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!
This property is $2.8M more than the Median Sold Price and $179/SqFt more than other homes in Ocean City, MD.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #MDWO2015358
Listing Office:
Office Name: Sheppard Realty Inc
Office Phone: (443) 783-0299
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.
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
10
/10
Ocean City Elementary School
12828 Center Dr
Distance between this listing and this school4.74 miles
Public District Grades PK-4
9
/10
Showell Elementary School
11318 Showell School Rd
Distance between this listing and this school7.26 miles
Public District Grades PK-3
7
/10
Showell (Phillip C.) Elementary School
41 Bethany Rd
Distance between this listing and this school9.33 miles
Public District Grades KG-5
Nearby Schools
10
/10
Stephen Decatur Middle School
9815 Seahawk Rd
Distance between this listing and this school8.45 miles
Public District Grades 7-8
5
/10
Selbyville Middle School
80 Bethany Rd
Distance between this listing and this school9.06 miles
Public District Grades 6-8
8
/10
Southern Delaware School of the Arts
27 Hosier St
Distance between this listing and this school9.86 miles
Public Magnet Grades KG-8
Nearby Schools
7
/10
Stephen Decatur High School
9913 Seahawk Rd
Distance between this listing and this school8.33 miles
Public District Grades 9-12
5
/10
Indian River High School
29772 Armory Rd
Distance between this listing and this school13.30 miles
Public District Grades 9-12
3
/10
Sussex Central High School
26026 Patriots Way
Distance between this listing and this school21.27 miles
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. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Living In Ocean City, MD
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
Types of housing in Ocean City, MD.
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.
What is it like to live in Ocean City, MD?
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.
Is it easy to get around Ocean City, MD without a car?
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.
Transportation 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.
Frequently Asked Questions About 5 87th Street 303 & 301
What is the listing price of this property?
The listing price of 5 87th Street 303 & 301 property is $3,250,000.
What type of property is this?
The property 5 87th Street 303 & 301 is a condo located in Ocean City, Maryland, 21842.
Is this property for sale now?
Active Listing: 5 87th Street 303 & 301 is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 5 87th Street 303 & 301 has 10 bedrooms and 8 full and 2 half bathrooms.
What is the square footage of this property?
The property 5 87th Street 303 & 301 is 5,347 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5 87th Street 303 & 301 is 2007.
Interested in 5 87th Street 303 & 301? Let's connect.
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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.
In October 2024, from all listings sold in Ocean City, MD there were more than 12 sold above asking price, over 67 sold below and more than 11 were sold right at the asked price. The number of homes for sale in Ocean City, MD increased by 16.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 80 days, the median list price was $449,548.
From Rocket Homes Real Estate and based on county public records data.
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. 
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