1 month on rocket

205 10th St, Ocean City, MD, 21842

$2,650,000

18 Bedrooms
12 Full Baths
6,344 SqFt
$418/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingCrushed Stone, Fenced, Free, Lighted Parking, Private, On Street, Parking Lot
Year Built1950
HeatingOther, Baseboard
CoolingCeiling Fan(s), Window Unit(s)
ViewCity
MLS #MDWO2026102
Lot Size0.31 Acres
StatusActive
(ACTIVE)

About 205 10th St

Unique multi-family investment opportunity with endless potential! Three parcels in the heart of Ocean City are being offered together or separately, featuring two multi-family buildings and one of the last remaining buildable lots in downtown OC. These properties generate $200,000+ in annual rental income and offer excellent upside potential. With the addition of another multi-family building, even more income. 904 St. Louis Ave is a 3,600 sq. ft. building with four units—two 3-bedroom, 2-bath units and two 2-bedroom, 1-bath units. Each unit is updated, fully furnished, and ready to rent, featuring open-concept living areas, solid surface flooring, and private entrances. Large decks provide ample outdoor space, perfect for relaxing after a day at the beach. This building also has 10 parking spots shared with the neighboring 10th Street building (also for sale), making it easy for guests to park and access their units. 205 10th St is a 2,744 sq. ft. building offering four unique units—two 3-bedroom, 2-bath units, one large 1-bedroom, 1-bath unit with a full kitchen and living area, and a rear efficiency unit. All units are move-in ready and fully furnished with updated appliances, furniture, and separate entrances. Each unit also has its own porch—perfect for enjoying the coastal lifestyle. The building features a shared coin-operated laundry facility, adding convenience for tenants and an additional revenue stream for owners. 10th St Lot: A rare find in Ocean City, this last remaining buildable lot is ideal for developers or investors looking to expand. Build your dream property or create additional rental units to increase your revenue potential in this sought-after downtown location. Both buildings have undergone significant renovations. 904 St Louis has a new electric service, roof, mini-split HVAC systems (inside and out), appliances, and Ashley sleeper sofas which have been professionally cleaned at the end of every season. New deck stairs and vinyl railings. 10th St has a new full front facade including three level decks, vinyl rails and steps as well as a new roof. Perfectly situated just a short walk from the beach, boardwalk, and downtown attractions, these properties are an ideal investment for vacation rentals. The sale includes a strong digital marketing presence with an established rental website, Instagram, Facebook, and even a custom Snapchat filter—everything you need to continue generating buzz and bookings from day one. Keep in mind these properties are not rented during senior week or at all during the winter months or the big weekend events in the offseason Don’t miss out on this unique opportunity to own a slice of Ocean City’s thriving rental market. Priced to sell and move quickly! Call the listing agent today for more information.

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal
  • Year Built: 1950
  • Living Area: 6,344 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices PenFed Realty - OP
  • Office Phone: (410) 208-3500
  • Listing Agent: Spike Sands

Interior Features

Interior Information:

  • Appliances: Microwave, Range, Trash Compactor, Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Washer, Water Heater
  • Basement: No
  • Flooring Type: Ceramic Tile, Luxury Vinyl Plank
  • Interior: Additional Stairway, Breakfast Area, Built-Ins, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan - Open, Kitchen - Eat-In, Upgraded Countertops, Wood Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 12
  • Total Bedroom Count: 18

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Exterior Lighting, Fire Escape, Play Area, Sidewalks, Street Lights

Parking Information:

  • Parking: Crushed Stone, Fenced, Free, Lighted Parking, Private, On Street, Parking Lot

Lot Features

Lot Information:

  • Lot: Cleared, Corner Lot, Level
  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Heating: Other, Baseboard
  • Cooling: Ceiling Fan(s), Window Unit(s)

Other

Directions Information:

  • Directions: From Coastal Highway heading south make a right on 10th St. Lot and 1oth st building on your left. 9th St building end of the road and make a left.

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,650,000
  • Price Per SqFt: $418/SqFt

Tax Information:

  • Annual Amount: $4,799
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Ocean City, MD.

