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Sold for $170,000
  • $170,000

    807 8th St #409, Ocean City, NJ 08226

    0beds
    --sqft
    Condominium
    Built in ----
    -- sqft lot
    $184,300 Zestimate®
    $--/sqft
    $1,833 Estimated rent

    Home value

    $184,300

    $164,000 - $206,000

    $1,833/mo

    Zestimate® history
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    What's special

    Your Beach Getaway Awaits—Prime Location & Proven Income! Welcome to 807 E 8th Street #409, your perfect slice of paradise in the heart of Ocean City! This charming, turnkey efficiency places you just steps away from Ocean City's pristine beaches and iconic boardwalk. Enjoy the ultimate convenience of being less than a block from sun-soaked shores and the vibrant shops, restaurants, and entertainment along bustling Asbury Avenue. Strong Rental History & Impressive Returns: This unit offers excellent income potential, having generated over $18,000 gross in 2024, with realistic projections to surpass $20,000 annually. Current bookings for 2025 already total approximately $5,800 as of March 31—typically just 25% of yearly reservations. Historically, the property experiences strong rental demand between April and June, accounting for approximately 41% of annual income, consistent occupancy during peak summer months (July–August, approximately 25%), and continued bookings through the quieter September–December season (approximately 9%). Annual operating expenses—including HOA fees, linens and rental service, cleaning, insurance, licensing, WiFi, Airbnb, and utilities—are approximately $9,500–$9,900. Enjoy the convenience of running a highly rated (4.9/5 star) Airbnb remotely by taking advantage of the hotel’s own laundry/linens, toiletry, and front desk services (just $1,100/year, charged per rental with no obligation to use) and an on-site, highly reputable cleaning service for seamless turnover between guests (also no obligation to use). Alternatively, owners choosing private enjoyment without rentals can anticipate very manageable carrying costs of around $5,000 per year. Don’t miss this opportunity to own a property that effortlessly blends leisure, lifestyle, and lucrative investment potential. Schedule your private showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Maina III 609-513-8383,

    BERGER REALTY-Main

    Bought with:

    Beth Wristbridge, 9702902

    Source: SJSRMLS,MLS#: 595112MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 0
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Baseboard, Electric
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Microwave, Refrigerator
    Features
    • Elevator, Foyer, Handicap Features
    • Has fireplace: No
    • Furnished: Yes

    Property

    Parking
    • Parking features: None
    Accessibility
    • Accessibility features: Elevator, Handicap Features
    Features
    • Levels: One
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Beach Block, Boardwalk Area
    Details
    • Parcel number: 25

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Brick
    Condition
    • New construction: No

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Elevator, Laundromat On Site
    • Security: Security Service
    • Subdivision: Homestead
    HOA
    • Amenities included: Elevator, Laundromat On Site, Security
    • Services included: Amenities, Cable TV, Insurance, Maintenance, Management, Other Utilities, See Remarks, Sewer, Trash, Water
    Location
    • Region: Ocean City

    Financial & listing details

    • Tax assessed value: $47,700
    • Annual tax amount: $535
    • Date on market: 4/11/2025
    • Date available: 04/11/2025
    • Inclusions: Furnished

    Price history

    DateEventPrice
    5/28/2025Sold$170,000-5.5%
    Source: SJSRMLS #595112 Report a problem
    5/8/2025Pending sale$179,900
    Source: SJSRMLS #595112 Report a problem
    4/11/2025Price change$179,900-5.3%
    Source: SJSRMLS #595112 Report a problem
    1/10/2025Listed for sale$189,900+25.8%
    Source: SJSRMLS #592003 Report a problem
    10/14/2022Sold$151,000-5.6%
    Source: SJSRMLS #567323 Report a problem
    10/5/2022Pending sale$159,900
    Source: SJSRMLS #567323 Report a problem
    9/21/2022Listed for sale$159,900+34.4%
    Source: SJSRMLS #567323 Report a problem
    1/14/2022Sold$119,000
    Source: Public Record Report a problem
    10/12/2021Sold$119,000+19.1%
    Source: SJSRMLS #554885 Report a problem
    9/10/2021Pending sale$99,900
    Source: SJSRMLS #554885 Report a problem
    8/31/2021Price change$99,900+66.8%
    Source: SJSRMLS #554885 Report a problem
    4/26/2019Pending sale$59,900
    Source: SJSRMLS #516801 Report a problem
    4/17/2019Price change$59,900-13.2%
    Source: REALTY MARK ADVANTAGE #185832 Report a problem
    4/3/2019Price change$69,000-4.2%
    Source: REALTY MARK ADVANTAGE #185832 Report a problem
    2/28/2019Price change$72,000-10%
    Source: REALTY MARK ADVANTAGE #185832 Report a problem
    1/26/2019Listed for sale$80,000-38.1%
    Source: REALTY MARK ADVANTAGE #185832 Report a problem
    4/21/2005Sold$129,300
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$535 $47,700
    2024$535 +4.8%$47,700
    2023$511 +6.6%$47,700
    2022$479 +2.8%$47,700
    2021$467 +84.1%$47,700
    2020$253 +0.9%$47,700 +82.1%
    2019$251 $26,200
    2018$251 +5.6%$26,200
    2017$238 +1.3%$26,200
    2016$234 +1.5%$26,200
    2015$231 +4.8%$26,200
    2014$221 -69.8%$26,200
    2012$730 +2.6%$26,200 -73%
    2011$712 +3.8%$97,100
    2010$686 +4.4%$97,100
    2009$656 -31.2%$97,100
    2008$954 +3.1%$97,100 +1.8%
    2007$925 $95,400
    2006-- $95,400
    2005-- --
    Find assessor info on the county website

    Neighborhood: 08226

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $184,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $184,300