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205 5Th Street # 41 Ocean City, MD $ 205,000
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205 5Th Street # 41
$ 205,000
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205 5Th Street # 41

Ocean City, MD, 21842
$ 205,000
Bedrooms1 Baths1.0 Sq 304

Monthly Estimate*

$ 1,262

205 5Th Street # 41, Ocean City, MD 21842 - Image 1
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205 5Th Street # 41, Ocean City, MD 21842 - Image 17

Condo for sale in Ocean City, MD

for $205,000 with 1 bedroom and 1 full bath. This 304 square foot condo was built in 1940.

This is an amazing one-bedroom unit in the heart of downtown that won't disappoint. If you're looking for your next hideaway in ocean city to vacation or you're looking for a powerhouse income producing unit, you have arrived. Walking distance to the beach, boardwalk and all local attractions; this home is central to everything. Over the last two years this unit has grossed (on average) $22,000 each summer and can produce even more if operated during the winter as an off-season rental. Recently updated with new furniture, paint and staging, this gem can comfortably sleep 5 adults. The home has a full kitchen, a large shower and a recently updated exterior space. Stairs and deck have been rebuilt using Trex decking and provide a quiet private space to rest once you have walked off the beach. There is nothing on the market at this price that can compare.

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Condo Active

Price

$ 205,000

Bedrooms

1

Full Bath

1

Property Type

Condo

Taxes

$ 1,621

Style

Bungalow

Year Built

1940

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2039074
Features
General
Living Area 304
Sewer No Septic System Public Sewer
Heating Baseboard - Electric
Cooling Window Unit(s)
Possession 0-30 Days CD
Zoning R2
Association Fee Includes Reserve Funds Insurance Common Area Maintenance Cable TV
Architectural Style Bungalow
Construction Materials Combination
School District WORCESTER COUNTY PUBLIC SCHOOLS
Year Built 1940
Levels 1
Unit Number 41
Tax Year 2025
Ownership Condominium
Cool Fuel Electric
Municipality Ocean City
Building Name Parrot Bay
Accessibility None
HOA Fee 2 186.00
County WORCESTER
New Construction N
Property Type Residential
Association Amenities Swimming Pool Pool - Outdoor
HOA N
Subdivision Name NONE AVAILABLE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 1
Status ACTIVE
Directions Turn right off coastal highway onto 5th street go one half block and the parking lot is located on your left. Once parked go under the pink flowers and up the stairs to unit 41
City OCEAN CITY
Senior Community Y/N N
MLS Area Ocean Block (82)
HOA Fee 2 Frequency Monthly
Tax Annual Amount 1621.0
Structure Type Unit/Flat/Apartment
Condo/Coop Association fee Y/N Y
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 674.34
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Legal Subdivision PARROT BAY CONDO
Tax Lot 41
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Interior
Heating Fuel Electric
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 304
Central Air Y/N N
Total Bedrooms 1
Below Grade Finished Area 0
Entry Level 2
Main Level Bedrooms 1
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 1
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Exterior
Pool Yes - Community
Water Source Public
Type of Parking Off Site
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Waterfront Y/N N
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 205
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* Excluded Features
List By
Corner House Realty

Broker

ryanweby@gmail.com

Email

Affordability Calculator

$1,397
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,262
Monthly Property Taxes
$135
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3534738 Elementary School
3535750 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/12/2026$205,000 Listed Price

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205 5Th Street # 41, Ocean City, MD, 21842 is a Condo for sale at $205,000 with 304 sqft. 205 5Th Street # 41 has 1 bedrooms, 1.0 baths, and was built in 1940. The property's zip code is 21842 which is in Ocean City, MD

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