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
- 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
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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
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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 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.
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.