5 87th St Unit 303, Ocean City, MD, 21842
About This Home
This spacious unit, just steps to the beach, has 5 bedrooms and 4.5 baths, new HVAC unit, 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 condo has 3 covered assigned spaces, 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 and bay. 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 $100k+- in gross rental income per year.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Excellent
- Year built: 2007
Materials
- Construction materials: Concrete
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Exhaust Fan,Ice Maker,Microwave,Refrigerator,Stainless Steel Appliance(s),Cooktop,Washer,Water Heater,Range Hood,Electric Water Heater
- Laundry features: Dryer In Unit,Washer In Unit,In Unit
Basement
- Area: 0
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 5
- Main level bedrooms: 5
Features
- Ceiling Fan(s),Combination Dining/Living,Dining Area,Entry Level Bedroom,Family Room Off Kitchen,Open Floorplan,Kitchen - Gourmet,Primary Bath(s),Recessed Lighting,Sound System,Central Vacuum
- Door features: Insulated,Sliding Glass
- Window features: Insulated Windows
- Flooring: Ceramic Tile,Luxury Vinyl
- Finished area below ground: 0
- Finished area above ground: 2,622
Heating & Cooling
- Heating features: Heat Pump,Electric
- Cooling features: Ceiling Fan(s),Central Air,Heat Pump,Electric
Interior Area
- Total structure area: 2,622
- Total interior livable area: 2,622 sqft
Property
Accessibility
- Accessibility features: Accessible Elevator Installed
Details
- Parcel number: 2410760852
- Attached to another structure: Yes
- Zoning: R
- Special condition: Standard
- Exclusions: Some Artwork And Furniture Pieces
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Terrace
Lot
- Lot size dimensions: 0.00 x 0.00
Parking
- Total spaces: 3
- Parking features: Parking Space Conveys,Under Home Parking,Parking Lot
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Winter Weather
- Cold Wave
- Inland Flooding
- Ice Storm
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maryland Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,848 | $106,176 |
| Home Insurance * | $211 | $2,532 |
| Property Taxes | $1,985 | $23,820 |
| Electricity | $334 | $4,008 |
| Total | $11,378 | $136,536 |
Income You'd Need if You Spent...
Maryland FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2023-11-08 | Listed for sale | $1,750,000 |
| 2010-08-19 | Sold | $1,050,000 |
View on Zillow