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    5505 Atlantic Ave, Unit 107 Ocean City, MD 21842

    For Sale
    $485,000

    Spacious, furnished 2BR/2BA condo in Midtown Ocean City, steps from beach.

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

    Overview

    Ocean City Condo Near Beach

    Located in Midtown Ocean City, this furnished condominium offers two bedrooms and two bathrooms. The property features an open-concept living and dining area that extends to a private balcony. The kitchen is equipped with stainless steel appliances, granite countertops, and cabinetry, along with an all-in-one washer/dryer combo. The primary suite includes a private bathroom, and the second bedroom provides space for family and guests. Additional features include elevator access, two assigned parking spaces, faux wood blinds, and an outdoor shower. Situated near the Ocean City Convention Center, restaurants, shopping, and entertainment venues, this condo is suitable as a full-time residence, vacation retreat, or rental investment.
    Location Intelligence

    Current Use by Public Records

    Ocean Trail Condominium Complex Gregory Poulos Photography Photography Service

    Suggested Use

    Restaurant Spa & Massage Dental Office Building Supply Law Firm Nail Salon Clothing Store Gym & Fitness Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.0662912
    Latitude
    38.3794616

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    FAQs

    What type of property is this?
    Apartment building - Spacious, furnished 2BR/2BA condo in Midtown Ocean City, steps from beach.
    Where is this apartment building located?
    The property is located at 5505 Atlantic Ave, Unit 107 Ocean City, MD.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Steps from the beach; - Completely furnished 2BR, 2BA condo; - Updated kitchen with stainless steel appliances and granite countertops
    Request Owner's contact information
    5505 Atlantic Ave, Unit 107 Ocean City, MD 21842
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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
    5505 Atlantic Ave, Unit 107 Ocean City, MD 21842
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