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8800 Coastal Highway Unit 705

Ocean City, MD 21842

2 beds
2 baths
1,225 sqft
$440 per sqft
1974 build

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.

Listing courtesy of BRIGHT / Coldwell Banker Realty

Last checked: Checking… • Last updated May 8, 2024 •

MLS# MDWO2018414 —

The Building

Year Built:

1974
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Concrete, Stucco
Structure Type:

Unit/Flat/Apartment
Architectural Style:

Coastal
Levels:

1
Building Name:

Sea Terrace
Unit Building Type:

Hi-Rise 9+ Floors
Entry Floor Number:

7
Accessibility Features:

36, Doors - Swing In, Elevator
Basement:

No
Unit Number:

705
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt:

1225
Above Grade Finished SqFt Source:

Assessor
Below Grade Finished Area Units:

Square Feet
Below Grade Unfinished Area Units:

Square Feet
Below Grade Finished SqFt Source:

Assessor
Below Grade Unfinished SqFt Source:

Assessor
Tax Total Finished SqFt:

1225

Interior

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
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

1225
Living Area SqFt:

1,225 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

Settlement

Location

Directions:

Coastal Hwy to 88th street oceanfront
Latitude:

38.40534831
Longitude:

-75.05868562
Location Type:

Oceanfront

The Property

Property Type:

Residential
Property Condition:

Very Good
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Inclusions:

Fully Furnished
Exclusions:

Contents of owners closet
Zoning:

R-3
View:

Panoramic, Ocean, Water
In City Limits:

Yes
Other Structures:

Above Grade, Below Grade
Water View:

Yes
Waterfront:

Yes
Waterfront Features:

Sandy Beach
Water Oriented:

Yes
Water Access:

Yes
Water Access Features:

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

Ocean
Navigable Water:

Yes
Water Frontage In Feet:

200
Tidal Water:

Yes
Land Use Code:

U

Listing Agent

Contact info:

Taxes

Tax ID Number:

2410102553
Tax Year:

2023
Tax Lot:

705
Tax Annual Amount:

$4,645
Tax Assessed Value:

$329,500
Year Assessed:

2023
County Tax:

2784.00
City/Town Tax:

1491.00
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

2
Bedrooms Main Level:

2

Baths

Total Baths:

2
Full Baths:

2
Main Level Baths:

2.00
Main Level Full Baths:

2

The Listing

Buyer's Brokerage Compensation:

2.5%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

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

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Heat Pump - Electric BackUp, Forced Air
Heating Fuel:

Electric

Utilities

Utilities:

Electric Available, Cable TV Available, Phone Available, Water Available, Sewer Available
Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Appliances

Appliances:

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

Dryer In Unit, Washer In Unit
Washer/Dryer/Hook Up in Unit:

Yes

Schools

School District Name:

Worcester County Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

None Available
Senior Community:

No
Exterior Features:

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

Yes - Community
HOA:

No
Condo/Coop Association:

Yes
HOA/Condo/Coop Amenities:

Elevator, Extra Storage, Pool - Outdoor, Reserved/Assigned Parking
Condo/Coop Fee:

$2,650
Condo/Coop Fee Frequency:

Quarterly
HOA/Condo/Coop Fee:

Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Pool(s), Reserve Funds, Taxes
Municipal Trash:

Yes
Condo/Coop Name:

Sea Terrace

Parking

Total Garage and Parking Spaces:

1
Garage:

No
Type of Parking:

Off Street, Parking Lot
Parking Features:

Assigned, Lighted Parking, Paved Parking
Assigned Spaces Count:

1
Parking Lot - # of Spaces:

1

Extra Units

Vacation Rental:

Yes

Monthly cost estimate

Asking price

$539,000

Expense	Monthly cost
Mortgage	$2,886
Taxes	$387
Insurance	$148
HOA fees	$883
Utilities	$153 See report
Total	$4,457/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
4/26/24 Apr 26, 2024	Price Changed	BRIGHT	$539,000	-1.1%
3/17/24 Mar 17, 2024	Price Changed	BRIGHT	$544,900	-0.0%
1/14/24 Jan 14, 2024	Listed / Active	BRIGHT	$545,000

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This condo located in Ocean City, MD 21842 is currently for sale for $539,000. 8800 Coastal Highway Unit 705 is a 1,225 square foot condo with 2 beds and 2 baths. This condo is in the attendance area of Ocean City Elementary School, Stephen Decatur High School, Stephen Decatur Middle School, and Berlin Intermediate School.

Listing Courtesy of: BRIGHT and Coldwell Banker Realty.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

8800 Coastal Highway Unit 705 Ocean City, MD 21842

Amenities & Taxes

The Building

Interior

Room Dimensions

Financial & Terms

Location

The Property

Listing Agent

Taxes

Beds

Baths

The Listing

Heating & Cooling

Utilities

Appliances

Schools

The Community

Parking

Extra Units

Schools

Ocean City Elementary School

Stephen Decatur High School

Stephen Decatur Middle School

Berlin Intermediate School

Monthly cost estimate

$539,000

Climate Risk Flood, Wildfire, Extreme Heat, Hurricane Wind

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Sale history

No additional history available

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When do you want to see it?

Want a closer look?

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8800 Coastal Highway Unit 705

Ocean City, MD 21842