1 month on rocket

8500 Coastal Hwy Unit 503, Ocean City, MD, 21842

$549,950

Home List Price

$6,531*

Closing Credit

2 Bedrooms
2 Full Baths
1,020 SqFt
$539/SqFt
Condo
Schools Nearby

Location

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8500 Coastal Hwy Unit 503, Ocean City$549,950

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingHandicap Parking, Paved Parking, Private, Unassigned, Parking Lot
Year Built1976
HeatingOther
CoolingCentral Air, Ceiling Fan(s), Geothermal
WaterfrontBeach
ViewOcean, Water, Panoramic
MLS #MDWO2019482
StatusActive
(ACTIVE)

About 8500 Coastal Hwy Unit 503

Welcome to this cozy seaside condo with breathtaking views of the majestic Atlantic Ocean, and a sandy beach just steps away. There’s just something about the soothing sound of the waves and the crisp smell of salt air to make you feel refreshed and alive!! Indulge in the ultimate coastal living experience, where every day feels like a vacation. As you enter the unit you immediately see the ocean and the beach. But there’s something a little different about this one…. It feels a little larger, more spacious. This unique floor plan has an enclosed balcony, providing extra square footage and serving as a delightful extension of your living space. Large sliding windows allow natural light to flood the interior, creating a bright and airy atmosphere that feels, well…. just perfect. Freshly painted and presenting a blank canvas, this residence eagerly awaits your personal touch and creative vision. Whether you're dreaming of a complete remodel or simply looking to add your own upgrades, this property offers endless possibilities to tailor it to your unique preferences and lifestyle. There's something inherently magical about being at the Ocean – don’t let this one slip away, make it yours!! Showing Alert: Limited lobby hours - please schedule your appointment before 6:30pm. Professional pics coming soon!!

Property Details

Property Features

Property Information:

  • Architectural Style: Unit/Flat
  • Year Built: 1976
  • Stories: 1
  • Living Area: 1,020 SqFt

Listing Office:

  • Office Name: Long & Foster Real Estate, Inc.
  • Office Phone: (410) 221-8000
  • Listing Agent: Alma M Fitzgerald

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Oven, Electric Range, Ice Maker, Washer/Dryer Stacked
  • Basement: No
  • Flooring Type: Luxury Vinyl Plank, Tile/Brick
  • Interior: Entry Level Bedroom, Ceiling Fan(s), Combination Kitchen/Living, Floor Plan - Open, Pantry, Primary Bedroom - Ocean Front, Stall Shower, Tub Shower

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Beach
  • View: Ocean, Water, Panoramic
  • Exterior: Outside Shower, Sidewalks

Parking Information:

  • Parking: Handicap Parking, Paved Parking, Private, Unassigned, Parking Lot

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Central Air, Ceiling Fan(s), Geothermal

School Info

Assigned Schools Information:

  • Stephen Decatur High School, Public District Grades 9-12
  • Stephen Decatur Middle School, Public District Grades 7-8
  • Berlin Intermediate School, Public District Grades 4-6
  • Ocean City Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: Coastal Highway to 85th Street - Oceanside

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,950
  • Price Per SqFt: $539/SqFt

Tax Information:

  • Annual Amount: $3,868
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Ocean City, MD.

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Ocean City, MD

City

Med. Sold Price

$440.2K

Med. Price/SqFt

$432

Avg. Days On Market

45

# of Sold Homes

89

8500 Coastal Hwy Unit 503 vs Ocean City

38 DAYS ON ROCKET

-7 Days

$549,950

+$109.7K More

$539/SqFt

+$106 More

KEY TAKEAWAY

This property is $109.7K more than the Median Sold Price and $106/SqFt more than other homes in Ocean City, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWO2019482

Listing Office:

  • Office Name: Long & Foster Real Estate, Inc.
  • Office Phone: (410) 221-8000
  • Listing Agent: Alma M Fitzgerald

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 2:00:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,868$275,400
2020$3,867$275,400
2019$3,877$273,700
2018$3,834$272,000
2017$3,818$270,300

History based on county public records data.

Payment Calculator

$2,812

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1326983
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 4.71 miles

  • Public District Grades PK-4

Middle School

school-card-donut-1326984
8
/10

  • Stephen Decatur Middle School

  • 9815 Seahawk Rd

  • 8.40 miles

  • Public District Grades 7-8

school-card-donut-1326985
7
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 9.66 miles

  • Public District Grades 4-6

High School

school-card-donut-1326986
6
/10

  • Stephen Decatur High School

  • 9913 Seahawk Rd

  • 8.36 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,474. The majority of Ocean City, MD residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8500 Coastal Hwy Unit 503

What is the listing price of this property?

The listing price of 8500 Coastal Hwy Unit 503 property is $549,950.

What type of property is this?

The property 8500 Coastal Hwy Unit 503 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 8500 Coastal Hwy Unit 503 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 8500 Coastal Hwy Unit 503 are:
Ocean City Elementary School: GreatSchools Rating 10/10
Stephen Decatur Middle School: GreatSchools Rating 8/10
Berlin Intermediate School: GreatSchools Rating 7/10
Stephen Decatur High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,868 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 8500 Coastal Hwy Unit 503 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 8500 Coastal Hwy Unit 503 is 1,020 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8500 Coastal Hwy Unit 503 is 1976.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›8500 Coastal Hwy Unit 503

This home is located at 8500 Coastal Hwy Unit 503 in Ocean City, MD and zip code 21842. This 1,020 square foot home was built in 1976. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 20, 2024 and is currently priced at $549,950.

In March 2024, from all listings sold in Ocean City, MD there were more than 12 sold above asking price, over 61 sold below and more than 16 were sold right at the asked price. Between February 2024 and March 2024, Ocean City, MD real estate market has seen increase in the number of listings by 9.3%. While the average time on the market in March 2024 was 45 days, the median list price was $440,233.

From Rocket Homes Real Estate and based on county public records data.

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