A guest favorite vacation rental property, this property has generated $198,547 in revenue, as a short term rental, over the past 4 years for an average of $49636/yr. Located in the heart of Downtown Ocean City. A short walk to the bay and the beach. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the oversized spacious deck or hang inside where the mini split installed in 2023 will keep the inside nice and cool. If you like to hang out in the sun, enjoy the Parrot Bay community pool only 100' from your door. Only a block away is the bayside boardwalk and newly renovated park on 4th st and 3 short blocks from the Boardwalk and beach. Off Street parking is always crucial in Ocean City and on site security helps keep the community of Parrot Bay peaceful and enjoyable. The Parrot Bay association also provides internet. Electrical Panels were upgraded in 2021. Inside the unit you will find 3 bedrooms and 2 full bathrooms, a kitchen with new (2021) quartz countertops and new Appliances (2023), also you will find the dining room past the kitchen with a rear door to a wrap around deck and stairs. Additional storage for the building under the deck stairwell and along the side of the unit. In addition to the Condo Dues there is a quarterly fee of $697 due for building reserves in compliance to House Bill 107. The reserves are building specific so you don't pay for other buildings maintenance aside from common elements. The total combined monthly HOA and Reserve is $683/month.
Sold for $440,000
$440,000
205 5th St Unit 45, Ocean City, MD 21842
3beds
895sqft
Condominium
Built in 1940
-- sqft lot
$431,200 Zestimate®
$492/sqft
$2,349 Estimated rent
Home value
$431,200
$397,000 - $470,000
$2,349/mo
Zestimate® history
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List your homeWhat's special
Additional storageWrap around deckNew appliancesDining roomOversized spacious deck
Zillow last checked:
Listing updated:
Listed by:
Lucas Milburn 443-299-9783,
Long & Foster Real Estate, Inc.
Bought with:
Jessica Stroble, 5016061
Sheppard Realty Inc
Source: Bright MLS,MLS#: MDWO2026644
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Ductless, Electric
Appliances
- Included: Microwave, Oven/Range - Electric, Refrigerator, Dishwasher, Electric Water Heater
- Laundry: Shared
Features
- Dry Wall
- Flooring: Luxury Vinyl
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 895
- Total interior livable area: 895 sqft
- Finished area above ground: 895
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Parking Space Conveys, Off Street
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Pool features: Community
- Waterfront features: Bayblock
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 10749603
- Zoning: RESIDENTIAL
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Coastal
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- Good
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Cable
Community & HOA
Community
- Features: Pool
- Condo and coop fee: $1,368 quarterly
- Subdivision: Hitchens & Trimper
HOA
- Has HOA: No
- Amenities included: Pool
- Services included: Common Area Maintenance, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Maintenance Grounds, Pool(s), Reserve Funds, Trash
- HOA name: Parrot Bay
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $492/sqft
- Tax assessed value: $180,433
- Annual tax amount: $202
- Date on market: 11/8/2024
- Listing agreement: Exclusive Agency
- Listing terms: Conventional,Cash
- Inclusions: All Furniture And Furnishings
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2024 | Sold | $440,000-8.1%$492/sqft |
Source:  Bright MLS #MDWO2026644 Report a problem | ||
| 11/27/2024 | Contingent | $479,000$535/sqft |
Source:  Long & Foster Broker Feed #MDWO2026644 Report a problem | ||
| 11/8/2024 | Listed for sale | $479,000-4.6%$535/sqft |
Source: Long & Foster Broker Feed #MDWO2026644 Report a problem | ||
| 9/26/2023 | Sold | $502,000+1.4%$561/sqft |
Source: Bright MLS #MDWO2013844 Report a problem | ||
| 7/28/2023 | Contingent | $495,000$553/sqft |
Source: Bright MLS #MDWO2013844 Report a problem | ||
| 6/13/2023 | Listed for sale | $495,000+10%$553/sqft |
Source: Bright MLS #MDWO2013844 Report a problem | ||
| 5/28/2023 | Contingent | $450,000$503/sqft |
Source: Bright MLS #MDWO2013844 Report a problem | ||
| 5/17/2023 | Listed for sale | $450,000+104.5%$503/sqft |
Source: Bright MLS #MDWO2013844 Report a problem | ||
| 3/12/2021 | Sold | $220,000+18.9%$246/sqft |
Source: Public Record Report a problem | ||
| 8/29/2014 | Sold | $185,000$207/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,676 +6% | $195,367 +8.3% |
| 2024 | $2,525 +8.2% | $180,433 +9% |
| 2023 | $2,333 | $165,500 |
| 2022 | $2,333 -0.2% | $165,500 |
| 2021 | $2,338 | $165,500 |
| 2020 | $2,338 +10.5% | $165,500 |
| 2019 | $2,117 +13.4% | $165,500 +25.3% |
| 2018 | $1,866 +14.5% | $132,100 +14.5% |
| 2017 | $1,629 -18% | $115,400 |
| 2016 | $1,987 | $115,400 |
| 2015 | $1,987 | $115,400 -11.6% |
| 2014 | $1,987 | $130,600 |
| 2013 | -- | $130,600 |
| 2012 | -- | $130,600 -21.1% |
| 2011 | -- | $165,570 +7.1% |
| 2010 | -- | $154,532 +7.7% |
| 2009 | -- | $143,496 +8.3% |
| 2008 | -- | $132,460 +3.5% |
| 2007 | -- | $127,982 |
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
- Elementary: Ocean City
- Middle: Stephen Decatur
- High: Stephen Decatur
- 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 45
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