304 15th St, Ocean City, MD, 21842
About This Home
Rare opportunity to own a direct bayside waterfront 2-unit property in Downtown Ocean City, just blocks from the beach, boardwalk, dining, and attractions. The property features two separate units: a 3BR/3BA first-floor unit and a 2BR/1BA second-floor unit, offering flexibility for multi-generational living, extended family use, personal enjoyment, or rental income. There may also be potential for additional living space or rental income through the detached garage, pending zoning and other applicable approvals. Both units feature remodeled kitchens with granite countertops, custom cabinetry, tile backsplashes, and separate washers and dryers. Enjoy beautiful canal and bay views from the sunroom, balcony, and large waterfront composite deck. Additional highlights include 2 private boat slips, outdoor space for entertaining, and a detached garage for storage of all your beach and boating gear. With approximately $110,000 in annual rental income over the past two years, this is a rare waterfront opportunity with exceptional versatility.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Very Good
- Year built: 1956
Materials
- Foundation: Block,Crawl Space
- Roof: Architectural Shingle
- Construction materials: Block,Stick Built,Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Refrigerator,Cooktop,Microwave,Washer,Dryer,Water Heater
- Laundry features: Upper Level,Lower Level
Basement
- Area: 0
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 3
- Main level bedrooms: 3
Features
- Entry Level Bedroom,Dining Area,2nd Kitchen,Ceiling Fan(s),Other,Attic,Chair Railings,Crown Molding,Kitchen - Table Space,Pantry,Recessed Lighting,Upgraded Countertops,Dry Wall,Wood Walls
- Window features: Window Treatments
- Flooring: Ceramic Tile,Carpet,Hardwood,Luxury Vinyl
- Finished area below ground: 0
- Finished area above ground: 2,532
Heating & Cooling
- Heating features: Heat Pump,Electric
- Cooling features: Central Air,Wall Unit(s),Electric
Interior Area
- Total structure area: 2,532
- Total interior livable area: 2,532 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 2410041074
- Zoning: R-2
- Special condition: Standard
- Exclusions: Personal Items,Marked Wall Photos And Decor,Personal Photos,Garage Items
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Deck,Enclosed,Porch,Screened
- Exterior features: Rain Gutters,Storage,Barbecue,Lighting,Flood Lights,Balcony
- Fencing: Full,Vinyl
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- On waterfront: Yes
- Waterfront features: Private Dock Site,Canal,Boat - Powered,Canoe/Kayak,Fishing Allowed,Private Access
- Frontage length: Water Frontage Ft: 50
Lot
- Lot size: 5,500 sqft
- Features: Bulkheaded,Other,Fishing Available
- Lot size dimensions: 0.00 x 0.00
Parking
- Total spaces: 4
- Parking features: Storage,Garage Faces Side,Private,Concrete,Driveway,Detached,Off Street,On Street
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Has uncovered spaces: Yes
- Uncovered spaces: 3
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
- Hurricane
- Winter Weather
- Cold Wave
- Inland Flooding
- Ice Storm
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maryland Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,067 | $72,804 |
| Home Insurance * | $211 | $2,532 |
| Property Taxes | $1,364 | $16,368 |
| Electricity | $322 | $3,871 |
| Total | $7,964 | $95,568 |
Income You'd Need if You Spent...
Maryland FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-15 | Price change | $1,199,900 |
| 2026-04-08 | Price change | $1,249,900 |
| 2026-03-26 | Price change | $1,299,900 |
| 2026-03-19 | Listed for sale | $1,350,000 |
| 2023-03-23 | Sold | $812,500 |
| 2023-02-19 | Pending sale | $825,000 |
| 2023-02-17 | Listed for sale | $825,000 |
| 2017-01-06 | Sold | $482,500 |
| 2016-06-30 | Pending sale | $529,900 |
| 2016-06-10 | Listed for sale | $529,900 |
| 2016-04-02 | Listing removed | $575,000 |
| 2016-03-02 | Listed for sale | $575,000 |
| 2015-04-09 | Listing removed | $595,900 |
| 2014-12-18 | Listed for sale | $595,900 |
| 2006-07-26 | Sold | $584,000 |
| 2004-04-21 | Sold | $545,000 |
For Sale by Agent
View on Zillow