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$399,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 1 Full Bath
  • 728 Sq. Ft.
  • Updated 1 day ago
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Supplemental Income ready to be earned for 2026! . This unit rents really well on the interior is completely redone. Bring your best offer as this is a Charming and updated Investment (or 2nd Home) condo located on 40th and Ocean Block. Private parking, walk to many attractions including OC Convention Center, Seacrets, Fagers Island and many more popular restaurants! Enjoy the beach just steps away or rent out with potential earnings of $40k+! This home is fully furnished with Central Air and LOW Condo fees with no assessments! Lower Level with Huge Porch and Ocean Breezes, convenient 1 Assigned Parking Spaces. Low maintenance & Ready for Move in or rental occupancy! This is a great Investment opportunity!

Full Property Details for 15 40th St #12

General

  • Price: $399,000
  • HOA FEE: $189/month
  • Taxes: $1,944 (2025)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2035978
  • Updated: 1/29/2026
  • Added to Site: 1 day(s) ago

Interior

  • Appliances: Built-In Microwave
  • Furnished: Yes

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Baths: 1
  • Main - Full Baths: 1

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main & Up: 2

Additional Information

  • Shared Amenities: None

Parking

  • Total Spaces: 1
  • Parking Features: Asphalt Driveway, Paved Parking, Private
  • Parking Type: Parking Lot

Location

  • Area: Ocean Block (82)
  • 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: None
  • Pets Allowed: Yes
  • Pets: No Pet Restrictions

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Dist. to Water: 1 Blocks
  • Utility Description: Cable TV Available, Phone Available

Structural Information

  • Architectural Style: Coastal
  • Structure Type: Garden 1 - 4 Floors
  • Construction: Frame, Stick Built, Vinyl Siding
  • Roof: Asphalt
  • Walls/Ceilings: Dry Wall
  • Entry Floor Number: 1
  • Stories Description: Main
  • Square Feet: 728
  • Sq. Ft. Source: Assessor
  • Living Area: 728 Sq. Ft.
  • Finished Above Grnd: 728 Sq. Ft.
  • Year Built: 1959
  • Year Built Source: Estimated
  • Property Condition: Very Good

Lot Features

  • Zoning: R-3

Water Features

  • Navigable Water: Yes
  • Water Access: Yes
  • Water Front Type: Ocean
  • Water Front Name: Atlantic Ocean

Financial Considerations

  • Price Per Sq. Ft.: $548.08
  • Condo Fee: $189
  • Condo Fee Freq: Monthly
  • Assessment Year: 2025
  • City/TownTax: $628
  • City/TownTax Freq: Annually
  • Tax w/Assessment: $141,933
  • Tax Amount: $1,944
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 15 40th St #12 —

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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 15 40th St #12

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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 15 40th St #12 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/29/2026
Listed
$399,000
239.57%
MLS
5/25/2016
Sold
$117,500
—
Public Record
Get Price Alerts and Save Property
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 15 40th St #12

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,590
—
$141,933
26%
2023
$1,590
—
$112,800
—
2021
$1,594
-1%
$112,800
—
2020
$1,605
1%
$112,800
—
2019
$1,593
-21%
$112,800
-21%
2018
$2,004
-1%
$141,900
—
2017
$2,015
—
$141,900
—
2016
$2,022
5%
$141,900
—
2015
$1,919
—
$141,900
—
2014
$1,921
—
$141,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 15 40th St #12

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

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NMLS#: 1598647

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15 40th Street #12, Ocean City, MD 21842 (MLS# MDWO2035978) is a Condo property with 2 bedrooms and 1 full bathroom. 15 40th Street #12 is currently listed for $399,000 and was received on January 29, 2026. This property is listed by Kim Dixson from our Annapolis Church Circle Office.Want to learn more about 15 40th Street #12? 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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