2 Beds
2 Baths
Full Baths: 1 Half Baths: 1
816 SqFt
1972 Year Built

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 kitchen's 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, you'll 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 storage—perfect 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.

Listed by Engel & Volkers Ocean City

GALLERY

507 PENGUIN DR #53, Ocean City, MD 21842

PROPERTY DETAIL

Key Details

Property Type Condo
Sub Type Condo/Co-op
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 816 sqft
Price per Sqft $422
Subdivision None Available
MLS Listing ID MDWO2041850
Style Coastal
Bedrooms 2
Full Baths 1
Half Baths 1
Condo Fees $4, 400/ann
HOA Y/N N
Abv Grd Liv Area 816
Year Built 1972
Available Date 2026-10-10
Annual Tax Amount $4,748
Tax Year 2026
Property Sub-Type Condo/Co-op
Source BRIGHT
Location

State MD
County Worcester
Area Bayside Waterfront (84)
Zoning R-2
Direction North
Rooms

Other Rooms Living Room, Kitchen, Half Bath
Building

Story 2
Foundation Block
Above Ground Finished SqFt 816
Sewer Public Sewer
Water Public
Architectural Style Coastal
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N

Interior

Interior Features Ceiling Fan(s), Combination Kitchen/Dining
Hot Water Electric
Heating Heat Pump(s)
Cooling Heat Pump(s)
Equipment Dishwasher, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
Furnishings Yes
Fireplace N
Appliance Dishwasher, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
Heat Source Electric
Laundry Dryer In Unit, Washer In Unit
Exterior

Garage Spaces 53.0
Parking On Site 1
Utilities Available Cable TV Available, Electric Available
Amenities Available Pier/Dock, Pool - Outdoor
Water Access Y
View Canal
Accessibility 2+ Access Exits
Total Parking Spaces 53
Garage N
Private Pool Yes
Schools

Elementary Schools Ocean City
High Schools Stephen Decatur
School District Worcester County Public Schools
Others

Pets Allowed Y
HOA Fee Include Water,Trash,Reserve Funds,Pool(s),Pier/Dock Maintenance,Snow Removal,Lawn Maintenance,Management
Senior Community No
Tax ID 2410062551
Ownership Condominium
SqFt Source 816
Acceptable Financing Cash, Conventional
Horse Property N
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Allowed No Pet Restrictions