- Overview
- Description
- Property Details
- Location
- HOA Management
- Facts & Features
- Getting Around
- Nearby Homes
Street View
$345,000
Monthly Est:$1,717
2 Beds
2 Baths1 full bath + 1 half bath
816sqft
507 Penguin Dr #53, Ocean City, MD 21842
$345,000
$1,717/moEst:
Get Pre-Approved
Condominium
Built in 1972
$366.67/mo HOA
-- sqft lot
$423/sq.ft
Description
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.
- Houzeo last checked: 12 hours ago
- Listing updated: October 10, 2026 at 4:09 am
- Listing Provided by: Mary E Rice (410) 726-4984 | Engel & Volkers Ocean City (443) 292-6767
- Source: Bright MLS-NJ | MLS#: MDWO2041850
Property Details
Status
Active
Type
Condominium
No. of Stories
-
County
City
Neighborhood
--
Year Built
1972
HOA Fees
$366.67/mo
Finished Area
816 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Bright MLS
MLS Number
MDWO2041850
MLS Status
ACTIVE-BRIGHT
Days on Market
1
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Location
HOA Management
Bay Cove I
HOA Fees
$4,400/ Annually
Amenities
Amenities and services may be covered by one or multiple associations and service providers.
Pool
Water
Snow Removal
Trash Pickup
Reserve Funds
deck
Pier/Dock Maintenance
Management
Lawn Maintenance
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Interior
Interior Features
Ceiling Fan(s), Combination Kitchen/dining
Appliances
Dishwasher, Oven/range Electric, Refrigerator, Washer/dryer Stacked, Water Heater
Sewer
Public Sewer
Heating
Heat Pump(s)
Cooling
Heat Pump(s)
Exterior Features
Outbuilding(s), Exterior Lighting
Construction
Year Built
Year Built: 1972
Home type
Condominium
Architectural Style
Coastal
Foundation Details
Block
Construction Materials
Combination
Property Condition
Average
Utilities & Energy
Parking Features
Assigned
Association Amenities
Pier/dock, Pool Outdoor
Utilities
Cable Tv Available, Electric Available
Water Source
Public
Other Features
Subdivision Name
None Available
Price History
| Date | Event | Price |
|---|---|---|
10/10/2026 Source: | Listed for Sale | $345,000 $423/sqft |
10/07/2026 Source: | Coming Soon | $345,000 $423/sqft |
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Based on information from Bright MLS through Oct 09, 2026, 02:30PM. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. © 2026 Bright MLS, Inc. All Rights Reserved. Click here for more information
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