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205 SOMERSET ST #B303, OCEAN CITY, MD 21842

1 Beds

2 Baths

675SqFt

Active

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.

Property Details
Price$525,000
Bedrooms1
Full Baths1
Half Baths1
Total Baths2
Property StyleTraditional
Lot Size0.00 x 0.00
Property TypeResidential
Sub typeSingleFamilyResidence
MLS Sub typeUnit/Flat/Apartment
Stories1
FeaturesBathroom - Tub Shower,Dining Area,Sprinkler System
Year Built1987
SubdivisionNONE AVAILABLE
ViewBay,Marina,Water
RoofMetal
WaterfrontAssawoman Bay
HeatingHeat Pump(s)
AccessibilityElevator,Level Entry - Main,No Stairs
Garage spaces1
Association AmenitiesBoat Dock/Slip,Common Grounds,Elevator,Marina/Marina Club,Picnic Area,Pier/Dock,Pool - Outdoor,Reserved/Assigned Parking,Swimming Pool
Geographic Data
DirectionsCross Rt 50 Bridge into Ocean City, right on Philadelphia Ave, right Somerset to building on left
CountyWORCESTER
Latitude38.3293628
Longitude-75.08939565
Market AreaBayside Waterfront (84)
Address Information
Address205 SOMERSET ST #B303, OCEAN CITY, MD 21842
Postal Code21842
CityOCEAN CITY
StateMD
CountryUnited States
Listing Information
Listing OfficeBerkshire Hathaway HomeServices PenFed Realty - OP
Listing Office Emailoceanpines@penfedrealty.com
Listing AgentJoyce Melbourne Husman
Special listing conditionsStandard
OwnershipCondominium
TermsCash,Conventional
School Information
DistrictWORCESTER COUNTY PUBLIC SCHOOLS
MLS Information
Days on market2
MLS StatusActive
Listing DateMar 30, 2025
Listing Last ModifiedApr 1, 2025
Tax ID2410309441
Tax Year2024
Tax Annual Amount3243
MLS AreaBayside Waterfront (84)
MLS #MDWO2029792

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    Last updated: 2025-04-01T22:30:48.00846Z. Listing information is provided by Bright MLS. Listings are generated from various brokers who participate in IDX. Information is deemed reliable but not guaranteed.