9100 Coastal Hwy Highway Unit #1002, Ocean City, MD 21842

$749,000
2
BD
2
BA
1,136
SqFt
List Price
$749,000
Days on Market
143
Status
ACTIVE
MLS#
MDWO120204
Bedrooms
2
Bathrooms
2
Full Baths
2
Living Area
1,136
Style
Coastal, Unit/Flat
Year Built
1991
County
Worcester
School District
Worcester County Public Schools

Property Description

Forget Location, Location, Location. Princess Royale Resort 2 Bedroom Condo 1002 has the best Location Plus: Amenities, High Year-Round Rentals, and Management! Location: Ocean Front in the heart of Mid-Town Ocean City. Wide sandy beach. Easy walk to 10 restaurants in addition to on-site award winning Schooners, shopping, Art League classes, tennis, and playground. Amenities: Largest indoor pool in OC, Hot Tub, Saunas, Ocean Front dining and tiki bar with live entertainment, Room Service, Creative Day Spa, Convenience Store, Gift Shop, Fitness Room, Game Room, 24 hr Front Desk and Security, Assigned Garage and Valet Parking, Bell Service, Concierge, Cafe on the Green, Banquet and Wedding Venues, Beach Chair and Umbrella Service, Fiber Wi-Fi, daily or weekly Housekeeping Services, Grocery Delivery Service, and Supervised Children's Activities. Highest Year-Round Rentals: $73,000 Gross 2019! Now renting for over $1,200 per night on peak nights this summer. Princess Royale has a huge off-season group base with over 30,000 sq ft of Meeting Space and 1002 is the top choice of VIP's and Group Leaders staying in town. Management: Year-Round, Local, Innovative Hospitality Professionals. Many Key Members have been with the Princess Royale for over 25 years delivering the very best vacation and meeting experiences. Consistently Top Ranked on Trip Advisor - see the Independent Reviews! A very rare opportunity, as the last 2 bedroom condo at the Princess Royale sold over 6 years ago. Unsurpassed rental income with the ability to enjoy this penthouse Condo with your family and friends at your request. Fieldstone handmade cabinetry, Stainless GE Profile and Kitchenaid Appliances, New HVAC in 2019, Tommy Bahama Bedding, and Miles Talbot Furniture. The Resort is wrapping up a $2.5M renovation (already paid for) this Spring including Starbucks Coffee Shop, OceanFront Bar and Grille, new elevators roof and life safety system. A very unique opportunity, nothing else like it in Ocean City.

Additional Information

Area
Direct Oceanfront (80)
Subdivision
None Available
Building Name
Princess Royale
Taxes
$5714
Condo Fee
$805
Amenities
Bar/Lounge, Beach, Beauty Salon, Cable, Common Grounds, Concierge, Convenience Store, Dining Rooms, Elevator, Exercise Room, Fitness Center, Game Room, Gift Shop, Hot tub, Meeting Room, Picnic Area, Pool - Indoor, Sauna, Security, Spa
School District
Worcester County Public Schools
Garage Spaces
1
Community Amenities
Bar/Lounge, Beach, Beauty Salon, Cable, Common Grounds, Concierge, Convenience Store, Dining Rooms, Elevator, Exercise Room, Fitness Center, Game Room, Gift Shop, Hot tub, Meeting Room, Picnic Area, Pool - Indoor, Sauna, Security, Spa
Heating
Heat Pump - Electric BackUp
Heating Fuel
Electric
Cooling
Heat Pump(s)
Water
Public
Sewer
Public Sewer
Furnished
Yes

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Rutherford Realty.