9100 Coastal Hwy #1002

Ocean City, MD 21842 View Map $715,000 Ask a Question
Beds2
Baths2
Sq.Ft.1,136
Year1991
Nicholas Bobenko

Nicholas Bobenko

(443) 614-9179

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Status: Sold
Property Type:Condo
MLS #:MDWO120204
Sq. Feet:1,136
Date Sold:3/31/2022
County:Worcester
Forget Location, Location, Location. Princess Royale Resort 2 Bedroom Condo 1002 has the best Location Plus: Amenities, High Year-Round Rentals, and Management! Location: Ocean Front in the heart of Mid-Town Ocean City. Wide sandy beach. Easy walk to 10 restaurants in addition to on-site award winning Schooners, shopping, Art League classes, tennis, and playground. Amenities: Largest indoor pool in OC, Hot Tub, Saunas, Ocean Front dining and tiki bar with live entertainment, Room Service, Creative Day Spa, Convenience Store, Gift Shop, Fitness Room, Game Room, 24 hr Front Desk and Security, Assigned Garage and Valet Parking, Bell Service, Concierge, Cafe on the Green, Banquet and Wedding Venues, Beach Chair and Umbrella Service, Fiber Wi-Fi, daily or weekly Housekeeping Services, Grocery Delivery Service, and Supervised Children's Activities. Highest Year-Round Rentals: Over $90, 000 for 2021! Now renting for over $1, 200 per night on peak nights this summer. Princess Royale has a huge off-season group base with over 30, 000 sq ft of Meeting Space and 1002 is the top choice of VIP's and Group Leaders staying in town. Management: Year-Round, Local, Innovative Hospitality Professionals. Many Key Members have been with the Princess Royale for over 25 years delivering the very best vacation and meeting experiences. Consistently Top Ranked on Trip Advisor - see the Independent Reviews! A very rare opportunity, as the last 2 bedroom condo at the Princess Royale sold over 6 years ago. Unsurpassed rental income with the ability to enjoy this penthouse Condo with your family and friends at your request. Fieldstone handmade cabinetry, Stainless GE Profile and Kitchenaid Appliances, New HVAC in 2019, Tommy Bahama Bedding, and Miles Talbot Furniture. The Resort is wrapping up a $2.5M renovation (already paid for) this Spring including Starbucks Coffee Shop, OceanFront Bar and Grille, new elevators roof and life safety system. Owner is a Maryland Realtor. Attached Independent Appraisal of $723, 000. A very unique opportunity, nothing else like it in Ocean City.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
3/31/2022$749,000$715,000-4.5%

Community Information

Address:9100 Coastal Hwy #1002 Ocean City, MD 21842
Area:Direct Oceanfront (80)
County:Worcester
City:Ocean City
Zip Code:21842
Neighborhood:Direct Oceanfront (80)
Building Name:Princess Royale

Architecture

Unit Number:#1002
Bedrooms: 2
Bathrooms: 2
Year Built:1991
Stories:7
Style:Coastal, Unit/Flat
Construction: Concrete, Dryvit
Unit Building Type: Hi-Rise 9+ Floors

Features / Amenities

Unit Floor: 10
Amenities: Bar/Lounge, Beach, Beauty Salon, Cable, Common Grounds, Concierge, Convenience Store, Dining Rooms, Elevator, Exercise Room, Fitness Center, Game Room, Gift Shop, Hot tub, Meeting Room, Picnic Area, Pool - Indoor, Sauna, Security, Spa
Garage Features: Covered Parking
Type of Parking: Parking Garage
Garage (# of Spaces): 1.00
Air Conditioning: Heat Pump(s)
Primary Heat Type: Heat Pump - Electric BackUp

Property Features

Water Body Type: Ocean
Waterfront: Yes
Septic: Public Sewer
Water: Public
Municipality: Ocean City

Tax and Financial Info

Property Taxes: $5,715 (paid Annually)
HOA: No
Condo Association: Yes
Condo Fee: $806 (paid Monthly)
Fees Include: Broadband, Cable TV, Common Area Maintenance, Ext Bldg Maint, Health Club, High Speed Internet, Insurance, Management, Pool(s), Reserve Funds, Sauna, Water, Sewer

WALKING AND TRANSPORTATION

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Listing Information Last Updated 5/22/2022
Listing provided courtesy of Michael Foelber, Rutherford Realty.
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