What does $400,000 get you in Ocean City, Maryland real estate?

I walk through three different condos currently for sale in Ocean City, Maryland to show what you can get for around $400,000 in real estate as of June 2022. This will give you a good feel of the market and the location difference of a direct ocean front, ocean block and bayside condo. All can be great short term rentals or a dedicated vacation home for personal use here in Ocean City, Maryland at the beach.
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My specialties include:
Short Term Rental Investments (STR's)
Secondary Vacation Homes
Luxury Waterfront Properties
Residential Real Estate Flips/Remodels
Estate Home Sales
New Construction Purchases
Relocation
Rich Price is a local Maryland and Delaware Beach Real Estate Agent and marketing expert that helps people sell their home for more money in less time, buy the perfect vacation home and invest in real estate here at the beach. I live, work and play here at the beach so I have vast knowledge of the different surrounding areas, communities and condo buildings.
Looking to sell? I focus on your goals, type of property and will put together a paid highly targeted marketing strategy (Online and Offline) to find your most opportune buyer which brings more exposure to the right people and more offers to get the best deal to net more money. Quality over quantity.
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#hometour #oceancitymd #realestate
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Пікірлер: 36

  • @RichPrice_livebyoc
    @RichPrice_livebyoc2 жыл бұрын

    Let me know what your thoughts are if you own or like to stay on ocean side or bay side?

  • @JohnThomas-lq5qp

    @JohnThomas-lq5qp

    Жыл бұрын

    We stay at Coconut Malorie a week in the summer & Thanksgiving week. Bay side has the best sunset views but the bay is so shallow by Fagers Island seldom see any close by boats. Been on Ocean side at the Princess Royale off season and have a great view of the ocean and nice sunrises. I like the ocean side better during summer months. Trying to talk my wife into renting a ocean front room guess around 10 th Street the June weekend of the fantastic airshow.

  • @JR_SupportOurHeroes
    @JR_SupportOurHeroes Жыл бұрын

    Small world my parents owned #28 at Sunset Lagoon from 1986 to 1998 we had a boat dock I remember when they bought it brand new we stayed there off season often

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    Жыл бұрын

    Nice JR! Small world indeed. I bet you have many good memories from your parent’s place🎉

  • @DukeFame88
    @DukeFame88 Жыл бұрын

    If you can do without beach front and being on the island, look into west OC. The area is blowing up and for 400k, you can still find a house/townhouse with plenty of space. Condo fees in OC proper are ridiculous as well as the noise an traffic during summers. We bought a house in Ocean Pines in 2018 and don't regret it at all.

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    Жыл бұрын

    Thanks SR LC! Lots of good options over in West O and over you’re way in the Pines. Definitely can get more for your money the further from the beach.

  • @nosnerd1967
    @nosnerd1967 Жыл бұрын

    Just even painting some panelling would help . Easy updates. Number 2 is nice . Number 3 -hard pass Thanks for these vids and the insight they offer 🤛

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    Жыл бұрын

    Yes indeed! 💯

  • @bryanfugate2272
    @bryanfugate2272 Жыл бұрын

    Rich: The first one looks like the units my family stayed in back in the 70’s 😂😂. On both the first one & the Townhouse how bad is the flooding hazard?

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    Жыл бұрын

    Ha! Yes, indeed. I’ve been through many units that have been preserved in time🤣 Flooding is rare but could happen. Downtown OC seems to flood more easily on the bayside/street areas.

  • @livinginallentownpennsylva
    @livinginallentownpennsylva9 ай бұрын

    nice

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    9 ай бұрын

    Thank you🙌🏼

  • @minn5004
    @minn5004 Жыл бұрын

    I used to own a condo at Break away east ocean front 1 bedroom that I bought for 50,000 cash back in 1980, what is that worth today .I sold it for 100, 000 in 1989 what is it worth today?

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    Жыл бұрын

    Thanks ira! Congrats on that nice sale with your condo in Break Away. Haven't seen one pop up in that building in awhile but just saw a 1 bedroom in a similar setup just sell for $425K.

  • @Dutchbeach
    @Dutchbeach2 жыл бұрын

    They didn’t make the bed.....Hysterical.

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    2 жыл бұрын

    I know right! 🤣 Looked like I was there right before the cleaning service had a chance to show up possibly.

  • @Dylan-ji5ug
    @Dylan-ji5ug2 жыл бұрын

    When you said how much each unit brings "quarterly" what does that mean?

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    2 жыл бұрын

    Thanks Dylan. Those quarterly numbers I mentioned are the condo fees that the unit owner would pay that goes towards building maintenance, amenities upkeep, insurance, landscaping, reserve funds….etc.

  • @Dylan-ji5ug

    @Dylan-ji5ug

    2 жыл бұрын

    @@RichPrice_livebyoc oh! I see. Thanks! I have been saving a lot and trying to at some point get a rental unit. Super helpful channel

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    2 жыл бұрын

    @@Dylan-ji5ug Glad its helpful! I'll have more content coming out specifically on vacation rentals here in the area so stay tuned. Reach out when ready if you need help finding one. Rich@livebyoc.com

  • @kevinkiss3340

    @kevinkiss3340

    Жыл бұрын

    $1100. A Quarter 😢

  • @JohnThomas-lq5qp
    @JohnThomas-lq5qp2 жыл бұрын

    Got to be kidding. 400 grand for a unit with paneling from the 1960's & what looked like a window air conditioners built into walls. No thanks.

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    2 жыл бұрын

    That one was a bit over priced and all original for sure. I think it’s still sitting on the market. Helped a client purchase one last year in the same building for $319k ….about 90% remodeled.

  • @kevinhoffman8112

    @kevinhoffman8112

    2 жыл бұрын

    Many older units in Ocean City still use window air conditioning. As long as you have one in the living area and one in each bedroom you will be fine.

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    2 жыл бұрын

    @@kevinhoffman8112 You're right on! Probably 50% of places have them and they work fine. Seen some newer upgraded ones that do both A/C and Heat with smart phone capabilities. You can turn the A/C down or heat up while hours away.

  • @JohnThomas-lq5qp

    @JohnThomas-lq5qp

    2 жыл бұрын

    Do these caveman units still use ice to keep things cold in the ice box?

  • @kevinhoffman8112

    @kevinhoffman8112

    2 жыл бұрын

    And I don't even mind the wood paneling so much. Sometimes that retro look is pretty neat. As long as the unit is clean and well maintained I'm happy. I spent two weeks in a unit at Bridgepoint on the Bayfront I think it was 94th Street. It had wood paneling throughout. Very homey and comfortable.

  • @bigmikestein
    @bigmikestein2 жыл бұрын

    Ocean Front always !

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    2 жыл бұрын

    I like a quick walk to the beach myself!💯

  • @terryklender4209
    @terryklender4209 Жыл бұрын

    Wow, not much for 400k

  • @RichPrice_livebyoc

    @RichPrice_livebyoc

    Жыл бұрын

    Those units have really appreciated in the last couple of years. 🚀

  • @kevinkiss3340

    @kevinkiss3340

    Жыл бұрын

    You are correct. Lots of fees also!