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$345,000

Listing Price

--beds

1baths

816sqft

494sqft 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

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For Sale

New Listing

Off Market

Condo / Townhome

Home type

580.38

Price / sqft

1972

Year built

Home Details

Professional photos coming soon!nnLOWEST-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.nBoaters will love having a deeded boat slip directly off your waterfront deck. Step through the kitchens 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.nLocated 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.nInside, youll 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.nThe 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.nWith a well-run association, midtown location, community pool, deeded boat slip, abundant storage, and furnishings included, this pro

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
  • 494

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

$395,000

-- Beds

1 Baths

816 Sqft

486 Lot (sqft)

Sold 10/20/2026

$375,531

-- Beds

1 Baths

840 Sqft

0 Lot (sqft)

Sold 10/14/2026

$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

$381,275

-- Beds

1 Baths

840 Sqft

475 Lot (sqft)

Sold 09/12/2026

$487,515

-- Beds

2 Baths

924 Sqft

518 Lot (sqft)

Sold 08/14/2026

$239,507

-- Beds

1 Baths

792 Sqft

331 Lot (sqft)

Sold 08/12/2026

$223,203

-- Beds

1 Baths

770 Sqft

473 Lot (sqft)

Sold 07/08/2026

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
345,000
$
Down payment
69,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
2,070
$
HOA (Monthly)
0
$
PMI
0
$
$2,233
Your Payment
Total Monthly Payment:$2,233
Percent of Income:38%
Affordable:No

Details for 507 PENGUIN DR

Property Debt

Foreclosure Contact Details