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205 Somerset Street Unit B303

Ocean City, MD 21842

1 bed
2 baths
675 sqft
$777 per sqft
1987 build

New listing in VERY SOUGHT AFTER AND RARELY AVAILABLE, White Marlin Condominium and Marina. This condominium association has just finished total exterior renovation, including replacement elevators, new doors and windows in every unit, new pool, new exterior siding, new coated walkways, new railings, and new marina decking and bulkheading at a total cost of nearly $2,000,000.00. Owner has paid special assessment in full. This 3rd floor unit has gorgeous views of the Bay, pool, marina and the most spectacular sunsets from the large waterfront balcony. It features an electric powered awning and tinted windows. A large deep water deeded boat slip #21 conveys with this property which can be used by the new buyer if they have a boat or it can be rented for additional income. The slip can accommodate a a 50-60ft. boat. It comes with 1 assigned covered parking space. From this downtown location you can walk to restaurants and pubs, beach, boardwalk, inlet and all of the festivals. On your boat you can enter the inlet and be in the ocean in less than 5 minutes, or tie up at Assateague Island and enjoy a picnic while watching for wild ponies, sunbathing and swimming. There is no other location in Ocean City like this unique property with all of it's amenities situated at the southernmost tip of Ocean City just a few hundred yards from the inlet leading to the Atlantic Ocean. Don't miss this opportunity. Last year the condo generated in excess of $16000.00 gross rental income with the seller holding back some weeks for their personal use. The boat slip generated an additional $8500.00 rental income.

Listing courtesy of BRIGHT / Berkshire Hathaway HomeServices PenFed Realty - OP

Last checked: Checking… • Last updated Apr 1, 2025 •

MLS# MDWO2029792 —

The Building

Year Built:

1987
Year Built Source:

Assessor
Roof:

Metal
New Construction:

No
Construction Materials:

Concrete, Frame, Stucco, Vinyl Siding, Other
Building Name:

White Marlin
Unit Building Type:

Garden 1 - 4 Floors
Structure Type:

Unit/Flat/Apartment
Architectural Style:

Traditional
Levels:

1
Elevators:

2
Entry Floor Number:

1
Door Features:

Sliding Glass
Window Features:

Double Hung, Double Pane, Energy Efficient, Replacement, Screens
Accessibility Features:

Elevator, Level Entry - Main, No Stairs
Basement:

No
Unit Number:

B303
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt:

675
Above Grade Finished SqFt Source:

Assessor
Below Grade Finished Area Units:

Square Feet
Below Grade Unfinished Area Units:

Square Feet
Below Grade Finished SqFt Source:

Assessor
Below Grade Unfinished SqFt Source:

Assessor
Tax Total Finished SqFt:

675

Interior

Interior Features:

Bathroom - Tub Shower, Dining Area, Sprinkler System
Floors In Unit:

1
Fireplace:

No
Wall & Ceilings:

9'+ Ceilings, Dry Wall
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

675
Living Area SqFt:

675 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

Settlement

Location

Directions:

Cross Rt 50 Bridge into Ocean City, right on Philadelphia Ave, right Somerset to building on left
Latitude:

38.32936280
Longitude:

-75.08939565

The Property

Property Type:

Residential
Property Condition:

Excellent
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Exclusions:

Turtle Picture wall hanging
Zoning:

I-1
View:

Bay, Marina, Water
In City Limits:

Yes
Other Structures:

Above Grade, Below Grade
Horse:

No
Waterview:

Yes
Waterfront:

Yes
Water Oriented:

Yes
Water Access:

Yes
Distance To Water:

Feet
Distance To Body Of Water:

12
Water Body Name:

Assawoman Bay
Water Body Type:

Bay
Navigable Water:

Yes
Water Frontage In Feet:

15
Tidal Water:

Yes
Land Use Code:

U
Ground Rent Exists:

No
Riparian Rights:

Yes

Listing Agent

Contact info:

Taxes

Tax ID Number:

2410309441
Tax Year:

2024
Tax Lot:

B303
Tax Annual Amount:

$3,243
Tax Assessed Value:

$231,733
Year Assessed:

2024
County Tax:

1958.00
City/Town Tax:

1025.00
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

1
Bedrooms Main Level:

1

Baths

Total Baths:

2
Full Baths:

1
Half Baths:

1
Main Level Baths:

2.00
Main Level Full Baths:

1
Main Level Half Baths:

1

Heating & Cooling

Cooling Type:

Central A/C, Heat Pump(s)
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Heat Pump(s)
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Tankless, Electric
Water Source:

Public

Appliances

Appliances:

Built-In Microwave, Dishwasher, Disposal, Dryer, Dryer - Electric, Exhaust Fan, Icemaker, Oven/Range - Electric, Range Hood, Refrigerator, Stove, Washer, Water Heater - High-Efficiency, Water Heater - Tankless
Laundry Type:

Washer In Unit, Dryer In Unit
Washer/Dryer/Hook Up in Unit:

Yes

Schools

School District Name:

Worcester County Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

None Available
Senior Community:

No
Pool:

Yes - Community
Community Pool Features:

Fenced
HOA:

No
Condo/Coop Association:

Yes
HOA/Condo/Coop Amenities:

Boat Dock/Slip, Common Grounds, Elevator, Marina/Marina Club, Picnic Area, Pier/Dock, Pool - Outdoor, Reserved/Assigned Parking, Swimming Pool
Condo/Coop Fee:

$1,385.62
Condo/Coop Fee Frequency:

Quarterly
HOA/Condo/Coop Fee:

Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Pier/Dock Maintenance, Pool(s), Reserve Funds
Municipal Trash:

Yes
Condo/Coop Name:

White Marlin Condominium

Parking

Total Garage and Parking Spaces:

1
Garage:

Yes
Garage Features:

Covered Parking
Garage Spaces:

1.00
Type of Parking:

Parking Garage
Parking Garage - # of Spaces:

1

Extra Units

Vacation Rental:

No

Monthly cost estimate

Asking price

$525,000

Expense	Monthly cost
Mortgage	$2,811
Taxes	$270
Insurance	$144
HOA fees	$462
Utilities	$129 See report
Total	$3,816/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
3/30/25 Mar 30, 2025	Listed / Active	BRIGHT	$525,000

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This condo located in Ocean City 21842 is currently for sale for $525,000. 205 Somerset Street Unit B303 is a 675 square foot condo with 1 bed and 2 baths. This condo is in the attendance area of Ocean City Elementary School, Stephen Decatur High School, Berlin Intermediate School, and Stephen Decatur Middle School.

Listing Courtesy of: BRIGHT and Berkshire Hathaway HomeServices PenFed Realty - OP.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.