Old Orchard Beach
$524,900
78 E Grand Avenue
mls: 1657083
Bedrooms: 3
Bathrooms: 2
Year Built: 2004
Sq Footage: 1,457
Lot Size: 0.33
Taxes: $6,132
Status: Active Under Contract

Welcome to an exceptional oceanside investment opportunity! Ideally situated just one block from the beach and a short stroll to the iconic Old Orchard Beach Pier, this beautifully decorated, turn-key property offers the perfect blend of convenience, comfort, and strong income potential.

Listed by: The Collective Real Estate Co

Welcome to an exceptional oceanside investment opportunity! Ideally situated just one block from the beach and a short stroll to the iconic Old Orchard Beach Pier, this beautifully decorated, turn-key property offers the perfect blend of convenience, comfort, and strong income potential. Step into a thoughtfully designed space featuring expansive bedrooms and large, well-appointed bathrooms, highlighted by updated finishes and inviting coastal charm. Whether for personal use or as a short-term rental, this 3 bedroom unit that conveys fully furnished is move-in ready and positioned for immediate enjoyment or continued success. A standout feature is the remarkably low HOA fee, which includes heat, electricity, water, sewer, and Wi-Fi--providing exceptional value and predictable operating expenses. The property also offers parking for two vehicles, a highly desirable feature in this prime beach location. This unit is the largest and only 3 bedroom in the association. It includes an expansive private deck and encompasses an entire second floor, giving it a rare stand alone feel with the convenience and benefit of a condo community. With a strong rental history, consistent 5-star ratings on Airbnb and VRBO and an NOI of over 50k, this property has a proven track record as a high-performing investment. Whether you're seeking a personal getaway, a reliable income-producing property, or both, this opportunity truly delivers.

Listed by: The Collective Real Estate Co

Above Grade Finished Area
1457.00
Accessibility Features
Appliances
Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
Architectural Style
Other
Association Fee
295.00
Basement
Interior Entry, Full, Unfinished
Bathrooms Full
2
Bathrooms Half
0
Bathrooms Total Integer
2
Bedrooms Total
3
Below Grade Finished Area
0.00
Body Type
Building Area Total
1457.00
Construction Materials
Wood Frame, Vinyl Siding
Cooling
Heat Pump
Cooling Yes/No
1
Electric
Circuit Breakers
Exterior Features
Fireplaces Total
0
Flooring
Tile, Wood
Foundation Details
Green Energy Efficient
Heating
Electric, Baseboard, Heat Pump
Heating Yes/No
1
Interior Features
One-Floor Living
Laundry Features
Lot Features
Intown, Near Public Beach, Near Shopping, Near Railroad, Level, Open Lot, Sidewalks
Lot Size Acres
0.3300
Other Equipment
Other Structures
Parking Features
Common, Paved, 1 - 4 Spaces
Patio And Porch Features
Deck
Pets Allowed
Size Limit
Property Condition
Roof
Shingle
Rooms Total
5
Sewer
Public Sewer
Tax Annual Amount
6132.00
Utilities
Water Source
Public
Waterfront Features
Nearby, Public
Year Built
2004
Zoning
BRD