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$945,000

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3 BD

3 BA

1,472 SqFt

Price Dropped by $40K

2 DORCHESTER ST #507 Ocean City, MD 21842

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Joanna Dieter

joanna@jhomesteam.com +1(410) 949-6855

UPDATED:

02/20/2025 03:40 PM

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Square Footage 1,472 sqft

Price per Sqft $641

Subdivision Non Development

MLS Listing ID MDWO2028522

Style Coastal

Bedrooms 3

Full Baths 2

Half Baths 1

Condo Fees $3,192/qua

HOA Y/N N

Abv Grd Liv Area 1,472

Originating Board BRIGHT

Year Built 2007

Annual Tax Amount $7,968

Tax Year 2024

Lot Dimensions 0.00 x 0.00

Property Sub-Type Condo/Co-op

Property Description

Breathtaking five star rated direct ocean, beach & boardwalk front corner condo in Belmont Towers with walkout access to the full length balcony from every bedroom plus the living room. Enjoy spectacular panoramic beach, boardwalk and ocean views through glass sliders and all new crystal clear windows from every room of this exceptional updated corner condo in Belmont Towers with strong rental history ($85,000 gross for the 2024 and 2023 season even with two owner use weeks and is nearly booked for the 2025 season through OC Beachfront Rentals with a net rental contract in place for 2025 that transfers to the new owner (OC Beachfront Rentals manages rentals, cleaning, linens and maintenance so all you have to do is collect the net rental payments if investment is your primary focus). This unit has the potential to do between $95,000 and $100,000 plus in gross rental income if desired; the current owners have preferred to use two owner weeks both of the last two years. This bright sun-lit condo and its furnishings were refreshed during 2022 through 2024; with many updates to the condo as well as its furnishings, is fully stocked in every way and has been meticulously maintained. With 3 bedrooms (5 beds including a King suite with a spa like bath that has a rainfall shower, Queen, Bunk with a full, twin and an additional twin trundle, plus an additional pull out Queen Sleeper in the living room), 2.5 baths and an open functional and spacious layout in the best location in town, this condo is sure to please every size group from smaller families to larger groups for all types of vacation, holiday or other gatherings. Watch an ocean sunrise over the beach from the balcony and end the day with sunset views over the bay. Sleep listening to the sound of waves crashing on the shore. Watch the Dorchester St fireworks, Oceans Calling or Country Calling concerts and other events, or dolphin and people watch right from the comfort of your balcony. There is a rooftop pool that is located on the 12,500-SqFt sun deck that has a putting green and picnic tables, and there is also a fitness center, sauna and more. Park your cars in the two reserved owner spaces in the gated parking garage with elevators and luggage carts available for added convenience and walk to everything including the world famous boardwalk and pier, restaurants, water sports, shopping, mini golf and more.

Location

State MD

County Worcester

Area Direct Oceanfront (80)

Zoning RESIDENTIAL

Rooms

Main Level Bedrooms 3

Interior

Interior Features Bathroom - Soaking Tub, Bathroom - Stall Shower, Bathroom - Walk-In Shower, Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Crown Moldings, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Flat, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Pantry, Primary Bath(s), Primary Bedroom - Ocean Front, Recessed Lighting, Sprinkler System, Upgraded Countertops, Window Treatments

Hot Water Electric, 60+ Gallon Tank

Heating Forced Air

Cooling Central A/C

Flooring Luxury Vinyl Tile, Ceramic Tile

Fireplaces Number 1

Fireplaces Type Corner, Gas/Propane, Marble

Inclusions Fully furnished as shown.

Equipment Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Dryer - Electric, Dryer - Front Loading, Energy Efficient Appliances, ENERGY STAR Clothes Washer, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, Exhaust Fan, Icemaker, Oven - Self Cleaning, Oven - Single, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading, Washer/Dryer Stacked, Water Heater, Water Heater - High-Efficiency

Furnishings Yes

Fireplace Y

Appliance Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Dryer - Electric, Dryer - Front Loading, Energy Efficient Appliances, ENERGY STAR Clothes Washer, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, Exhaust Fan, Icemaker, Oven - Self Cleaning, Oven - Single, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading, Washer/Dryer Stacked, Water Heater, Water Heater - High-Efficiency

Heat Source Electric

Laundry Main Floor, Washer In Unit, Dryer In Unit, Has Laundry

Exterior

Exterior Feature Balcony

Parking Features Inside Access

Garage Spaces 2.0

Amenities Available Fitness Center, Pool - Outdoor, Common Grounds, Elevator, Exercise Room, Extra Storage, Meeting Room, Picnic Area, Putting Green, Sauna, Swimming Pool

Waterfront Description Sandy Beach

Water Access Y

Water Access Desc Public Beach,Public Access

View Ocean, Water, Panoramic, Bay

Roof Type Metal

Accessibility None

Porch Balcony

Total Parking Spaces 2

Garage Y

Building

Story 1

Unit Features Hi-Rise 9+ Floors

Sewer Public Sewer

Water Public

Architectural Style Coastal

Level or Stories 1

Additional Building Above Grade, Below Grade

Structure Type 9'+ Ceilings,High,Dry Wall

New Construction N

Schools

School District Worcester County Public Schools

Others

Pets Allowed Y

HOA Fee Include All Ground Fee,Common Area Maintenance,Ext Bldg Maint,Gas,Health Club,Insurance,Management,Pool(s),Recreation Facility,Reserve Funds,Security Gate,Trash,Sauna

Senior Community No

Tax ID 2410757843

Ownership Fee Simple

Security Features Carbon Monoxide Detector(s),Fire Detection System,Security Gate,Smoke Detector,Sprinkler System - Indoor

Special Listing Condition Standard

Pets Allowed No Pet Restrictions

Listed by John C Williams • VRA Realty

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Joanna Dieter

Agent | License ID: 665620

+1(410) 949-6855

2 DORCHESTER ST #507 Ocean City, MD 21842

Joanna Dieter

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2 DORCHESTER ST #507