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5740 Wilmington Ln, Ocean City, MD, 21842

4beds
4baths
1,861sqft
$949,000
$510price/sqft
$6,342/moest. monthly cost
$253,680/yrincome needed

About This Home

Enjoy coastal living in this sought-after ocean block home in Ocean City, MD, ideally located near many of the area’s most popular dining and entertainment spots. This beautifully maintained 4-bedroom, 3.5-bath home spans three levels and offers a spacious, open-concept living and kitchen area perfect for gathering and entertaining. The ground level features a private bedroom with full bath, ideal for guests or added flexibility. Outdoor living includes two balconies with slight ocean glimpses and access to a shared pool, offering the perfect place to unwind after a day at the beach. Covered parking and a prime beach block location complete this exceptional coastal property. Offered furnished, this home is move-in ready and well-suited as a primary residence, vacation getaway, or investment opportunity.

Getting Around

50
WalkingCar-Dependent
0
TransitVery Limited Transit
53
BikeBikeable

Schools

10/10
10/10
7/10

Construction

Condition

  • Property condition: Excellent
  • Year built: 2021

Materials

  • Foundation: Pilings
  • Roof: Architectural Shingle
  • Construction materials: Stick Built

Type & Style

  • Home type: Condo
  • Architectural style: Coastal,Traditional
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Stainless Steel Appliance(s),Microwave,Refrigerator,Dishwasher,Cooktop,Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: Main

Features

  • Breakfast Area,Ceiling Fan(s),Combination Dining/Living,Combination Kitchen/Dining,Combination Kitchen/Living,Entry Level Bedroom,Open Floorplan,Kitchen Island,Upgraded Countertops,Walk-In Closet(s),9'+ Ceilings,Dry Wall
  • Door features: Sliding Glass
  • Window features: Window Treatments
  • Flooring: Luxury Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 1,861

Half Bath

  • Level: Main

Heating & Cooling

  • Heating features: Heat Pump,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,861
  • Total interior livable area: 1,861 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Accessibility

  • Accessibility features: Accessible Hallway(s)

Details

  • Parcel number: 2410074630
  • Zoning: R2
  • Special condition: Standard

Features

  • Levels: Three
  • Stories: 3
  • Pool features: Community
  • Patio & porch: Deck,Wrap Around
  • Exterior features: Rain Gutters
  • Waterfront features: Oceanblock,Ocean

Lot

  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 2
  • Parking features: Concrete,Driveway,Private,Under Home Parking,On Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Hurricane
    HurricaneRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Winter Weather
Cold Wave
Inland Flooding
Ice Storm
Strong Wind
Tsunami

FEMA Declared Disasters Across Maryland Counties

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,798$57,576
Home Insurance *$211$2,532
Property Taxes $1,052$12,624
Electricity $281$3,374
Total$6,342$76,104
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$217,440/yr
40% on housing$190,260/yr
45% on housing$169,120/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.0%
8.0%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$510This listing

vs Other Active Listings

Avg $/sqft

ZIP 21842$301
Worcester County$306

vs Homes Sold Last Month

Median $/sqft

ZIP 21842
Worcester County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-01Price change$949,000
2026-03-26Listed for sale$970,000
2023-12-15Listing removed--
2023-11-14Price change$1,095,000
2023-11-02Listed for sale$1,100,000
2023-03-11Listing removed--
2022-12-12Price change$2,500
2022-10-20Price change$2,600
2022-09-27Price change$2,800
2022-08-28Listed for rent$3,000
2022-07-15Sold$825,000
2022-06-08Contingent$894,900
2022-03-31Price change$894,900
2022-01-25Listed for sale$899,900
2021-06-07Sold$849,900
2020-07-20Sold$400,000
2013-10-31Sold$375,000

For Sale by Agent

AgentASHLEY BROSNAHAN
BrokerageLong & Foster Real Estate, Inc.

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