Lavish Vacation Home with Excellent Rental Potential
A vacation home is a luxury item. As a secondary home, this property is available for you to utilize at any time. It can be quite relaxing to know that you are able to step away from your busy life on a whim. But maintaining a vacation home can be costly and tiresome, especially when the property remains empty a large chunk of the year.
In addition to allowing you moments of Zen and escape, vacation homes in Ocean City also offer lucrative income opportunities. As families shift away from the hotel experience, the lure of the vacation rental increases.
Nestled in Mid-town Ocean City, 8407 Atlantic Ave #A offers stunning oceanfront properties with a small-town feel. This location is a lavish home with fantastic Beach and Ocean views. Decadent living emanates throughout, with 3 Oceanfront balconies and 2 Oceanfront master bedrooms. A large, gourmet kitchen anchors the open-concept floor plan, allowing flowing views on the Main Floor.
4 bedrooms with 4 full and 2 half baths, this home offers over 3200 square feet and vast Ocean Views, creating an ideal escape from the pressures of life – the perfect getaway destination. The back door opens to a private walkout, allowing personal access to the dunes and beach. Amenities include a generous 2-car garage, elevator, outdoor shower, and much more. The property has never been occupied and is being sold newly furnished with no HOA or Condo Fees.
At $1,399,000, this property is a one-of-a-kind, amazing Luxury Oceanfront Beach Home. The estimated monthly mortgage payment is $6,008.11. This property projects a rental income that allows you to recover most costs. The lowest projected weekly income for Off-Season is $2,900, with the Highest Projected Weekly Income for Peak Season at $6,595. Based on a 10-week rental schedule, your rental market analysis projects a Potential Net Rental Income, after Projected Expenses, at $53,609.40. This property has a projected Potential Net Rental Income, after Projected Expenses, of $68,568.90, based on a yearly rental schedule.
To learn more about 8407 Atlantic Avenue A, Ocean City, MD, 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.
