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$205,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 304 Sq. Ft.
  • Updated 7 days ago
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This is an amazing one-bedroom unit in the heart of downtown that won't disappoint. If you're looking for your next hideaway in ocean city to vacation or you're looking for a powerhouse income producing unit, you have arrived. Walking distance to the beach, boardwalk and all local attractions; this home is central to everything. Over the last two years this unit has grossed (on average) $22,000 each summer and can produce even more if operated during the winter as an off-season rental. Recently updated with new furniture, paint and staging, this gem can comfortably sleep 5 adults. The home has a full kitchen, a large shower and a recently updated exterior space. Stairs and deck have been rebuilt using Trex decking and provide a quiet private space to rest once you have walked off the beach. There is nothing on the market at this price that can compare.

Full Property Details for 205 5th St #41

General

  • Price: $205,000
  • HOA FEE: $176/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $1,621 (2025)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2039074
  • Updated: 6/20/2026
  • Added to Site: 17 day(s) ago

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 1
  • Bedrooms Main & Up: 1

Additional Information

  • Shared Amenities: Swimming Pool, Pool - Outdoor
  • Shared Pool: Yes
  • Pool: Yes

Parking

  • Total Spaces: 1
  • Parking Type: Off Site

Location

  • Area: Ocean Block (82)
  • Municipality: Ocean City
  • County: WORCESTER
  • Building Name: Parrot Bay
  • Driving Directions: Turn right off coastal highway onto 5th street, go one half block and the parking lot is located on your left. Once parked, go under the pink flowers and up the stairs to unit 41
  • City Limits: Yes

School Information

  • School District: Worcester County Public Schools

Community

  • Assoc. Fees Include: Reserve Funds, Insurance, Common Area Maintenance, Cable TV
  • Pets Allowed: Yes
  • Pets: No Pet Restrictions

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: No Septic System, Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Bungalow
  • Structure Type: Garden 1 - 4 Floors
  • Construction: Combination
  • Entry Floor Number: 2
  • Stories Description: Main
  • Square Feet: 304
  • Sq. Ft. Source: Assessor
  • Living Area: 304 Sq. Ft.
  • Finished Above Grnd: 304 Sq. Ft.
  • Year Built: 1940
  • Year Built Source: Assessor

Lot Features

  • Zoning: R2

Financial Considerations

  • Price Per Sq. Ft.: $674.34
  • Condo Fee: $527
  • Condo Fee Freq: Quarterly
  • Assessment Year: 2026
  • City/TownTax: $523
  • City/TownTax Freq: Annually
  • County Tax: $964
  • County Tax Freq: Annually
  • Tax w/Assessment: $130,700
  • Tax Amount: $1,621
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 304

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes
  • Lot Number: 41

Listed by Corner House Realty, Ryan W Eby

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Listing agent

— 205 5th St #41 —

  • Ryan W Eby

    Corner House Realty

Listing Office Email: aj@cornerhouserealty.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 205 5th St #41

School District:Worcester County Public Schools
NameGradesDistance
Ocean City Elementary School
12828 Center Drive, Ocean City, MD 21842
PK-41.4 mi
Stephen Decatur Middle School, Berlin, MD
9815 Seahawk Road, Berlin, MD 21811
7-85.7 mi
Stephen Decatur High School
9913 Seahawk Road, Berlin, MD 21811
9-125.7 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 205 5th St #41 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/11/2026
Listed
$205,000
20.59%
MLS
6/07/2024
Sold
$170,000
—
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 205 5th St #41

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,616
23%
$118,333
12%
2023
$1,319
—
$105,967
13%
2023
$1,319
—
$93,600
—
2021
$1,323
—
$93,600
—
2021
$1,322
12%
$93,600
13%
2020
$1,182
15%
$83,067
15%
2019
$1,025
17%
$72,533
17%
2018
$876
—
$62,000
—
2017
$880
—
$62,000
—
2016
$884
2%
$62,000
-3%
2015
$866
—
$64,000
—
2014
$867
—
$64,000
—
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.

Estimate the Cost for 205 5th St #41

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Corner House Realty, Ryan W Eby

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205 5th Street #41, Ocean City, MD 21842 (MLS# MDWO2039074) is a Condo property with 1 bedroom and 1 full bathroom. 205 5th Street #41 is currently listed for $205,000 and was received on June 11, 2026. Want to learn more about 205 5th Street #41? 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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