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5 87th St Unit 303 , Ocean City, MD 21842
$1,600,000
Est. Payment: $8,515.87/mo
5 Bed
5 Bath
2622 Sqft
Status: active | Days on site: 14
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DSR100 - 3255643
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House Description

This spacious unit, just steps to the beach, has 5 bedrooms and 4.5 baths, newer HVAC unit, replaced sliding doors with surround sound featured in the open living areas as well as wrap around balconies with views of the beach, Atlantic Ocean & Assawoman Bay. This amazing property has 3 covered assigned spaces, for no hassle parking and a building elevator for ease of trips to and from the beach. Named "Sunrise" 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, and 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. This is an owners, never rented, unit however could easily gross $100k+- in rental income per year.

Highlights

Listed by Jenny Sheppard , 4437830299 Sheppard Realty Inc , 4106290200. Bright MLS

Property Type

Condo

Year Built

2007

County

Worcester

Area

Ocean Block (82)

Neighborhood

None Available

School District

Worcester County Public Schools

Listing ID

MDWO2042114

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:4
  • ▪ 1/2 Bathrooms:1
Appliances:Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Icemaker, Microwave, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater, Range Hood
Air Cond:Ceiling Fan(s),Central A/C,Heat Pump(s)
Fireplaces:
Floor:Ceramic Tile,Luxury Vinyl Plank
Above Ground Sq Ft:2622
Other:
  • ▪ Main Floor Bedrooms:5
  • ▪ Additional:Ceiling Fan(s), Combination Dining/Living, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Sound System, Central Vacuum
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Lot Dimensions:0.00 x 0.00
Garage Capacity:3
Zoning:R
Others:
  • ▪ Additional:Excellent, Ext Bldg Maint, Insurance, Management
Sewer:Public Sewer
Parking Features:Parking Space Conveys,Under Home Parking,Parking Lot,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$8,516
Taxes
$772

Home Price

$1,600,000

Loan Details

30 yrs
7%

Down Payment

20%
$320,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,515.87

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $8,515.87 $772.33 $5,292.00 $14,580.21
Yearly $102,190.46 $9,268.00 $63,504.00 $174,962.46
Total $3,065,713.90 $278,040.00 $1,905,120.00 $5,248,873.90
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Ocean City, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

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Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS