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5 87th St

Ocean City, MD 21842 View Map $3,500,000 Schedule a Tour

Beds10

Baths8Full21/2

Sq.Ft.5,347

Year2007

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Status: Active

Property Type:Condo

MLS #:MDWO2015358

Sq. Feet:5,347

On Site:140 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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Community Information

Address:5 87th St, Ocean City, MD 21842

Area:Ocean Block (82)

County:Worcester

City:Ocean City

Zip Code:21842

Neighborhood:Ocean Block (82)

Building Name:St Kitts

School Information

High School:Stephen Decatur

Middle School:Berlin Intermediate School

Elementary School:Ocean City

Architecture

Bedrooms: 10

Bathrooms: 8 Full / 2 Half

Year Built:2007

Stories:1

Style:Unit/Flat

Construction: Masonry, Vinyl Siding

Unit Building Type: Garden 1 - 4 Floors

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 12/11/2023

Listing provided courtesy of Jenny Sheppard, Sheppard Realty Inc.

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