13444 Madison Ave, Ocean City, MD 21842

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13444 Madison Ave, Ocean City, MD 21842

$557,500 (Active)

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Listed by: Kelly Williams - RE/MAX Realty Centre, Inc.

$$557,500

Active

est.$557,500/month.

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3 beds. 2 baths. 5,000 Sqft.

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13444 Madison Ave, Ocean City, MD 21842

$557,500

Active

est.$557,500/month.

Start My Approval

3 beds 2 baths 5,000 Sq.ft.

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Property details for 13444 Madison Ave, Ocean City, MD 21842

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!

Broker details: RE/MAX Realty Centre, Inc.

Listed by: Kelly Williams
Listagent State License: 603911

Property Description