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$345,000
10 Days On Site

Bay Cove I
507 PENGUIN DRIVE 53
OCEAN CITY, MD21842

For Sale|Condominium|Active
2
Beds
2
Total Baths
1
Full Bath
1
Partial Bath
816
SqFt
$423
/SqFt
1972
Built
County:
WORCESTER
Listing courtesy of Engel & Volkers Ocean City
Call Now: 443.632.3000
Is this the listing for you? We can help make it yours.
443.632.3000
507 PENGUIN DRIVE 53507 PENGUIN DRIVE 53507 PENGUIN DRIVE 53507 PENGUIN DRIVE 53
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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.

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Listing Snapshot
Price 
$345,000
Days On Site 
10 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 
MDWO2041850
Status 
Active
Property Tax 
$4,748
HOA/Condo/Coop Fees 
$366.67 monthly
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
9 hours agoListing updated with changes from the MLS®
a week agoStatus changed to Active
2 weeks agoListing first seen on site
General Features
Direction Faces 
North
Foundation 
Block
Levels 
Two
Parking 
AssignedParking Lot
Parking Spaces 
53
Pets 
Yes
Property Sub Type 
Condominium
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
816
SqFt Total 
816
Style 
Coastal
Utilities 
Cable AvailableElectricity Available
Water Source 
Public
Zoning 
R-2
Interior Features
Appliances 
Electric RangeElectric OvenElectric Water HeaterWasherDishwasherRefrigeratorWasher/Dryer StackedWater HeaterDryer
Cooling 
Heat PumpCeiling Fan(s)Electric
Furnished 
Furnished
Heating 
ElectricHeat Pump
Interior 
Ceiling Fan(s)
Half Bath 
Level - Main
Kitchen 
Level - Main
Living Room 
Level - Main
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Exterior Features
Exterior 
Lighting
Frontage 
Waterfront
Lot Features 
Waterfront
Other Structures 
Outbuilding
Pool Features 
Community
View 
WaterCanal
Waterfront 
Yes
Waterfront Features 
Canal FrontCanal Access
Waterview 
WaterCanal
Community Features
Association Amenities 
Boat DockBoat Slip
Additional Association Fee 
$4400.0
Additional Association Fee Frequency 
Annually
Community Features 
Pool
MLS Area 
Bayside Waterfront (84)
School District 
WORCESTER COUNTY PUBLIC SCHOOLS
Schools
School District
WORCESTER COUNTY PUBLIC SCHOOLS
Elementary School
OCEAN CITY
Middle School
Unknown
High School
STEPHEN DECATUR
Listing courtesy of Engel & Volkers Ocean City



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Neighborhood & Commute
Source: Walkscore
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