409/807 E 8th St

Off Market

409/807 E 8th St

Ocean City NJ 08226

Condo

Last sold for $170,000

Michael Maina III, last sold this property on 28 May 2025 after 137 days on market.

Overview

Your Beach Getaway Awaits?Prime Location & Proven Income! Welcome to 807 E 8th Street #409, your perfect slice of paradise in the heart of Ocean City! This charming, turnkey efficiency places you just steps away from Ocean City's pristine beaches and iconic boardwalk. Enjoy the ultimate convenience of being less than a block from sun-soaked shores and the vibrant shops, restaurants, and entertainment along bustling Asbury Avenue. Strong Rental History & Impressive Returns: This unit offers excellent income potential, having generated over $18,000 gross in 2024, with realistic projections to surpass $20,000 annually. Current bookings for 2025 already total approximately $5,800 as of March 31?typically just 25% of yearly reservations. Historically, the property experiences strong rental demand between April and June, accounting for approximately 41% of annual income, consistent occupancy during peak summer months (July?August, approximately 25%), and continued bookings through the quieter September?December season (approximately 9%). Annual operating expenses?including HOA fees, linens and rental service, cleaning, insurance, licensing, WiFi, Airbnb, and utilities?are approximately $9,500?$9,900. Enjoy the convenience of running a highly rated (4.9/5 star) Airbnb remotely by taking advantage of the hotel?s own laundry/linens, toiletry, and front desk services (just $1,100/year, charged per rental with no obligation to use) and an on-site, highly reputable cleaning service for seamless turnover between guests (also no obligation to use). Alternatively, owners choosing private enjoyment without rentals can anticipate very manageable carrying costs of around $5,000 per year. Don?t miss this opportunity to own a property that effortlessly blends leisure, lifestyle, and lucrative investment potential. Schedule your private showing today!

Features

1 bathroom

Condo

Estimated Value

Based on this property and similar condos sold in Ocean City over the last 12 months, the estimated median property value of 409/807 E 8th St is $949.41k.

Median value

$949.41k

Estimated value range

$139k - $4.75m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Ocean City. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 409/807 E 8th St

2025

Sold

$170,000

28 May 2025 by Michael Maina III, of BERGER REALTY-Main

2022

Sold

$151,000

14 Oct 2022 by Caroline Watts, of BHHS Fox & Roach-109 34th St Ocean City

2022

Sold

$119,000

14 Jan 2022

Happy sellers in Ocean City

97%

97% of sellers in Ocean City reported that their sale price either exceeded or met their price expectations.

Ocean City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Ocean City over the last 12 months.

Local market activity for condos in Ocean City

In the last 12 months, 452 condos similar to 409/807 E 8th St, have been sold.

This represents a 17% increase in condos sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Ocean City for a market analysis.

WILLIAM MACK, JR.

at BHHS Fox & Roach-109 34th St Ocean City

(11 reviews)

Get a market analysis

MELISSA J ANTHONY

at Coldwell Banker Argus Real Estate

(11 reviews)

Get a market analysis

LOIS JACOB

at WEICHERT REALTORS ASBURY GROUP-OC

(3 reviews)

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Diane Colburn

at Coldwell Banker Realty

(14 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Ocean City

WILLIAM MACK, JR.

WILLIAM MACK, JR. is an award winning recommended agent for Ocean City. They have 3 local sales and collected 3 local reviews across the last 12 months.