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$395,000
8 Days On Site

Bay Cove I
507 PENGUIN DRIVE 50
OCEAN CITY, MD21842

For Sale|Condominium|Active
2
Beds
2
Total Baths
1
Full Bath
1
Partial Bath
816
SqFt
$484
/SqFt
1972
Built
County:
WORCESTER
Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty-WOC
Call Now: 443.632.3000
Is this the listing for you? We can help make it yours.
443.632.3000
507 PENGUIN DRIVE 50507 PENGUIN DRIVE 50507 PENGUIN DRIVE 50507 PENGUIN DRIVE 50
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Mortgage Calculator

Monthly Payment (Est.)

$1,802
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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!

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Listing Snapshot
Price 
$395,000
Days On Site 
8 Days
Bedrooms 
2
Inside Area (SqFt) 
816 sqft
Total Baths 
2
Full Baths 
1
Partial Baths 
1
Lot Size 
N/A
Year Built 
1972
MLS® Number 
MDWO2040408
Status 
Active
Property Tax 
$4,056
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
4 days agoStatus changed to Active
a week agoListing first seen on site
General Features
Direction Faces 
South
Levels 
Two
Parking 
AssignedParking Lot
Parking Spaces 
1
Pets 
Dogs OKCats OKYes
Property Sub Type 
Condominium
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
816
SqFt Total 
816
Style 
Coastal
Water Source 
Public
Zoning 
R-2
Interior Features
Appliances 
Electric Water HeaterWasherDryer
Basement 
Crawl Space
Cooling 
Central AirElectric
Furnished 
Furnished
Heating 
ElectricCentral
Main Level Bedrooms 
2
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Exterior Features
Construction Details 
FrameVinyl Siding
Frontage 
Waterfront
Lot Features 
Waterfront
Pool Features 
Community
Waterfront 
Yes
Waterfront Features 
Canal FrontCanal Access
Community Features
Association Amenities 
Boat Dock
Association Dues 
4400
Community Features 
Pool
HOA Fee Frequency 
Annually
MLS Area 
Bayside Waterfront (84)
School District 
WORCESTER COUNTY PUBLIC SCHOOLS
Schools
School District
WORCESTER COUNTY PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty-WOC



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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