This meticulously maintained two-story waterfront townhome offers the ultimate coastal living experience with direct canal access and a 7,000lb boat lift. This beautifully remodeled 2BR unit features tasteful coastal décor and paint colors, creating a bright and airy ambiance that complements its serene surroundings. Enjoy the privacy of a townhome with no shared walls above or below, offering a quiet and peaceful retreat. Fully furnished with only a few exclusions, this home is truly turn-key, allowing you to move in and start enjoying the waterfront lifestyle right away. The updates include newer cabinetry, countertops, and appliances in the kitchen, composite decking on both the first and second-floor outdoor spaces, offering durability and low maintenance for years to come. The spacious outdoor living areas are perfect for dining, entertaining, or simply relaxing by the water. This townhome is part of a self-managed association with reasonable condo fees, ensuring that the property remains well-maintained and offering peace of mind for homeowners. The association owns the grassy lot across from the building, which is available for owners to park trailers and other items. You love this location, situated just a short distance to the beach, and offers easy access to the area's best amusements and great dining options. Whether you're looking to relax by the shore, explore local attractions, or enjoy a night out, this location is convenient to it all. Don't miss out on this opportunity to own an immaculate waterfront home with excellent boating access, modern conveniences, and plenty of outdoor space. Contact us today for a private tour and see why this townhome truly feels like home!
Sold for $460,000
$460,000
505 Penguin Dr Unit 8, Ocean City, MD 21842
2beds
1,033sqft
Townhouse
Built in 1981
-- sqft lot
$452,400 Zestimate®
$445/sqft
$2,505 Estimated rent
Home value
$452,400
$416,000 - $493,000
$2,505/mo
Zestimate® history
Owner options
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$2,505/mo
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$2,818/mo
Est. payment
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$2,818/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Whitney Jarvis 443-944-3073,
Coldwell Banker Realty
Bought with:
Unrepresented Buyer
Unrepresented Buyer Office
Source: Bright MLS,MLS#: MDWO2023568
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Basement
- Area: 0
Heating
- Heat Pump, Electric
Cooling
- Ceiling Fan(s), Central Air, Electric
Appliances
- Included: Microwave, Dishwasher, Disposal, Dryer, Ice Maker, Self Cleaning Oven, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater, ENERGY STAR Qualified Refrigerator, Electric Water Heater
- Laundry: Main Level
Features
- Ceiling Fan(s), Combination Dining/Living, Open Floorplan, Primary Bedroom - Bay Front
- Flooring: Ceramic Tile, Carpet
- Windows: Window Treatments
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,033
- Total interior livable area: 1,033 sqft
- Finished area above ground: 1,033
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: General Common Elements, Paved, On Street, Off Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
- Pool features: None
- Has view: Yes
- View description: Canal, Bay, Water
- Has water view: Yes
- Water view: Canal,Bay,Water
- Waterfront features: Private Dock Site, Canal, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Boat - Powered
- Frontage length: Water Frontage Ft: 15
Lot
- Features: Additional Lot(s)
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 10211751
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Brick, Frame, Stick Built, Vinyl Siding
- Foundation: Crawl Space
- Roof: Asphalt
Condition
- Excellent
- New construction: No
- Year built: 1981
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Condo and coop fee: $3,400 annually
- Subdivision: Mallard Landing
HOA
- Has HOA: No
- Amenities included: Common Grounds, Reserved/Assigned Parking, Boat Dock/Slip
- Services included: Common Area Maintenance, Maintenance Structure, Insurance, Pier/Dock Maintenance, Reserve Funds
- HOA name: Mallard Landing
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $445/sqft
- Tax assessed value: $206,600
- Annual tax amount: $2,912
- Date on market: 9/30/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Furniture
- Exclusions: See Exclusion List In Documents
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2025 | Listing removed | $2,100$2/sqft |
Source: Bright MLS #MDWO2033132 Report a problem | ||
| 9/4/2025 | Listed for rent | $2,100$2/sqft |
Source: Bright MLS #MDWO2033132 Report a problem | ||
| 12/13/2024 | Sold | $460,000-2.7%$445/sqft |
Source:  Bright MLS #MDWO2023568 Report a problem | ||
| 11/13/2024 | Contingent | $472,900$458/sqft |
Source: Bright MLS #MDWO2023568 Report a problem | ||
| 11/12/2024 | Price change | $472,900-0.4%$458/sqft |
Source: Bright MLS #MDWO2023568 Report a problem | ||
| 9/30/2024 | Listed for sale | $474,900+72.4%$460/sqft |
Source: Bright MLS #MDWO2023568 Report a problem | ||
| 3/29/2019 | Sold | $275,500-3.3%$267/sqft |
Source: Agent Provided Report a problem | ||
| 2/25/2019 | Pending sale | $285,000$276/sqft |
Source: Coldwell Banker Residential Brokerage - Ocean City-64th #MDWO101812 Report a problem | ||
| 12/22/2018 | Listed for sale | $285,000$276/sqft |
Source: Coldwell Banker Residential - 64 #MDWO101812 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Midtown
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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: 6.1 mi
Schools provided by the listing agent
- 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
- Midtown
- 505 Penguin Dr Unit 8
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