5908 Coastal Hwy #8A

Ocean City, MD 21842 View Map $3,700,000 Schedule a Tour
Beds20
Baths15Full51/2
Sq.Ft.2,022
Year2007

Compass Home Group LLC

(443) 360-0086

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Status: Active
Property Type:Residential
MLS #:MDWO2018470
Sq. Feet:2,022
On Site:189 Days
County:Worcester

Listing Office

Office:Redfin Corp
An exceptional opportunity awaits savvy investors! Presenting a meticulously curated portfolio of five luxurious short-term rental units in the heart of Ocean City, MD. This portfolio offers both immediate revenue potential and long-term growth opportunities with a 15 year history of strong rental income and occupancy rates. Nestled in sought-after areas of Ocean City, moments away from beaches, entertainment, dining, and local attractions. These multi-level 4 bedroom/3.5 bathroom units are fully furnished and are able to accommodate large groups of up to 14 people per unit. Units come equipped with stainless steel appliances, granite countertops, a balcony in each bedroom, and enclosed garages that make them a must have for renters in the area. Some units offer breathtaking views of the ocean, providing guests with a memorable coastal experience. This turnkey portfolio is primed for continued success in the thriving short-term rental market of Ocean City. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a lucrative opportunity, this collection of properties promises both immediate returns and long-term appreciation potential.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
4/11/2024$3,800,000$3,700,000-2.6%

Community Information

Address:5908 Coastal Hwy #8A, Ocean City, MD 21842
County:Worcester
Subdivision:Palm Coast
Zip Code:21842
Neighborhood:PALM COAST

Architecture

Unit Number:#8A
Bedrooms: 20
Bathrooms: 15 Full / 5 Half
Year Built:2007
Stories:4
Style:Colonial
Construction: Vinyl Siding

Features / Amenities

Interior Features: Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Kitchen - Gourmet, Primary Bath(s)
Appliances: Dryer, Washer, Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Stove
Other Rooms: Living Room, Dining Room, Kitchen, Foyer
Patio And Porch: Deck(s)
Sub Structure Types: Above Grade, Below Grade
Garage Spaces: 12
Cooling: Central A/C
Cooling Fuel: Electric
Heating: Central
Heating Fuel: Natural Gas
Hot Water: Natural Gas

Square Footage

Finished Sq. Ft.
Above Grade 2022
Below Grade 0
Total 2022

Rooms

LevelSizeDescription
FoyerMain Level
KitchenUpper 2 Level
Dining RoomUpper 2 Level
Living RoomUpper 2 Level

Property Features

Lot Dimensions:0.00 x 0.00
Parking Types: Attached Garage, Driveway
Driveway - # of Spaces: 3
View: Ocean
Sewer: Public Sewer
Water: Public
Municipality: Ocean City
Zoning:R
Directions:Please use GPS for directions

Tax and Financial Info

Total Taxes: $6,982 (paid Annually)
Tax Year: 2023
Ownership Type: Fee Simple
Homeowners' Assoc.: No
City Tax Rate: $2,241.00 (Annually)
County Tax Rate: $4,185.00 (Annually)

Schools

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5908 Coastal Hwy #8A Ocean City,  MD 21842
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5908 Coastal Hwy #8A Ocean City, MD 21842
 
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Listing Information Last Updated 7/23/2024
The information being provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. Compass Home Group LLC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Compass Home Group LLC, a broker participant of Bright MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

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