Video tour
$10,000 Closing Credit¹
#MDWO2021706, Richard L Price, Listing Office: EXP Realty, LLC
$10,000
closing credit¹
5 87th St Unit 301 Ocean City, MD 21842
$1,500,000 List price
$10,000
Closing credit¹
5 beds
4 full, 1 partial
2,725 sqft
$550 / sqft
Condo
Property details
About 5 87th St Unit 301
This amazing spacious unit has 5 bedrooms and 4.5 baths, new HVAC unit, 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 condo has 3 covered assigned spaces, for no hassle parking and a building elevator for ease of trips to and from the beach. "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. To the east of this unit 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 $100k+- in gross rental income per year per unit
Highlights
Home typeCondominium
HeatingHeat Pump
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCeiling Fan(s), Central Air, Heat Pump
Size2,725 sqft
Year built2007
ParkingParking Lot
MLS #MDWO2017506
Summary
- MLS Number: MDWO2017506
- MLS Name: BRIGHT
- Office Name: Sheppard Realty Inc
- Office Phone: (443) 783-0299
- Office Email: jennysoldit@aol.com
- Listing Agent: Jenny Sheppard
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/3/2025, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,500,000
5 87th St Unit 301
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 20, 2010 | Home Sold | $1,040,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $644,900 | $8,642 |
| 2023 | $613,100 | $8,642 |
| 2022 | $613,100 | $8,663 |
| 2021 | $613,100 | $8,663 |
| 2020 | $613,100 | $8,662 |
| 2019 | $613,100 | $8,721 |
| 2018 | $613,100 | $8,660 |
| 2017 | $713,900 | $10,084 |
History based on county public records data.
Nearby schools
10
Ocean City Elementary School
Public District PK-4
4.7 mi
•12828 Center Dr
9
Showell Elementary School
Public District PK-3
7.3 mi
•11318 Showell School Rd
7
Showell (Phillip C.) Elementary School
Public District KG-5
9.3 mi
•41 Bethany Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,474. The majority of Ocean City, MD residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
34%
<35k
43%
35k-100k
17%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
63%
Single, No Kids
6%
Single, with Kids
28%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
3%
12-17 yrs old
17%
18-34 yrs old
43%
35-64 yrs old
33%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
Skiing/snowboarding
Where do the neighbors shop?
Stein Mart
Kmart
BJs Wholesale Club
Where do the neighbors go to eat?
Cracker Barrel
Bob Evans
Panera
What do the neighbors drive?
Lexus
Buick
Infiniti
What do the neighbors listen to?
Oldies
Adult Hits
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Ocean City, MD
About 5 87th St Unit 301
This home is located at 5 87th St Unit 301 in Ocean City, MD and zip code 21842. This 2,725 square foot home was built in 2007. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 8, 2023 and is currently priced at $1,500,000.
In January 2025 more than 10 listings in Ocean City, MD were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 37 were sold below. Between December and January 2025, Ocean City, MD real estate market has seen increase in the number of listings by 6.7%. While the average time on the market in January 2025 was 60 days, the median list price was $458,173.
From Rocket Homes Real Estate and based on county public records data.