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$575,000

  • For Sale
  • Active
  • Townhouse
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,118 Sq. Ft.
  • Updated 9 days ago
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Bright, sunny end unit in Crab Cove!! Beautifully kept 3-bedroom, 2-1/2 bath home with a modern kitchen with window, newer cabinets and new Samsung kitchen appliances. The kitchen includes pantry storage for all the extras needed for the beach days! The living room seats 7-8 people and leads out to the covered deck overlooking the bay with fabulous sunsets!! Here is where you could take the stairs down to the boat dock. The owner's suite has a queen bed and bath with a shower along with a small balcony to sit and enjoy the ocean air!! The 2nd bedroom has a queen bed with access to the hall bath and a small balcony. Upstairs is the 3rd bedroom for guests. The dock in the back of the property can be accessed by walking around the home to the lift by Hi Tide Boat Lift or down the stairs from the deck. The Community boat slip is just next to your dock on the end. Close to restaurants, shopping and best of all Jolly Roger Amusements! Kids playground!! Sit back, relax and enjoy the best of Ocean City!!

Full Property Details for 501 Penguin Dr #1A01

General

  • Price: $575,000
  • HOA FEE: $400/month
  • Taxes: $4,639 (2025)
  • Status: Active
  • Type: Townhouse
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2039072
  • Updated: 6/14/2026
  • Added to Site: 12 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Upper Floor Baths: 2
  • Upper - Full Baths: 2
  • Main Floor Baths: 1
  • Main - 1/2 Baths: 1

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Upper: 3
  • Bedrooms-Up2: 1

Additional Information

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

Parking

  • Parking Type: Parking Lot, On Street

Location

  • Area: Worcester East of Rt-113
  • Municipality: Ocean City
  • County: WORCESTER
  • Building Name: Crab Cove 32nd St
  • Driving Directions: Route 90 Bridge to a right onto Coastal Highway (Rte 589) follow down to a right onto 32nd Street follow around to a left on Penguin, follow to 501 Penguin #1, park in spot #1 or #2.
  • City Limits: Yes

School Information

  • School District: Worcester County Public Schools

Community

  • Assoc. Fees Include: Lawn Maintenance, Trash
  • Pets Allowed: Yes
  • Pets: Dogs OK, Cats OK

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), Ductless/Mini-Split
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV, Electric Available, Sewer Available

Structural Information

  • Architectural Style: Coastal, Contemporary
  • Structure Type: End of Row/Townhouse
  • Construction: Vinyl Siding
  • Foundation: Block, Concrete Perimeter
  • Stories Description: Main, Upper 1, Upper 2
  • Square Feet: 1,118
  • Sq. Ft. Source: Assessor
  • Living Area: 1,118 Sq. Ft.
  • Finished Above Grnd: 1,118 Sq. Ft.
  • Year Built: 1983
  • Year Built Source: Assessor

Lot Features

  • Zoning: R-2

Water Features

  • Water Front: Yes
  • Navigable Water: Yes
  • Water Access: Yes
  • Water Front Type: Bay

Financial Considerations

  • Price Per Sq. Ft.: $514.31
  • Condo Fee: $400
  • Condo Fee Freq: Monthly
  • Assessment Year: 2026
  • City/TownTax: $1,499
  • City/TownTax Freq: Annually
  • County Tax: $2,761
  • County Tax Freq: Annually
  • Tax w/Assessment: $380,100
  • Tax Amount: $4,639
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 1118

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes
  • Lot Number: 1A

Listed by EXP Realty, LLC, Karen D Rollings and EXP Realty, LLC, Kathleen M Workman

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Listing agents

— 501 Penguin Dr #1A01 —

  • Karen D Rollings

    EXP Realty, LLC

  • Kathleen M Workman

    EXP Realty, LLC

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 501 Penguin Dr #1A01

School District:Worcester County Public Schools
NameGradesDistance
Ocean City Elementary School
12828 Center Drive, Ocean City, MD 21842
PK-41.8 mi
Stephen Decatur Middle School, Berlin, MD
9815 Seahawk Road, Berlin, MD 21811
7-86.2 mi
Stephen Decatur High School
9913 Seahawk Road, Berlin, MD 21811
9-126.2 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 501 Penguin Dr #1A01 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/13/2026
Price Increased
$575,000
9.52%
MLS
6/12/2026
Listed
$525,000
95.17%
MLS
10/04/2013
Sold
$269,000
—
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 501 Penguin Dr #1A01

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,609
—
$338,733
32%
2023
$3,609
—
$256,000
—
2021
$3,618
—
$256,000
—
2021
$3,617
1%
$256,000
2%
2020
$3,567
3%
$250,767
2%
2019
$3,468
2%
$245,533
2%
2018
$3,394
2%
$240,300
2%
2017
$3,338
2%
$235,100
2%
2016
$3,276
8%
$229,900
2%
2015
$3,039
—
$224,700
—
2014
$3,042
—
$224,700
—
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.

Estimate the Cost for 501 Penguin Dr #1A01

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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

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Listed by EXP Realty, LLC, Karen D Rollings and EXP Realty, LLC, Kathleen M Workman

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501 Penguin Drive #1A01, Ocean City, MD 21842 (MLS# MDWO2039072) is a Townhouse property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 501 Penguin Drive #1A01 is currently listed for $575,000 and was received on June 12, 2026. Want to learn more about 501 Penguin Drive #1A01? Do you have questions about finding other Townhouse 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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