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424 Lark Ln #E303, Ocean City, MD, 21842

2beds
1baths
792sqft
$264,000
$333price/sqft
$2,122/moest. monthly cost
$84,880/yrincome needed

About This Home

Beautifully maintained 2BR/1BA top-floor condo located just minutes from the beach and boardwalk! This move-in-ready unit features a bright and spacious open floor plan that is perfect for entertaining. Being on the top floor provides added privacy and peace with no neighbors overhead. The inviting family room flows seamlessly into the large dining area and well-equipped kitchen, creating the perfect space for gathering with family and friends. The kitchen offers plenty of functionality for preparing meals at home after a relaxing day at the beach. Both bedrooms are generously sized, and the full bathroom is conveniently located nearby. The condo also includes an in-unit washer and dryer for added convenience. Recent updates include a mini-split heating and air conditioning system, new flooring throughout, a water heater replaced in May 2024, a garbage disposal replaced in 2023, and a washer and dryer replaced in 2023. Currently operating as a successful Airbnb with impressive rental income potential, this property is being sold fully furnished and turnkey ready. Conveniently located close to restaurants, shopping, Jolly Roger, the beach, and the boardwalk, the community also features a large outdoor pool for owners and guests to enjoy. Don’t miss this fantastic opportunity to own a beach-area getaway or investment property—schedule your showing today before it’s gone! 2023 Gross income $25,273, 2024 Gross income - $19,343 , 2025 Gross income -  $24,490.

Getting Around

39
WalkingCar-Dependent
0
TransitVery Limited Transit
55
BikeBikeable

Schools

10/10
10/10
7/10

Construction

Condition

  • Property condition: Excellent
  • Year built: 1974

Materials

  • Foundation: Block,Crawl Space
  • Roof: Built-Up
  • Construction materials: Frame,Stick Built

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Oven/Range - Electric,Refrigerator,Washer/Dryer Stacked,Electric Water Heater
  • Laundry features: Dryer In Unit,Washer In Unit,In Unit

Bedroom1

  • Features: Flooring - Carpet
  • Level: Main
  • Area: 130
  • Dimensions: 10 X 13

Bedroom2

  • Features: Flooring - Carpet
  • Level: Main
  • Area: 130
  • Dimensions: 10 X 13

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Features: Flooring - Carpet
  • Level: Main
  • Area: 120
  • Dimensions: 10 X 12

Features

  • Ceiling Fan(s)
  • Window features: Screens,Window Treatments
  • Finished area below ground: 0
  • Finished area above ground: 792

Heating & Cooling

  • Heating features: Forced Air,Electric
  • Cooling features: Ductless,Electric

Interior Area

  • Total structure area: 792
  • Total interior livable area: 792 sqft

Kitchen

  • Features: Flooring - Vinyl
  • Level: Main
  • Area: 81
  • Dimensions: 9 X 9

Living Room

  • Features: Flooring - Carpet
  • Level: Main
  • Area: 180
  • Dimensions: 12 X 15

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 2410060702
  • Attached to another structure: Yes
  • Zoning: R-2
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: Community
  • Patio & porch: Porch
  • Exterior features: Outdoor Shower

Lot

  • Features: Cleared,Poolside
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Parking features: Assigned,Off Street

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 $1,334$16,008
Home Insurance *$211$2,532
Property Taxes $296$3,552
Electricity $281$3,374
Total$2,122$25,464
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,754/yr
40% on housing$63,660/yr
45% on housing$56,586/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

$333This listing

vs Other Active Listings

Avg $/sqft

ZIP 21842$304
Worcester County$308

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
2026-05-18Listed for sale$264,000
2025-10-31Listing removed$268,900
2025-05-03Price change$268,900
2024-10-27Price change$273,900
2024-06-29Listed for sale$278,900
2024-06-17Contingent$278,900
2024-05-29Listed for sale$278,900
2022-11-04Listing removed$269,900
2022-05-25Listed for sale$269,900
2017-03-03Sold$250,000
2016-05-13Sold$120,000
2015-12-01Listed for sale$130,000
1996-02-29Sold$37,500

For Sale by Agent

AgentNancy Reither
BrokerageColdwell Banker Realty

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