11200 Coastal Highway UNIT 409
Ocean City, MD 21842

Welcome home to this stunning ocean front unit at The Rainbow! This unit offers direct ocean front views as well as views of the Bay affording the option to view the sunrise or the sunset! With two balconies, one on the ocean overlooking the pool and beach and a second gated balcony on the bayside, the outdoor space abounds. You will be impressed from the moment you enter this lovely, turn-key home from the updated kitchen to the LVP flooring, newer carpet, plantation shutters, lovely decor and spacious bedroom. The current owners also installed hurricane shutters which are not a requirement but a well thought out option for the most discerning owner. New Lennox high-efficiency HVAC installed in 2016. Boasting nearly 1000 square feet, this one bedroom unit that currently sleeps 5 can be converted into a 2 bedroom should the new buyer choose. The option is there and has been done in the building with a two similar units in the 9 stack (109 and 1009). New buyer must honor the current 7 rentals booked for 2022 season through Coastal Resort Rentals. Unit is being sold fully furnished and currently sleeps 5. About the building: -98 UNIT BUILDING SMALLER OCEAN CITY HIGH RISE WITH A FULL-TIME PROPERTY MANAGER, 3 MAINTENANCE PERSONNEL, PLUS ADDITIONAL SUMMER HELP INCLUDES LIFEGUARD, NIGHTTIME SECURITY, AND GATEHOUSE CHECKERS - LARGE L-SHAPED OCEANSIDE POOL WITH AN ADJACENT KIDDIE POOL ON A LARGE THREE LEVEL DECK -BUILDING HAS RESTROOMS LOCATED ON FIRST FLOOR -BUILDING SERVICED BY TWO ELEVATORS (ONE BEING A CONTRACTORâS SIZE ELEVATOR) -COASTAL RESORT SALES & RENTALS LEASES AN OFFICE ON THE FIRST FLOOR PROVIDING DIRECT RENTAL ASSISTANCE TO OWNERS & RENTAL GUESTS. (Please not for financing!) -BUILDINGâS ROOF RE-COATED IN 2021 WHICH INCLUDES 10 YEAR WARRANTY -BUILDING IS IN FINAL PHASE OF RECAULKING & COATING BUILDING ON THE WESTSIDE OF THE BUILDING -NEW EMERGENCY BUILDING GENERATOR INSTALLED 2020 AND RELOCATED BY STREET (MOVE OF GENERATOR ALLOWED LOBBY TO BE ENLARGED). -THE RAINBOW IS IN MIDDLE OF AN ARCHITECTURALY DESIGNED LOBBY REMODELING RENOVATION & EXPANSION. RENOVATION INCLUDES INSTALLATION OF TERRAZZO FLOORING, MULTI LEVEL CEILING, SEATING AREA, AND NEW CLUSTER MAILBOXES WITH PARCEL BOXES. COMPLETION DATE IS PROJECTED BY THE MIDDLE OF MAY 2022. -ASSIGNED PARKING SPACES BETWEEN MEMORIAL DAY WEEKEND AND THE END OF SUMMER, UNIT 409 IS ASSIGNED ONE SPACE UNDER BUILDING BY EASTSIDE WALL. ADDITIONAL SPACES CAN BE RENTED THROUGH THE BUILDING MANAGER BY OWNERS & GUEST. THERE ARE LIMITED VISITOR SPACES AVAILABLE FOR DAY USE, - 2015 FEMA UPDATES THROUGH TOWN OF OCEAN CITY SUIT THE RAINBOW IS NOT IN FEMA REQUIRED FLOOD INSURANCE ZONE.