Come and relax, play and enjoy this beautiful waterfront end of group Townhome, in sought after Crab Cove! Completely and very tastefully remodeled 3-bedroom 2.5 bath with private deck and deeded boat slip. Upgrades includes heating and air mini split systems, upgraded flooring throughout, deck awing with remote controlled lighting and wind Sensors, Oak Stairs, plenty of storage, 8000lb boat lift, Upgraded Sliding glass doors, New front door internet lock, New Refrigerator, New deck furniture, plus much, much more. This is Truley a must see and will not last long. Close distance to shopping, restaurants and beach.
Sold for $490,000
$490,000
501 Penguin Dr #8A02, Ocean City, MD 21842
3beds
1,118sqft
Townhouse
Built in 1983
-- sqft lot
$511,900 Zestimate®
$438/sqft
$2,858 Estimated rent
Home value
$511,900
$481,000 - $548,000
$2,858/mo
Zestimate® history
Owner options
List your home for rent
$2,858/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,858/mo
Rent Zestimate®
Refinance and save
$2,985/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,985/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Wind sensorsUpgraded flooring throughoutPlenty of storageOak stairsNew deck furnitureUpgraded sliding glass doorsPrivate deck
Zillow last checked:
Listing updated:
Listed by:
Mary Jo Cole 443-615-4986,
Keller Williams Realty Centre
Bought with:
Whitney Jarvis, RS-0023034
Coldwell Banker Realty
Source: Bright MLS,MLS#: MDWO2015356
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Basement
- Area: 0
Heating
- Baseboard, Wall Unit, Electric
Cooling
- Ceiling Fan(s), Ductless, Electric
Appliances
- Included: Dishwasher, Exhaust Fan, Cooktop, Washer/Dryer Stacked, Electric Water Heater
- Laundry: Upper Level
Features
- Ceiling Fan(s), Combination Kitchen/Living, Family Room Off Kitchen, Open Floorplan, Kitchen - Table Space, Primary Bath(s), Primary Bedroom - Bay Front, Upgraded Countertops, Other
- Flooring: Luxury Vinyl, Other
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,118
- Total interior livable area: 1,118 sqft
- Finished area above ground: 1,118
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Parking Lot
- Details: Assigned Parking, Assigned Space #: 10
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Patio & porch: Porch
- Exterior features: Sidewalks, Other, Awning(s)
- Pool features: Community
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- Waterfront features: Canal
- Frontage length: Water Frontage Ft: 6
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410230594
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Coastal
- Property subtype: Townhouse
Materials
- Asphalt, Block, Stick Built
- Foundation: Other
Condition
- Excellent
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Pool
- Condo and coop fee: $900 quarterly
- Subdivision: Caine Harbor Mile
HOA
- Has HOA: No
- Amenities included: Pool, Boat Ramp
- Services included: Common Area Maintenance, Maintenance Grounds, Pool(s), Insurance
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $438/sqft
- Tax assessed value: $256,000
- Annual tax amount: $3,609
- Date on market: 7/26/2023
- Listing agreement: Exclusive Right To Sell
- Inclusions: Partially Furnished / See List
- Exclusions: Exclusion List Attached. Boat Not Included In Price Of Home
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2023 | Sold | $490,000-3%$438/sqft |
Source:  Bright MLS #MDWO2015356 Report a problem | ||
| 8/1/2023 | Contingent | $505,000$452/sqft |
Source: Bright MLS #MDWO2015356 Report a problem | ||
| 7/26/2023 | Listed for sale | $505,000+304%$452/sqft |
Source: Bright MLS #MDWO2015356 Report a problem | ||
| 11/23/1999 | Sold | $125,000+31.6%$112/sqft |
Source: Public Record Report a problem | ||
| 4/23/1997 | Sold | $95,000$85/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,639 +11.5% | $338,733 +13.9% |
| 2024 | $4,162 +15.3% | $297,367 +16.2% |
| 2023 | $3,609 | $256,000 |
| 2022 | $3,609 -0.2% | $256,000 |
| 2021 | $3,617 | $256,000 |
| 2020 | $3,617 +1.4% | $256,000 |
| 2019 | $3,567 +2.9% | $256,000 +4.3% |
| 2018 | $3,468 +2.2% | $245,533 +2.2% |
| 2017 | $3,393 +4.2% | $240,300 +2.2% |
| 2016 | $3,256 | $235,100 +2.3% |
| 2015 | $3,256 | $229,900 +2.3% |
| 2014 | $3,256 | $224,700 |
| 2013 | -- | $224,700 |
| 2012 | -- | $224,700 -17.2% |
| 2011 | -- | $271,320 |
| 2010 | -- | $271,320 |
| 2009 | -- | $271,320 -15.2% |
| 2008 | -- | $320,110 +16.8% |
| 2007 | -- | $274,096 +14.8% |
| 2006 | -- | $238,793 +31.2% |
| 2005 | -- | $182,070 +19.5% |
| 2004 | -- | $152,380 +24.2% |
| 2003 | -- | $122,690 +31.9% |
| 2002 | -- | $93,000 +1.8% |
| 2001 | -- | $91,332 |
Find assessor info on the county website
Neighborhood: Midtown
Nearby homes
- $631,9003 bd4 ba1.3k sqft505 Penguin Dr UNIT 10, Ocean City, MD 21842Off Market
- $448,000-- bd2 ba1.1k sqft501 Penguin Dr #2B01, Ocean City, MD 21842Off Market
- $424,800-- bd2 ba1.1k sqft501 Penguin Dr #3B01, Ocean City, MD 21842Off Market
- $446,600-- bd2 ba1.1k sqft501 Penguin Dr #4A01, Ocean City, MD 21842Off Market
- $447,600-- bd2 ba1.1k sqft501 Penguin Dr #5B01, Ocean City, MD 21842Off Market
- $508,9003 bd3 ba1.1k sqft501 Penguin Dr #6B01, Ocean City, MD 21842Off Market
- $496,4003 bd3 ba1.1k sqft501 Penguin Dr #7A01, Ocean City, MD 21842Off Market
- $391,600-- bd2 ba946 sqft501 Penguin Dr #9B02, Ocean City, MD 21842Off Market
Nearby schools
GreatSchools rating
- 10/10Ocean City Elementary SchoolGrades: PK-4Distance: 1.8 mi
- 10/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 6.3 mi
- 7/10Stephen Decatur High SchoolGrades: 9-12Distance: 6.2 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.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$511,900
2% more
+$10,238
With Zillow Showcase(estimated)
$522,138
- Maryland
- Worcester County
- Ocean City
- 21842
- Midtown
- 501 Penguin Dr Unit 8A02
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Ocean City Topics
