• 8800 Coastal Highway #705 OCEAN CITY, MD 21842

  • $544,900
  • 2
    Bed(s)
  • 2.0
    Baths
  • 1,225
    Sq Ft

SELLLERS PAYING THE ENTIRE 2024 CONDO FEE/ASSESSMENT (18,540.00) FOR RENOVATION OF NORTH TOWER AND POOL DECK . CONDO FEES FOR 2025 are 2,650.00 QUARTERLY AND 2026 2,400 QUARTERLY. The spacious Oceanfront 2 BR/Den condominium with 2 full baths, freshly painted and fully furnished with all modern appliances; central air conditioning and heat, newer washer and dryer, dishwasher. This condo boasts a SPECTACULAR OCEANFRONT VIEW from its large Oceanfront balcony and an Ocean View from the Master Bedroom window. Additionally, Sea Terrace 705 has a rare view for Ocean City, with a southern facing wrapped balcony. This is one of the only buildings with Ocean and Bay views from one LARGE balcony - watch the sun rise and set from the same chair! This condominium has hurricane shutters, upgraded sliding glass doors, and upgraded bathrooms with new vanities and lighting. Just steps off the elevator with nice Bay views. Great built in rental history spanning over 6 years with the same owner; grossing $25,450 (2022) & $20,650 (2023). Located in convenient mid-town, Sea Terrace is just steps to a wider stretch of Ocean City beach and Atlantic Ocean and walking distance to restaurants, shopping, grocery store, nightlife, Art League, basketball courts, playground, and dog park. Building amenities include Oceanfront heated outdoor pool with large sundeck, 3 elevators, tennis, and on site security and management. Private parking with overflow lot and plenty of free street parking. Secure beach lockers available for $100/yr. Condo fees for 2024: $4,650/quarterly (includes assessment for renovation of north tower and pool deck). Condo fees for 2025: $2,650/quarterly. Fees for 2026: $2,400/quarterly.

Property Type :

Residential

Subdivision :

None Available

County :

WORCESTER

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 2

Master Bedroom Level: 2

Bathroom Information

Total Baths: 2

Full Baths: 2

Laundry Source

Laundry Type : Dryer In Unit,Washer In Unit

Water/Sewer

Water Source : Public

Interior Features

Breakfast Area,Cedar Closet(s),Ceiling Fan(s),Dining Area,Entry Level Bedroom,Family Room Off Kitchen,Floor Plan - Open,Kitchen - Island,Window Treatments

Exterior Property Features : Exterior Lighting,Fire Escape,Flood Lights,Gutter System,Lawn Sprinkler,Outside Shower,Secure Storage

Property Amenities: Elevator,Extra Storage,Pool - Outdoor,Reserved/Assigned Parking

Property Appliances: Built-In Range,Dishwasher,Disposal,Dryer - Electric,Microwave,Oven/Range - Electric,Range Hood,Refrigerator,Stove,Washer/Dryer Stacked,Water Heater

Heating & Cooling

Cooling: Heat Pump(s),Central A/C,Ceiling Fan(s)

Heating: Heat Pump - Electric BackUp,Forced Air

Cooling Fuel: Electric

Heating Fuel: Electric

Building Information

Exterior Features: Exterior Lighting,Fire Escape,Flood Lights,Gutter System,Lawn Sprinkler,Outside Shower,Secure Storage

Year Built: 1974

Structure: Unit/Flat/Apartment

Major Appliances: Built-In Range,Dishwasher,Disposal,Dryer - Electric,Microwave,Oven/Range - Electric,Range Hood,Refrigerator,Stove,Washer/Dryer Stacked,Water Heater

New Construction: No

Built: 1974

Construction Material: Concrete,Stucco

Amenities: Elevator,Extra Storage,Pool - Outdoor,Reserved/Assigned Parking

Architecture: Coastal

Pool/Private: Yes - Community

Exterior Features

Water Access Features: Boat - Powered,Canoe/Kayak,Fishing Allowed,Personal Watercraft (PWC),Public Access,Waterski/Wakeboard

Utilities: Electric Available,Cable TV Available,Phone Available,Water Available,Sewer Available

Building Name: Sea Terrace

Pool Information

Pool: Yes - Community

Amenities

Elevator,Extra Storage,Pool - Outdoor,Reserved/Assigned Parking

Utility Features

Sewer: Public Sewer

Water

Water Heat: Electric

Lot Information

Dimensions: 0.00 x 0.00

Waterfront: Sandy Beach

Architectural Style: Coastal

Property Information

SQ ft: 1,225

SQ ft (Living Area): 1,225

View: Panoramic,Ocean,Water

Subdivision: NONE AVAILABLE

Financing: Cash,Conventional

Appx. Lot Dimensions: 0.00 x 0.00

New Construction: No

Type: Coastal

Listing Information

Possession: Settlement

Common/Club Amenities: Elevator,Extra Storage,Pool - Outdoor,Reserved/Assigned Parking

Days Of Market: 97

Tax Information

Annual Tax: $4,645

Tax Year: 2023

Total Taxes Payment Frequency: Annually

Terms/Deposits/Fees

Condo Fees: $2,650

Assoc Fee Freq: $Quarterly

Possession

Settlement

Assessment Information

Taxes Assessment Amount: $329,500

Parking Information

Total Parking Spaces: 1

Parking Space # Assigned: 1

Parking Lot - # of Spaces: 1

Parking Type: Off Street,Parking Lot

Parking Features: Assigned,Lighted Parking,Paved Parking

Has Garage: N

Multi-Unit Information

Acceptable Financing: Cash,Conventional

Unit: 705

Homeowners Association Information

Association Fee 2: $2,650

HOA Fee Frequency: Quarterly

Other Fee Frequency: Quarterly

Direction: Coastal Hwy to 88th street oceanfront

School Information

School District: WORCESTER COUNTY PUBLIC SCHOOLS

Utility Information

Electric Available,Cable TV Available,Phone Available,Water Available,Sewer Available

Water Source: Public

Sewer: Public Sewer

Cooling Fuel: Electric

Heating Fuel: Electric

Hot Water: Electric

Location Information

Location Type: Oceanfront

Direction: Coastal Hwy to 88th street oceanfront

Homes around $544,900

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
9750 Marthas Landing Ro.., Ocean City, MD,21842 $9,990,000 6 7.5 7,634 17919 Sqft
Keyser Point Road , Ocean City, MD,21842 $420,000 -- -- 197,327 197327 Sqft
110 Sand Dollar Lane , Ocean City, MD,21842 $196,500 2 1.0 470 --
12004 Ocean Gateway , Ocean City, MD,21842 $900,000 -- -- 304,920 304920 Sqft
4306 Coastal Highway , Ocean City, MD,21842 $1,950,000 3 2.5 3,448 7150 Sqft
4302 Coastal Highway , Ocean City, MD,21842 $599,000 3 2.0 1,248 3575 Sqft
Blue Marlin , Ocean City, MD,21842 $485,000 -- -- 673,002 673002 Sqft
8240 Wilmington Lane , Ocean City, MD,21842 $855,000 4 3.0 -- --
13444 Madison Avenue , Ocean City, MD,21842 $750,000 3 2.0 2,000 5000 Sqft
10539 Sussex Road , Ocean City, MD,21842 $1,995,000 4 3.5 -- 28401 Sqft

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ByOwner last updated this listing 04/28/2024 @ 10:46

MLS: MDWO2018414
LISTED BY: Candi Noyes , Coldwell Banker Realty
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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