Discover an exceptional investment opportunity in the coveted Montego Bay community, where the allure of bayside living meets the potential for lucrative returns. This charming manufactured home, built in 1989, offers 1,200 sq. ft. of space, featuring 3 bedrooms and 2 bathrooms, perfect for those seeking a serene retreat or a rental property. Nestled near the tranquil Assawoman Bay, this property boasts access to a wealth of community amenities, including outdoor pool, tennis courts, pickle ball and scenic jogging paths. The low association fees cover common area maintenance, ensuring a well-kept environment that enhances property value. This home presents a unique chance for investors to renovate and increase equity as it's priced below appraised value. The vibrant community atmosphere and proximity to water activities make it an attractive rental option, promising steady income potential. Don't miss out on this chance to invest in a lifestyle that combines relaxation with financial growth!
Sold for $230,000
$230,000
705 Gulf Stream Dr, Ocean City, MD 21842
2beds
1,200sqft
Manufactured Home
Built in 1989
3,485 Square Feet Lot
$232,100 Zestimate®
$192/sqft
$2,732 Estimated rent
Home value
$232,100
$207,000 - $262,000
$2,732/mo
Zestimate® history
Owner options
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$2,732/mo
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$2,732/mo
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$1,514/mo
Est. payment
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$1,514/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Dale Bock 410-218-9813,
Berkshire Hathaway HomeServices Homesale Realty
Bought with:
Bill Rothstein, 636931
Montego Bay Realty
Source: Bright MLS,MLS#: MDWO2035092
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Bathroom 1
- Level: Main
Bathroom 2
- Level: Main
Heating
- Forced Air, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Electric Water Heater
- Laundry: Main Level
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,200
- Total interior livable area: 1,200 sqft
- Finished area above ground: 1,200
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Driveway
- Uncovered spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: Community
- Waterfront features: Bayside, Canal
- Body of water: Assawoman Bay
Lot
- Size: 3,485 Square Feet
Details
- Additional structures: Above Grade
- Parcel number: 2410318637
- Zoning: TR
- Special conditions: Standard
Construction
Type & style
- Home type: MobileManufactured
- Property subtype: Manufactured Home
Materials
- Aluminum Siding
Condition
- Below Average
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Montego Bay
HOA
- Has HOA: Yes
- Amenities included: Common Grounds, Jogging Path, Picnic Area, Pool, Putting Green, Shuffleboard Court, Tennis Court(s), Other
- Services included: Common Area Maintenance, Pool(s), Road Maintenance
- HOA fee: $396 annually
- HOA name: MONTEGO BAY CIVIC ASSOCIATION
Location
- Region: Ocean City
Financial & listing details
- Price per square foot: $192/sqft
- Tax assessed value: $190,000
- Annual tax amount: $190,000
- Date on market: 11/26/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA 203(k)
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2026 | Sold | $230,000-8%$192/sqft |
Source:  Bright MLS #MDWO2035092 Report a problem | ||
| 12/8/2025 | Pending sale | $250,000$208/sqft |
Source: Bright MLS #MDWO2035092 Report a problem | ||
| 11/26/2025 | Price change | $250,000-9.1%$208/sqft |
Source: Bright MLS #MDWO2035092 Report a problem | ||
| 10/17/2025 | Price change | $275,000-8.3%$229/sqft |
Source: Bright MLS #MDWO2033538 Report a problem | ||
| 9/23/2025 | Listed for sale | $299,900$250/sqft |
Source: Bright MLS #MDWO2033538 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,943 +20.7% | $287,867 +23.3% |
| 2024 | $3,267 +29.5% | $233,433 +30.4% |
| 2023 | $2,523 +1.7% | $179,000 |
| 2022 | $2,480 +1.5% | $179,000 +3.5% |
| 2021 | $2,442 +1.8% | $172,867 +1.8% |
| 2020 | $2,399 +0.2% | $169,800 |
| 2019 | $2,395 +1.6% | $169,800 +1.7% |
| 2018 | $2,358 +0.9% | $166,933 +0.9% |
| 2017 | $2,337 -10.6% | $165,500 +0.1% |
| 2016 | $2,614 | $165,400 +0.1% |
| 2015 | $2,614 | $165,300 +0.1% |
| 2014 | $2,614 | $165,200 |
| 2013 | -- | $165,200 |
| 2012 | -- | $165,200 -24.2% |
| 2011 | -- | $217,860 |
| 2010 | -- | $217,860 |
| 2009 | -- | $217,860 -4.6% |
| 2008 | -- | $228,280 +13.7% |
| 2007 | -- | $200,732 +15.9% |
| 2006 | -- | $173,186 +18.9% |
| 2005 | -- | $145,640 +14.4% |
| 2004 | -- | $127,300 +16.8% |
| 2003 | -- | $108,960 +20.2% |
| 2002 | -- | $90,620 +0.6% |
| 2001 | -- | $90,062 |
Find assessor info on the county website
Neighborhood: North Ocean City
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Nearby schools
GreatSchools rating
- 10/10Ocean City Elementary SchoolGrades: PK-4Distance: 7 mi
- 10/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 10 mi
- 7/10Stephen Decatur High SchoolGrades: 9-12Distance: 9.7 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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$232,100
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- Maryland
- Worcester County
- Ocean City
- 21842
- North Ocean City
- 705 Gulf Stream Dr
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