Agent Takes: New OCNJ Property Listings for January 22, 2024

Listing #1 – 38 Arkansas Ave

Property Features: 2,838 Sqft, 4 bedroom, 3.5 bathroom

The Price: $4,344,000

Agent Hot Take 🔥: An incredible piece of property. This home is on an 80 x 106-foot lot and sits right on the bay. This is one of the nicest streets you can be on when talking about the bay, and the lot is one of a kind. I think this will sell. Whoever buys it will have some deep pockets and tear it down to build something special. It truly is a one-of-a-kind property. I don’t love the fact that it isn’t an open bay view, but being tucked in a bit has its benefits, too!

Property Description: Here’s your opportunity to own a single family home on the Sunny Harbor lagoon in the desirable Riviera section of Ocean City. Sitting on a fantastic 80′ x 106′ lot, this home has been loved by the same family for over 25 years and now it’s your turn to make it your own, or build your own! Three bedrooms are on the 2nd level consisting of a junior suite, a hall bath and two guest rooms. Up on the upper level, you’ll find a huge master suite with an attached office, ensuite bath with tub, shower and double sinks, and access to the upper deck with amazing views. A gorgeous rear multi-level deck with awning, two boat docks and an in-ground pool make this a summer playground paradise! Plenty of off-street parking, lovely landscaping, staircase to upper deck, and phenomenal views are just a few of the features of this spacious home offering over 2800 square feet of living space.

Listing #2 – 1004 Asbury Ave Unit C

Property Features: 2,200 Sqft, 5 bedroom, 3 bathroom

The Price: $1,250,000

Agent Hot Take 🔥: This is a nice 5-bedroom, 3rd-floor unit. I don’t love the location, though. I’ve written about triplexes as well, and I’m not a huge fan of those, either. However, for a new 5-bedroom like this in the downtown area, the price is good. This is a great property for an investor. A 5-bedroom in this area should generate around $70k, maybe a little more, per summer. This is a good investment property.

Property Description: NO CONDO FEES! NO RENTAL RESTRICTIONS! PET FRIENDLY!! Quick Sale Possible! Investor Alert- Can Also Make a Great Airbnb! Use it Part Time and Rent it Part Time to Offset Costs! Fantastic Downtown Location and Walking Distance to Everything Ocean City Has to Offer. Enjoy the Open Floor Plan, Vaulted Ceilings, and Firework Views, see Photos. This Spacious and Fabulous Top Floor Condo Features 5 Bedrooms, 3 Upgraded Full Baths, Gas Fireplace, Hardwood Floors, Full Size Washer/Dryer, Stunning Bright Custom Kitchen with Quartz Countertops, and Stainless Steel Appliance Package! Enjoy the Airy Open Concept Living/Dining Space with Vaulted Ceilings Perfect for Entertaining the Whole Family. Condo is Turn Key and Ready for Immediate Occupancy. This Unit Also Includes a One Car Garage with EV Charging Station, 2 Driveway Parking Spots and an Outside Shower. This is the Perfect Location to Pull In, Park the Car and Enjoy a Short Walk to All of the Amazing Asbury Shops, Restaurants, Beach and Boardwalk! This Condo is a STEAL! Neighboring Unit Recently Sold for $1.55M. Priced under FMV! Take Advantage of the Booming Rental Market in Ocean City with Vacation Rental Potential! Don’t Wait, Call Today!!!

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