205 Somerset Street #B303

OCEAN CITY, MD 21842

  • 1 Bed(s)
  • 1.5 Bath(s)
  • 675 Sqft
$525,000

Description

New listing in very sought after and rarely available, white marlin condominium and marina. this condominium association has just finished total exterior renovation, including replacement elevators, new doors and windows in every unit, new pool, new exterior siding, new coated walkways, new railings, and new marina decking and bulkheading at a total cost of nearly $2,000,000.00. owner has paid special assessment in full. this 3rd floor unit has gorgeous views of the bay, pool, marina and the most spectacular sunsets from the large waterfront balcony. it features an electric powered awning and tinted windows. a large deep water deeded boat slip #21 conveys with this property which can be used by the new buyer if they have a boat or it can be rented for additional income. the slip can accommodate a a 50-60ft. boat. it comes with 1 assigned covered parking space. from this downtown location you can walk to restaurants and pubs, beach, boardwalk, inlet and all of the festivals. on your boat you can enter the inlet and be in the ocean in less than 5 minutes, or tie up at assateague island and enjoy a picnic while watching for wild ponies, sunbathing and swimming. there is no other location in ocean city like this unique property with all of it's amenities situated at the southernmost tip of ocean city just a few hundred yards from the inlet leading to the atlantic ocean. don't miss this opportunity. last year the condo generated in excess of $16000.00 gross rental income with the seller holding back some weeks for their personal use. the boat slip generated an additional $8500.00 rental income.

  • Property Type

    Residential

  • Subdivision

    None Available

  • County

    WORCESTER

  • Style

    Traditional

  • AD ID

    49149967

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Property Details

  • Bedroom Information

    • Total Bedrooms : 1
    • Master Bedroom Level: 1

    Bathroom Information

    • Total Baths: 2
    • Full Baths: 1
    • Half Baths: 1

    Laundry Source

    • Laundry Type : Washer In Unit,Dryer In Unit

    Water/Sewer

    • Water Source : Public

    Interior Features

    • Bathroom - Tub Shower,Dining Area,Sprinkler System
    • Roof : Metal
    • Property Amenities: Boat Dock/Slip,Common Grounds,Elevator,Marina/Marina Club,Picnic Area,Pier/Dock,Pool - Outdoor,Reserved/Assigned Parking,Swimming Pool
    • Property Appliances: Built-In Microwave,Dishwasher,Disposal,Dryer,Dryer - Electric,Exhaust Fan,Icemaker,Oven/Range - Electric,Range Hood,Refrigerator,Stove,Washer,Water Heater - High-Efficiency,Water Heater - Tankless

    Roofing Information

    • Metal

    Heating & Cooling

    • Cooling: Central A/C,Heat Pump(s)
    • Heating: Heat Pump(s)
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

    Window Information

    • Window Treatments: Double Hung,Double Pane,Energy Efficient,Replacement,Screens

  • Building Information

    • Year Built: 1987
    • Structure: Unit/Flat/Apartment
    • Major Appliances: Built-In Microwave,Dishwasher,Disposal,Dryer,Dryer - Electric,Exhaust Fan,Icemaker,Oven/Range - Electric,Range Hood,Refrigerator,Stove,Washer,Water Heater - High-Efficiency,Water Heater - Tankless
    • New Construction: No
    • Total Floors: 1
    • Built: 1987
    • Construction Material: Concrete,Frame,Stucco,Vinyl Siding,Other
    • Amenities: Boat Dock/Slip,Common Grounds,Elevator,Marina/Marina Club,Picnic Area,Pier/Dock,Pool - Outdoor,Reserved/Assigned Parking,Swimming Pool
    • Roof: Metal
    • Architecture: Traditional
    • Pool/Private: Yes - Community
    • Roof Type: Metal

    Exterior Features

    • Building Name: White Marlin

    Pool Information

    • Pool: Yes - Community

    Amenities

    • Boat Dock/Slip,Common Grounds,Elevator,Marina/Marina Club,Picnic Area,Pier/Dock,Pool - Outdoor,Reserved/Assigned Parking,Swimming Pool

    Utility Features

    • Water: Assawoman Bay
    • Sewer: Public Sewer

    Water

    • Water Heat: Tankless,Electric

  • Lot Information

    • Dimensions: 0.00 x 0.00
    • Architectural Style: Traditional

    Property Information

    • SQ ft: 675
    • SQ ft (Living Area): 675
    • View: Bay,Marina,Water
    • Subdivision: NONE AVAILABLE
    • Financing: Cash,Conventional
    • Appx. Lot Dimensions: 0.00 x 0.00
    • New Construction: No
    • Type: Traditional

  • Listing Information

    • Possession: Settlement
    • Common/Club Amenities: Boat Dock/Slip,Common Grounds,Elevator,Marina/Marina Club,Picnic Area,Pier/Dock,Pool - Outdoor,Reserved/Assigned Parking,Swimming Pool
    • Days Of Market: 7

  • Tax Information

    • Annual Tax: $3,243
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Terms/Deposits/Fees

    • Condo Fees: $1,386
    • Assoc Fee Freq: $Quarterly

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $231,733

  • Parking Information

    • Garage: 1
    • Garage Type: Covered Parking
    • Parking Type: Parking Garage

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional
    • Roof: Metal
    • Unit: B303

    Homeowners Association Information

    • Association Fee 2: $1,386
    • HOA Fee Frequency: Quarterly
    • Other Fee Frequency: Quarterly
    • Direction: Cross Rt 50 Bridge into Ocean City, right on Philadelphia Ave, right Somerset to building on left

  • School Information

    • School District: WORCESTER COUNTY PUBLIC SCHOOLS

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Tankless,Electric
    • Elevators: 2

    Location Information

    • Direction: Cross Rt 50 Bridge into Ocean City, right on Philadelphia Ave, right Somerset to building on left
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BuyOwner last updated this listing 04/05/2025 @ 13:35

  • MLS: MDWO2029792
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Home, with 1 bedrooms which is for sale, it has 675 sqft, 675 sized lot, and 1 parking. are nearby neighborhoods.