507 Penguin Dr #53, OCEAN CITY, MD

$345,000

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2

Beds

1½

Baths

816

Square feet

About 507 Penguin Dr #53

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.

Features of 507 Penguin Dr #53

MLS® # MDWO2041850
Price $345,000
Bedrooms 2
Bathrooms 1.50
Full Baths 1
Half Baths 1
Square Footage 816
Year Built 1972
Type Residential
Sub-Type Condominium,Interior Row/Townhouse
Style Coastal
Status Coming Soon

Community Information

Address 507 Penguin Dr #53
Area Bayside Waterfront
Subdivision NONE AVAILABLE
City OCEAN CITY
County WORCESTER-MD
State MD
Zip Code 21842

Amenities

Amenities Ceiling Fan(s), Combination Kitchen/Dining
Utilities Cable TV Available, Electric Available
Parking Spaces 1
Parking Assigned
View Canal
Is Waterfront Yes
Waterfront Canal
Has Pool Yes

Interior

Appliances Dishwasher, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
Heating Heat Pump(s)
Cooling Heat Pump(s)
Has Basement No
Fireplace No
Stories 2

Exterior

Exterior Combination
Exterior Features Outbuilding(s),Exterior Lighting
Construction Combination
Foundation Block

School Information

District WORCESTER COUNTY PUBLIC SCHOOLS
Elementary OCEAN CITY
High STEPHEN DECATUR

Additional Information

Date Listed October 7th, 2026
Zoning R-2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeEngel & Volkers Ocean City
Contact Info(443) 292-6767

Listing Map

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