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Sold for $475,000
    • $475,000

    8800 Coastal Hwy Unit 705, Ocean City, MD 21842

    2beds
    1,225sqft
    Condominium
    Built in 1974
    -- sqft lot
    $541,400 Zestimate®
    $388/sqft
    $2,354 Estimated rent

    Home value

    $541,400

    $504,000 - $590,000

    $2,354/mo

    Zestimate® history
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    What's special

    SELLLERS PAYING THE ENTIRE 2024 CONDO FEE/ASSESSMENT (18,540.00) FOR RENOVATION OF NORTH TOWER AND POOL DECK . CONDO FEES FOR 2025 are 2,650.00 QUARTERLY AND 2026 2,400 QUARTERLY. The spacious Oceanfront 2 BR/Den condominium with 2 full baths, freshly painted and fully furnished with all modern appliances; central air conditioning and heat, newer washer and dryer, dishwasher. This condo boasts a SPECTACULAR OCEANFRONT VIEW from its large Oceanfront balcony and an Ocean View from the Master Bedroom window. Additionally, Sea Terrace 705 has a rare view for Ocean City, with a southern facing wrapped balcony. This is one of the only buildings with Ocean and Bay views from one LARGE balcony - watch the sun rise and set from the same chair! This condominium has hurricane shutters, upgraded sliding glass doors, and upgraded bathrooms with new vanities and lighting. Just steps off the elevator with nice Bay views. Great built in rental history spanning over 6 years with the same owner; grossing $25,450 (2022) & $20,650 (2023). Located in convenient mid-town, Sea Terrace is just steps to a wider stretch of Ocean City beach and Atlantic Ocean and walking distance to restaurants, shopping, grocery store, nightlife, Art League, basketball courts, playground, and dog park. Building amenities include Oceanfront heated outdoor pool with large sundeck, 3 elevators, tennis, and on site security and management. Private parking with overflow lot and plenty of free street parking. Secure beach lockers available for $100/yr. Condo fees for 2024: $4,650/quarterly (includes assessment for renovation of north tower and pool deck). Condo fees for 2025: $2,650/quarterly. Fees for 2026: $2,400/quarterly.

    Zillow last checked:

    Listing updated:

    Listed by:

    Candi Noyes 410-726-3871,

    Coldwell Banker Realty,

    Co-Listing Agent: Michael J. Noyes 410-524-1203,

    Coldwell Banker Realty

    Bought with:

    Brendan Butler, 658672

    Cummings & Co. Realtors

    Source: Bright MLS,MLS#: MDWO2018414MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Basement
    • Area: 0
    Heating
    • Heat Pump, Forced Air, Electric
    Cooling
    • Heat Pump, Central Air, Ceiling Fan(s), Electric
    Appliances
    • Included: Built-In Range, Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Cooktop, Washer/Dryer Stacked, Water Heater, Electric Water Heater
    • Laundry: Dryer In Unit, Washer In Unit, In Unit
    Features
    • Breakfast Area, Cedar Closet(s), Ceiling Fan(s), Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Open Floorplan, Kitchen Island
    • Windows: Window Treatments
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 1,225
    • Total interior livable area: 1,225 sqft
    • Finished area above ground: 1,225
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Assigned, Lighted, Paved, Off Street, Parking Lot
    • Details: Assigned Parking
    Accessibility
    • Accessibility features: Accessible Hallway(s), Doors - Swing In, Accessible Elevator Installed
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Lighting, Flood Lights, Rain Gutters, Lawn Sprinkler, Outdoor Shower, Storage
    • Pool features: Community
    • Has view: Yes
    • View description: Panoramic, Ocean, Water
    • Has water view: Yes
    • Water view: Ocean,Water
    • Waterfront features: Sandy Beach, Oceanfront, Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Public Access, Waterski/Wakeboard, Ocean
    • Frontage length: Water Frontage Ft: 200
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2410102553
    • Zoning: R-3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Coastal
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Concrete, Stucco
    Condition
    • Very Good
    • New construction: No
    • Year built: 1974

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Cable Available, Phone Available, Water Available, Sewer Available

    Community & HOA

    Community
    • Security: Fire Escape
    • Condo and coop fee: $2,650 quarterly
    • Subdivision: None Available
    HOA
    • Has HOA: No
    • Amenities included: Elevator(s), Storage, Pool, Reserved/Assigned Parking
    • Services included: Common Area Maintenance, Maintenance Structure, Insurance, Maintenance Grounds, Management, Pool(s), Reserve Funds, Taxes
    • HOA name: Sea Terrace
    Location
    • Region: Ocean City
    • Municipality: Ocean City

    Financial & listing details

    • Price per square foot: $388/sqft
    • Tax assessed value: $329,500
    • Annual tax amount: $4,645
    • Date on market: 1/14/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Inclusions: Fully Furnished
    • Exclusions: Contents Of Owners Closet
    • Ownership: Condominium

    Price history

    DateEventPrice
    9/6/2024Sold$475,000-7.8%$388/sqft
    Source: Bright MLS #MDWO2018414 Report a problem
    7/28/2024Pending sale$515,000$420/sqft
    Source: Bright MLS #MDWO2018414 Report a problem
    6/11/2024Price change$515,000-2.1%$420/sqft
    Source: Bright MLS #MDWO2018414 Report a problem
    5/22/2024Price change$526,000-2.4%$429/sqft
    Source: Bright MLS #MDWO2018414 Report a problem
    4/26/2024Price change$539,000-1.1%$440/sqft
    Source: Bright MLS #MDWO2018414 Report a problem
    3/17/2024Price change$544,9000%$445/sqft
    Source: Bright MLS #MDWO2018414 Report a problem
    1/14/2024Listed for sale$545,000$445/sqft
    Source: Bright MLS #MDWO2018414 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,866 +10.6%$428,300 +13%
    2024$5,303 +14.2%$378,900 +15%
    2023$4,645 +4%$329,500
    2022$4,466 +3.9%$329,500 +8.3%
    2021$4,298 +4.3%$304,167 +4.3%
    2020$4,119 +7%$291,500
    2019$3,851 +9.1%$291,500 +16.7%
    2018$3,529 +9.1%$249,833 +9.1%
    2017$3,233 -21.7%$229,000
    2016$4,131 $229,000
    2015$4,131 $229,000 -18%
    2014$4,131 $279,300
    2013-- $279,300
    2012-- $279,300 -18.9%
    2011-- $344,220
    2010-- $344,220
    2009-- $344,220 -3.4%
    2008-- $356,470 +12.5%
    2007-- $316,862 +14.3%
    2006-- $277,256 +16.7%
    2005-- $237,650 +21.6%
    2004-- $195,432 +27.6%
    2003-- $153,216 +38%
    2002-- $111,000 +4.1%
    2001-- $106,666
    Find assessor info on the county website

    Neighborhood: Midtown

    Nearby homes

    Nearby schools

    GreatSchools rating
    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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