$ 345,000
-
$345,000
Price -
2
Bed -
2
Bath -
816
SqFt
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About the Listing GRYN2 - 3292774
Open House Saturday 10/24/2026 10am-12:30pm. This property is a boater dream as deed dock within minutes to the inlet or a short term rental being close to Jolly Rogers and the beach. 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.
Listing Highlights for 507 Penguin Dr Unit 53
Status
Active
Days on Site
35
Property Type
Condo
MLS ®
MDWO2041850
Year Built
1972
Total Square Footage
816
County
Worcester
Building Name
Bay Cove I
Neighborhood
Hitchens & Trimper
HOA Dues
4400/Annually
School District
Worcester County Public Schools
Elementary School
Ocean City
High School
Stephen Decatur
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full / 1 Half
- Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
- Air Cond: Heat Pump(s)
- Heating: Heat Pump(s)
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 816
- Basement:
- Other: Ceiling Fan(s),Combination Kitchen/Dining,No Pet Restrictions,Pets Allowed
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,Waterfront,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 53
- Zoning: R-2
- Roof:
- Others: Outbuilding(s),Exterior Lighting,Average,Pier/Dock,Pool - Outdoor,Water,Trash,Reserve Funds,Pool(s),Pier/Dock Maintenance,Snow Removal,Lawn Maintenance,Management
- Sewer: Public Sewer
- Parking Features: Assigned,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $4,748
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
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Listing Location
Questions About..
507 Penguin Dr Unit 53 Ocean City, MD 21842
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