1031 Discovery Avenue SE, Ocean Shores WA, 98569
(Active)
$3,500,000
|
12,018 sqft
|
MLS# 2202083
Last Updated: 5/9/2024 12:03 AM
Description for
1031 Discovery Avenue SE
Ocean Shores, WA 98569
Discovery Shores is a 26 unit apartment complex located across from the OS Interpretive Center and the OS Marina (currently not operating) at the South end of Ocean Shores. It is a short distance to the OS Community Club. The owner purchased this property in 2020 and invested over $500,000 in deferred maintenance, unit conversions and upgrades. The South end of OS is experiencing substantial growth led by Oyhut Bay, a walkable community nearby. At some point there will be a new owner developer of the marina and the value of this property will adjust upwards. Tenants can kayak on the freshwater canal system that fronts the property. Buyer could also purchase The Constitution Apt's, listed at $4.8 M. Total for both is $7.95 Million.
Price
$3,500,000
Ocean Shores
Grays Harbor
12,018 (approx)
2202083
Active
Description
Discovery Shores is a 26 unit apartment complex located across from the OS Interpretive Center and the OS Marina (currently not operating) at the South end of Ocean Shores. It is a short distance to the OS Community Club. The owner purchased this property in 2020 and invested over $500,000 in deferred maintenance, unit conversions and upgrades. The South end of OS is experiencing substantial growth led by Oyhut Bay, a walkable community nearby. At some point there will be a new owner developer of the marina and the value of this property will adjust upwards. Tenants can kayak on the freshwater canal system that fronts the property. Buyer could also purchase The Constitution Apt's, listed at $4.8 M. Total for both is $7.95 Million.
Listing Information
| Property Type: Multi-Family, 2 Story | ||
| 1.28 Acres | 12,018 (approx) | 1968 |
| 2 | Wood | Commercial, Multi-Family, Retail |
Ocean Shores
Slab
Public
Sewer Connected
Neighborhood
School Information
| District: North Beach | ||
| Ocean Shores Elem | North Beach Mid | North Beach High |
Room Information
Interior Features
Vinyl, Laminate
None
Electric Heating,
Baseboard
Laminate
Exterior / Lot Features
39 Parking Spaces,
Wood
Composition
Bay, Other, Canal
200 x 200
Community Golf Course,Paved,Sidewalk
Driving Directions
Drive into Ocean Shores on Pt. Brown Ave. Continue 5+ miles South. Turn left on Discovery Ave. Discovery Shores will be on your right at the corner of Mt. Olympus Ave.
Financial Considerations
| $165 Annually |
| 092900060203 |
| $11,980 |
Conventional
Listing Price History
Ocean Shores Real Estate
Ocean Shores is located in Washington. Ocean Shores, Washington 98569 has a population of 7,802.
The median household income in Ocean Shores, Washington 98569 is $53,295. The median household income for the surrounding county is $54,841 compared to the national median of $66,222. The median age of people living in Ocean Shores 98569 is 44 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 2/22/2024 | Active | $3,500,000 USD 226.05% |
|
| 8/21/2020 | Sold | $1,073,461 USD | public records |
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2021 | $328 USD | -3.81% | $31,800 USD | - |
| 2020 | $341 USD | -2.57% | $31,800 USD | - |
| 2019 | $350 USD | -33.33% | $31,800 USD | - |
| 2017 | $525 USD | 1.94% | $31,800 USD | -27.98% |
| 2016 | $515 USD | 1.98% | $44,152 USD | - |