$557,500

13444 MADISON AVE, Ocean City, MD 21842

  • 3 beds |
  • 2 baths |
  • 2,000 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $279/sqft
  • Property List Date Icon Listed 3 years ago

Property Description

Opportunity knocks! The home is in need of some work as you will see upon entering, but it has potential for many things. Situated on an oversized corner lot with water views from three sides, this property offers room to add 2+ levels, as zoning laws allow building up to 45 feet. Zoned R-3 for multi-family and residential. Approved variances are in hand, including a variance for a second and third floor cantilever, making expansion plans even more attainable. Variance for an auxiliary dwelling unit (ADU) also in hand. If necessary, the current owner is open to a joint venture to see the project through to the finish line. Ideal for an investor looking to make a profit or someone looking to build a primary residence, a vacation getaway, an investment opportunity—or all of the above!

Listing Status:
Active
Date Added:
August 3, 2022
Data Last Updated:
July 5, 2026 at 9:19PM
Listing Office:
RE/MAX Realty Centre, Inc. : 3017745900
Listing Agent:
Kelly R Williams : 3013255308
MLS ID:
MDWO2009464
  • Laundry: Main Floor
  • A/C: Central A/C
  • Heating: Baseboard - ElectricElectric
  • Fireplace: FireplaceFireplaces: 1
  • Disability Feature: None
  • General: Above GradeBelow Grade
  • Style: Colonial
  • General: BrickVinyl Siding2Crawl Space
  • Originating MLS: BRIGHT_MAIN
  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • County: WORCESTER-MD
  • Zoning: R-32410000831
  • View: BayCanalWater
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN
  • Exclusions: As-Is

This listing courtesy of Kelly R Williams , RE/MAX Realty Centre, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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