150 Captains Quarters Rd, Ocean City, MD 21842

Property Description

Let's get the obvious part out of the way first... there's no kitchen. No walls. No bathrooms. In fact, the best part about the inside, is that there's nothing there.** And for the right buyer, that's what's so exciting!   ---- Priced at **$280,000**, 150C Captains Quarters Road isn't being sold as a finished Ocean City beach house. It's being sold as the opportunity to reimagine and create your own dream-home... inside an existing WATERFRONT, END-UNIT townhome where some of the hardest and most expensive pieces of the equation are already sitting right in front of you. ---- Start with the real estate itself. This is fee-simple ownership with **NO condo fees and NO HOA**, subject only to recorded covenants and restrictions that run with the deed. You own the townhome, two parking spaces, and your waterfront boat slip with an electric lift. No separate slip lease. No monthly condo fee.. If boating is part of why you're buying in Ocean City, the value here is evident. ---- The approximately 1,200-square-foot home was originally configured as a 3-bedroom, 2.5-bath beach house. Last winter, a water-main leak caused interior damage. The property was professionally remediated by a licensed local remediation company, with corresponding remediation certifications and inspection documentation available for review at contract. ---- What remains today is essentially the shell of that home. Interior finishes have been removed, leaving a bare-bones, stick-frame interior ready for reconstruction. Read that however you'd like.....Yes, it means there's work to do. A LOT of it. ---- It also means you're not paying for somebody else's kitchen before tearing it out. You're not deciding which flooring you can tolerate for another five years. And you're not spending your first weekend removing bathrooms you never liked in the first place. You're starting with an established waterfront structure and getting the unusual opportunity to decide what goes back inside it. ---- Outside, the story is considerably more complete. The exterior remains intact, this is an END UNIT, and your private boat slip with electric lift sits right outside. From here you have full boating access to the bay with no bridge-height restrictions, whether the plan involves fishing, cruising, watersports, or simply having the boat waiting behind the house instead of somewhere else. ---- Then there's the location. Captains Quarters Road is tucked off Jamestown Road in North Ocean City, giving you the waterfront lifestyle without putting you far from the other reason you came here in the first place. The beach is nearby, along with North Ocean City's restaurants, shopping, entertainment, watersports and everyday conveniences. You're also positioned for easy access north toward Fenwick Island or south through the rest of Ocean City. ---- At **$280,000**, this isn't a conventional Ocean City listing... and it isn't intended for a conventional Ocean City buyer. ---- It's for someone who can look past what ISN'T here today and understand what already IS: **Fee-simple waterfront ownership. No HOA. No condo fees. End-unit townhome. Approximately 1,200 square feet. An original 3BR/2.5BA footprint. Two parking spaces. Private boat slip. Electric boat lift. Full boating access. And a blank interior ready to become whatever comes next. ----** The property is being sold strictly **AS-IS, WHERE-IS**. Due to its current condition, conventional financing offers will not be considered. **Cash and appropriate renovation/construction financing will be considered.** Buyers should perform their own due diligence regarding condition, reconstruction requirements, permits, financing, and intended use. ---- The seller anticipates significant interest and **multiple offers are expected**. If this one makes sense to you, don't assume you'll get a second chance. **Submit your highest and best offer.**