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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 | |
Bedrooms | 1 | |
Full Baths | 1 | |
Half Baths | 1 | |
Total Baths | 2 | |
Property Style | Traditional | |
Lot Size | 0.00 x 0.00 | |
Property Type | Residential | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Unit/Flat/Apartment | |
Stories | 1 | |
Features | Bathroom - Tub Shower,Dining Area,Sprinkler System | |
Year Built | 1987 | |
Subdivision | NONE AVAILABLE | |
View | Bay,Marina,Water | |
Roof | Metal | |
Waterfront | Assawoman Bay | |
Heating | Heat Pump(s) | |
Accessibility | Elevator,Level Entry - Main,No Stairs | |
Garage spaces | 1 | |
Association Amenities | Boat Dock/Slip,Common Grounds,Elevator,Marina/Marina Club,Picnic Area,Pier/Dock,Pool - Outdoor,Reserved/Assigned Parking,Swimming Pool | |
Geographic Data | ||
Directions | Cross Rt 50 Bridge into Ocean City, right on Philadelphia Ave, right Somerset to building on left | |
County | WORCESTER | |
Latitude | 38.3293628 | |
Longitude | -75.08939565 | |
Market Area | Bayside Waterfront (84) | |
Address Information | ||
Address | 205 SOMERSET ST #B303, OCEAN CITY, MD 21842 | |
Postal Code | 21842 | |
City | OCEAN CITY | |
State | MD | |
Country | United States | |
Listing Information | ||
Listing Office | Berkshire Hathaway HomeServices PenFed Realty - OP | |
Listing Office Email | oceanpines@penfedrealty.com | |
Listing Agent | Joyce Melbourne Husman | |
Special listing conditions | Standard | |
Ownership | Condominium | |
Terms | Cash,Conventional | |
School Information | ||
District | WORCESTER COUNTY PUBLIC SCHOOLS | |
MLS Information | ||
Days on market | 2 | |
MLS Status | Active | |
Listing Date | Mar 30, 2025 | |
Listing Last Modified | Apr 1, 2025 | |
Tax ID | 2410309441 | |
Tax Year | 2024 | |
Tax Annual Amount | 3243 | |
MLS Area | Bayside 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.