Newcondo
1/9
$3,939/mo
$599,0003bd·3ba·1,697sf
4500 Coastal Hwy # 407, Ocean City, MD 21842
Listing Courtesy of Whitney-Wallace Commercial
for sale
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$559,900
3beds
|2baths
|2,000sqft
|1958built
13444 Madison Ave,Ocean City, MD 21842
Est.$3,682/moCustomize payment
What's special
$280/sqft
Price per square foot
Built in 1958
68 years old
Overview
Opportunity knocks! The home is in need of some work as you will see upon entering, but it has potential for many things. Situated on an oversized corner lot with water views from three sides, this property offers room to add 2+ levels, as zoning laws allow building up to 45 feet. Zoned R-3 for multi-family and residential. Approved variances are in hand, including a variance for a second and third floor cantilever, making expansion plans even more attainable. Variance for an auxiliary dwelling unit (ADU) also in hand. If necessary, the current owner is open to a joint venture to see the proje...
Listing updated: May 1, 2026 at 7:51 AM
Listed by:
Kelly R Williams 301-325-5308, RE/MAX Realty Centre, Inc.
Source: Bright MLS · MLS #MDWO2009464
Property details
Cost estimate
Est. monthly payment
$3,280/mo
Principal & interest
$2,935Property tax
$159Home insurance (est.)
$187Down payment
$111,98020% of list price
Adjust down payment20%
0%25%50%
Based on 20% down ($111,980), 6.85% interest rate, 30-year fixed. Insurance is an estimate. Actual costs may vary.
Rates provided by Mable Loans.
Price history
| Date | Event | Price |
|---|---|---|
| Apr 30, 2026 | Price reduced | $559,900(−$5,000) |
| Aug 2, 2022 | Listed for sale | $564,900 |
Location
13444 Madison Ave, Ocean City, MD 21842
Recently sold nearby
Similar homes sold within 0.5 miles in the last 90 days.
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Sold May 22, 2026 · Listed $550K
3 bd2 ba1,462 sqft$360/sqft(+80%)
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.
