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Off market
  • $576,900

    11500 Coastal Hwy UNIT 1516, Ocean City, MD 21842

    2beds
    988sqft
    Condo
    Built in 1975
    -- sqft lot
    $576,900 Zestimate®
    $584/sqft
    $300/mo HOA

    What's special

    South side 2 bedroom/2 bath and den condo has great ocean and bay views from the living room and master bedroom. Balcony offers panoramic views of the of sun rises on the ocean, looking south to the city and beautiful sun sets across the bay. Newer laminate flooring in the living room and both bedrooms. Tile flooring in the den and kitchen. New king size bed in the master bedroom, twin beds in the second bedroom and den. The kitchen and both baths were remodeled in 2018. A new HVAC was installed the year before. There is also a private laundry room with full size washer and dryer and additional storage space for all your beach chairs, umbrella, boogie boards, etc. Sea Watch has some of the best amenities on the beach. There is an indoor heated pool, an outdoor pool with lots of seating area and a separate fish shaped toddler pool. There are tennis & basketball courts, playground for the little ones, his and her saunas, exercise room, very large game room and an in house movie theater during the summer. Sea Watch also has it's own in house maintenance staff to help you take care of any problems that might occur. Plenty of parking available in the covered parking garage. Owners have owned and rented privately this unit for the last 20 years. Yearly the rental income has exceeded $20,000. In 2019 the rental income was over $25,000. So far for 2020 the condo is rented from 7/4 to 8/8 weekly Saturday to Saturday. the rental income is now $8,000. Buyers must honor 2020 with a signed addendum. New buyers will be credited rental income if purchased prior to rentals. This is a great value if you are looking for an ocean front condo for either your personal use or rental property. Make sure to put this one on your list.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Refrigerator, Washer
    Features
    • Elevator, Kitchen Island, Open Floorplan, Entry Level Bedroom, Combination Dining/Living, Breakfast Area, Stall Shower, Flat, Master Bedroom - Ocean Front, Tub Shower
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 988 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Detached
    Accessibility
    • Accessibility features: Accessible Elevator Installed, Level Entry - Main
    Features
    • Pool features: In Ground, Heated, Indoor, Community
    Details
    • Parcel number: 10140366
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Contemporary, Coastal
    Condition
    • Year built: 1975

    Community & neighborhood

    Location
    • Region: Ocean City
    • Municipality: Ocean City

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $300 monthly
    Other financial information
    • Total actual rent: 25000

    Other

    Other facts
    • Appliances: Dishwasher, Refrigerator, Disposal, Built-in Microwave, Water Heater, Washer, Stove, ENERGY STAR Qualified Washer, Dryer - Front Loading
    • GarageYN: true
    • InteriorFeatures: Elevator, Kitchen Island, Open Floorplan, Entry Level Bedroom, Combination Dining/Living, Breakfast Area, Stall Shower, Flat, Master Bedroom - Ocean Front, Tub Shower
    • HeatingYN: true
    • CoolingYN: true
    • WaterfrontYN: true
    • StoriesTotal: 1
    • ArchitecturalStyle: Contemporary, Coastal
    • SpecialListingConditions: Standard
    • ParkingFeatures: Covered, Detached Garage, Parking Lot, Private, Parking Space Conveys, General Common Elements
    • CoveredSpaces: 2
    • PoolFeatures: In Ground, Heated, Indoor, Community
    • Cooling: Central Air
    • BuildingName: Sea Watch
    • Heating: Central
    • AccessibilityFeatures: Accessible Elevator Installed, Level Entry - Main
    • BelowGradeFinishedArea: 0
    • ConstructionMaterials: Dryvit
    • TotalActualRent: 25000.00
    • StructureType: Unit/Flat/Apartment
    • MlsStatus: Active
    • Municipality: Ocean City
    Services availability
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    $576,900
    2% more+ $11,538
    With Zillow Showcase(estimated)
    $588,438