Coming Soon

505 Penguin Dr Unit 8, Ocean City, MD, 21842

$474,900

Home List Price

$5,639*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,033 SqFt
$460/SqFt
Townhouse

Location

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505 Penguin Dr Unit 8, Ocean City$474,900

Buyer Closing Credits

$5,639*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingGeneral Common Elements, Paved Parking, On Street, Off Street
Year Built1981
HeatingHeat Pump
CoolingCeiling Fan(s), Central Air
ViewCanal, Bay, Water
MLS #MDWO2023568
Active DateSeptember 30, 2024
StatusComing Soon
(COMING SOON)

About 505 Penguin Dr Unit 8

This meticulously maintained two-story waterfront townhome offers the ultimate coastal living experience with direct canal access and a 7,000lb boat lift. This beautifully remodeled 2BR unit features tasteful coastal décor and paint colors, creating a bright and airy ambiance that complements its serene surroundings. Enjoy the privacy of a townhome with no shared walls above or below, offering a quiet and peaceful retreat. Fully furnished with only a few exclusions, this home is truly turn-key, allowing you to move in and start enjoying the waterfront lifestyle right away. The updates include newer cabinetry, countertops, and appliances in the kitchen, composite decking on both the first and second-floor outdoor spaces, offering durability and low maintenance for years to come. The spacious outdoor living areas are perfect for dining, entertaining, or simply relaxing by the water. This townhome is part of a self-managed association with reasonable condo fees, ensuring that the property remains well-maintained and offering peace of mind for homeowners. The association owns the grassy lot across from the building, which is available for owners to park trailers and other items. You love this location, situated just a short distance to the beach, and offers easy access to the area's best amusements and great dining options. Whether you're looking to relax by the shore, explore local attractions, or enjoy a night out, this location is convenient to it all. Don't miss out on this opportunity to own an immaculate waterfront home with excellent boating access, modern conveniences, and plenty of outdoor space. Contact us today for a private tour and see why this townhome truly feels like home!

Property Details

Property Features

Property Information:

  • Architectural Style: Side-by-Side
  • Year Built: 1981
  • Stories: 2
  • Living Area: 1,033 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (410) 524-6111
  • Listing Agent: Whitney Jarvis

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Disposal, Dryer, Ice Maker, Self Cleaning Oven, Oven, Electric Range, Refrigerator, Washer/Dryer Stacked, Water Heater, ENERGY STAR Qualified Refrigerator
  • Basement: No
  • Flooring Type: Ceramic Tile, Carpet
  • Interior: Carpet, Ceiling Fan(s), Combination Dining/Living, Floor Plan - Open, Primary Bedroom - Bay Front, Window Treatments

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Canal, Bay, Water

Parking Information:

  • Parking: General Common Elements, Paved Parking, On Street, Off Street

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Ceiling Fan(s), Central Air

School Info

Assigned Schools Information:

  • Stephen Decatur High School, Public District Grades 9-12
  • Stephen Decatur Middle School, Public District Grades 7-8
  • Berlin Intermediate School, Public District Grades 4-6
  • Ocean City Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: Coastal Hwy to West on 32nd St, Left on Penguin Drive, Property on Left

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $474,900
  • Price Per SqFt: $460/SqFt
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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

$445K

Med. Price/SqFt

$430

Avg. Days On Market

65

# of Sold Homes

81

505 Penguin Dr Unit 8 vs Ocean City

$474,900

+$29.9K More

$460/SqFt

+$30 More

KEY TAKEAWAY

This property is $29.9K more than the Median Sold Price and $30/SqFt more 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: #MDWO2023568

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (410) 524-6111
  • Listing Agent: Whitney Jarvis

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: 9/27/2024, 8:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$2,438

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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.

Elementary School

school-card-donut-812439
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 1.76 miles

  • Public District Grades PK-4

Middle School

school-card-donut-812440
10
/10

  • Stephen Decatur Middle School

  • 9815 Seahawk Rd

  • 6.11 miles

  • Public District Grades 7-8

school-card-donut-812441
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 7.38 miles

  • Public District Grades 4-6

High School

school-card-donut-812442
7
/10

  • Stephen Decatur High School

  • 9913 Seahawk Rd

  • 6.13 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,076. The majority of Ocean City, MD residents have income between $35k-100k annually. Most families are 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.

Types of housing 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.

What is it like to live in Ocean City, MD?

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.

Is it easy to get around Ocean City, MD without a car?

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.

Transportation in Ocean City, MD.

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 505 Penguin Dr Unit 8

What is the listing price of this property?

The listing price of 505 Penguin Dr Unit 8 property is $474,900.

What type of property is this?

The property 505 Penguin Dr Unit 8 is a townhouse located in Ocean City, Maryland, 21842.

Is this property for sale now?

Coming Soon: 505 Penguin Dr Unit 8 is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.

What are the assigned schools for this property?

The assigned schools for 505 Penguin Dr Unit 8 are:
Ocean City Elementary School: GreatSchools Rating 10/10
Stephen Decatur Middle School: GreatSchools Rating 10/10
Berlin Intermediate School: GreatSchools Rating 5/10
Stephen Decatur High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 505 Penguin Dr Unit 8 has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 505 Penguin Dr Unit 8 is 1,033 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 Penguin Dr Unit 8 is 1981.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›505 Penguin Dr Unit 8

This home is located at 505 Penguin Dr Unit 8 in Ocean City, MD and zip code 21842. This 1,033 square foot home was built in 1981. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $474,900.

While more than 4 listings in Ocean City, MD in August 2024 were sold above asking price, there were more than 18 listings sold at asking price, and more than 59 were sold below. The number of homes for sale in Ocean City, MD increased by 7.8% between July 2024 and August 2024. In August 2024 median list price was $445,000 and the average listing age was 65 days.

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

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