7 40th St #307, Ocean City, MD, 21842
About This Home
Wake up to the sound of the surf and the sight of the ocean from your OCEAN BLOCK beach retreat in Midtown OC. This bright and open FULLY FURNISHED 1-bed/1-full bath offers modern touches throughout, perfect for effortless weekends by the water. Sip your morning coffee on the front balcony with ocean views, then unwind on the rear balcony that captures the warm afternoon sun. Major updates include 2018 HVAC, water heater, flooring, and kitchen renovation, plus a new rear slider in 2023, making this an easy turn-key option. Enjoy the convenience of 1 assigned parking space in building lot, with plenty of on-street parking nearby for guests. Looking for a personal getaway or a savvy rental investment? This condo checks every box...fully furnished, no rental restrictions, strong location, and restaurants, bars, and beach fun all just moments away. Start living the Ocean City beach lifestyle you’ve been dreaming of!
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1972
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher,Oven/Range - Electric,Refrigerator,Washer/Dryer Stacked,Electric Water Heater
- Laundry features: Dryer In Unit,Washer In Unit,In Unit
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Features
- Finished area above ground: 588
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 588
- Total interior livable area: 588 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 2410054818
- Attached to another structure: Yes
- Zoning: R-3
- Special condition: Standard
- Exclusions: Small Wall Pictures In Living Room & Bedroom Bedding
Features
- Levels: One
- Stories: 1
- Pool features: None
- Exterior features: Lighting,Sidewalks,Street Lights,Balcony
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Lot size dimensions: 0.00 x 0.00
Parking
- Parking features: Assigned,On Street,Parking Lot,Off Street
- Has uncovered spaces: Yes
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 | $1,390 | $16,680 |
| Home Insurance * | $211 | $2,532 |
| Property Taxes | $311 | $3,732 |
| Electricity | $281 | $3,374 |
| Total | $2,193 | $26,316 |
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 |
|---|---|---|
| 2026-03-06 | Listed for sale | $299,990 |
| 2025-12-04 | Listing removed | $299,990 |
| 2025-10-30 | Listed for sale | $299,990 |
| 2025-10-29 | Listing removed | $315,000 |
| 2025-07-11 | Price change | $315,000 |
| 2025-03-04 | Price change | $335,000 |
| 2024-11-07 | Listed for sale | $345,000 |
View on Zillow