5 87th Street 303 & 301 Ocean City, MD 21842
Property details
About 5 87th Street 303 & 301
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!
Highlights
(ACTIVE)
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 8
- Appliances: Dryer, Ice Maker, Refrigerator, Stainless Steel Appliances, Washer, Water Heater, Oven, Cooktop, Microwave, Disposal
- Basement: No
- Flooring Type: Ceramic Tile, Luxury Vinyl Plank, Carpet
- Interior: 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
- Total Bedroom Count: 10
- Garage Space: 18 spaces
- Parking: Covered Parking, Assigned, Parking Garage
- View: Ocean, Bay
- Architectural Style: Unit/Flat
- Heating: Heat Pump
- Cooling: Ceiling Fan(s), Central Air, Heat Pump
- List Price: $3,250,000
- Price/SqFt: $607
- Directions: Coastal Hwy to 87th Street building is on the south side of 87th st
- Year Built: 2007
- Stories: 1
- Living Area: 5,347 SqFt
- Municipality: Ocean City
- MLS Number: MDWO2015358
- MLS Name: BRIGHT
- Office Name: Sheppard Realty Inc
- Office Phone: (443) 783-0299
- Office Email: jennysoldit@aol.com
- Listing Agent: Jenny Sheppard
- Agent Phone: (443) 783-0299
- Agent Email: jennysoldit@aol.com
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Last updated on: 5/29/2025, 4:20:41 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,250,000
5 87th Street 303 & 301
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Price information
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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 most common annual income of people living in Ocean City, MD is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
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
Frequently asked questions
Living in Ocean City, MD
Transportation in Ocean City is well-suited to the needs of both residents and tourists. The town features a public bus service that runs along the Coastal Highway, providing convenient access to various points of interest. The area is also bike-friendly, with several bike paths and lanes available for those who prefer to cycle. For drivers, the city is easily navigable with well-maintained roads and highways connecting to nearby cities and attractions. While specific ride-sharing statistics are not mentioned, such services are commonly used by visitors and locals alike.
The community is served by a range of essential services, including public schools that cater to residents and the seasonal influx of families. Healthcare is accessible through local clinics and urgent care centers, ensuring medical needs are met promptly. Ocean City also boasts a variety of retail shops and dining options, from casual eateries to fine dining, many of which showcase the local seafood cuisine. The town is proactive in maintaining and enhancing its services to accommodate both its permanent population and seasonal visitors.
Ocean City is celebrated for its vibrant boardwalk, pristine beaches, and family-friendly atmosphere. The community prides itself on being a premier resort town, with numerous events throughout the year, including the famous Ocean City Air Show and the Sunfest music and arts festival. The town's character is shaped by its coastal environment, offering a relaxed lifestyle with a focus on outdoor recreation and water-based activities.
Ocean City's housing market is diverse, offering a mix of residential options that cater to a range of preferences. The area is known for its beachfront condominiums, which make up a significant portion of the housing stock, providing residents with scenic views and easy access to the beach. Single-family homes are also available, featuring styles from classic beach cottages to contemporary designs. The market is characterized by a mix of both year-round and seasonal properties, reflecting the city's popularity as a vacation destination.
About 5 87th Street 303 & 301
The listing price of 5 87th Street 303 & 301 property is $3,250,000.
The property 5 87th Street 303 & 301 is a condo located in Ocean City, Maryland, 21842.
Active Listing: 5 87th Street 303 & 301 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5 87th Street 303 & 301 are: Ocean City Elementary School (GreatSchools Rating 10/10), Showell Elementary School (GreatSchools Rating 9/10), Showell (Phillip C.) Elementary School (GreatSchools Rating 7/10), Stephen Decatur Middle School (GreatSchools Rating 10/10), Selbyville Middle School (GreatSchools Rating 5/10), Southern Delaware School of the Arts (GreatSchools Rating 8/10), Stephen Decatur High School (GreatSchools Rating 5/10), Indian River High School (GreatSchools Rating 5/10), Sussex Central High School (GreatSchools Rating 3/10).
The property at 5 87th Street 303 & 301 has 10 bedrooms and 8 full and 2 half bathrooms.
The property 5 87th Street 303 & 301 is 5,347 SqFt (source: MLS/tax record).
The year of construction for 5 87th Street 303 & 301 is 2007.
This home is located at 5 87th Street 303 & 301 in Ocean City, MD and zip code 21842. This 5,347 square foot home was built in 2007. Features: 10 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since July 25, 2023 and is currently priced at $3,250,000.
Between March and April 2025, Ocean City, MD real estate market has seen increase in the number of listings by 30.2%. The median list price of listings available in April 2025 was $468,160, while the average time on the real estate market was 100 days.