205 Somerset Street Unit B303 Ocean City, MD 21842
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 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 details
Interior Features
Electric Oven
Cooktop
Washer
Dishwasher
Disposal
Dryer
Exhaust Fan
Ice Maker
Range Hood
Refrigerator
Microwave
ENERGY STAR Qualified Water Heater
Tankless Water Heater
Exterior Features
Assigned
Covered
Utility & Building Info
Heat Pump
1 Story
Price History
| date | event | price | source |
|---|---|---|---|
|
04/29/2025
04/29/2025
|
Sold |
$470,000
|
Bright MLS (MDBMLS-R) |
|
04/09/2025
04/09/2025
|
Contingent |
$525,000
|
Bright MLS (MDBMLS-R) |
|
03/31/2025
03/31/2025
|
Active |
$525,000
|
Bright MLS (MDBMLS-R) |
Market Trends
Source: Constellation1
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