304 15th St, Ocean City, MD 21842

$1,199,900
2,532
SqFt

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List Price
$1,199,900
Days on Market
104
Status
ACTIVE
MLS#
MDWO2037804
Living Area
2,532
Lot Size (Acres)
0.13
Style
Cape Cod
Year Built
1956
County
Worcester
School District
Worcester County Public Schools

Property 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.

Additional Information

Area
Bayside Waterfront (84)
Subdivision
Neptune Development
Taxes
$9351
Stories
2
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
School District
Worcester County Public Schools
Elementary School
Ocean City
Middle School
Stephen Decatur
High School
Stephen Decatur
Flooring
Carpet, Ceramic Tile, Hardwood, Luxury Vinyl Plank
Garage
Yes
Garage Spaces
1
Exterior Features
BBQ Grill, Exterior Lighting, Flood Lights, Gutter System, Secure Storage
View
Canal
Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Central A/C, Wall Unit
Roof
Architectural Shingle
Utilities
Cable TV, Natural Gas Available, Propane
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of ERA Martin Associates, Shamrock Division. Contact: 4106415000