Some beach properties simply offer a place to stay. Key Largo #203 offers the lifestyle buyers spend years searching for. Perfectly positioned on the ocean block of 54th Street, this exceptional residence combines one of the most desirable locations in Ocean City with something that has become incredibly rare—a true 5-bedroom, 4½-bath condominium offering over 2,700 square feet of beautifully designed living space. Large enough to live like a home, yet effortless enough to enjoy as a vacation getaway or exceptional investment property, this is coastal living at its finest. Whether you’re gathering generations of family under one roof, hosting friends for unforgettable summer weekends, or seeking a high-demand vacation rental, the thoughtful floor plan was designed with everyone in mind. Three private bedroom suites provide the comfort and privacy today’s buyers expect, while the expansive Primary Suite offers its own peaceful escape with a private balcony, charming window seat, and morning sunshine filtering in from the east. The heart of every memorable beach home is where everyone naturally gathers, and the chef-inspired kitchen delivers beautifully. Outfitted with premium Viking appliances, granite countertops, abundant workspace, and an open flow into the dining and living areas, it’s equally suited for pancake breakfasts before the beach or seafood feasts after a day in the sun. Two sets of French doors open to a spacious wraparound balcony where refreshing ocean breezes and glimpses of the Atlantic create the perfect backdrop for morning coffee, afternoon cocktails, or simply unwinding after a day on the sand. Location is everything—and this one is hard to beat. Just a short stroll to the beach, you’re also within easy walking distance of many of Ocean City’s favorite restaurants, entertainment, and attractions, including Seacrets, Macky’s Bayside Bar & Grill, The Original Green Turtle, the Roland E. Powell Convention Center, Jolly Roger Amusement Park, and countless shops and conveniences. Leave the car parked and enjoy the best of midtown Ocean City on foot. Properties of this size and caliber are becoming increasingly difficult to find. Whether your dream is creating lasting family traditions, owning a luxurious second home, or investing in a property with exceptional rental appeal, Key Largo #203 checks every box—and then exceeds expectations. This isn’t simply a condominium. It’s where beach memories begin, sunsets linger a little longer, and every season feels like a vacation.
For sale
Price cut: $55K (8/20)
$1,195,000
11 54th St #203, Ocean City, MD 21842
5beds
2,622sqft
Condominium
Built in 2006
-- sqft lot
$1,134,300 Zestimate®
$456/sqft
$1,000/mo HOA
What's special
Glimpses of the atlanticRefreshing ocean breezesSpacious wraparound balconyPrivate balconyPremium viking appliancesCharming window seatGranite countertops
- 142 days
- 139
- 7
Zillow last checked:
Listing updated:
Listed by:
Terry Riley 443-880-0512,
RE/MAX Advantage Realty (410) 723-3600,
Co-Listing Agent: Chris Jett 443-523-2360,
RE/MAX Advantage Realty
Source: Bright MLS,MLS#: MDWO2039184
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 5
- Main level bedrooms: 5
Basement
- Area: 0
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Refrigerator, Washer, Water Heater, Oven/Range - Electric, Electric Water Heater
- Laundry: Dryer In Unit, Washer In Unit, In Unit
Features
- Soaking Tub, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Dining Area, Open Floorplan, Upgraded Countertops, Walk-In Closet(s)
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,622
- Total interior livable area: 2,622 sqft
- Finished area above ground: 2,622
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Covered, Assigned, Off Street, Garage
- Garage spaces: 2
- Details: Assigned Parking, Assigned Space #: 203
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: None
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410754461
- Zoning: R
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Combination
Condition
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Condo and coop fee: $1,000 monthly
- Subdivision: None Available
HOA
- Has HOA: No
- Amenities included: None
- Services included: Common Area Maintenance, Maintenance Structure, Insurance, Management, Reserve Funds, Trash
- HOA name: Key Largo
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $456/sqft
- Tax assessed value: $603,000
- Annual tax amount: $7,864
- Date on market: 6/20/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Condominium
Estimated market value
$1,134,300
$1.08M - $1.19M
$3,611/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Price change | $1,195,000-4.4%$456/sqft |
Source: | ||
| 6/20/2026 | Listed for sale | $1,250,000+101.7%$477/sqft |
Source: | ||
| 2/23/2010 | Sold | $619,650+31%$236/sqft |
Source: Public Record Report a problem | ||
| 11/14/2009 | Listing removed | $473,075$180/sqft |
Source: ERA Bill Martin and Assoc. Inc. #460068 Report a problem | ||
| 9/27/2009 | Price change | $473,075-5%$180/sqft |
Source: ERA Bill Martin and Assoc. Inc. #460068 Report a problem | ||
| 9/6/2009 | Listed for sale | $497,970-44%$190/sqft |
Source: ERA Bill Martin and Assoc. Inc. #460068 Report a problem | ||
| 10/30/2007 | Sold | $890,000$339/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $8,198 +4.3% | $603,000 +5% |
| 2025 | $7,864 +3% | $574,167 +5.3% |
| 2024 | $7,632 +4.8% | $545,333 +5.6% |
| 2023 | $7,281 | $516,500 |
| 2022 | $7,281 -0.2% | $516,500 |
| 2021 | $7,298 | $516,500 |
| 2020 | $7,298 -0.7% | $516,500 |
| 2019 | $7,348 +0.7% | $516,500 |
| 2018 | $7,296 -9.2% | $516,500 -9.2% |
| 2017 | $8,033 +67.4% | $568,900 +11.9% |
| 2016 | $4,800 | $508,600 +13.5% |
| 2015 | $4,800 | $448,300 +15.5% |
| 2014 | $4,800 | $388,000 |
| 2013 | -- | $388,000 |
| 2012 | -- | $388,000 -3% |
| 2011 | -- | $400,000 -33.1% |
| 2010 | -- | $597,810 |
| 2009 | -- | $597,810 -20% |
| 2008 | -- | $747,270 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Midtown
Nearby schools
Schools provided by the listing agent
- District: Worcester County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




