$3,264 Closing Credit¹
#MDWO2030052, Lisa A Pannell, Listing Office: Long & Foster Real Estate, Inc.
$380,000 List price
507 Penguin Dr Unit 49 Ocean City, MD 21842
$4,513
Closing credit¹
2 beds
1 full, 1 partial
816 sqft
$466 / sqft
Townhouse
Property details
About 507 Penguin Dr Unit 49
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
Highlights
Home typeTownhouse
HeatingHeat Pump
StatusActive
(ACTIVE)
(ACTIVE)
CoolingHeat Pump, Central Air
Size816 sqft
Year built1972
ParkingAssigned, Off Street
MLS #MDWO2028622
Virtual tour
Summary
- MLS Number: MDWO2028622
- MLS Name: BRIGHT
- Office Name: Engel & Volkers Ocean City
- Office Phone: (443) 292-6767
- Listing Agent: Mary E Rice
- Agent Phone: (410) 726-4984
- Agent Email: mary.rice@evrealestate.com
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: 4/21/2025, 3:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$380,000
507 Penguin Dr Unit 49
$4,513
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 23, 2012 | Home Sold | $195,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $235,400 | $2,679 |
| 2023 | $190,100 | $2,679 |
| 2022 | $190,100 | $2,686 |
| 2021 | $190,100 | $2,686 |
| 2020 | $190,100 | $2,685 |
| 2019 | $190,100 | $2,704 |
| 2018 | $190,100 | $2,685 |
| 2017 | $205,600 | $2,904 |
History based on county public records data.
Nearby schools
10
Ocean City Elementary School
Public District PK-4
1.7 mi
•12828 Center Dr
9
Showell Elementary School
Public District PK-3
6.3 mi
•11318 Showell School Rd
8
Berlin Intermediate School
Public District 4-6
7.4 mi
•309 Franklin Ave
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 $55,076. Most Ocean City, MD residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
33%
<35k
38%
35k-100k
20%
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?
59%
Single, No Kids
7%
Single, with Kids
28%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
3%
12-17 yrs old
22%
18-34 yrs old
46%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
PGA/LPGA
Where do the neighbors shop?
Kmart
Family Dollar
Stein Mart
Where do the neighbors go to eat?
Bob Evans
Dominos Pizza
Sonic
What do the neighbors drive?
Buick
Ford
Lincoln
What do the neighbors listen to?
Oldies
New Country
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Ocean City, MD
About 507 Penguin Dr Unit 49
This home is located at 507 Penguin Dr Unit 49 in Ocean City, MD and zip code 21842. This 816 square foot home was built in 1972. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 11, 2025 and is currently priced at $380,000.
Ocean City, MD housing market in March 2025 saw over 5 listings sold above listed price, more than 18 sold at listed price and over 30 sold below. Between February and March 2025, Ocean City, MD real estate market has seen increase in the number of listings by 32%. The median list price of listings available in March 2025 was $490,000, while the average time on the real estate market was 56 days.
From Rocket Homes Real Estate and based on county public records data.