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    9203 Rusty Anchor Rd, Unit A5 Ocean City, MD 21842

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    For Sale
    $435,000

    Furnished three-bedroom condo with bay views and community amenities.

    Building Details

    Year built
    1975

    Source: Berkshire Hathaway HomeServices PenFed Realty-WOC Agent Katie Quinn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Condo in Little Salisbury

    This waterfront three-bedroom, two-bath condo is located in the Little Salisbury neighborhood. The unit is situated on the top floor as an end unit. It comes fully furnished and features updated kitchen appliances and remodeled bathrooms. The HVAC system is approximately 6 or 7 years old. Bay views are visible from the condo. The association owns a dock for bay access, suitable for kayaks and SUPs. Boat slips are available for rent on a weekly basis. The association is active and well-run, with no pending assessments. Bulkheads were replaced in 2019, and all decking and overlay were replaced in 2024. The property is located just off 94th Street, providing access to tennis courts, a playground, a dog park, the Center of Arts building, restaurants, and a public boat ramp. The property has been used as a short term rental with seasonal rent ranging from $22,000 to $32,000 depending on owner use. This property is suitable for short term rental, multifamily or residential income purposes.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Nail Salon Pharmacy Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.0671762
    Latitude
    38.4096681

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    FAQs

    What type of property is this?
    Short term rental property - Furnished three-bedroom condo with bay views and community amenities.
    Where is this short term rental property located?
    The property is located at 9203 Rusty Anchor Rd, Unit A5 Ocean City, MD.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: - Waterfront top floor end unit with **outstanding bay views**; - Access to association-owned dock for bay access; boat slips available for rent; - **Fully furnished** with updated kitchen appliances and fully remodeled bathrooms
    (443) 880-5022
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9203 Rusty Anchor Rd, Unit A5 Ocean City, MD 21842
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