505 Penguin Drive #Unit 8, Ocean City, MD 21842-6138 $474,900

Beds/Baths: 2/1.1
Interior Sq. Ft: 1,033
Acreage:
Age:43 years
Style:
Side-by-Side
MLS#: MDWO2023568
Subdivision: Mallard Landing
Design/Type:
Interior Row/Townhouse

Description

This meticulously maintained two-story waterfront townhome offers the ultimate coastal living experience with direct canal access and a 7,000lb boat lift. This beautifully remodeled 2BR unit features tasteful coastal décor and paint colors, creating a bright and airy ambiance that complements its serene surroundings. Enjoy the privacy of a townhome with no shared walls above or below, offering a quiet and peaceful retreat. Fully furnished with only a few exclusions, this home is truly turn-key, allowing you to move in and start enjoying the waterfront lifestyle right away. The updates include newer cabinetry, countertops, and appliances in the kitchen, composite decking on both the first and second-floor outdoor spaces, offering durability and low maintenance for years to come. The spacious outdoor living areas are perfect for dining, entertaining, or simply relaxing by the water. This townhome is part of a self-managed association with reasonable condo fees, ensuring that the property remains well-maintained and offering peace of mind for homeowners. The association owns the grassy lot across from the building, which is available for owners to park trailers and other items. You love this location, situated just a short distance to the beach, and offers easy access to the area's best amusements and great dining options. Whether you're looking to relax by the shore, explore local attractions, or enjoy a night out, this location is convenient to it all. Don't miss out on this opportunity to own an immaculate waterfront home with excellent boating access, modern conveniences, and plenty of outdoor space. Contact us today for a private tour and see why this townhome truly feels like home!

Taxes: $2,912
Home Assoc: No
Condo Assoc: $285/Monthly
Garage: N
Basement: N
Pool: No Pool
School Dist: Worcester County Public Schools
High School: Stephen Decatur

Features

Water
Water Oriented: Yes; Water Front: Yes; Water Access: Yes; Water Body Type: Canal; Waterfront: Private Dock Site; Types of Use: Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Boat - Powered; # of Docks: 1; Dock Type: Pier (Perpendicular), Private, Single Slip, Hoist/Lift Electric; # of Slips: 1; Navigable: Yes; Physical Dock/Slip Conveys: Yes; Dock/Slip Conveyance: Assigned;

Utilities
Heat Pump(s), Electric, Ceiling Fan(s), Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer, 220 Volts, Main Floor Laundry

Garage/Parking
Off Street, On Street, Paved Parking

Interior
Carpet, Ceiling Fan(s), Combination Dining/Living, Floor Plan - Open, Primary Bedroom - Bay Front, Carpet Flooring, Ceramic Tile Flooring, Accessibility - Level Entry - Main

Exterior
Crawl Space Foundation, Asphalt Roof, Brick Exterior, Frame Exterior, Stick Built Exterior, Vinyl Siding, Balconies- Multiple

Lot
Additional Lot(s), Canal, Bay View, Canal View, Water View

Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address. Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.

Public Elementary (1 schools)

School District Grades Place Distance
Ocean City Elementary Worcester County Public Schools Preschool–4 Ocean City 1.76 mi

Private (1 schools)

School Grades Place Distance
Seaside Christian Academy Christian (no specific denomination) Preschool–12 Ocean City 2.06 mi

© 2024 LiveBy. All Rights Reserved.

This report is a detailed community overview for Ocean City (21842), Maryland.

Community Quick Facts

  • Average travel time to work for people in this community: 21
  • Average salary of people in this community: $46,876

Community Summary

  • Population Density (ppl / mile): 683
  • Household Size (ppl): 2.04
  • Households w/ Children: 22%

Housing Inventory

  • Owned: 3,625 (11.1%)
  • Rented: 1,559 (4.8%)
  • Vacant: 27,482 (84.1%)
  • Total: 32,666

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Total: 10,655
Households: 5,184
Median Age: 52.40

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature

Education

Highest Level of Education Attained

  • Less than 9th Grade: 2.8%
  • Some High School: 5.5%
  • High School Graduate: 28.9%
  • Some College: 22.0%
  • Associate Degree: 8.5%
  • Bachelor's Degree: 21.3%
  • Graduate Degree: 10.9%

Income by dollar range

Median Income: $55,064

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

  • Studio: $713
  • One Bedroom: $830
  • Two Bedroom: $1,105
  • Three Bedroom: $1,412
  • Four Bedroom: $3,501

© 2024 LiveBy. All Rights Reserved.

Contact Information

Listing Courtesy of: Coldwell Banker Realty , (410) 524-6111, lmauk@cbmove.com

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 9/20/2024.

505 Penguin Drive #Unit 8, Ocean City, MD 21842-6138

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Broker Compensation

An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.