It takes a lot of beach house to hold Clint Klingerman’s family. How much house? Well, let’s just say his side-by-side townhouses in Ocean City each have 6 bedrooms, 6 baths 4,700 feet of living space. And each one sleeps 17.
“With siblings, kids, my dad and his wife, there’s 24 of us now,” says Clint, a Bloomsburg Pa. resident who has vacationed in Ocean City since the 1970s. “We can almost squeeze everyone into one side of the house. But when everyone’s there we do use both units.”
Clint’s father, Doug, who owns a string of hotels, restaurants and nursing homes, built the three-story house in 1999. It stands in the heart of Ocean City’s Gold Coast, a strip of multi-million dollar beachfront houses between 20th and 29th streets. The property has 75 feet of ocean frontage, which is more than a typical Ocean City beachfront lot. It also has direct beach access through the dunes and is half a block from the end of the boardwalk.
“It’s one of the biggest rental properties on the island,” says Realtor Emily Wilkins, the listing agent. “And even though it’s close to the boardwalk it has privacy without all the boardwalk traffic.”
Indeed. Each townhouse rents for $19,000 a week during peak months and the two brought in more than $500,000 in rental income last year, Wilkins says.
But it takes more than size and location for a house to command that kind of rent. It takes high-end luxury amenities. And this property has them all — lavish bathrooms, spectacular kitchens, private oceanfront balconies and elevators.
The two townhomes feature upside down floor plans with the living area on the top level. Each includes an oceanfront master suite with a private covered deck and two junior suites. The master bathroom has his and her sinks, a tiled shower and a whirlpool tub with an ocean view.
Each townhouse has a private entrance, a covered front porch, a grand foyer with staircase and an elevator. The units can be joined through a door that connects the kitchens,
Both ground floors have a bonus room, cabana area, a full bathroom, a laundry room, storage areas and an oversized two-car garage.
The third floors feature great rooms with cathedral ceilings, oversized windows, hardwood floors and oceanfront balconies. The kitchens have custom cabinetry, granite countertops, a large center island and upgraded stainless steel appliances. The third floors also include another junior suite with a private deck, bedroom and full bathroom.
Both townhouses are fully furnished and are equipped with a fire suppression system, security system, central vacuum and two laundry areas.
Clint, who now owns both townhouses along with his brother and two sisters, says family get-togethers at the townhouse have been an annual tradition, usually around the Fourth of July. But lately attendance has been dwindling.
“It was a place where we could all congregate and enjoy fellowship,” he says. “But now it’s getting more complicated trying to get everyone there to use it.”
Clint says even when just one of the townhouses is used, there’s too much space for a small gathering.
“If I want to take my wife and four kids it’s crazy to stay in a place like this,” he says. “It’s tough to turn down the money we can make renting it. When you rent both sides you’re talking almost $40,000 a week.”
So Clint and his siblings have decided to put the entire building on the market. Each townhouse is listed for $3.59 million, or $7 million for the entire building.
“We’re not excited about selling it but we’re not going to stop going to Ocean City,” Clint says. “We’ve started to buy some smaller properties for our individual families; my brother bought a place a block away. He’s a pilot and can fly his plane out of Bloomsburg to the airport in Ocean City, which is only a couple of blocks from his house.”
wFor more information on this property call Burt or Emily Wilkins of Goldcoast Sotheby’s International Realty at 609-513-2029 or 609-399-2500.