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Image 1 - 5405 Coastal Hwy Unit 316, Ocean City, Maryland, 21842 - Condo for sale

Image 2 - 5405 Coastal Hwy Unit 316, Ocean City, Maryland, 21842 - Condo for sale

Image 3 - 5405 Coastal Hwy Unit 316, Ocean City, Maryland, 21842 - Condo for sale

Image 4 - 5405 Coastal Hwy Unit 316, Ocean City, Maryland, 21842 - Condo for sale

Image 5 - 5405 Coastal Hwy Unit 316, Ocean City, Maryland, 21842 - Condo for sale

Image 6 - 5405 Coastal Hwy Unit 316, Ocean City, Maryland, 21842 - Condo for sale

Image 7 - 5405 Coastal Hwy Unit 316, Ocean City, Maryland, 21842 - Condo for sale

Image 8 - 5405 Coastal Hwy Unit 316, Ocean City, Maryland, 21842 - Condo for sale

Condo For Sale In Ocean City, Maryland

5405 Coastal Hwy Unit 316, Ocean City, Maryland, 21842

Condo For Sale In Ocean City, Maryland

condo for sale

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Listed: 05/01/24

5405 Coastal Hwy Unit 316, Ocean City, Maryland, 21842

2 Bed:

2 Bath:

1,023 Sq Ft Living Area:

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Price

$ 399,000

Price: Lower

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About This Condo

This beautifully maintained2BR, 2full BA condo is in the desirable Sunset Bay community located in mid-town OCMD. An open floor plans allows for a generously sized kitchen with breakfast bar, room for dining table, living room with gas fireplace, two large bedrooms (one ensuite) and private balcony. Sunset Bay offers an outdoor pool, fitness center, elevators, activity pier, two assigned parking spaces and a short walk to the beach. This condo was in a rental program the past 3 summers and averaged 18K/summer. Keep all for yourself or add this to your rental portfolio. Add this one to your list today!

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Original listing

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Ocean City Housing & Living

Average sale prices for condos

2 bed

Show as List Show as Graph

Month	Median Price
May 2024	$446,121 (+6.7%)
Apr 2024	$418,269 (0%)
Mar 2024	$418,269 (0%)
Feb 2024	$418,269 (0%)
Jan 2024	$418,269 (+6.6%)
Dec 2023	$392,414 (-10.8%)

In May 2024, the asking price for 2 bed condos for sale in/near Ocean City, United States averaged $446,121, an increase of 6.7% from the previous month.

Median price trends for properties for sale in Ocean City, United States as of May 2024.

Household Income

Median household income: $54,659

Number of households: 3,412

The average household income in Ocean City, MD grew from $53,288 to $54,659 in the past year. This data is an estimate based upon 3,412 households in Ocean City, MD.
The chart below presents how household income is distributed in Ocean City, MD in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Ocean City, MD compared to median property taxes around the country. The prevalent amount of property taxes in Ocean City, MD equals $3k+ , which is more than the national average.