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Under contract
  • $525,000

    205 Somerset St UNIT B303, Ocean City, MD 21842

    1beds
    675sqft
    : 
    Condominium
    Built in 1987
    -- sqft lot
    $-- Zestimate®
    $778/sqft
    $462/mo HOA

    What's special

    New listing in VERY SOUGHT AFTER AND RARELY AVAILABLE, White Marlin Condominium and Marina. This condominium association has just finished total exterior renovation, including replacement elevators, new doors and windows in every unit, new pool, new exterior siding, new coated walkways, new railings, and new marina decking and bulkheading at a total cost of nearly $2,000,000.00. Owner has paid special assessment in full. This 3rd floor unit has gorgeous views of the Bay, pool, marina and the most spectacular sunsets from the large waterfront balcony. It features an electric powered awning and tinted windows. A large deep water boat slip #21 conveys with this property which can be used by the new buyer if they have a boat or it can be rented for additional income. The slip can accommodate a a 50-60ft. boat. It comes with 1 assigned covered parking space. From this downtown location you can walk to restaurants and pubs, beach, boardwalk, inlet and all of the festivals. On your boat you can enter the inlet and be in the ocean in less than 5 minutes, or tie up at Assateague Island and enjoy a picnic while watching for wild ponies, sunbathing and swimming. There is no other location in Ocean City like this unique property with all of it's amenities situated at the southernmost tip of Ocean City just a few hundred yards from the inlet leading to the Atlantic Ocean. Don't miss this opportunity. Last year the condo generated in excess of $16000.00 gross rental income with the seller holding back some weeks for their personal use. The boat slip generated an additional $8500.00 rental income.
    28 days
    on Zillow
    |
    351
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    13
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    Zillow last checked: 7 hours ago

    Listing updated: April 09, 2025 at 02:13pm

    Listed by:

    Joyce Melbourne Husman 410-490-0948,

    Berkshire Hathaway HomeServices PenFed Realty - OP (410) 208-3500

    Source: Bright MLS,MLS#: MDWO2029792MLS Logo
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 1
    Basement
    • Area: 0
    Heating
    • Heat Pump, Electric
    Cooling
    • Central Air, Heat Pump, Electric
    Appliances
    • Included: Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Ice Maker, Oven/Range - Electric, Range Hood, Refrigerator, Cooktop, Washer, Water Heater, Tankless Water Heater, Electric Water Heater
    • Laundry: Washer In Unit, Dryer In Unit, In Unit
    Features
    • Bathroom - Tub Shower, Dining Area, 9'+ Ceilings, Dry Wall
    • Doors: Sliding Glass
    • Windows: Double Hung, Double Pane Windows, Energy Efficient, Replacement, Screens
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 675
    • Total interior livable area: 675 sqft
    • Finished area above ground: 675
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Covered, Garage
    • Garage spaces: 1
    Accessibility
    • Accessibility features: Accessible Elevator Installed, Accessible Entrance, No Stairs
    Features
    • Levels: One
    • Stories: 1
    • Pool features: Community
    • Has view: Yes
    • View description: Bay, Marina, Water
    • Has water view: Yes
    • Water view: Bay,Marina,Water
    • Waterfront features: Bay
    • Body of water: Assawoman Bay
    • Frontage length: Water Frontage Ft: 15
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2410309441
    • Zoning: I-1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Traditional
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Concrete, Frame, Stucco, Vinyl Siding, Other
    • Roof: Metal
    Condition
    • Excellent
    • New construction: No
    • Year built: 1987

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Pool
    • Security: Fire Sprinkler System
    • Subdivision: None Available
    HOA
    • Has HOA: No
    • Amenities included: Boat Dock/Slip, Common Grounds, Elevator(s), Marina/Marina Club, Picnic Area, Pier/Dock, Pool, Reserved/Assigned Parking
    • Services included: Common Area Maintenance, Maintenance Structure, Insurance, Maintenance Grounds, Management, Pier/Dock Maintenance, Pool(s), Reserve Funds
    • HOA name: White Marlin Condominium
    • Condo and coop fee: $1,386 quarterly
    Location
    • Region: Ocean City
    • Municipality: Ocean City

    Financial & listing details

    • Price per square foot: $778/sqft
    • Tax assessed value: $231,733
    • Annual tax amount: $3,243
    • Date on market: 4/9/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Exclusions: Turtle Picture Wall Hanging
    • Ownership: Condominium
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