For Sale: $359999, 10002 COASTAL HWY #307, OCEAN CITY, MD, 21842 MLS: MDWO2038518

MDWO2038518

For Sale: 10002 COASTAL HWY #307, OCEAN CITY, MD, 21842

1
Beds
1.1
Bath
$359,999
Price
720 Sq. ftLiving Area

Welcome to Marigot Beach Resort, a rare opportunity to own a premier uptown Ocean City oceanfront residence offering the perfect blend of lifestyle, location, and long-term income potential. Positioned directly along the shoreline, this one-bedroom, one-and-a-half bath condo captures sweeping water views and a direct connection to the beach that is simply unmatched at this price point. From the third-floor vantage point, you’re perfectly positioned to take in the sights and sounds of the Atlantic—where each sunrise becomes part of your daily routine and the rhythm of the ocean is always within reach. The open-concept layout allows the kitchen, dining, and living areas to flow seamlessly, all oriented toward the ocean and anchored by a private balcony that brings the salt air and coastal energy directly into your living space. Elevated just enough to enhance both privacy and perspective, this is the ideal setting for morning coffee, evening unwinding, and everything in between. Inside, the residence offers a clean, functional layout with 720 square feet of well-utilized space, including the added convenience of a rarely available half bath—an important feature for both owners and guests. While the unit has not yet undergone renovation, it presents a compelling opportunity for customization, allowing the next owner to design and upgrade at their own pace while immediately enjoying everything this oceanfront setting has to offer.
Designed for comfort and convenience, the unit includes central heating and air conditioning, an in-unit washer and dryer, and a fully equipped kitchen, making it move-in ready while still offering clear upside through future improvements. This unit conveys with one deeded parking space, along with abundant open guest parking along the Coastal Highway side of the building—an often overlooked but highly valuable feature during peak season. The building itself continues to elevate its appeal, featuring elevators, on-site management, and resort-style amenities including a recently remodeled indoor pool, hot tub, and a brand-new composite oceanfront sun deck. Combined with the outdoor pool and direct beach access, Marigot offers a true resort experience for both owners and guests alike. For buyers who recognize the long-term value of oceanfront real estate, this represents a rare opportunity to secure position first, while benefiting from a building that is actively investing in both its aesthetics and overall infrastructure. Beyond the unit, the location is simply unmatched. Adjacent to the Ashore Resort, you’ll enjoy immediate access to multiple dining venues, a vibrant tiki bar with live music, and one of the most desirable stretches of Ocean City’s coastline. With easy access to Fenwick Island, the boardwalk, and the Rehoboth outlets, this location continues to drive strong demand from both vacationers and second-home buyers alike. Whether you're seeking an affordable oceanfront retreat, a flexible second home, or a strategic investment, Marigot #307 delivers a compelling combination of lifestyle and financial upside. Currently operating as a vacation rental, the property already demonstrates strong rental appeal, while also offering clear long-term upside through future cosmetic improvements. With thoughtful updates, this unit presents a strong path toward generating approximately $50,000–$55,000 in gross annual rental income based on comparable one-bedroom performance within the building—offering the potential to significantly offset the cost of ownership while still allowing for meaningful personal use. Lastly, to allay any further concerns, the Sellers are including a comprehensive one-year home warranty so you can make your offer with complete confidence. Schedule your showing TODAY!

Status: Active
MLS #: MDWO2038518
Days On Market: 65
Taxes: $4072 / 2025
Property Type: Residential
Year Built: 1984
Lot Size: /
InteriorFeatures: Bathroom - Tub Shower, Breakfast Area, Combination Dining/Living, Floor Plan - Open, Kitchen - Galley, Upgraded Countertops
Courtesy of: RE/MAX Town & Country