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$525,000

  • Sold
  • Closed
  • Apartment
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Prime Investment Opportunity - 7-Unit Multifamily Property in Downtown Ocean City. This apartment building contains 4 - efficiency units, 2 - one bedroom units , and 1 - three bedroom unit. Zoned LC-1 (Local Commercial District), the property allows for a variety of residential and commercial uses.

Full Property Details for 707 Wilmington Ln

General

  • Sold For: $525,000
  • Taxes: $6,491 (2024)
  • Status: Closed
  • Type: Apartment
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2032066
  • Added to Site: 172 day(s) ago

Business

  • Business Type: Apartment Building

Parking

  • Total Spaces: 4
  • Parking Type: On Street, Driveway

Location

  • Area: Ocean Block (82)
  • Municipality: Ocean City
  • County: Worcester
  • Driving Directions: Property is behind (east) of Pickles Pub between 7th and 8th street.
  • City Limits: Yes

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Dist. to Water: 100 Feet

Structural Information

  • Construction: Block, Stick Built
  • Stories/Levels: 0
  • Year Built: 1930
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,586
  • Lot Size Source: Assessor
  • Lot Dimensions: 0.00 x 0.00
  • Zoning: LC-1

Water Features

  • Water Front Type: Ocean
  • Water Front Name: ATLANTIC OCEAN

Financial Considerations

  • Price Per Sq. Ft.: $101.55
  • Assessment Year: 2025
  • City/TownTax: $2,052
  • City/TownTax Freq: Annually
  • County Tax: $3,919
  • County Tax Freq: Annually
  • Tax w/Assessment: $504,033
  • Tax Amount: $6,491
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 2

Listed by Long & Foster Real Estate, Inc., Nicholas Preziosi
Sold by Coldwell Banker/Bud Church Rea, Ken Church

Listing agent

— 707 Wilmington Ln —

  • Nicholas Preziosi

    Long & Foster Real Estate, Inc.

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 707 Wilmington Ln

School District:Worcester County Public Schools
NameGradesDistance
Ocean City Elementary School
12828 Center Drive, Ocean City, MD 21842
PK-41.4 mi
Berlin Intermediate School
309 Franklin Avenue, Berlin, MD 21811
4-67 mi
Stephen Decatur Middle School, Berlin, MD
9815 Seahawk Road, Berlin, MD 21811
7-85.8 mi
Stephen Decatur High School
9913 Seahawk Road, Berlin, MD 21811
9-125.8 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 707 Wilmington Ln

Date
Details
Price
Change
Source
9/15/2025
Sold
$525,000
-37.13%
MLS
8/18/2025
Price Reduced
$835,000
-30.42%
MLS
7/24/2025
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Long & Foster Real Estate, Inc., Nicholas Preziosi
Sold by Coldwell Banker/Bud Church Rea, Ken Church

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Price Reduced near 707 Wilmington Ln

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3 Birdnest Dr, Ocean Pines, MD 21811 - Photo 1 Price Reduced
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3 Birdnest Dr  Ocean Pines, MD 21811

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Recent Sales near 707 Wilmington Ln

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Listed by Coastal Life Realty Group LLC, Nicholas Bobenko
Sold by Shawn Kotwica

707 Wilmington Lane, Ocean City, MD 21842 (MLS# MDWO2032066) is a Apartment property that was sold at $525,000 on September 15, 2025. Want to learn more about 707 Wilmington Lane? Do you have questions about finding other Apartment 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.