Bay Front Views with Impressive Rental Potential
Most dream of their own private paradise – escaping to the beach at a moment’s whim. Property in Ocean City provides a close getaway without requiring long travel times.
Typically, you are only able to vacation once or twice throughout the summer, forcing your secondary dwelling to sit idly by awaiting your return. Purchasing a home with excellent rental potential allows you to escape while providing income when stuck in the city.
This home will quickly earn income to recoup your expenses and provide long-term investment benefits.
Custom-built as a Builder’s Personal Property – this home exudes luxury and excellence for you and your family. Plenty of natural light flows throughout the home’s open, airy layout. The main living area flows into the dining room with a gas fireplace. Huge windows and glass sliding doors magnify the openness of the living space and lead out to the rear decks. Cathedral ceilings contribute to the vast open feel. Crown molding brings an element of elegance to the space.
Panoramic views with private dock and boat lift blend water with home. The beauty of the water complements this property. The sprawling entertaining spaces flow outside to multi-level sun decks and tranquil bay views. First-floor Master Suite offers a built-in dressing table and en-suite tile bath with soaking tub. Upstairs are guest rooms with private baths plus a huge 3rd-floor bonus room with Ocean City skyline views. Extras include in-ground sprinklers, insulated windows, off-street parking, storm doors, and a jet tub.
This bay front property lists at $1,140,000. With 20% down, the estimated monthly mortgage payment is $4288.56 equaling $51,462.72 annually. Projected yearly total operating income is $73,103, with weekly rental income ranging from $7,295 in-season to $2495 off-season. Your total expense would be offset with sizable income allowances.
To learn more about 13461 MADISON AVENUE and this amazing community, contact Mechelle Nichols, Luxury Collection Specialist, at (410) 430-1575 (cell) or [email protected].
Our unique staging process maximizes the appeal and marketability of your property.
Our unique staging process maximizes the appeal and marketability of your property.
Amenities include a beachfront restaurant in Ocean City, and a public Yacht Club in Ocean Pines.
The Parke at Ocean Pines is six miles west of Ocean City and its famous Maryland Boardwalk.
Ocean Pines community is an oasis from the hustle and bustle of Ocean City.
The swimming pools are by far one of the best ways to relax during the summer.
It’s that time of year again the Eastern Shore recently celebrated White Marlin Open.
Whether you are young or young at heart, Ocean Pines is a hidden gem close to the beach.
During their first year as a fire department, they responded to a total of 12 calls for service.
