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507 Penguin Drive # 53 Ocean City, MD $ 345,000
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$ 345,000 Get more info
507 Penguin Drive # 53
$ 345,000
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507 Penguin Drive # 53

Ocean City, MD, 21842
$ 345,000
Bedrooms2 Baths1.1 Sq 816

Monthly Estimate*

$ 2,383

507 Penguin Drive # 53, Ocean City, MD 21842 - Image 1
507 Penguin Drive # 53, Ocean City, MD 21842 - Image 2
507 Penguin Drive # 53, Ocean City, MD 21842 - Image 3
507 Penguin Drive # 53, Ocean City, MD 21842 - Image 4
507 Penguin Drive # 53, Ocean City, MD 21842 - Image 5
507 Penguin Drive # 53, Ocean City, MD 21842 - Image 6
507 Penguin Drive # 53, Ocean City, MD 21842 - Image 7
507 Penguin Drive # 53, Ocean City, MD 21842 - Image 8

Condo for sale in Ocean City, MD

for $345,000 with 2 bedrooms and 1 full bath, 1 half bath. This 816 square foot condo was built in 1972.

Professional photos coming soon! LOWEST-PRICED 2-BEDROOM WITH A DEEDED BOAT SLIP! Get ready for fun in this waterfront 2-bedroom, 1.5-bath townhome in desirable midtown Ocean City, Maryland. Fully furnished and ready to enjoy, this is the perfect beach-and-boating getaway for making memories. Boaters will love having a deeded boat slip directly off your waterfront deck. Step through the kitchens sliding doors onto your southern-exposure composite deck, hop on the boat, and you can be out to the bay in minutes. After a day on the water, relax on the deck with dinner or cocktails and enjoy the beautiful evening sunsets. Located in the Bay Cove community, the townhome is just steps from the community pool, making it easy to cool off, meet the neighbors, and enjoy everything that makes Ocean City summers special. Inside, youll find central air and heat, ample closet space, a pull-down attic for additional storage. Outside, there is a storage shed plus additional under-deck storageperfect for beach gear, boating equipment, paddleboards, and all your summer toys. The kitchen does need some TLC following a previous dishwasher leak, giving the next owner an opportunity to update the space to their taste. A new dishwasher is included with the sale but has not yet been installed. Take the off season to make this property your dream for the 2027 summer. With a well-run association, midtown location, community pool, deeded boat slip, abundant storage, and furnishings included, this property offers tremendous potential as an Ocean City beach and boating retreat.

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Condo Coming Soon

Price

$ 345,000

Bedrooms

2

Full Bath

1

Half Bath

1

Property Type

Condo

Taxes

$ 4,748

Style

Coastal

Year Built

1972

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2041850
Features
General
Living Area 816
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Heat Pump(s)
Utilities Cable TV Available Electric Available
Possession Coin w/Sell Sett
Appliances Dishwasher Oven/Range - Electric Refrigerator Washer/Dryer Stacked Water Heater
Zoning R-2
Association Fee Includes Water Trash Reserve Funds Pool(s) Pier/Dock Maintenance Snow Removal Lawn Maintenance Management
Architectural Style Coastal
Construction Materials Combination
School District WORCESTER COUNTY PUBLIC SCHOOLS
Exclusions Piano person items will complete list in next days or two
Year Built 1972
View Canal
Levels 2
Unit Number 53
Tax Year 2026
Ownership Condominium
Cool Fuel Electric
Building Name Bay Cove I
Accessibility 2+ Access Exits
HOA Fee 2 4400.00
County WORCESTER
New Construction N
Property Type Residential
Association Amenities Pier/Dock Pool - Outdoor
HOA N
Subdivision Name NONE AVAILABLE
Facing Direction North
Garage Y/N N
Water Access Y/N Y
Other Structures Above Grade Below Grade
Total Rooms 6
Full Baths 1
Status COMING SOON
Directions GOS to address
City OCEAN CITY
Disclosures Flood Zone Lead Based Paint - State Lead Based Paint - Federal Prop Disclaimer Subject to Condo/HOA Docs
Senior Community Y/N N
MLS Area Bayside Waterfront (84)
HOA Fee 2 Frequency Annually
Tax Annual Amount 4748.0
Home Warranty Y/N N
Property Condition Average
Structure Type Interior 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 422.79
Acceptable Financing Cash Conventional
Community Pool Features Fenced
Lease Considered Y/N N
Vacation Rental Y/N Y
Location Type Canal
Standard Status Coming Soon
Year Built Source Assessor
Tax Lot 53
Federal Flood Zone AE
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Interior
Interior Amenities Ceiling Fan(s) Combination Kitchen/Dining
Heating Fuel Electric
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 816
Half Baths 1
Central Air Y/N N
Total Bedrooms 2
Below Grade Finished Area 0
Entry Level 1
Room Type Living Room Kitchen Half Bath
Main Level Bedrooms 0
Below Grade Finished Area Unit Type Square Feet
Laundry Type Dryer In Unit Washer In Unit
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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Exterior
Exterior Amenities Outbuilding(s) Exterior Lighting
Pool Yes - Community
Parking Features Assigned
Water Source Public
Type of Parking Parking Lot
Foundation Details Block
Water View Y/N Y
Water Body Type Canal
Waterfront Y/N Y
Horse Y/N N
Number of Docks 1
Land Assessed Value 0.00
Navigable Water Y/N Y
Number of Slips 1
Water Oriented Y/N Y
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Internal Only
Street Number 1 507
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* Excluded Features
List By
Engel & Volkers Ocean City

Broker

mary.rice@evrealestate.com

Email

Affordability Calculator

$2,778
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,383
Monthly Property Taxes
$396
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
3536051 Elementary School
3535750 Middle School
Stephen Decatur High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/7/2026$345,000 Listed Price

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507 Penguin Drive # 53, Ocean City, MD, 21842 is a Condo for sale at $345,000 with 816 sqft. 507 Penguin Drive # 53 has 2 bedrooms, 1.1 baths, and was built in 1972. The property's zip code is 21842 which is in Ocean City, MD

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