This is an amazing one-bedroom unit in the heart of downtown that won't disappoint. If you're looking for your next hideaway in ocean city to vacation or you're looking for a powerhouse income producing unit, you have arrived. Walking distance to the beach, boardwalk and all local attractions; this home is central to everything. Over the last two years this unit has grossed (on average) $22,000 each summer and can produce even more if operated during the winter as an off-season rental. Recently updated with new furniture, paint and staging, this gem can comfortably sleep 5 adults. The home has a full kitchen, a large shower and a recently updated exterior space. Stairs and deck have been rebuilt using Trex decking and provide a quiet private space to rest once you have walked off the beach. There is nothing on the market at this price that can compare.
For sale
$205,000
205 5th St Unit 41, Ocean City, MD 21842
1beds
304sqft
:
Get pre-qualified$1,623/mo
Condominium
Built in 1940
-- sqft lot
$-- Zestimate®
$674/sqft
$176/mo HOA
What's special
- 43 days |
- 523 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Ryan Eby 443-538-6512,
Corner House Realty (443) 499-3839
Source: Bright MLS,MLS#: MDWO2039074
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
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 304
- Total interior livable area: 304 sqft
- Finished area above ground: 304
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Off Site
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: Community
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410749557
- Zoning: R2
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Bungalow
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Combination
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: No Septic System, Public Sewer
- Water: Public
Community & HOA
Community
- Condo and coop fee: $527 quarterly
- Subdivision: None Available
HOA
- Has HOA: No
- Amenities included: Pool
- Services included: Reserve Funds, Insurance, Common Area Maintenance, Cable TV
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $674/sqft
- Tax assessed value: $130,700
- Annual tax amount: $1,621
- Date on market: 6/11/2026
- Listing agreement: Exclusive Agency
- Ownership: Condominium
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Listed for sale | $205,000+20.6%$674/sqft |
Source:  Bright MLS #MDWO2039074 Report a problem | ||
| 6/7/2024 | Sold | $170,000$559/sqft |
Source: Bright MLS #MDWO2020406 Report a problem | ||
| 5/1/2024 | Contingent | $170,000$559/sqft |
Source: Bright MLS #MDWO2020406 Report a problem | ||
| 4/20/2024 | Listed for sale | $170,000+13.3%$559/sqft |
Source: Bright MLS #MDWO2020406 Report a problem | ||
| 2/17/2023 | Sold | $150,000$493/sqft |
Source: Bright MLS #MDWO2010800 Report a problem | ||
| 1/2/2023 | Contingent | $150,000$493/sqft |
Source: Bright MLS #MDWO2010800 Report a problem | ||
| 10/14/2022 | Listed for sale | $150,000+42.9%$493/sqft |
Source: Bright MLS #MDWO2010800 Report a problem | ||
| 10/19/2020 | Sold | $105,000+5.2%$345/sqft |
Source: Public Record Report a problem | ||
| 10/9/2018 | Sold | $99,800+1.8%$328/sqft |
Source: Public Record Report a problem | ||
| 8/18/2017 | Sold | $98,000$322/sqft |
Source: Agent Provided Report a problem | ||
| 8/2/2017 | Pending sale | $98,000$322/sqft |
Source: Berkshire Hathaway HomeServices PenFed Realty - Berlin #511669 Report a problem | ||
| 7/30/2017 | Listed for sale | $98,000+49.6%$322/sqft |
Source: Berkshire Hathaway HomeServices PenFed Realty - Berlin #511669 Report a problem | ||
| 2/21/2014 | Sold | $65,500$215/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
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Boardwalk/Inlet
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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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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