5 87th Street 303 & 301 Ocean City, MD 21842

$3,250,000
10 beds
8 full, 2 partial
5,347 sqft
$608 / sqft
Condo

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

Home typeCondominium
HeatingHeat Pump
StatusActive
(ACTIVE)
CoolingCeiling Fan(s), Central Air, Heat Pump
Size5,347 sqft
Year built2007
ParkingCovered Parking, Assigned, Parking Garage
MLS #MDWO2015358
Garage18 spaces
ViewOcean, Bay

Summary

  • 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

IDX 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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$3,250,000

5 87th Street 303 & 301

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Price information

Property sales

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Tax history

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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.

All data from GreatSchools

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. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

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/LPGAPGA/LPGA
  • Figure SkatingFigure Skating
  • Skiing/snowboardingSkiing/snowboarding

Where do the neighbors shop?

  • Stein MartStein Mart
  • KmartKmart
  • BJs Wholesale ClubBJs Wholesale Club

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • Bob EvansBob Evans
  • PaneraPanera

What do the neighbors drive?

  • LexusLexus
  • BuickBuick
  • InfinitiInfiniti

What do the neighbors listen to?

  • OldiesOldies
  • Adult HitsAdult Hits
  • News/Talk/InformationNews/Talk/Information
All data provided by Home Junction and Claritas

Frequently asked questions

Living in Ocean City, MD

About 5 87th Street 303 & 301

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.

Over 10 listings were sold over their listed price in January 2025 in Ocean City, MD. In the same period over 37 listings were sold below the listed price and 8 listings were sold for the listed price. The number of homes for sale in Ocean City, MD increased by 6.7% between December and January 2025. 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.

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