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Presented by: Engel & Volkers Ocean City Powered by Highrises

507 Penguin Dr Unit 49, Ocean City, MD 21842 listing image 1

For Sale

$399,000

507 Penguin Dr Unit 49, Ocean City, MD 21842

2Beds
2Baths
816SqFt

2Beds
2Baths
816SqFt

Property Type
Condo
Year Built
1972
HOA Fees
$352/mo
Price per Sqft
$489
On highrises
0 Days

Property Details

This waterfront 2 bedroom 1 and 1/2 bath townhouse in mid-town Ocean City Maryland with a deed boat slip and lift, is perfect for summer fun with friends and family. The fully furnished beach house is ready for making memories. Bay Cove has a community pool and is just across the street from your townhome, adds to the appeal of this beach house. The townhome has ample closet space. and outside storage for beach equipment or boat works. Walk out the sliding door from your kitchen onto your southern exposer deck with steps to jump on your boat and head out to the bay. Make an appointment soon to tour this mid-town Ocean City property

Property Features

Bedrooms

Bedrooms: 2

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
1/2 Bathrooms: 1

Interior Features

Carpet
Ceiling Fan(s)
Combination Kitchen/Dining

Heating and Cooling

Cooling Features: Heat Pump(s)
Heating Features: Heat Pump(s)
Heating: Yes

Waterfront and Water Access

Waterfront
Water access
Waterfront Feet: 200

Garage and Parking

Parking Features: Off Street

Homeowners Association

Association: No
Association Fee: 352
Association Fee Frequency: Annually
Calculated Total Monthly Association Fees: 352

School Information

School District: WORCESTER COUNTY PUBLIC SCHOOLS

Other Property Info

Municipality: Ocean City
Annual Tax Amount: 3295.0
Source Listing Status: Coming Soon
County: WORCESTER
Disclaimer: Standard
Ownership: Condominium
Source Property Type: Residential
Area: WORCESTER
Property Subtype: condo
Postal Code Plus 4: 6137
Source System Name: C2C

Building and Construction

Total Square Feet Living: 816
Year Built: 1972
Above Grade Finished Area: 816
Building Name: Bay Cove I
Construction Materials: Mixed
Property Age: 53
Levels or Stories: 2
Structure Type: Interior Row/Townhouse
Total Area Sqft: 816

Accessibility Features

2+ Access Exits

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
02/11/2025	Listed	$399,000	$489	BrightMLS
03/23/2012	Sold	$195,000	$239	Public Record
02/15/2012	Listing removed	$219,500	$269	Coastal
01/27/2012	Price Changed	$219,500	$269	Coastal
03/22/2011	Listed	$239,900	$294	Coastal
12/10/1986	Sold	$73,000	$89	Public Record

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2024	$3,284	$95,000	+	$95,100	=	$190,100
2022	$2,671	$95,000	+	$95,100	=	$190,100
2021	$2,686	$95,000	+	$95,100	=	$190,100
2020	$2,685	$95,000	+	$95,100	=	$190,100
2019	$2,704	$95,000	+	$95,100	=	$190,100
2018	$2,685	$95,000	+	$95,100	=	$190,100
2017	$2,904	$102,800	+	$102,800	=	$205,600

Neighborhood

Environmental Risk

Nearby Home Values

Address	Estimate	Bed	Bath	Sq Ft	Lot (sq ft)
303 Seabay Ln Unit B30B	$815K	4	4	1618	1618
411-A 146th St Unit 323	$279.9K	2	2	798	798
14 136th St Unit 302	$318K	1	2	720	720
13110 Coastal Hwy Unit 60901	$532.5K	2	2	1015	1015
221 Wicomico St Unit 302	$859.9K	3	3	1734	1734
8 121st St Unit 202A	$299K	1	1	616	616

Presented by:
Mary Rice
state license#668004

Broker Location:

Ocean City

Data Source:

BrightMLS

Source's Property ID:

MDWO2028622

Data Source Copyright:

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$399,000

507 Penguin Dr Unit 49, Ocean City, MD 21842

Property Details

Property Features

Bedrooms

Property History

Neighborhood

Environmental Risk

Nearby Home Values

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