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501 Penguin Drive # 1A01 Ocean City, MD $ 575,000
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501 Penguin Drive # 1A01
$ 575,000
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501 Penguin Drive # 1A01

Ocean City, MD, 21842
$ 575,000
Bedrooms3 Baths2.1 Sq 1,118

Monthly Estimate*

$ 3,540

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Condo for sale in Ocean City, MD

for $575,000 with 3 bedrooms and 2 full baths, 1 half bath. This 1,118 square foot condo was built in 1983.

Bright, sunny end unit in Crab Cove!! Beautifully kept 3-bedroom, 2-1/2 bath home with a modern kitchen with window, newer cabinets and new Samsung kitchen appliances. The kitchen includes pantry storage for all the extras needed for the beach days! The living room seats 7-8 people and leads out to the covered deck overlooking the bay with fabulous sunsets!! Here is where you could take the stairs down to the boat dock. The owner's suite has a queen bed and bath with a shower along with a small balcony to sit and enjoy the ocean air!! The 2nd bedroom has a queen bed with access to the hall bath and a small balcony. Upstairs is the 3rd bedroom for guests. The dock in the back of the property can be accessed by walking around the home to the lift by Hi Tide Boat Lift or down the stairs from the deck. The Community boat slip is just next to your dock on the end. Close to restaurants, shopping and best of all Jolly Roger Amusements! Kids playground!! Sit back, relax and enjoy the best of Ocean City!!

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Condo Active

Price

$ 575,000

Bedrooms

3

Full Bath

2

Half Bath

1

Property Type

Condo

Taxes

$ 4,639

Style

Coastal,Contemporary

Year Built

1983

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2039072
Features
General
Living Area 1118
Sewer Public Sewer
Heating Baseboard - Electric
Cooling Ceiling Fan(s) Ductless/Mini-Split
Utilities Cable TV Electric Available Sewer Available
Possession Settlement
Zoning R-2
Association Fee Includes Lawn Maintenance Trash
Architectural Style Coastal Contemporary
Construction Materials Vinyl Siding
School District WORCESTER COUNTY PUBLIC SCHOOLS
Year Built 1983
Levels 3
Unit Number 1A01
Tax Year 2025
Ownership Condominium
Cool Fuel Electric
Municipality Ocean City
Building Name Crab Cove 32nd St
Accessibility 2+ Access Exits 36 + wide Halls
HOA Fee 2 400.00
County WORCESTER
New Construction N
Property Type Residential
Association Amenities Pool - Outdoor
HOA N
Subdivision Name NONE AVAILABLE
Garage Y/N N
Water Access Y/N Y
Other Structures Above Grade Below Grade
Full Baths 2
Status ACTIVE
Directions Route 90 Bridge to a right onto Coastal Highway (Rte 589) follow down to a right onto 32nd Street follow around to a left on Penguin follow to 501 Penguin #1 park in spot #1 or #2.
City OCEAN CITY
Senior Community Y/N N
MLS Area Worcester East of Rt-113
HOA Fee 2 Frequency Monthly
Tax Annual Amount 4639.0
Structure Type End of Row/Townhouse
Condo/Coop Association fee Y/N Y
Bathrooms Full Main Level 0
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 514.31
Acceptable Financing Conventional
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 1A
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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 1118
Half Baths 1
Central Air Y/N N
Total Bedrooms 3
Below Grade Finished Area 0
Main Level Bedrooms 0
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 3
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Exterior
Pool Yes - Community
Water Source Public
Type of Parking Parking Lot On Street
Foundation Details Block Concrete Perimeter
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Water Body Type Bay
Waterfront Y/N Y
Land Assessed Value 0.00
Navigable Water Y/N Y
Water Oriented Y/N Y
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Internal Only
Street Number 1 501
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* Excluded Features
List By
Exp Realty, Llc

Broker

karenrollings@gmail.com

Email

Affordability Calculator

$3,927
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,540
Monthly Property Taxes
$387
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
6/13/2026$525,000 Listed Price

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501 Penguin Drive # 1A01, Ocean City, MD, 21842 is a Condo for sale at $575,000 with 1,118 sqft. 501 Penguin Drive # 1A01 has 3 bedrooms, 2.1 baths, and was built in 1983. The property's zip code is 21842 which is in Ocean City, MD

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