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Est. $2,540/mo

$395,000

507 Penguin Drive #50,Ocean City, MD 21842

beds

baths

816

sqft

1972

built

Overview

Welcome to the beautiful bayfront community of Bay Cove I. This is a two bedroom affordable townhome w/ gorgeous south facing bay views, an outdoor pool, and conveys with your very own boat slip and lift! Nestled in the start of peaceful midtown OC just a few blocks from a grocer/deli, Jolly Rogers waterpark, go carts, mini golf, loads of restaraunts, Anthonys Deli, Castle in the Sand beach bar w/ live music, the start of the boardwalk for walks morning walks/bike rides, huge field for kids/dogs to play and Back Bay Adventures to rent jet skis, fishing & boat tours! Inside the home you'll enjo...

Listing updated: August 9, 2026 at 12:22 PM

Listed by:

Katie Quinn (443) 880-5022, Berkshire Hathaway HomeServices PenFed Realty-WOC

Source: Bright MLS · MLS #MDWO2040408

Property details

Your cost estimate

Est. monthly payment

$2,540/mo

Principal & interest

$2,071

Property tax

$338

Home insurance (est.)

$132

Down payment

$79,00020% of list price

Adjust down payment20%

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Based on $79,000 down (20% of list price), 6.85% interest rate, 30-year fixed. Insurance is an estimate. Actual costs may vary.

Rates provided by Mable Loans.

Personalized Mortgage Summary

Price history

Date	Event	Price
Aug 9, 2026	Listed for sale	$395,000
Jul 6, 2018	Sold	$235,000

Location

507 Penguin Drive #50, Ocean City, MD 21842

Est. monthly payment

$2,540/mo

at 20% down · $395,000 list

Tour for free, no strings attached

Ask a question (703) 349-5477

Mable Loans · Equal Housing Lender
NMLS #1949497

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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.