This amazing spacious unit 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. "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. To the east of this unit 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 $100k+- in gross rental income per year per unit
Sold for $1,400,000
$1,400,000
5 87th St Unit 301, Ocean City, MD 21842
5beds
2,725sqft
Condominium
Built in 2007
-- sqft lot
$1,418,700 Zestimate®
$514/sqft
$5,969 Estimated rent
Home value
$1,418,700
$1.26M - $1.60M
$5,969/mo
Zestimate® history
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List your homeWhat's special
New hvac unitTray ceilingsBeautifully decorated terraceNewly replaced sliding doorsLvp flooringSurround sound
Zillow last checked:
Listing updated:
Listed by:
Jenny Sheppard 443-783-0299,
Sheppard Realty Inc
Bought with:
Elaine Davidson, 611737
RE/MAX Advantage Realty
Source: Bright MLS,MLS#: MDWO2017506
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 5
- Main level bedrooms: 5
Basement
- Area: 0
Heating
- Heat Pump, Electric
Cooling
- Ceiling Fan(s), Central Air, Heat Pump, Electric
Appliances
- Included: Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Refrigerator, Stainless Steel Appliance(s), Cooktop, Washer, Water Heater, Electric Water Heater
- Laundry: Dryer In Unit, Washer In Unit, In Unit
Features
- Bar, Ceiling Fan(s), Central Vacuum, Combination Dining/Living, Dining Area, Elevator, Entry Level Bedroom, Open Floorplan, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Upgraded Countertops
- Windows: Window Treatments
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,725
- Total interior livable area: 2,725 sqft
- Finished area above ground: 2,725
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Parking Lot
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: Four
- Stories: 4
- Pool features: None
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410760844
- Zoning: R
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Cement Siding
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Condo and coop fee: $3,140 quarterly
- Subdivision: None Available
HOA
- Has HOA: No
- Amenities included: None
- Services included: Maintenance Structure, Insurance, Management
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $514/sqft
- Tax assessed value: $644,900
- Annual tax amount: $9,026
- Date on market: 11/7/2023
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2025 | Sold | $1,400,000-6.7%$514/sqft |
Source:  Bright MLS #MDWO2017506 Report a problem | ||
| 11/3/2025 | Contingent | $1,500,000$550/sqft |
Source: Bright MLS #MDWO2017506 Report a problem | ||
| 4/20/2024 | Price change | $1,500,000-14.3%$550/sqft |
Source: Bright MLS #MDWO2017506 Report a problem | ||
| 11/8/2023 | Listed for sale | $1,750,000+68.3%$642/sqft |
Source: Bright MLS #MDWO2017506 Report a problem | ||
| 10/20/2010 | Sold | $1,040,000$382/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,268 +2.7% | $676,700 +4.9% |
| 2024 | $9,026 +4.4% | $644,900 +5.2% |
| 2023 | $8,642 | $613,100 |
| 2022 | $8,642 -0.2% | $613,100 |
| 2021 | $8,662 | $613,100 |
| 2020 | $8,662 -0.7% | $613,100 |
| 2019 | $8,722 +0.7% | $613,100 |
| 2018 | $8,661 -14.1% | $613,100 -14.1% |
| 2017 | $10,080 -4.6% | $713,900 |
| 2016 | $10,562 | $713,900 |
| 2015 | $10,562 | $713,900 |
| 2014 | $10,562 | $713,900 |
| 2013 | -- | $713,900 |
| 2012 | -- | $713,900 -18.9% |
| 2011 | -- | $880,170 +6.4% |
| 2010 | -- | $827,486 +6.8% |
| 2009 | -- | $774,803 |
Find assessor info on the county website
Neighborhood: Midtown
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Nearby schools
GreatSchools rating
- 10/10Ocean City Elementary SchoolGrades: PK-4Distance: 4.8 mi
- 10/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 8.6 mi
- 7/10Stephen Decatur High SchoolGrades: 9-12Distance: 8.3 mi
Schools provided by the listing agent
- Elementary: Ocean City
- Middle: Berlin Intermediate School
- High: Stephen Decatur
- District: Worcester County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Maryland
- Worcester County
- Ocean City
- 21842
- Midtown
- 5 87th St Unit 301
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