1031 Discovery Avenue SE, Ocean Shores, WA 98569

WA, Ocean Shores
$3,200,000
  • 12,018 Sqft
  • Residential Income Property Type
  • 1968 Year Built
  • Canceled Status
Property 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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2202083
  • Price: $3,200,000
  • View: Bay,Canal,Territorial
  • Square Footage: 12,018 Sqft
  • Year Built: 1968
  • Lot Area: 1.28 Acre
  • Status: Canceled
  • Office Name: Windermere R.E. Ocean Shores
  • Agent Name: Jim Donahoe
  • Property Sub Type: Multi-Family
  • Roof: Composition
  • Waterfront: 1
Features
  • Heating System Baseboard, Wall Unit(s)
  • Cooling System None
  • Exterior Features Wood Products
  • Flooring Vinyl, Laminate
  • Interior Features Laminate
  • Sewer Sewer Connected
  • Waterfront Features Canal Access
Address Map
  • Country US
  • State WA
  • County Grays Harbor
  • City Ocean Shores
  • Zipcode 98569
  • Street: Discovery
  • Street Number: 1031
  • Street Suffix: Avenue
  • Longitude: W125° 52' 1.2''
  • Latitude: N46° 57' 6.4''
  • 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.
  • Mls Area Major: 194 - Ocean Shores
  • Street Dir Suffix: SE
Neighborhood
  • Elementary School: Ocean Shores Elem
  • High School: North Beach High
  • High School District: North Beach
  • Middle School: North Beach Mid
Additional Information
  • Lot Size Dimensions: 200 x 200
  • Water Source: Public
  • Stories Total: 2
  • Possible Use: Business,Commercial,Multi-Family,Office,Retail
  • On Market Date: 2024-02-20
  • Accessibility Features: Golf
  • Lot Features: Paved, Sidewalk, Community Golf Course
  • Foundation Details: Slab
  • Community Features: Golf
Financial
  • Association Fee: 165
  • Association Fee Frequency: Annually
  • Association Yn: 1
  • Tax Annual Amount: 11980
Listing Information
  • List Agent Mls Id: 17996
  • List Office Mls Id: 1715
  • Listing Term: Cash Out,Conventional
  • Mls Status: Cancelled
  • Modification Timestamp: 2024-07-30T21:19:08Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-07-30T21:16:04Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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