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5 87th Street Unit 303 & 301

Ocean City, MD 21842

10 beds
10 baths
5,347 sqft
$607 per sqft
2007 build

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!

Listing courtesy of BRIGHT / Sheppard Realty Inc

Last checked: Checking… • Last updated Oct 17, 2024 •

MLS# MDWO2015358 —

The Building

Year Built:

2007
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry, Vinyl Siding
Structure Type:

Unit/Flat/Apartment
Architectural Style:

Unit/Flat
Historic:

No
Levels:

1
Building Name:

St Kitts
Unit Building Type:

Garden 1 - 4 Floors
Building Levels:

4
Building Units Total:

9
Roof:

Asphalt
Elevators:

1
Main Entrance:

North
Entry Floor Number:

3
Door Features:

Insulated, Sliding Glass
Security Features:

Sprinkler System - Indoor
Window Features:

Sliding, Insulated
Accessibility Features:

None
Other Equipment:

None
Foundation Details:

Pillar/Post/Pier
Basement:

No
Unit Number:

303 & 301
Building Winterized:

No
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt:

5347
Above Grade Finished SqFt Source:

Estimated
Below Grade Finished Area Units:

Square Feet
Below Grade Unfinished Area Units:

Square Feet
Below Grade Finished SqFt Source:

Assessor
Below Grade Unfinished SqFt Source:

Assessor
Tax Total Finished SqFt:

2622

Interior

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, Bathroom - Soaking Tub, Sprinkler System, Walk-in Closet(s), Window Treatments, Bathroom - Tub Shower, Upgraded Countertops, Wine Storage
Floors In Unit:

1
Flooring Type:

Ceramic Tile, Luxury Vinyl Plank, Carpet
Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

5347
Living Area SqFt:

5,347 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

0-30 Days CD

Location

Directions:

Coastal Hwy to 87th Street building is on the south side of 87th st
Latitude:

38.40428000
Longitude:

-75.05899000
Location Type:

Oceanside

The Property

Property Type:

Residential
Property Condition:

Excellent
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Inclusions:

Unit 301 comes fully furnished , 303 mostly furnished units are being sold together
Exclusions:

a few in 303, personal items , art work , a few pieces of furniture
Zoning:

R1
View:

Ocean, Bay
In City Limits:

Yes
Outdoor Living Structures:

Balcony, Terrace, Wrap Around
Other Structures:

Above Grade, Below Grade
Water View:

Yes
Waterfront:

No
Water Oriented:

Yes
Water Access:

No
Water Body Type:

Ocean
Navigable Water:

No
Tidal Water:

No
Land Use Code:

U
Ground Rent Exists:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

2410760852 & 241076084
Tax Year:

2024
Tax Lot:

303 & 301
Tax Annual Amount:

$8,856
Tax Assessed Value:

$632,767
Year Assessed:

2024
County Tax:

5347.00
City/Town Tax:

2800.00
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

10
Bedrooms Main Level:

10

Baths

Total Baths:

10
Full Baths:

8
Half Baths:

2
Main Level Baths:

10.00
Main Level Full Baths:

8
Main Level Half Baths:

2

The Listing

Virtual Tour

Heating & Cooling

Cooling Type:

Ceiling Fan(s), Central A/C, Heat Pump(s)
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Heat Pump(s)
Heating Fuel:

Electric

Utilities

Utilities:

Cable TV
Sewer/Septic:

Public Septic
Hot Water:

Electric
Water Source:

Public
Internet Services:

Cable

Appliances

Appliances:

Dryer - Electric, Energy Efficient Appliances, Icemaker, Refrigerator, Stainless Steel Appliances, Washer, Water Heater, Oven - Single, Cooktop, Built-In Microwave, Disposal
Laundry Type:

Has Laundry, Washer In Unit, Dryer In Unit
Washer/Dryer/Hook Up in Unit:

Yes

Schools

Elementary School:

Ocean City
Middle School:

Berlin Intermediate School
High School:

STEPHEN DECATUR
School District Name:

Worcester County Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

None Available
Senior Community:

No
Pool:

No Pool
Spa:

No
HOA:

No
Condo/Coop Association:

Yes
HOA/Condo/Coop Amenities:

Common Grounds, Picnic Area, Reserved/Assigned Parking
Condo/Coop Fee:

$6,280
Condo/Coop Fee Frequency:

Quarterly
HOA/Condo/Coop Fee:

All Ground Fee, Insurance, Management, Reserve Funds, Snow Removal
Municipal Trash:

Yes
Transportation:

Bus Stop less than 1 mile
Condo/Coop Name:

Oc Management Real Estate Management Inc

Parking

Total Garage and Parking Spaces:

18
Garage:

Yes
Garage Features:

Covered Parking
Garage Spaces:

18.00
Type of Parking:

Parking Garage
Parking Features:

Assigned
Assigned Spaces Count:

6
Parking Garage - # of Spaces:

18

Extra Units

Vacation Rental:

Yes

Monthly cost estimate

Asking price

$3,250,000

Expense	Monthly cost
Mortgage	$17,402
Taxes	$738
Insurance	$893
HOA fees	$2,093
Utilities	$286 See report
Total	$21,412/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
4/20/24 Apr 20, 2024	Price Changed	BRIGHT	$3,250,000	-7.1%
7/28/23 Jul 28, 2023	Listed / Active	BRIGHT	$3,500,000

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This condo located in Ocean City, MD 21842 is currently for sale for $3,250,000. 5 87th Street Unit 303 & 301 is a 5,347 square foot condo with 10 beds and 10 baths. This condo is in the attendance area of Berlin Intermediate School, Stephen Decatur High School, Ocean City Elementary School, and Stephen Decatur Middle School.

Listing Courtesy of: BRIGHT and Sheppard Realty Inc.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.