Property
Ocean City, MD 21842 507 Penguin Drive # 49
$380,000
27 more
Presented By: Engel & Volkers Ocean City
Beds • 2
Full/Half Baths • 1 / 1
SQFT • 816
Home Details
ADJUSTED PRICE - ready for your summer boat fun!
LOWEST PRICED 2 BEDROOM with DEEDED BOAT DOCK AND LIFT on MARKET.
This waterfront 2 bedroom 1 and 1/2 bath townhouse in mid-town Ocean City Maryland with a deed boat slip and lift, is perfect for summer fun with friends and family. Foam insulation in crawl space, central a/c and heat, well run association and mid town location. WHY WAIT! Fully Furnished and ready for boat
The fully furnished beach house is ready for making memories. Bay Cove has a community pool and is just across the street from your townhome, adds to the appeal of this beach house. The townhome has ample closet space, pull down stairs to attic (floored) for more storage, and an outside storage for beach equipment or boat works.
Walk out the sliding door from your kitchen onto your southern exposure deck with steps to jump on your boat and be out to the bay in a minute.
Make an appointment soon to tour this mid-town Ocean City property
Presented By: Engel & Volkers Ocean City
Interior Features for 507 Penguin Drive # 49
Bedrooms
Bedrooms Count All Upper Levels2
Bedrooms Count Upper Level 12
Total Bedrooms2
Bathrooms
Bathrooms Half Main Level1
Bathrooms Full Upper Level 11
Bathrooms Full All Upper Levels1
Bathrooms Count Upper Level 11.00
Bathrooms Count All Upper Levels1
Half Baths1
Total Baths2
Other Interior Features
LivingAreaSourceAssessor
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area816
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Below Grade Finished Area0
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Interior AmenitiesCarpet, Ceiling Fan(s), Combination Kitchen/Dining
Laundry TypeWasher In Unit, Dryer In Unit
General for 507 Penguin Drive # 49
Acceptable FinancingConventional, Bank Portfolio, Cash
Accessibility2+ Access Exits
AppliancesDisposal, Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater - High-Efficiency
Architectural StyleOther
Association AmenitiesPool - Outdoor
Association Fee IncludesCommon Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Pool(s), Insurance, Reserve Funds
AssociationName2BAY COVE 1
Bathrooms Count Main Level1.00
Body of Waterassawoman Bay
Building NameBay Cove I
CityOCEAN CITY
Community Pool FeaturesFenced
Condo/Coop Association Y/NYes
Construction MaterialsMixed
Cool FuelElectric
CoolingHeat Pump(s), Central A/C
CountyWORCESTER
DirectionsGPS to address
DisclosuresProp Disclaimer, Prop Disclosure, Subject to Condo/HOA Docs
Exclusionsvacume cleaner
Full Baths1
Garage Y/NNo
HOANo
HOA Fee 24226.00
HOA Fee 2 FrequencyAnnually
HeatingHeat Pump(s)
Historic Y/NNo
Legal SubdivisionBAY COVE CONDO PRCL D-3
Levels2
Location TypeCanal
MLS AreaBayside Waterfront (84)
ModificationTimestamp2025-05-06T00:25:29
MunicipalityOcean City
New ConstructionNo
Other StructuresAbove Grade, Below Grade
OwnershipCondominium
Patio/Porch FeaturesDeck(s)
PossessionCoin w/Sell Sett
Price Per Sq Ft Total AG465.69
Property TypeResidential
School DistrictWORCESTER COUNTY PUBLIC SCHOOLS
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Subdivision NameNONE AVAILABLE
Tax Annual Amount3295.0
Tax Assessed Value235400.0
Tax Lot49
Tax Year2024
Total SQFT816
Unit Number49
UtilitiesCable TV
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NYes
Waterfront FeaturesPrivate Dock Site
Waterfront Y/NYes
Year Built1972
Year Built SourceAssessor
ZoningR-2
Exterior for 507 Penguin Drive # 49
# of Assigned Spaces2
Dock Type and FeaturesHoist/Lift Electric
Dock/Slip Conveys YNYes
Exterior AmenitiesAwning(s), Exterior Lighting, Secure Storage
Foundation DetailsBlock
Land Assessed Value0.00
Land Use CodeU
Lot Dimensions0.00 x 0.00
LotDimensionsSourceAssessor
Navigable Water Y/NYes
Number of Docks1
Number of Slips1
Off Street - # of Spaces1
Other EquipmentSome
Parking FeaturesAssigned
PoolYes - Community
Total Parking Spaces1
Type of ParkingOff Street
Water Access FeaturesBoat - Powered
Water Body TypeCanal
Water Oriented Y/NYes
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Schools
Middle School
N/A
Elementary School
Ocean City Elementary School
High School
N/A
YOLANDA CASSIDY-BOGAN
Associate