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507 Penguin Drive , Unit 53, Ocean City, MD 21842

$345,000
  • 507 Penguin Drive , Unit 53, Ocean City, MD 21842 Main Photo

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New to the Market Coming Soon
BEDS2 BATHS1 full 1 partial SQUARE FEET816 MLS#MDWO2041850
STATUSCOMING SOON PROPERTY TYPEResidential - Townhouse SCHOOLWORCESTER COUNTY PUBLIC SCHOOLS

Property Description

Professional photos coming soon! LOWEST-PRICED 2-BEDROOM WITH A DEEDED BOAT SLIP! Get ready for fun in this waterfront 2-bedroom, 1.5-bath townhome in desirable midtown Ocean City, Maryland. Fully furnished and ready to enjoy, this is the perfect beach-and-boating getaway for making memories. Boaters will love having a deeded boat slip directly off your waterfront deck. Step through the kitchen’s sliding doors onto your southern-exposure composite deck, hop on the boat, and you can be out to the bay in minutes. After a day on the water, relax on the deck with dinner or cocktails and enjoy the beautiful evening sunsets. Located in the Bay Cove community, the townhome is just steps from the community pool, making it easy to cool off, meet the neighbors, and enjoy everything that makes Ocean City summers special. Inside, you’ll find central air and heat, ample closet space, a pull-down attic for additional storage. Outside, there is a storage shed plus additional under-deck storage—perfect for beach gear, boating equipment, paddleboards, and all your summer toys. The kitchen does need some TLC following a previous dishwasher leak, giving the next owner an opportunity to update the space to their taste. A new dishwasher is included with the sale but has not yet been installed. Take the off season to make this property your dream for the 2027 summer. With a well-run association, midtown location, community pool, deeded boat slip, abundant storage, and furnishings included, this property offers tremendous potential as an Ocean City beach and boating retreat.

507 Penguin Drive , Unit 53 | MLS# MDWO2041850

This townhouse located at 507 Penguin Drive , Unit 53, Ocean City, MD 21842 is currently listed for sale with an asking price of $345,000. This property was built in 1972 and has 2 bedrooms and 1 full and 1 partial baths with 816 sq. ft. Penguin Drive , Unit 53 is located within the WORCESTER COUNTY PUBLIC SCHOOLS school district. Search Ocean City real estate on www.elainebierly.com today.

Property Features

Property Type: Residential - Townhouse
Cooling: Heat Pump(s)
Fuel Type: Electric
Heating: Heat Pump(s)
Home Style: Coastal
Stories: 2.0
Taxes: $4,748
Year Built: 1972

Feature Descriptions

Accessibility: 2+ Access Exits
Additional Structures: Above Grade, Below Grade
Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
Building Name: Bay Cove I
Community Amenities: Pier/Dock, Pool - Outdoor
Condo/Coop Fee: $4400.00/Annually
Exterior: Combination
Exterior: Outbuilding(s), Exterior Lighting
Interior: Ceiling Fan(s), Combination Kitchen/Dining
Location: Canal
Number of Rooms: 6
Parking Features: Assigned
Parking Notes: 53 Total Parking Spaces
Pet Restrictions: No Pet Restrictions
Rooms: Living Room, Kitchen, Half Bath
Sewer: Public Sewer
Special View Info: Canal
SQFT Above Finished: 816
SQFT Total Finished: 816
Structure Type: Interior Row/Townhouse
Total Garage/Parking Spaces: 53
Utilities: Cable TV Available, Electric Available
Water: Public

Local Schools

High School: STEPHEN DECATUR
Elementary School: OCEAN CITY
School District: WORCESTER COUNTY PUBLIC SCHOOLS

Listed By / Shown By

Listed By

Agency Name: Engel & Volkers Ocean City
Agency Phone: 4432926767

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Estimated Payment

$ 1,264.11 per month $767.82 Principal & Interest $395.67 Property Tax $100.63 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/08/2026. The listing information on this page last changed on 10/08/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 10/08/2026 7:09:42 AM EST) or Bright MLS (last updated Thu 10/08/2026 12:37:36 AM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Homesale Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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