Patterson-Schwartz Real Estate205 Somerset Street #B303, Ocean City, MD 21842 $525,000
Interior Sq. Ft: 675
Acreage:
Age:38 years
Style:
Traditional
Subdivision: None Available
Design/Type:
Unit/Flat/Apartment
Description
New listing in VERY SOUGHT AFTER AND RARELY AVAILABLE, White Marlin Condominium and Marina. This condominium association has just finished total exterior renovation, including replacement elevators, new doors and windows in every unit, new pool, new exterior siding, new coated walkways, new railings, and new marina decking and bulkheading at a total cost of nearly $2,000,000.00. Owner has paid special assessment in full. This 3rd floor unit has gorgeous views of the Bay, pool, marina and the most spectacular sunsets from the large waterfront balcony. It features an electric powered awning and tinted windows. A large deep water deeded boat slip #21 conveys with this property which can be used by the new buyer if they have a boat or it can be rented for additional income. The slip can accommodate a a 50-60ft. boat. It comes with 1 assigned covered parking space. From this downtown location you can walk to restaurants and pubs, beach, boardwalk, inlet and all of the festivals. On your boat you can enter the inlet and be in the ocean in less than 5 minutes, or tie up at Assateague Island and enjoy a picnic while watching for wild ponies, sunbathing and swimming. There is no other location in Ocean City like this unique property with all of it's amenities situated at the southernmost tip of Ocean City just a few hundred yards from the inlet leading to the Atlantic Ocean. Don't miss this opportunity. Last year the condo generated in excess of $16000.00 gross rental income with the seller holding back some weeks for their personal use. The boat slip generated an additional $8500.00 rental income.
Home Assoc: No
Condo Assoc: $1,385/Quarterly
Basement: N
Pool: Yes - Community
Features
Water
Water Oriented: Yes; Water Front: Yes; Water Access: Yes; Water Body Name: Assawoman Bay; Water Body Type: Bay; Navigable: Yes;
Utilities
Heat Pump(s), Electric, Central A/C, HRV/ERV, Electric, Hot Water - Electric, Hot Water - Tankless, Public Water, Public Sewer, Dryer In Unit, Washer In Unit
Garage/Parking
Parking Garage, Covered Parking
Interior
Dining Area, Sprinkler System, 9'+ Ceilings, Dry Wall, Accessibility - Elevator, Accessibility - Level Entry - Main, Accessibility - No Stairs, Double Pane Windows, Energy Efficient Windows, Replacement Windows, Window Screens, Double Hung Windows, Sliding Glass Doors
Exterior
Metal Roof, Concrete Exterior, Frame Exterior, , Stucco Exterior, Vinyl Siding, Fenced Pool
Lot
Bay View, Marina View, Water View
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-234-3618
Listing Courtesy of: Berkshire Hathaway HomeServices PenFed Realty - OP , (410) 208-3500
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Listing data as of 4/02/2025.
