Reduced to Sell!Supplemental Income ready to be earned for 2026, hottest summer predicted by Almanac! Investor Alerts! These Units rent very well due to Ocean block and location across from Convention center. Also selling this unit:MDWO2033878 / Unit #4 , Lets make a Deal! The interior is completely redone. Bring your best offer as this is a Charming and updated Investment (or 2nd Home) condo located on 40th and Ocean Block. Private parking, walk to many attractions including OC Convention Center, Seacrets, Fagers Island and many more popular restaurants! Enjoy the beach just steps away or rent out with potential earnings of $40k+! This home is fully furnished with Central Air and LOW Condo fees with no assessments! Lower Level with Huge Porch and Ocean Breezes, convenient 1 Assigned Parking Spaces. Low maintenance & Ready for Move in or rental occupancy! This is a great Investment opportunity!
For sale
Price cut: $30.9K (7/17)
$349,000
15 40th St #12, Ocean City, MD 21842
2beds
728sqft
Condominium
Built in 1959
-- sqft lot
$337,000 Zestimate®
$479/sqft
$190/mo HOA
What's special
Fully furnishedCentral airPrivate parking
- 173 days |
- 396 |
- 22 |
Zillow last checked:
Listing updated:
Listed by:
Mrs. Kimberly M Dixson 443-373-1328,
Coldwell Banker Realty 4102638686,
Co-Listing Agent: John W Dixson 443-822-9804,
Coldwell Banker Realty
Source: Bright MLS,MLS#: MDWO2035978
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Basement
- Area: 0
Heating
- Other, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Microwave, Electric Water Heater
- Laundry: In Unit
Features
- Dry Wall
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 728
- Total interior livable area: 728 sqft
- Finished area above ground: 728
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Asphalt, Paved, Private, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: None
- Waterfront features: Ocean
- Body of water: Atlantic Ocean
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 1000560146
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Coastal
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Frame, Stick Built, Vinyl Siding
- Roof: Asphalt
Condition
- Very Good
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Phone Available, Cable, Broadband, Fixed Wireless, Other Internet Service
Community & HOA
Community
- Condo and coop fee: $190 monthly
- Subdivision: None Available
HOA
- Has HOA: No
- Amenities included: None
- Services included: None
Location
- Region: Ocean City
Financial & listing details
- Price per square foot: $479/sqft
- Tax assessed value: $141,933
- Annual tax amount: $1,944
- Date on market: 1/29/2026
- Listing agreement: Exclusive Agency
- Ownership: Condominium
Estimated market value
$337,000
$320,000 - $354,000
$1,815/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Price change | $349,000-8.1%$479/sqft |
Source:  Bright MLS #MDWO2035978 Report a problem | ||
| 3/30/2026 | Price change | $379,900-4.8%$522/sqft |
Source: Bright MLS #MDWO2035978 Report a problem | ||
| 1/29/2026 | Listed for sale | $399,000+14.3%$548/sqft |
Source: Bright MLS #MDWO2035978 Report a problem | ||
| 12/4/2025 | Listing removed | $349,000$479/sqft |
Source: Bright MLS #MDWO2033864 Report a problem | ||
| 11/6/2025 | Price change | $349,000-12.5%$479/sqft |
Source: Bright MLS #MDWO2033864 Report a problem | ||
| 10/10/2025 | Listed for sale | $399,000+239.6%$548/sqft |
Source: Bright MLS #MDWO2033864 Report a problem | ||
| 6/2/2016 | Sold | $117,500$161/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,944 +9% | $141,933 +11.4% |
| 2024 | $1,783 +12.1% | $127,367 +12.9% |
| 2023 | $1,590 | $112,800 |
| 2022 | $1,590 -0.2% | $112,800 |
| 2021 | $1,594 | $112,800 |
| 2020 | $1,594 -0.7% | $112,800 |
| 2019 | $1,605 +0.7% | $112,800 |
| 2018 | $1,593 -20.5% | $112,800 -20.5% |
| 2017 | $2,004 +1.2% | $141,900 |
| 2016 | $1,980 | $141,900 |
| 2015 | $1,980 | $141,900 |
| 2014 | $1,980 | $141,900 |
| 2013 | -- | $141,900 |
| 2012 | -- | $141,900 -14% |
| 2011 | -- | $165,000 -7.1% |
| 2010 | -- | $177,630 |
| 2009 | -- | $177,630 -20% |
| 2008 | -- | $222,040 +25% |
| 2007 | -- | $177,630 +33.3% |
| 2006 | -- | $133,220 +50% |
| 2005 | -- | $88,810 +13.6% |
| 2004 | -- | $78,206 +15.7% |
| 2003 | -- | $67,603 +18.6% |
| 2002 | -- | $57,000 |
| 2001 | -- | $57,000 |
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
GreatSchools rating
- 10/10Ocean City Elementary SchoolGrades: PK-4Distance: 2.4 mi
- 10/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 6.9 mi
- 7/10Stephen Decatur High SchoolGrades: 9-12Distance: 6.7 mi
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.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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