Renovated in 2023, the current owners covered all the details in making this adorable beach bungalow ready for the rental season. Consistently receiving 5 Star reviews on Airbnb, the rental income from this past season is just over $21K. The condo’s downtown Ocean City, Maryland location, is just a few blocks from the beach and boardwalk and just a short drive to Assateague Island, making this a great addition to your investment portfolio and/or a vacation get-away. A fully stocked kitchen with a new refrigerator, makes it easy to prepare a quick meal or enjoy take out from one of the many nearby restaurants. The flat screen TV, convertible sleeper sofa, new window A/C and baseboard heater adds to the comfort of enjoying this space anytime of the year. Who doesn’t love a retro PacMan game – whether it’s saved for a rainy day activity or a friendly competition – as part of the condo décor! Guests can enjoy a newly tiled walk-in shower with all new fixtures, including a wall mount hairdryer. The fully furnished condo also includes a new Queen bed/frame, nightstands and another flat screen TV in the bedroom. Whether it’s enjoying a morning coffee on the beach themed porch or an afternoon swim in the community pool, The Parrot Bay community is a sought after location.
Sold for $180,000
$180,000
205 5th St Unit 40, Ocean City, MD 21842
1beds
304sqft
Condominium
Built in 1940
-- sqft lot
$195,200 Zestimate®
$592/sqft
$1,325 Estimated rent
Home value
$195,200
$180,000 - $211,000
$1,325/mo
Zestimate® history
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Flat screen tvFully stocked kitchenNew fixturesConvertible sleeper sofaNewly tiled walk-in shower
Zillow last checked:
Listing updated:
Listed by:
Wendy Wisch 443-467-9385,
Berkshire Hathaway HomeServices PenFed Realty - OP,
Listing Team: The Wisch Team At Berkshire Hathaway Homeservices Penfed Realty, Co-Listing Team: The Wisch Team At Berkshire Hathaway Homeservices Penfed Realty,Co-Listing Agent: Harry Mounts Jr. 410-562-0132,
Berkshire Hathaway HomeServices PenFed Realty - OP
Bought with:
Eka Suryadi Poling, RS-0037015
Keller Williams Realty
Source: Bright MLS,MLS#: MDWO2018192
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater
- Laundry: Common Area
Features
- Combination Dining/Living, Combination Kitchen/Living, Combination Kitchen/Dining, Open Floorplan
- Flooring: Luxury Vinyl, Ceramic Tile
- Has basement: No
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 304
- Total interior livable area: 304 sqft
- Finished area above ground: 304
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Pool features: Community
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410749549
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Coastal
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stick Built
- Foundation: Block
- Roof: Asphalt
Condition
- Excellent
- New construction: No
- Year built: 1940
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Septic
- Water: Public
Community & HOA
Community
- Condo and coop fee: $950 quarterly
- Subdivision: None Available
HOA
- Has HOA: No
- Amenities included: Laundry, Pool, Security
- Services included: Common Area Maintenance, Maintenance Structure, Insurance, Management, Pool(s), Trash, Cable TV
- HOA name: Parrot Bay
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $592/sqft
- Tax assessed value: $93,600
- Annual tax amount: $1,319
- Date on market: 12/29/2023
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Completely Furnished
- Exclusions: Bed Linens And Towels, All Artwork And Wall Decor, Games, (2) Blink Door Bells
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2024 | Sold | $180,000+2.9%$592/sqft |
Source:  Bright MLS #MDWO2018192 Report a problem | ||
| 12/31/2023 | Contingent | $174,900$575/sqft |
Source: Bright MLS #MDWO2018192 Report a problem | ||
| 12/29/2023 | Listed for sale | $174,900-7.9%$575/sqft |
Source: Bright MLS #MDWO2018192 Report a problem | ||
| 11/18/2023 | Listing removed | -- |
Source: Bright MLS #MDWO2017344 Report a problem | ||
| 11/11/2023 | Contingent | $189,900$625/sqft |
Source: Bright MLS #MDWO2017344 Report a problem | ||
| 11/3/2023 | Listed for sale | $189,900+55%$625/sqft |
Source: Bright MLS #MDWO2017344 Report a problem | ||
| 2/9/2023 | Sold | $122,500+92.9%$403/sqft |
Source: Public Record Report a problem | ||
| 6/18/2014 | Sold | $63,500$209/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,621 +9.3% | $118,333 +11.7% |
| 2024 | $1,483 +12.4% | $105,967 +13.2% |
| 2023 | $1,319 | $93,600 |
| 2022 | $1,319 -0.2% | $93,600 |
| 2021 | $1,322 | $93,600 |
| 2020 | $1,322 +11.9% | $93,600 |
| 2019 | $1,182 +15.3% | $93,600 +29% |
| 2018 | $1,025 +17% | $72,533 +17% |
| 2017 | $875 -43.3% | $62,000 |
| 2016 | $1,543 | $62,000 |
| 2015 | $1,543 | $62,000 -3.1% |
| 2014 | $1,543 | $64,000 |
| 2013 | -- | $64,000 |
| 2012 | -- | $64,000 -50.2% |
| 2011 | -- | $128,590 +7.2% |
| 2010 | -- | $119,976 +7.7% |
| 2009 | -- | $111,363 +8.4% |
| 2008 | -- | $102,750 +3.5% |
| 2007 | -- | $99,302 |
Find assessor info on the county website
Neighborhood: Boardwalk/Inlet
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Nearby schools
GreatSchools rating
- 10/10Ocean City Elementary SchoolGrades: PK-4Distance: 1.4 mi
- 10/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 5.8 mi
- 7/10Stephen Decatur High SchoolGrades: 9-12Distance: 5.7 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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- Maryland
- Worcester County
- Ocean City
- 21842
- Boardwalk/Inlet
- 205 5th St Unit 40
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