901 Atlantic Ave #501

Ocean City, MD 21842 View Map $1,050,000 Ask a Question
Beds3
Baths2
Sq.Ft.1,650
Year2002
Nicholas Bobenko

Nicholas Bobenko

(443) 614-9179

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Status: Sold
Property Type:Condo
MLS #:MDWO2018878
Sq. Feet:1,650
Date Sold:4/1/2024
County:Worcester
This is "the" condominium to own at Ocean's Edge. Flooded with natural light this top floor southern exposure oceanfront penthouse has everything you want in a luxury property. Pull down 9th street and open the private electronic gate to access the parking lot featuring a designated parking spot directly next to the elevator. Association is in the process of reconfiguring the parking lot to provide each condo with 2 designated parkings spots. The secure access elevator lobby features an elevator servicing all floors of the building. Stop on level 1 to access your private oversized storage closet to store all of your beach items. This closet is large enough to accommodate bikes as well for those morning cruises on the boardwalk. Take the elevator to the top floor and enter the penthouse to be greeted by a foyer allowing access to the two large guest bedrooms and shared hall bath. Venturing further into the condo you will be taken back by the amazing views of the Atlantic Ocean. The open floorplan features a combined Kitchen, Dining, and Living room all accented by upgraded driftwood patterned tile flooring. The living room features a gas fireplace and access to the extra large oceanfront balcony. Head into the spacious primary bedroom with a sliding glass door opening to the same balcony. Wake up every day to the majestic sunrise over the Atlantic Ocean. With the famous Ocean City Boardwalk in your backyard you have access to endless entertainment, eateries, and shopping. This condo is selling fully furnished and ready for you to enjoy! Ocean's Edge is professionally managed by Mana-Jit, a local management company located in midtown Ocean City. While this is not currently a rental property, it could be and would perform phenomenally due to its location! Central Reservations Vacations Rentals estimates between $65, 000 and $100, 000 in gross rental income depending on how much time the new owner would allow for rentals during the year. (Note: Gas is not currently turned onto fireplace. Image included with fire in fireplace was artificially modified).

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
4/1/2024$1,099,000$1,050,000-4.5%

Community Information

Address:901 Atlantic Ave #501, Ocean City, MD 21842
Area:Direct Oceanfront (80)
County:Worcester
Zip Code:21842
Neighborhood:Direct Oceanfront (80)
Building Name:Oceans Edge

Architecture

Unit Number:#501
Bedrooms: 3
Bathrooms: 2
Year Built:2002
Stories:5
Style:Coastal
Construction: Block
Unit Building Type: Mid-Rise 5 - 8 Floors
Roofing: Built-Up

Features / Amenities

Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Refrigerator, Stove, Washer, Water Heater
Interior Features: Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s), Primary Bedroom - Ocean Front, Stall Shower, Tub Shower, Upgraded Countertops, Window Treatments
# of Units: 1
Unit Floor: 5
Exterior Features: Exterior Lighting, Outside Shower, Secure Storage, Street Lights
Amenities: Elevator, Extra Storage
Exterior Spaces: Balcony
Type of Parking: Parking Lot
Air Conditioning: Central A/C, Ceiling Fan(s)
Primary Heat Type: Heat Pump(s)

Property Features

Waterfront: Sandy Beach
Water Body Type: Ocean
View: Ocean, City
Lot Description: Premium
Waterfront: Yes
Septic: Public Sewer
Water: Public
Transportation: Bus Stop less than 1 mile
Municipality: Ocean City

Tax and Financial Info

Property Taxes: $8,885 (paid Annually)
HOA: No
Condo Association: Yes
Condo Fee: $880 (paid Monthly)
Fees Include: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Reserve Funds, Snow Removal, Trash

WALKING AND TRANSPORTATION

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Listing Information Last Updated 4/15/2024
Listing provided courtesy of Jonathan Barker, Keller Williams Realty Delmarva.
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