Description
Exceptional opportunity to own a waterfront 2-unit property in the heart of Ocean City with 2 private boat slips and strong appeal for investors, second-home buyers, or those seeking flexible multi-generational use. Comprised of a 3BR/3BA first-floor unit and a 2BR/1BA second-floor unit, this renovated R-2 property offers versatility for short-term rental, seasonal use, annual rental, or owner-occupied income-producing use. The detached garage may offer potential for conversion to additional living space, subject to zoning requirements and approvals. In addition to the 2 private boat slips, highlights include canal and bay views, private entrances, enclosed porch/sunroom areas, private garage, and extensive recent improvements. A private deck on the lower unit overlooks the water and fenced-in yard. Inside, both kitchens have been recently renovated, along with new LVP flooring, lighting fixtures, paint, and updated furniture, including an original Ocean City Boardwalk board dining table. Located within walking distance to the beach, boardwalk, dining, shopping, and entertainment, this is a rare chance to market a true multi-family waterfront asset in a prime Ocean City location. With over $110,000 rental income, this is a rare chance to own a versatile waterfront property in with built-in flexibility and long-term value.
Details
| MLS # | MDWO2037804 |
|---|---|
| Listing Type | For Sale |
| Building Name | NONE AVAILABLE |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1956 |
| Days On Site | 156 |
| Listing Provided By | ERA Martin Associates, Shamrock Division | Brittani Phillips |
Features
| SQ Feet | 2,532 |
|---|---|
| Garage | 1 |
| Story(s) | 2 |
| Units | 2 |
| Zoning | R-2 |
| Acreage | 0.13 |
| Water Front | Yes |
| Property View | Canal |
Interior
| Cooling | Central A/C, Wall Unit |
|---|---|
| Heating Yes / No | Yes |
| Heating | Heat Pump(s) |
| Interior Features | 2nd Kitchen, Attic, Carpet, Ceiling Fan(s), Chair Railings, Crown Moldings, Dining Area, Entry Level Bedroom, Kitchen - Table Space, Other, Pantry, Recessed Lighting, Upgraded Countertops, Window Treatments |
| Furnished | Yes |
| Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer |
Exterior
| Exterior Features | BBQ Grill, Exterior Lighting, Flood Lights, Gutter System, Secure Storage |
|---|---|
| Roof | Architectural Shingle |
| Security Features | Exterior Cameras, Smoke Detector |
| Construction Materials | Block, Frame, Stick Built |
| Foundation Details | Block, Crawl Space |
| Lot Features | Bulkheaded, Fishing Available, Other |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Concrete Driveway, Private |
Utilities
| Utilities | Cable TV, Natural Gas Available, Propane |
|---|
Taxes
| Tax Annual Amount | 9351 |
|---|
Area Information
| State | MD |
|---|---|
| County | WORCESTER MD |
| City | OCEAN CITY |
| Zip Code | 21842 |
| Area | Bayside Waterfront (84) |
| Community Name | NEPTUNE DEVELOPMENT |
| School District | WORCESTER COUNTY PUBLIC SCHOOLS |
| Elementary School | OCEAN CITY |
| High School | STEPHEN DECATUR |
| Listing VS Median (in NEPTUNE DEVELOPMENT) | |
Price: $1,199,900 low | high Med: $1,199,900 sqft: 2,532 low | high Med: 2,532 $ / sqft: $474 low | high Med: $474 On site: 156 low | high Med: 171.5 | |
Market Activity 21842
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Learn More About This Property
| State | MD |
|---|---|
| County | WORCESTER MD |
| City | OCEAN CITY |
| Zip Code | 21842 |
| Area | Bayside Waterfront (84) |
| Community Name | NEPTUNE DEVELOPMENT |
| School District | WORCESTER COUNTY PUBLIC SCHOOLS |
| Elementary School | OCEAN CITY |
| High School | STEPHEN DECATUR |
| Listing VS Median (in NEPTUNE DEVELOPMENT) | |
Price: $1,199,900 low | high Med: $1,199,900 sqft: 2,532 low | high Med: 2,532 $ / sqft: $474 low | high Med: $474 On site: 156 low | high Med: 171.5 | |
