Agent Takes: New OCNJ Property Listings for September 8, 2023

Listing #1 – 816-18 Pennlyn Pl

Property Features: 3,600 Sqft lot

The Price: $2,700,000

Agent Hot Take 🔥: Some work needs to be done here. It’s in a great location, but the house itself could use a facelift. I don’t hate the price on it, though, and it has a ton of rental potential. I think this is a good deal for an investor who can come in, dump a little money into a facelift, and rent this thing for over $100k per summer.

Property Description: N/A

Listing #2 – 5724 Asbury Ave Unit 5724

Property Features: 3 bedroom, 2 bathroom

The Price: $874,900

Agent Hot Take 🔥: Great price here. I like this. You’re 1.5 blocks from the beach in a fully renovated, second-floor unit. The current owners did a great job with the interior, in my opinion. This property is in a great location. I love the deep Southend. Same as I’ve said before: You’re so close to Strathmere, Corson’s Inlet, shops, restaurants, and more. The downside to this one is the age of the property. When these were built, they didn’t have a carport or garage, and there’s really only one parking spot in the back (hence no pics of the parking). You could maybe squeeze two in if you wanted. The rental potential here sits at about $45k per summer, maybe a little more, and it’s a good buy in today’s market.

Property Description: Fully Renovated Coastal Retreat! This stunning first floor condo, features 3 spacious bedrooms and 2 full baths, is located in the beautiful South End neighborhood and is just steps away from the beach! The recent renovations created a comfortable living and dining areas for the whole family with an open floor plan to the kitchen. The kitchen has been upgraded with quartz countertops, painted cabinets, a new sink, tile backsplash, and new fixtures and hardware. This property has all new windows and doors throughout. The exterior features a large front porch with a retractable awning, enclosed outdoor shower, and a beautiful paver driveway which provides off street parking. There is ample storage around the property with a storage unit, shed, and multiple spacious closets inside the home.

Listing #3 – 309 E 17th St

Property Features: 1,750 Sqft lot, 3 bedroom, 2.5+ bathroom

The Price: $1,259,000

Agent Hot Take 🔥: This is an interesting one. It’s been up for sale for quite some time now. At only about 3 blocks from the beach, you might ask why this single-family home asking $1.26M isn’t selling. Here are my thoughts: I think it’s a good buy, but there are definitely red flags. It’s on a TINY 25 x 70-foot lot. The interior is also decorated for a certain taste. If I had this listing, I would suggest the seller to take a more beachy approach: Repaint, add new bedspreads, and take some art down. It would definitely pay off. For the price and location, this is one of the better single-family buys out there. I just think it needs more of a beach feel to it.

Property Description: Incredible single family home for the price of a condo! Desirable location, close to everything Ocean City has to offer! This custom built, french inspired home features 3 bedrooms, 2.5 bathrooms, ELEVATOR, upgraded kitchen with 42 cabinets, quartz counters, custom tiled bathrooms, multiple decks, high ceilings on every floor, hardwood flooring, plenty of storage, off-street parking and a small rear yard. This property is in a great location just off Asbury Avenue close to the Community Center, library, ball fields, boardwalk and only 2 short blocks to some of the islands most desired beaches. Call today for your private tour!

Listing #4 – 312 E Seaspray Rd

Property Features: 4 bedroom, 3.5+ bathroom

The Price: $2,849,900

Agent Hot Take 🔥: Love this property. It’s in a stellar location, and it’s very nice on the inside. Is it brand new? No, but it’s still very nice. The backyard is awesome, with the pool and extra space. The Gardens area is primo! Great beaches, great neighborhood, and close to a ton of great places. I think this is a great year-round property or second home. I don’t see this sitting around for too long.

Property Description: Experience the epitome of coastal luxury in this custom-built single family home nestled in Ocean City’s coveted east side Gardens neighborhood. Just a leisurely stroll from the serene and secluded north end beaches, this meticulously designed residence built in 2022 by J.A. Gavranich Custom Home Builders offers a better than new construction opportunity, thoughtfully furnished and move-in ready for the discerning luxury home buyer. The exterior is adorned with Everlast composite clapboard siding that elegantly marries timeless aesthetics with modern durability. Mahogany shades the front porch accented by a Carolina blue Therma-Tru Classic Craft front door, offering an inviting space to soak in the coastal ambiance. Inside, an open-concept interior seamlessly connects the foyer through an expansive living area and dining space graced with craftsman-style trim, flowing into a gourmet kitchen, replete with Cafe series appliances overlooking the pool. Adjacent, you’ll discover the powder room and laundry room graced with a convenient side access door, providing effortless entry from the beach or pool. Boasting 4 bedrooms and 3.5 bathrooms including 2 ensuite baths, and a versatile top-floor study which could serve as an additional bedroom with a private deck offering captivating views. Step into an enchanting backyard oasis, where a heated salt-water gunite pool, embraced by 6-foot privacy fencing, beckons you to unwind while an outdoor shower invites rejuvenation after a day at the beach or pool. The property offers off-street parking for two cars and is prepped for the addition of an elevator, backed by a transferable new construction homeowners’ warranty. The elevator shaft has been finished into spacious closets, providing ample storage options. Dual-zone high-efficiency Trane gas heaters and air conditioners further elevate the appeal of this exceptional residence. Your new level of luxury living awaits!

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