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$350,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 881 Sq. Ft.
  • Updated 2 days ago
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Welcome to 510 Penguin Drive, Unit 302, in Sandy Lane Estates, a refreshed and inviting 2-bedroom, 2-bath condo that places you in the heart of everything Ocean City has to offer. Perfectly situated just off 32nd Street, this location is a short stroll to the beach, Jolly Roger Amusement Park, mini golf, restaurants, nightlife, and the Ocean City Convention Center. Inside, recent updates bring a fresh, modern feel. Luxury vinyl plank flooring now flows seamlessly throughout, while the remodeled kitchen and both bathrooms offer style and comfort, ready for you and your guests. The home comes furnished, making it an easy turnkey beach retreat or investment property. Step outside to your expanded balcony, currently being renovated to nearly double its size, creating a wonderful outdoor living space with relaxing views of the community pool, side glimpses of the Bay and Canal, and breathtaking evening sunsets. Community amenities include a pool, tennis courts, and basketball, giving you even more ways to enjoy your time at the beach. This well-maintained condo is move-in ready and waiting for its next chapter. Don't miss your opportunity to experience the best of coastal living at Sandy Lane Estates in Ocean City, Maryland.

Full Property Details for 510 Penguin Dr #302

General

  • Price: $350,000
  • HOA FEE: $395/month
  • Taxes: $2,746 (2024)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2033534
  • Updated: 12/17/2025
  • Added to Site: 108 day(s) ago

Interior

  • Rooms/Areas: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen
  • Interior Features: Bathroom - Stall Shower, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Primary Bath(s), Upgraded Countertops, Window Treatments
  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring: Ceramic Tile, Luxury Vinyl Plank

Rooms

Bathrooms

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

Bedrooms

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

Other Rooms

  • Laundry: Dryer In Unit, Washer In Unit

Additional Information

  • Shared Amenities: Basketball Courts, Common Grounds, Pool - Outdoor, Tennis Courts
  • Shared Pool: Yes
  • Pool: Yes
  • Security/Safety: Main Entrance Lock, Smoke Detector

Exterior

  • Exterior Features: Sport Court, Sidewalks, Street Lights

Parking

  • Parking Type: Parking Lot

Location

  • Area: Bayside Interior (83)
  • Municipality: Ocean City
  • County: WORCESTER
  • Subdivision: SANDY LANE ESTATES
  • Building Name: Sandy Lane Estates
  • Driving Directions: From Coastal Hwy take 32nd St towards the bay. Sandy Lane Estates building 510 on the left
  • City Limits: Yes

School Information

  • School District: Worcester County Public Schools
  • High School: Stephen Decatur

Community

  • Assoc. Fees Include: Insurance, Lawn Maintenance, Management, Pool(s), Reserve Funds
  • 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

Structural Information

  • Architectural Style: Coastal, Unit/Flat
  • Structure Type: Garden 1 - 4 Floors
  • Construction: Masonry
  • Common Walls: 2+ Common Walls
  • Walls/Ceilings: Dry Wall
  • Windows: Sliding
  • Doors: Sliding Glass, Storm
  • Entry Floor Number: 3
  • Stories Description: Main
  • Square Feet: 881
  • Sq. Ft. Source: Estimated
  • Living Area: 881 Sq. Ft.
  • Finished Above Grnd: 881 Sq. Ft.
  • Year Built: 1973
  • Year Built Source: Assessor
  • Property Condition: Excellent

Lot Features

  • Property View: Garden/Lawn
  • Zoning: R-2

Financial Considerations

  • Price Per Sq. Ft.: $397.28
  • Condo Fee: $395
  • Condo Fee Freq: Monthly
  • Assessment Year: 2025
  • City/TownTax: $868
  • City/TownTax Freq: Annually
  • County Tax: $1,658
  • County Tax Freq: Annually
  • Tax w/Assessment: $252,000
  • Tax Amount: $2,746
  • Tax Year: 2024
  • Tax Total Finished Sq. Ft.: 1080

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes
  • Lot Number: 302

Listed by Northrop Realty, Phillip W Knight

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Listing agent

— 510 Penguin Dr #302 —

  • Phillip W Knight

    Northrop Realty

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 510 Penguin Dr #302

School District:Worcester County Public Schools
NameGradesDistance
Ocean City Elementary School
12828 Center Drive, Ocean City, MD 21842
PK-41.8 mi
Berlin Intermediate School
309 Franklin Avenue, Berlin, MD 21811
4-67.4 mi
Stephen Decatur Middle School, Berlin, MD
9815 Seahawk Road, Berlin, MD 21811
7-86.1 mi
Stephen Decatur High School
9913 Seahawk Road, Berlin, MD 21811
9-126.1 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 510 Penguin Dr #302 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/08/2025
Price Reduced
$350,000
-4.11%
MLS
11/10/2025
Price Reduced
$365,000
-2.67%
MLS
10/03/2025
Listed
$375,000
3.59%
MLS
11/29/2023
Sold
$362,000
—
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 510 Penguin Dr #302

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,979
—
$252,000
79%
2023
$1,979
—
$140,400
—
2021
$1,984
-1%
$140,400
—
2020
$1,997
1%
$140,400
—
2019
$1,983
—
$140,400
—
2018
$1,983
-1%
$140,400
—
2017
$1,993
—
$140,400
—
2016
$2,001
5%
$140,400
—
2015
$1,899
—
$140,400
—
2014
$1,901
—
$140,400
—
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 510 Penguin Dr #302

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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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Listed by Northrop Realty, Phillip W Knight

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510 Penguin Drive #302, Ocean City, MD 21842 (MLS# MDWO2033534) is a Condo property with 2 bedrooms and 2 full bathrooms. 510 Penguin Drive #302 is currently listed for $350,000 and was received on October 02, 2025. Want to learn more about 510 Penguin Drive #302? 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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