508 Edgewater Avenue, Ocean City, MD. Unique Investment Property. 3 Apartments, 6 bedrooms, 4 baths. Welcome to an extremely desirable vacation rental/investment property in downtown Ocean City. This charming property has 3 apartments, a fantastic downtown Ocean City location, in a tranquil bayside neighborhood less than 100 feet from the bay. The property has a long history of short-term and long-term rental revenue. It has no HOA. Apartment #1, 1 st floor, is approximately 550 sq ft. It sleeps 4 and features 1 bedroom, 1 full bath, full kitchen, washer/dryer, and a spacious living area with picture window. Apartment #2, 1 st floor, is approximately 1,000 sq ft. It sleeps 6 and features 2 bedrooms, 1 full bath, full kitchen, washer/dryer, and a large, covered porch. Apartment #3, 2 nd floor, is approximately 1,700 sq ft. It sleeps additional persons due the oversized bedrooms and features 3 bedrooms, 2 full baths, full kitchen, separate washer/dryer, a very large living area, and a very large wrap-around sun deck. Step inside any of the 3 apartments and experience Ocean City charm. The spacious living areas in each apartment boast a stylish and comfortable atmosphere, feature practical seating, and beachy décor. Each fully equipped kitchen offers modern appliances and ample counter space for preparing meals. Parking is available for 4 cars. A public paid parking lot is close by. This exceptional property is a short distance to entertainment, pubs, shopping, beach, fabulous boardwalk, amusements, rides, and food. Located between 3rd and 4th streets (2 blocks away), the Ocean City Downtown Recreation Complex offers a lighted multipurpose ballfield, and a small ballfield appropriate for youth softball games, as well as a playground area. The complex also has basketball hoops and two hard tennis courts. The Ocean Bowl Skate Park is adjacent to the complex. Sold fully furnished.
Sold for $940,000
$940,000
508 Edgewater Ave, Ocean City, MD 21842
16beds
--baths
3,294sqft
Triplex
Built in 1960
-- sqft lot
$-- Zestimate®
$285/sqft
$2,215 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,215/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Mechelle Nichols 410-430-1575,
Berkshire Hathaway HomeServices PenFed Realty
Bought with:
Mechelle Nichols, RS0025254
Berkshire Hathaway HomeServices PenFed Realty
Source: Bright MLS,MLS#: MDWO2015792
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
Basement
- Area: 0
Heating
- Forced Air, Other, Natural Gas
Cooling
- Central Air, Multi Units, Electric
Appliances
- Included: Microwave, Dishwasher, Disposal, Dryer, Dual Flush Toilets, Double Oven, Self Cleaning Oven, Refrigerator, Cooktop, Washer, Washer/Dryer Stacked, Water Heater, Electric Water Heater
Features
- 9'+ Ceilings, Cathedral Ceiling(s), Dry Wall, Paneled Walls, Wood Ceilings, Wood Walls
- Flooring: Bamboo, Carpet, Ceramic Tile, Hardwood, Laminate
- Doors: Six Panel, Insulated, Sliding Glass, Storm Door(s)
- Has basement: No
- Number of fireplaces: 1
Interior area
- Total structure area: 3,294
- Total interior livable area: 3,294 sqft
Property
Parking
- Parking features: Concrete, Driveway, Off Site, Off Street, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Patio & porch: Deck, Porch
- Exterior features: Awning(s), Outdoor Shower, Storage, Balcony
- Pool features: None
- Has view: Yes
- View description: Bay, Water
- Has water view: Yes
- Water view: Bay,Water
- Waterfront features: Bayblock, Bay
Lot
- Size: 5,000 Square Feet
- Features: Cleared, Corner Lot, Rear Yard
Details
- Additional structures: Above Grade, Below Grade, Outbuilding
- Parcel number: 2410032938
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Coastal
- Property subtype: Triplex
Materials
- Asbestos, Copper Plumbing, CPVC/PVC, Mixed Plumbing, Shingle Siding, Stick Built
- Foundation: Crawl Space, Block
- Roof: Asbestos Shingle
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $285/sqft
- Tax assessed value: $586,867
- Annual tax amount: $8,121
- Date on market: 8/16/2023
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional
- Exclusions: Specific Memories Jar And Laminated Card In Each Property.