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Ocean City, MD

City

Med. Sold Price

$449.5K

Med. Price/SqFt

$429

Avg. Days On Market

80

# of Sold Homes

90

205 10th St vs Ocean City

37 DAYS ON ROCKET

-43 Days

$2,650,000

+$2.2M More

$418/SqFt

-$11 Less

KEY TAKEAWAY

This property is $2.2M more than the Median Sold Price and $11/SqFt less than other homes in Ocean City, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWO2026102

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices PenFed Realty - OP
  • Office Phone: (410) 208-3500
  • Listing Agent: Spike Sands

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 8:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 17, 2012Home Sold
$216,199
Jun 27, 2011Home Sold
$485,000
Apr 28, 2006Home Sold
$469,900

Tax History

YEARPROP. TAXASSESSMENT
2021$4,799$339,600
2020$4,309$305,000
2019$4,188$294,400
2018$4,009$283,800
2017$3,859$273,200

History based on county public records data.

Payment Calculator

$13.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,011

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-400751
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 1.40 miles

  • Public District Grades PK-4

school-card-donut-400752
9
/10

  • Showell Elementary School

  • 11318 Showell School Rd

  • 6.83 miles

  • Public District Grades PK-3

school-card-donut-400753
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 7.00 miles

  • Public District Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,076. Most Ocean City, MD residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Ocean City, MD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Ocean City, MD?

Ocean City's housing market is diverse, offering a mix of residential options that cater to a range of preferences. The area is known for its beachfront condominiums, which make up a significant portion of the housing stock, providing residents with scenic views and easy access to the beach. Single-family homes are also available, featuring styles from classic beach cottages to contemporary designs. The market is characterized by a mix of both year-round and seasonal properties, reflecting the city's popularity as a vacation destination.

Is Ocean City, MD a good place to live?

Ocean City is celebrated for its vibrant boardwalk, pristine beaches, and family-friendly atmosphere. The community prides itself on being a premier resort town, with numerous events throughout the year, including the famous Ocean City Air Show and the Sunfest music and arts festival. The town's character is shaped by its coastal environment, offering a relaxed lifestyle with a focus on outdoor recreation and water-based activities.

Are things conveniently located in Ocean City, MD?

The community is served by a range of essential services, including public schools that cater to residents and the seasonal influx of families. Healthcare is accessible through local clinics and urgent care centers, ensuring medical needs are met promptly. Ocean City also boasts a variety of retail shops and dining options, from casual eateries to fine dining, many of which showcase the local seafood cuisine. The town is proactive in maintaining and enhancing its services to accommodate both its permanent population and seasonal visitors.

What does the transportation in Ocean City, MD look like?

Transportation in Ocean City is well-suited to the needs of both residents and tourists. The town features a public bus service that runs along the Coastal Highway, providing convenient access to various points of interest. The area is also bike-friendly, with several bike paths and lanes available for those who prefer to cycle. For drivers, the city is easily navigable with well-maintained roads and highways connecting to nearby cities and attractions. While specific ride-sharing statistics are not mentioned, such services are commonly used by visitors and locals alike.

Frequently Asked Questions About 205 10th St

What is the listing price of this property?

The listing price of 205 10th St property is $2,650,000.

What type of property is this?

The property 205 10th St is a house located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 205 10th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,799 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 17, 2012 for $216,199. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 205 10th St has 18 bedrooms and 12 bathrooms.

What is the square footage of this property?

The property 205 10th St is 6,344 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 205 10th St is 1950.
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Rocket Homes›Maryland›Worcester County›Ocean City›21842›205 10th St

This home is located at 205 10th St in Ocean City, MD and zip code 21842. This 6,344 square foot home, which was built in 1950, sits on a 0.31 acre lot. Features: 18 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $2,650,000.

Ocean City, MD housing market in October 2024 saw over 12 listings sold above listed price, more than 11 sold at listed price and over 67 sold below. The number of homes for sale in Ocean City, MD increased by 16.2% between September 2024 and October 2024. In October 2024 median list price was $449,548 and the average listing age was 80 days.

From Rocket Homes Real Estate and based on county public records data.

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