501 Penguin Dr #20

Ocean City, MD 21842 View Map $360,200 Ask a Question
Mitchell David

Mitchell David

(443) 614-7048

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501 Penguin Dr #20 SOLD for $360,200 in Ocean City, MD

501 Penguin Dr #20 Ocean City MD 21842 was a townhome for sale and SOLD for $360,200. The property has 2 bedrooms, 3 bathrooms, and is 946sqft. 

Building: Crab Cove 32Nd St

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Detailed information Below:

Status: Sold
Property Type:Townhome
MLS #:MDWO121350
Sq. Feet:946
Date Sold:5/17/2021
Bring your boat, move right in, and start enjoying Ocean City's beach and bay lifestyle. This 2 bedroom, 2 1/2 bath townhome with boat slip is located in the desirable Crab Cove development (cross street at 32 nd ). This owner-managed, 30-unit development offers a salt-water, heated pool (heater being installed Spring 2021) and a private boat launch. Unit 20 has 2 assigned parking spaces and ample street parking for visitors. On the first floor of this townhome, you'll find tile floors throughout and a spacious, updated kitchen with granite counters, undermount sink, dishwasher and stainless steel double-oven range. There is seating area at the kitchen peninsula next to the eating area. There is also a large closet pantry and a half bath. The living area has a large sectional couch and an electric, decorative insert in fireplace (upper chimney removed). The living area opens with a glass sliding door (with blackout curtain) onto a private patio with storage closet, which leads directly to the canal and your boat slip. The second floor of the townhome has vinyl plank flooring in the hall and bedrooms, in addition to 2 high-end tiled bathrooms with frameless glass shower enclosures. The master bedroom with queen bed has a glass sliding door with blackout curtain that opens to a balcony overlooking the boat-slip and canal. The second bedroom is furnished with a double bed and triple bunk bed - ample room for family and friends. In the hallway, you'll find a closest with a full-size, stackable washer and dryer, in addition to a storage closet. This unit is sold furnished and has many storage options, including an exterior closet on the back patio, a spot for bicycles by the front door, a large storage area under the rear deck, and attic access. This is in addition to spacious closets in each bedroom, a hall closet on the second floor, and a pantry closet near the kitchen. Canal: Your boat won't be battered by wind or rough waters in this calm, wide canal, where you'll also find Crab Cove's private boat launch for getting all your toys in the water. Take your kayak or your motor boat around the corner into the main canal, and straight out into the bay. You can also toss your crab pot right off of your dock and catch your evening meal! Community: This is a small, friendly development, with great neighbors who are always willing to lend a hand. Typically, there are two annual meetings and at least one owner potluck by the pool each year. The home owner's association is well-managed by the owners, keeping costs low at $242 monthly. There is a true pride of ownership, with consistent and regular maintenance conducted, including repaired/updated seawalls for building 1 in 2017/2018, new parking area asphalt in 2019, new pool furniture in 2019, salt-water pool system installed in 2019, and pool heater being added in 2021. The HOA operates efficiently with a healthy reserve. Location: Less than a 1/2 mile to the beach (33 rd street crossing) and not even 3/4 of a mile to the boardwalk, it's just a short ride or walk to all the fun that OCMD has to offer. Take a morning bike ride on the boards and pick up your coffee at Java Beach or Starbucks. Take a stroll up to the beach with your gear and relax near the waves, or walk up to Barn 34 for brunch.

Detailed Maps

Community Information

Address:501 Penguin Dr #20, Ocean City, MD 21842
Area:Bayside Waterfront (84)
City:Ocean City
Zip Code:21842
Neighborhood:Bayside Waterfront (84)
Building Name:Crab Cove 32Nd St


Unit Number:#20
Bedrooms: 2
Bathrooms: 2 Full / 1 Half
Year Built:1983
Construction: Vinyl Siding

Features / Amenities

Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Dryer - Front Loading, Oven/Range - Electric, Refrigerator, Washer - Front Loading, Water Heater
Exterior Features: Secure Storage
Amenities: Boat Ramp, Boat Dock/Slip, Pier/Dock, Pool - Outdoor, Swimming Pool
Type of Parking: Parking Lot
Dock Type: Private, Single Slip
Air Conditioning: Ductless/Mini-Split
Primary Heat Type: Other, Baseboard - Electric

Property Features

Water Body Type: Canal
Waterfront: Yes
Parking Lot - # of Spaces: 2
Septic: Public Sewer
Water: Public
Municipality: Ocean City
Dock Conveyance: Assigned

Tax and Financial Info

Property Taxes: $3,007 (paid Annually)
Condo Association: Yes
Condo Fee: $242 (paid Monthly)
Fees Include: Common Area Maintenance, Pool(s), Reserve Funds, Trash, Water



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Listing Information Last Updated 4/12/2024
Listing provided courtesy of Mitchell David, Sheppard Realty Inc.