An exceptional opportunity awaits savvy investors! Presenting a meticulously curated portfolio of five luxurious short-term rental units in the heart of Ocean City, MD. This portfolio offers both immediate revenue potential and long-term growth opportunities with a 15 year history of strong rental income and occupancy rates. Nestled in sought-after areas of Ocean City, moments away from beaches, entertainment, dining, and local attractions. These multi-level 4 bedroom/3.5 bathroom units are fully furnished and are able to accommodate large groups of up to 14 people per unit. Units come equipped with stainless steel appliances, granite countertops, a balcony in each bedroom, and enclosed garages that make them a must have for renters in the area. Some units offer breathtaking views of the ocean, providing guests with a memorable coastal experience. This turnkey portfolio is primed for continued success in the thriving short-term rental market of Ocean City. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a lucrative opportunity, this collection of properties promises both immediate returns and long-term appreciation potential.
This property is $3.2M more than the Median Sold Price and $1.3K/SqFt more than other homes in Ocean City, MD.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #MDWO2018470
Listing Office:
Office Name: Redfin Corp
Office Phone: (301) 658-6186
Listing Agent: Berna Kimber
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
10
/10
Ocean City Elementary School
12828 Center Dr
Distance between this listing and this school3.34 miles
Public District Grades PK-4
Middle School
8
/10
Stephen Decatur Middle School
9815 Seahawk Rd
Distance between this listing and this school7.36 miles
Public District Grades 7-8
7
/10
Berlin Intermediate School
309 Franklin Ave
Distance between this listing and this school8.64 miles
Public District Grades 4-6
High School
6
/10
Stephen Decatur High School
9913 Seahawk Rd
Distance between this listing and this school7.35 miles
Public District Grades 9-12
Assigned Schools
10
/10
Ocean City Elementary School
12828 Center Dr
Distance between this listing and this school3.34 miles
Public District Grades PK-4
Nearby Schools
6
/10
Buckingham Elementary School
100 Buckingham Rd
Distance between this listing and this school9.54 miles
Public District Grades PK-4
7
/10
Showell (Phillip C.) Elementary School
41 Bethany Rd
Distance between this listing and this school9.69 miles
Public District Grades PK-5
Assigned Schools
8
/10
Stephen Decatur Middle School
9815 Seahawk Rd
Distance between this listing and this school7.36 miles
Public District Grades 7-8
7
/10
Berlin Intermediate School
309 Franklin Ave
Distance between this listing and this school8.64 miles
Public District Grades 4-6
Nearby Schools
5
/10
Selbyville Middle School
80 Bethany Rd
Distance between this listing and this school9.46 miles
Public District Grades 6-8
Assigned Schools
6
/10
Stephen Decatur High School
9913 Seahawk Rd
Distance between this listing and this school7.35 miles
Public District Grades 9-12
Nearby Schools
5
/10
Indian River High School
29772 Armory Rd
Distance between this listing and this school14.10 miles
Public District Grades 8-12
3
/10
Sussex Central High School
26026 Patriots Way
Distance between this listing and this school22.11 miles
The neighbors living near this home have an average income of $44,474. Most Ocean City, MD residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5908 Coastal Hwy Unit 8A
What is the listing price of this property?
The listing price of 5908 Coastal Hwy Unit 8A property is $3,700,000.
What type of property is this?
The property 5908 Coastal Hwy Unit 8A is a house located in Ocean City, Maryland, 21842.
Is this property for sale now?
Active Listing: 5908 Coastal Hwy Unit 8A is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 5908 Coastal Hwy Unit 8A are: Ocean City Elementary School: GreatSchools Rating 10/10Stephen Decatur Middle School: GreatSchools Rating 8/10Berlin Intermediate School: GreatSchools Rating 7/10Stephen Decatur High School: GreatSchools Rating 6/10
How many bedrooms and bathrooms does this property have?
The property at 5908 Coastal Hwy Unit 8A has 20 bedrooms and 15 full and 5 half bathrooms.
What is the square footage of this property?
The property 5908 Coastal Hwy Unit 8A is 2,022 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5908 Coastal Hwy Unit 8A is 2007.
Interested in 5908 Coastal Hwy Unit 8A? Let's connect.
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This home is located at 5908 Coastal Hwy Unit 8A in Ocean City, MD and zip code 21842. This 2,022 square foot home was built in 2007. Features: 20 bedrooms, 20 bathrooms. It has been listed on Rocket Homes since January 17, 2024 and is currently priced at $3,700,000.
In March 2024, from all listings sold in Ocean City, MD there were more than 12 sold above asking price, over 61 sold below and more than 16 were sold right at the asked price. The number of homes for sale in Ocean City, MD increased by 9.3% between February 2024 and March 2024. Listings spent 45 days on the market in March 2024, and had a median list price of $440,233 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
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