash, Conventional
AccessibilityNone
AppliancesDryer - Electric, Energy Efficient Appliances, Icemaker, Refrigerator, Stainless Steel Appliances, Washer, Water Heater, Oven - Single, Cooktop, Built-In Microwave, Disposal
Architectural StyleUnit/Flat
Association AmenitiesCommon Grounds, Picnic Area, Reserved/Assigned Parking
Association Fee IncludesAll Ground Fee, Insurance, Management, Reserve Funds, Snow Removal
AssociationName2OC Management Real Estate Management Inc
Bathrooms Count Main Level10.00
Bathrooms Full Main Level8
Building NameSt Kitts
CityOCEAN CITY
Condo/Coop Association Y/NYes
Construction MaterialsMasonry, Vinyl Siding
Cool FuelElectric
CoolingCeiling Fan(s), Central A/C, Heat Pump(s)
CountyWORCESTER
DirectionsCoastal Hwy to 87th Street building is on the south side of 87th st
DisclosuresFlood Insurance Required, Flood Zone, Prop Disclaimer
Exclusionsa few in 303, personal items, art work, a few pieces of furniture
FULLCondominium
Facing DirectionNorth
Floors In Unit Count1
Full Baths8
Garage Spaces18.00
Garage Y/NYes
HOANo
HOA Fee 26280.00
HOA Fee 2 FrequencyQuarterly
HeatingHeat Pump(s)
Historic Y/NNo
Home Warranty Y/NNo
Interior FeaturesBar, 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
Lease Considered Y/NNo
Legal SubdivisionST KITTS CONDOS
Levels1
Location TypeOceanside
MLS AreaOcean Block (82)
ModificationTimestamp2024-11-29T15:46:59
MunicipalityOcean City
New ConstructionNo
NumberOfUnitsTotal9
Other StructuresAbove Grade, Below Grade
Patio/Porch FeaturesBalcony, Terrace, Wrap Around
Possession0-30 Days CD
Price Per Sq Ft Total AG607.82
Property ConditionExcellent
Property TypeResidential
RoofAsphalt
School DistrictWORCESTER COUNTY PUBLIC SCHOOLS
Security FeaturesSprinkler System - Indoor
Senior Community Y/NNo
SewerPublic Septic
Standard StatusActive
StatusACTIVE
Structure TypeUnit/Flat/Apartment
Subdivision NameNONE AVAILABLE
Tax Annual Amount8856.0
Tax Assessed Value632767.0
Tax Lot303 & 301
Tax Year2024
Total Actual Rent100000.00
Total SQFT5347
TransportationBus Stop less than 1 mile
Unit Number303 & 301
UtilitiesCable TV
Vacation Rental Y/NYes
ViewOcean, Bay
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built2007
Year Built SourceAssessor
ZoningR1

Exterior for 5 87Th Street # 303 & 301

# of Assigned Spaces6
Door FeaturesInsulated, Sliding Glass
Foundation DetailsPillar/Post/Pier
Garage FeaturesCovered Parking
InclusionsUnit 301 comes fully furnished, 303 mostly furnished units are being sold together
Land Use CodeU
Lot Dimensions0.00 x 0.00
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Other EquipmentNone
Parking FeaturesAssigned
Parking Garage - # of Spaces18
PoolNo Pool
SpaNo
Total Parking Spaces18
Type of ParkingParking Garage
Water Body TypeOcean
Water Oriented Y/NYes
Water SourcePublic
Water View Y/NYes

Additional Details

Price History

Schools

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

Fabiane Farias

Associate
Price $3,250,000
MLS#MDWO2015358
List Date 07/29/2023
Property Type Condos
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