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$525,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 4 Beds
  • 2 Full Baths
  • 1,010 Sq. Ft.
  • Updated 3 days ago
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Completely Renovated Olympic Condo- Vintage Ocean City on Ocean Block - Located at 40th Street where all the action is! Investor Alert- Ready for Spring Season 50K Income! Rare opportunity to own 4 bedroom on Ocean Block, Beautiful and Spacious Interior with Washer & Dryer. Central Heat and A/C. Walk to Convention Center across the street , walk to other local tourist attractions! Great Potential Year Round 50k Rental Income , High Season Strong Occupancy! These units Have Strong popularity for location and Nostalgic OC Charm! People love these units! Dont miss this opportunity and there are 3 others that we have for sale if someone is looking for multiple Rentals in one location!

Full Property Details for 11 40th St #1

General

  • Price: $525,000
  • HOA FEE: $189/month
  • Taxes: $2,508 (2025)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2037916
  • Updated: 4/27/2026
  • Added to Site: 5 day(s) ago

Interior

  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Baths: 2
  • Main - Full Baths: 2

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms Main & Up: 4

Additional Information

  • Shared Amenities: Other

Parking

  • Total Spaces: 1
  • Parking Type: Parking Lot

Location

  • Area: Ocean Block (82)
  • Municipality: Ocean City
  • County: WORCESTER
  • Building Name: Olympic
  • Driving Directions: GPS is best
  • City Limits: Yes

School Information

  • School District: Worcester County Public Schools

Community

  • Assoc. Fees Include: Common Area Maintenance
  • Pets Allowed: Yes
  • Pets: Case by Case Basis

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Dist. to Water: 1 Blocks

Structural Information

  • Architectural Style: Coastal
  • Structure Type: Garden 1 - 4 Floors
  • Construction: Vinyl Siding
  • Entry Floor Number: 2
  • Stories Description: Main
  • Square Feet: 1,010
  • Sq. Ft. Source: Assessor
  • Living Area: 1,010 Sq. Ft.
  • Finished Above Grnd: 1,010 Sq. Ft.
  • Year Built: 1959
  • Year Built Source: Assessor
  • Property Condition: Good

Unit Information

  • Unit Floor in Bldg.: 2

Lot Features

  • Zoning: R-3

Water Features

  • Navigable Water: Yes
  • Water Access: Yes
  • Water Access Desc: Public Access, Public Beach
  • Water Front Type: Ocean
  • Water Front Name: Atlantic

Financial Considerations

  • Price Per Sq. Ft.: $519.8
  • Condo Fee: $189
  • Condo Fee Freq: Monthly
  • Assessment Year: 2026
  • City/TownTax: $810
  • City/TownTax Freq: Annually
  • County Tax: $1,493
  • County Tax Freq: Annually
  • Tax w/Assessment: $202,000
  • Tax Amount: $2,508
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 1010

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes
  • Lot Number: 1
Buyer's Brokerage Compensation: Contact Listing Agent
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— 11 40th St #1 —

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 11 40th St #1

School District:Worcester County Public Schools
NameGradesDistance
Ocean City Elementary School
12828 Center Drive, Ocean City, MD 21842
PK-42.4 mi
Stephen Decatur Middle School, Berlin, MD
9815 Seahawk Road, Berlin, MD 21811
7-86.8 mi
Stephen Decatur High School
9913 Seahawk Road, Berlin, MD 21811
9-126.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 11 40th St #1 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/26/2026
Listed
$525,000
244.26%
MLS
7/09/2015
Sold
$152,500
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 11 40th St #1

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,050
—
$183,133
26%
2023
$2,050
—
$145,400
—
2021
$2,055
—
$145,400
—
2021
$2,054
-1%
$145,400
—
2020
$2,068
1%
$145,400
—
2019
$2,054
-16%
$145,400
-16%
2018
$2,454
—
$173,700
—
2017
$2,466
—
$173,700
—
2016
$2,475
5%
$173,700
—
2015
$2,349
—
$173,700
—
2014
$2,352
—
$173,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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11 40th Street #1, Ocean City, MD 21842 (MLS# MDWO2037916) is a Condo property with 4 bedrooms and 2 full bathrooms. 11 40th Street #1 is currently listed for $525,000 and was received on April 26, 2026. This property is listed by Jay Dixson from our Annapolis Church Circle Office.Want to learn more about 11 40th Street #1? Do you have questions about finding other Condo real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.

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