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Backup Offers

507 Edgewater Ave, Ocean City, MD, 21842

$1,800,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths, 2 Partial
2,916 SqFt
$617/SqFt
Townhouse

Location

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507 Edgewater Ave, Ocean City$1,800,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingGarage - Front Entry, Garage Door Opener, Attached Garage, Driveway
Garage2 spaces
Year Built2013
HeatingHeat Pump
CoolingGeothermal
ViewBay
MLS #MDWO2026180
Lot Size0.05 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 507 Edgewater Ave

Experience the ultimate in luxury coastal living with this exceptional bayfront home, better than new and boasting breathtaking sunsets over the bay from every level. Enjoy expansive decks overlooking the serene bay, offering an ideal setting for relaxation and entertainment. Every inch of this home exudes elegance, featuring designer coastal finishes and top-quality furnishings. It shows with natural light through floor-to-ceiling windows and doors, adding an airy, open feel throughout. The gourmet chef's kitchen is equipped with a built-in gas stove, double wall oven, granite countertops and backsplash, center island, and custom cabinetry—perfect for the culinary enthusiast. With efficient geothermal heating and air conditioning, the home combines comfort with eco-friendly living. Boating enthusiasts will love the two deep-water slips, with one equipped with a new, remote-controlled 10,000 lb. boat lift, providing direct easy access to both the Bay and Ocean. The low-maintenance exterior is designed for coastal living, with a sleek metal roof adding to the home’s modern coastal appeal. This home is ideal for families or entertaining, the handcrafted bar and recreation room on the first deck level open directly to the dock, making indoor-outdoor living seamless. For fishing enthusiasts, the convenience of fishing right from your deck is pretty cool. In addition, its just a short stroll to the beach and boardwalk, yet tucked away, this home offers the perfect blend of convenience and tranquility. Combined with NO HOA fees, this is one of the premier coastal properties available, offering an exclusive opportunity to enjoy waterfront living at its finest.

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal
  • Year Built: 2013
  • Stories: 3
  • Living Area: 2,916 SqFt

Listing Office:

  • Office Name: Holiday Real Estate
  • Office Phone: (410) 524-7700
  • Listing Agent: Jay Phillips

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Disposal, Dryer, Ice Maker, Double Oven, Range Hood, Stove, Washer, Range
  • Basement: No
  • Interior: Bar, Built-Ins, Ceiling Fan(s), Crown Moldings, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Primary Bedroom - Bay Front, Recessed Lighting, Walk-in Closet(s), Wine Storage

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Bay

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Garage - Front Entry, Garage Door Opener, Attached Garage, Driveway

Lot Features

Lot Information:

  • Lot: Seawall
  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Geothermal

Other

Directions Information:

  • Directions: St Louis Ave heading North. Left onto 5th St. Right on Edgewater. Property on Left. South Unit

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000
  • Price Per SqFt: $617/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

$449.5K

Med. Price/SqFt

$429

Avg. Days On Market

80

# of Sold Homes

90

507 Edgewater Ave vs Ocean City

42 DAYS ON ROCKET

-38 Days

$1,800,000

+$1.3M More

$617/SqFt

+$188 More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $188/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: #MDWO2026180

Listing Office:

  • Office Name: Holiday Real Estate
  • Office Phone: (410) 524-7700
  • Listing Agent: Jay Phillips

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: 11/21/2024, 10:20:58 AM 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.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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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-260928
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 1.30 miles

  • Public District Grades PK-4

school-card-donut-260929
9
/10

  • Showell Elementary School

  • 11318 Showell School Rd

  • 6.77 miles

  • Public District Grades PK-3

school-card-donut-260930
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 6.78 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. The majority of Ocean City, MD residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

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 507 Edgewater Ave

What is the listing price of this property?

The listing price of 507 Edgewater Ave property is $1,800,000.

What type of property is this?

The property 507 Edgewater Ave is a townhouse located in Ocean City, Maryland, 21842.

Is this property for sale now?

Accepting Backup Offers: 507 Edgewater Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 507 Edgewater Ave has 3 bedrooms and 3 full and 2 half bathrooms.

What is the square footage of this property?

The property 507 Edgewater Ave is 2,916 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 Edgewater Ave is 2013.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›507 Edgewater Ave

This home is located at 507 Edgewater Ave in Ocean City, MD and zip code 21842. This 2,916 square foot home, which was built in 2013, sits on a 0.05 acre lot. Features: 3 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $1,800,000.

Over 12 listings were sold over their listed price in October 2024 in Ocean City, MD. In the same period over 67 listings were sold below the listed price and 11 listings were sold for the listed price. In October 2024 in Ocean City, MD there were 16.2% more homes for sale than in September 2024. While the average time on the market in October 2024 was 80 days, the median list price was $449,548.

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

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