12 42ND ST #203, Ocean City, MD, 21842

Wow, what a great retirement option or home away from home to step away from the rat-race! This beautiful 2-bedroom, 2 bath condo is merely a few steps away from the OCEAN! No need to crossover the busy highway and take unnecessary risks. Tote your chair and cooler a very short distance to the peace and tranquility of the waves coming in. Enjoy a sunrise as you meditate, the peak of the sun or a nice evening with your feet in the sand and a cocktail in hand. Imagine how easy and peaceful your life will be as the new owner of this cozy home. The seller will give a $2,800 credit to your closing costs to replace the front door and windows in bedrooms. There are wonderful updates in progress which require capital expenditures -2 of the 4 already paid for by the Seller. A new elevator is already in place which is state of the art! Mystic Point is heading toward an upscale pristine location where future owners will love their home even more so once renovations are complete! Once repairs are made with waterproofing, etc. they will be updating the exterior with new paint to look more nautical. I believe it’s been determined to use a light blue color on majority of the project with darker blue accents and white railings. There will be a sample on part of the building very soon so residents and future residents can see what the finished project will look like. By the time they’re done, the project will be like new. Don't miss out! You will find that Unit #203 is one of the best options in Mystic Point! Mid-town location is across the coastal highway from the Convention Center! RE: Capital Expenditure There are four installments of $6458.33. My client has paid the first and second installment. Next installment is July 1, last installment is Oct. 2023. There will be another Capital Expenditure next year as well with the same financial investment to bring this project to totally renovation status. Just like any renovation project, values always increase when a property is like new again. And being like new again and on Oceanside within steps to the beach, it's no doubt a great investment for those who know how values increase after a renovation project! Remember you are safely just steps from the Ocean and no major highway to cross! Owner is considering retaining the property and holding or re-listing after the renovation project is completed.