New - 6 days on Rocket
$10,000 Closing Credit¹
#MDWO2028330, Joanie Hynes, Listing Office: EXP Realty, LLC
$10,000
closing credit¹
2 Dorchester St Unit 507 Ocean City, MD 21842
$985,000 List price
$10,000
Closing credit¹
3 beds
2 full, 1 partial
1,472 sqft
$669 / sqft
Condo
Property details
About 2 Dorchester St Unit 507
Breathtaking five star rated direct ocean, beach & boardwalk front corner condo in Belmont Towers with walkout access to the full length balcony from every bedroom plus the living room. Enjoy spectacular panoramic beach, boardwalk and ocean views through glass sliders and all new crystal clear windows from every room of this exceptional updated corner condo in Belmont Towers with strong rental history ($85,000 gross for the 2024 and 2023 season even with two owner use weeks and is nearly booked for the 2025 season through OC Beachfront Rentals with a net rental contract in place for 2025 that transfers to the new owner (OC Beachfront Rentals manages rentals, cleaning, linens and maintenance so all you have to do is collect the net rental payments if investment is your primary focus). This unit has the potential to do between $95,000 and $100,000 plus in gross rental income if desired; the current owners have preferred to use two owner weeks both of the last two years. This bright sun-lit condo and its furnishings were refreshed during 2022 through 2024; with many updates to the condo as well as its furnishings, is fully stocked in every way and has been meticulously maintained. With 3 bedrooms (5 beds including a King suite with a spa like bath that has a rainfall shower, Queen, Bunk with a full, twin and an additional twin trundle, plus an additional pull out Queen Sleeper in the living room), 2.5 baths and an open functional and spacious layout in the best location in town, this condo is sure to please every size group from smaller families to larger groups for all types of vacation, holiday or other gatherings. Watch an ocean sunrise over the beach from the balcony and end the day with sunset views over the bay. Sleep listening to the sound of waves crashing on the shore. Watch the Dorchester St fireworks, Oceans Calling or Country Calling concerts and other events, or dolphin and people watch right from the comfort of your balcony. There is a rooftop pool that is located on the 12,500-SqFt sun deck that has a putting green and picnic tables, and there is also a fitness center, sauna and more. Park your cars in the two reserved owner spaces in the gated parking garage with elevators and luggage carts available for added convenience and walk to everything including the world famous boardwalk and pier, restaurants, water sports, shopping, mini golf and more.
Highlights
Home typeCondominium
HeatingForced Air
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size1,472 sqft
Year built2007
ParkingInside Access, Secure Parking,Private,Parking Space Conveys, Parking Garage
MLS #MDWO2028522
Garage2 spaces
WaterfrontBeach
FireplaceCorner, Gas/Propane, Marble
ViewOcean, Water, Panoramic, Bay
Summary
- MLS Number: MDWO2028522
- MLS Name: BRIGHT
- Office Name: VRA Realty
- Office Phone: (484) 800-1777
- Office Email: admin@vrarealty.com
- Listing Agent: John C Williams
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/9/2025, 10:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$985,000
2 Dorchester St Unit 507
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 04, 2022 | Home Sold | $821,500 |
| Dec 31, 2019 | Home Sold | $550,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $569,300 | $7,659 |
| 2023 | $543,400 | $7,659 |
| 2022 | $543,400 | $7,678 |
| 2021 | $543,400 | $7,678 |
| 2020 | $543,400 | $7,677 |
| 2019 | $498,733 | $7,094 |
| 2018 | $454,067 | $6,414 |
| 2017 | $409,400 | $5,783 |
History based on county public records data.
Nearby schools
10
Ocean City Elementary School
Public District PK-4
1.7 mi
•12828 Center Dr
5
Berlin Intermediate School
Public District 4-6
6.8 mi
•309 Franklin Ave
9
Showell Elementary School
Public District PK-3
7.1 mi
•11318 Showell School Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $103,906. Residents of Ocean City, MD typically earn between $100k-200k each year. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
23%
<35k
23%
35k-100k
45%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
60%
Single, No Kids
8%
Single, with Kids
28%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
5%
12-17 yrs old
23%
18-34 yrs old
45%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
College Football
NASCAR
Figure Skating
Where do the neighbors shop?
Express/Express For Men
Dollar General
Stein Mart
Where do the neighbors go to eat?
Sonic
Cracker Barrel
Bob Evans
What do the neighbors drive?
Kia
Ram
Buick
What do the neighbors listen to?
New Country
Classic Country
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Ocean City, MD
About 2 Dorchester St Unit 507
This home is located at 2 Dorchester St Unit 507 in Ocean City, MD and zip code 21842. This 1,472 square foot home was built in 2007. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 7, 2025 and is currently priced at $985,000.
In January 2025 more than 10 listings in Ocean City, MD were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 37 were sold below. The number of listings in Ocean City, MD increased by 6.7% between December and January 2025. In January 2025 median list price was $458,173 and the average listing age was 60 days.
From Rocket Homes Real Estate and based on county public records data.