Georgetown By The Sea - 745 Mooring Road Unit 403
Ocean City, MD 21842
- 2 beds
- 2 baths
- 792 sqft
- $473 per sqft
- 1973 build
Prime Location | Captivating Bay Views | Ideal Investment Opportunity Nestled in the heart of Ocean City, MD, this inviting 2-bedroom, 2-bathroom bayfront condo offers a perfect blend of tranquility and convenience. With its stunning bay views and unbeatable location, this property is ideal as a peaceful family retreat or a high-demand Airbnb rental. Whether you’re looking for a weekend getaway or a lucrative investment, this home promises endless possibilities. Property Highlights: Spectacular Bay Views: Enjoy sweeping views of the bay from your private balcony, the ideal spot for sipping your morning coffee or unwinding as the sun sets over the water. Spacious & Comfortable Living: Two generously sized bedrooms and two full bathrooms provide ample space for family and guests, with thoughtful design for easy living. Fully Furnished & Ready to Go: The condo comes fully furnished, offering a cozy, functional living space that’s perfect for both relaxing and entertaining. Successful Airbnb Rental: This property is not only a charming home but also a successful Airbnb rental! The current owners have operated it as an Airbnb from June to September, achieving 19 reservations and generating over $15,000 in revenue during that time. Whether you’re looking for a new home or an investment property, this is a fantastic opportunity to continue the Airbnb tradition and capitalize on the growing short-term rental market. Incredible Airbnb Potential: Just steps from the beach, local dining, and entertainment, this property is ideally situated to attract guests year-round, providing an excellent opportunity for passive income. Unmatched Location: Enjoy the best of Ocean City—walking distance to the beach, top-notch restaurants, boutiques, and all the fun and excitement the area has to offer. Whether you’re looking for a quiet getaway or a property that works for you financially, this condo offers both. Experience the best of bayfront living and let this charming home become your Ocean City oasis. Don’t wait—properties like this are in high demand. Schedule a tour today and make this beautiful bayfront retreat your own!
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Last updated Feb 25, 2025
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MLS# MDWO2028724 —
The Building
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Year Built:1973
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Concrete
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Building Name:Georgetown By The Sea
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Unit Building Type:Garden 1 - 4 Floors
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Structure Type:Unit/Flat/Apartment
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Architectural Style:Traditional
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Historic:No
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Levels:4
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Entry Floor Number:4
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Accessibility Features:None
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Basement:No
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Unit Number:403
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Estimated
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:792
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Above Grade Finished SqFt Source:Estimated
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Estimated
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Below Grade Unfinished SqFt Source:Estimated
Interior
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:792
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Living Area SqFt:792 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional, FHA, VA
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Possession:0-30 Days CD, 31-60 Days CD, 61-90 Days CD, Immediate
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Lease Considered:No
Location
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Directions:MD-528 N - Turn left onto 94th St; 0.4 mi Turn left onto Rusty Anchor Rd; 453 ft Turn right onto Mooring
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Latitude:38.40984000
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Longitude:-75.07187000
The Property
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Property Type:Residential
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Estimated
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Federal Flood Zone:24047C0062H
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Zoning:R-2
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In City Limits:Yes
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:Yes
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Water Oriented:Yes
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Water Access:No
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Water Body Type:Bay
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Navigable Water:No
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Water Frontage In Feet:20
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Land Use Code:U
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (240) 640-3502
- Office phone:
- (410) 730-8888
Taxes
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Tax ID Number:2410094402
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Tax Year:2024
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Tax Lot:403
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Tax Annual Amount:$3,861
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Tax Assessed Value:$275,867
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Year Assessed:2024
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County Tax:2331.00
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City/Town Tax:1220.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:2
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Bedrooms Main Level:2
Baths
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Total Baths:2
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Full Baths:2
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Main Level Baths:2.00
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Main Level Full Baths:2
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Heat Pump(s)
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Appliances
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Appliances:Disposal, Dryer - Electric, Dryer - Front Loading, Built-In Microwave, Oven/Range - Electric, Refrigerator, Washer - Front Loading, Water Heater
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Washer/Dryer/Hook Up in Unit:Yes
Schools
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School District Name:Worcester County Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:None Available
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Senior Community:No
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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HOA:No
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Condo/Coop Association:Yes
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HOA/Condo/Coop Amenities:None
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Condo/Coop Fee:$1,575
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Condo/Coop Fee Frequency:Quarterly
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HOA/Condo/Coop Fee:Common Area Maintenance
Parking
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Garage:No
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Type of Parking:Parking Lot
Extra Units
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Vacation Rental:Yes
Monthly cost estimate
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Asking price
$375,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,008
|
Taxes | $321 |
Insurance | $103 |
HOA fees | $525 |
Utilities | $138 See report |
Total | $3,095/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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2/24/25
Feb 24, 2025
|
Listed / Active | BRIGHT | $375,000 |