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For sale
  • $3,250,000

    5 87th St #303 & 301, Ocean City, MD 21842

    10beds
    5,347sqft
    : 
    Condominium
    Built in 2007
    -- sqft lot
    $-- Zestimate®
    $608/sqft
    $2,093/mo HOA

    What's special

    Tray ceilingsWrap around balconiesCork flooringNew hvac unitsBeautifully decorated terraceGranite islandNewly replaced sliding doors
    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!
    637 days
    on Zillow
    |
    363
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 31, 2025 at 04:22am

    Listed by:

    Jenny Sheppard 443-783-0299,

    Sheppard Realty Inc 4437830299

    Source: Bright MLS,MLS#: MDWO2015358MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 5 87th St #303 & 301.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 10
    • Full bathrooms: 8
    • 1/2 bathrooms: 2
    • Main level bathrooms: 10
    • Main level bedrooms: 10
    Basement
    • Area: 0
    Heating
    • Heat Pump, Electric
    Cooling
    • Ceiling Fan(s), Central Air, Heat Pump, Electric
    Appliances
    • Included: Dryer, Energy Efficient Appliances, Ice Maker, Refrigerator, Stainless Steel Appliance(s), Washer, Water Heater, Oven, Cooktop, Microwave, Disposal, Electric Water Heater
    • Laundry: Has Laundry, Washer In Unit, Dryer In Unit, In Unit
    Features
    • Bar, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Family Room Off Kitchen, Open Floorplan, Kitchen - Gourmet, Kitchen Island, Recessed Lighting, Soaking Tub, Walk-In Closet(s), Bathroom - Tub Shower, Upgraded Countertops, Wine Storage
    • Flooring: Ceramic Tile, Luxury Vinyl, Carpet
    • Doors: Insulated, Sliding Glass
    • Windows: Sliding, Insulated Windows, Window Treatments
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 5,347
    • Total interior livable area: 5,347 sqft
    • Finished area above ground: 5,347
    • Finished area below ground: 0
    Video & virtual tour

    Property

    Parking
    • Total spaces: 18
    • Parking features: Covered, Assigned, Garage
    • Garage spaces: 18
    • Details: Assigned Parking
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Terrace, Wrap Around
    • Exterior features: Balcony
    • Pool features: None
    • Has view: Yes
    • View description: Ocean, Bay
    • Has water view: Yes
    • Water view: Ocean,Bay
    • Waterfront features: Oceanside, Ocean
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2410760852 & 241076084
    • Zoning: R1
    • Special conditions: Standard
    • Other equipment: None

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Masonry, Vinyl Siding
    • Foundation: Pillar/Post/Pier
    • Roof: Asphalt
    Condition
    • Excellent
    • New construction: No
    • Year built: 2007

    Utilities & green energy

    • Sewer: Public Septic
    • Water: Public
    • Utilities for property: Cable Connected, Cable

    Community & HOA

    Community
    • Security: Fire Sprinkler System
    • Subdivision: None Available
    HOA
    • Has HOA: No
    • Amenities included: Common Grounds, Picnic Area, Reserved/Assigned Parking
    • Services included: All Ground Fee, Insurance, Management, Reserve Funds, Snow Removal
    • HOA name: Oc Management Real Estate Management Inc
    • Condo and coop fee: $6,280 quarterly
    Location
    • Region: Ocean City
    • Municipality: Ocean City

    Financial & listing details

    • Price per square foot: $608/sqft
    • Tax assessed value: $632,767
    • Annual tax amount: $8,856
    • Date on market: 3/2/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • 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
    • Ownership: Condominium
    • Total actual rent: 100000
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