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$395,000

Listing Price

--beds

1baths

816sqft

486sqft lot

507 Penguin Dr, Ocean City, MD 21842

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

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For Sale

Off Market

Condo / Townhome

Home type

484.07

Price / sqft

1972

Year built

Home Details

Welcome to the beautiful bayfront community of Bay Cove I. This is a two bedroom affordable townhome w/ gorgeous south facing bay views, an outdoor pool, and conveys with your very own boat slip and lift! Nestled in the start of peaceful midtown OC just a few blocks from a grocer/deli, Jolly Rogers waterpark, go carts, mini golf, loads of restaraunts, Anthonys Deli, Castle in the Sand beach bar w/ live music, the start of the boardwalk for walks morning walks/bike rides, huge field for kids/dogs to play and Back Bay Adventures to rent jet skis, fishing & boat tours! Inside the home you'll enjoy a fully furnished and equipped turn key home including perks like; central heat/air, vinyl wood floors, custom kitchen cabinetry, granite countertops, SS appliances (fridge/dishwasher/garbage disposal all new!), washer/dryer, two door coded storage closets, convenient half bath on first floor and a nicely updated full bathroom on second with tile showers and updated fixtures. You even have a pull down attic for even more storage, so rare! Walk outside and soak up the sun on your composite deck & furniture. There is also an exterior shed and storage for all your water toys under your deck. Make friends with your fellow boaters, cool off in the pool, kickback relax and enjoy the sunsets w/ your evening dinner or cocktails and come see how inviting this street/overall location really is!

Interior Details

Square Feet
  • 816

Bedrooms
  • N/A

Bathrooms
  • 1

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Electric

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Electric

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 486

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • N/A

Style
  • Condo/apartment

Exterior
  • N/A

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2021

$2,685

$95,000

$95,100

--%

$190,100

2020

$2,704

$95,000

$95,100

--%

$190,100

2019

$2,685

$95,000

$95,100

--%

$190,100

2018

$2,904

$102,800

$102,800

--%

$205,600

2017

$2,718

$0

$0

--%

$191,467

2015

$2,207

$81,600

$81,600

--%

$163,200

2014

$2,209

$0

$0

--%

$163,200

2012

$2,187

$0

$0

--%

$163,200

percent-home-icon

Average Home Price in 21842

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$259,900

-- Beds

1 Baths

792 Sqft

345 Lot (sqft)

Sold 10/07/2026

$302,210

-- Beds

1 Baths

770 Sqft

0 Lot (sqft)

Sold 10/07/2026

$289,900

-- Beds

1 Baths

792 Sqft

345 Lot (sqft)

Sold 10/07/2026

$368,336

-- Beds

1 Baths

792 Sqft

325 Lot (sqft)

Sold 09/30/2026

$381,275

-- Beds

1 Baths

840 Sqft

475 Lot (sqft)

Sold 09/12/2026

$239,507

-- Beds

1 Baths

792 Sqft

331 Lot (sqft)

Sold 08/12/2026

$225,477

-- Beds

1 Baths

925 Sqft

7,420 Lot (sqft)

Sold 07/31/2026

$223,203

-- Beds

1 Baths

770 Sqft

473 Lot (sqft)

Sold 07/08/2026

$400,259

-- Beds

1 Baths

840 Sqft

466 Lot (sqft)

Sold 07/01/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
395,000
$
Down payment
79,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
2,370
$
HOA (Monthly)
0
$
PMI
0
$
$2,557
Your Payment
Total Monthly Payment:$2,557
Percent of Income:44%
Affordable:No

Details for 507 PENGUIN DR

Property Debt

Foreclosure Contact Details