- Ownership: Fee Simple
- Road surface type: Black Top
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/19/2026 | Listed for sale | $1,500,000-16.4%$455/sqft |
Source: Owner Report a problem | ||
| 7/24/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/3/2025 | Listed for sale | $1,795,000+91%$545/sqft |
Source: Owner Report a problem | ||
| 11/30/2023 | Sold | $940,000+1.6%$285/sqft |
Source:  Bright MLS #MDWO2015792 Report a problem | ||
| 8/29/2023 | Contingent | $925,000$281/sqft |
Source: Bright MLS #MDWO2015792 Report a problem | ||
| 8/17/2023 | Listed for sale | $925,000+27.6%$281/sqft |
Source: Bright MLS #MDWO2015792 Report a problem | ||
| 4/26/2021 | Sold | $725,000-2%$220/sqft |
Source: BHHS PenFed solds #-1874271131210448279 Report a problem | ||
| 1/12/2021 | Listing removed | -- |
Source:  Bright MLS Report a problem | ||
| 12/27/2020 | Price change | $739,7500%$225/sqft |
Source: Bunting Realty, Inc. #MDWO117546 Report a problem | ||
| 10/19/2020 | Listed for sale | $739,900-1.3%$225/sqft |
Source: Bunting Realty, Inc. #MDWO117546 Report a problem | ||
| 5/13/2019 | Listing removed | $750,000$228/sqft |
Source: Bunting Realty, Inc. #MDWO105648 Report a problem | ||
| 4/23/2019 | Price change | $750,000+0%$228/sqft |
Source: Bunting Realty, Inc. #MDWO105648 Report a problem | ||
| 1/14/2019 | Price change | $749,7500%$228/sqft |
Source: Bunting Realty, Inc. #1001562568 Report a problem | ||
| 1/3/2019 | Price change | $750,000-2%$228/sqft |
Source: Bunting Realty, Inc. #1001562568 Report a problem | ||
| 11/21/2018 | Price change | $765,000-1.3%$232/sqft |
Source: Bunting Realty, Inc. #1001562568 Report a problem | ||
| 6/26/2018 | Price change | $775,000-1.3%$235/sqft |
Source: Bunting Realty, Inc. #1001562568 Report a problem | ||
| 4/26/2018 | Listed for sale | $785,000+2.6%$238/sqft |
Source: Bunting Realty #516227 Report a problem | ||
| 10/15/2017 | Listing removed | $765,000$232/sqft |
Source: Bunting Realty #504922 Report a problem | ||
| 9/29/2017 | Price change | $765,000-1.3%$232/sqft |
Source: Bunting Realty #504922 Report a problem | ||
| 8/18/2017 | Price change | $775,000+0%$235/sqft |
Source: Bunting Realty #504922 Report a problem | ||
| 5/19/2017 | Price change | $774,9990%$235/sqft |
Source: Bunting Realty #504922 Report a problem | ||
| 9/16/2016 | Price change | $775,000-2.5%$235/sqft |
Source: Bunting Realty #504922 Report a problem | ||
| 7/1/2016 | Listed for sale | $795,000-0.5%$241/sqft |
Source: Bunting Realty #504922 Report a problem | ||
| 1/1/2016 | Listing removed | $799,250$243/sqft |
Source: Bunting Realty #484255 Report a problem | ||
| 11/3/2015 | Listed for sale | $799,250$243/sqft |
Source: Seashore & Bunting Realty Inc Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Boardwalk/Inlet
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Nearby schools
GreatSchools rating
- 10/10Ocean City Elementary SchoolGrades: PK-4Distance: 1.3 mi
- 10/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 5.7 mi
- 7/10Stephen Decatur High SchoolGrades: 9-12Distance: 5.7 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
- Boardwalk/Inlet
- 508 Edgewater Ave
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