See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

116 78th St, Ocean City, MD, 21842

9beds
--baths
5,022sqft
$2,999,900
$597price/sqft
$19,456/moest. monthly cost
$778,240/yrincome needed

About This Home

Rare opportunity to own all three brand-new luxury townhomes in one of Ocean City's most desirable bayside locations. Offered together as a package, this unique investment includes three beautifully crafted residences, each featuring stunning bay views, high-end custom finishes, and thoughtful design throughout. Built by a respected local custom builder, every unit offers expansive living spaces, conditioned garages with striking glass garage doors, and water views from each unit. Located on a short bay block from the bay and an easy walk to the beach, owners and guests will appreciate access to a quieter, low-density stretch of shoreline without the crowds. The prime location places you close to restaurants, entertainment, shopping, and everything Ocean City has to offer while maintaining a more relaxed coastal atmosphere. With no HOA or condo fees, ownership is simple and cost-effective. The property also presents tremendous rental income potential—rent all three units or keep one for personal use while generating income from the other two. Whether you're seeking a premier investment property, family compound, corporate retreat, or luxury coastal getaway, opportunities like this are exceptionally rare. Three brand-new townhomes. Bay views from every unit. No HOA or condo fees. Endless possibilities.

Getting Around

47
WalkingCar-Dependent
0
TransitVery Limited Transit
50
BikeBikeable

Schools

10/10
10/10
7/10

Construction

Condition

  • Year built: 2025

Materials

  • Foundation: Block
  • Construction materials: Frame,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Triplex

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 9

Heating & Cooling

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

Interior Area

  • Total structure area: 5,022
  • Total interior livable area: 5,022 sqft

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 2410088283
  • Zoning: R-2
  • Zoning description: R2
  • Special condition: Standard

Features

  • Pool features: None
  • Has view: Yes
  • View description: Bay,Water
  • Has water view: Yes
  • Water view: Bay,Water
  • Waterfront features: Bay

Lot

  • Lot size: 6,000 sqft
  • Features: Cleared
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 2
  • Parking features: Garage Faces Side,Driveway,Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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
    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 $15,169$182,028
Home Insurance *$211$2,532
Property Taxes $3,437$41,244
Electricity $639$7,678
Total$19,456$233,472
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$667,062/yr
40% on housing$583,680/yr
45% on housing$518,826/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

$597This listing

vs Other Active Listings

Avg $/sqft

ZIP 21842$299
Worcester County$305

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
2026-06-08Listed for sale$2,999,900
2018-06-21Listing removed$649,900
2018-06-12Listed for sale$649,900
2008-05-16Listing removed$349,900
2008-04-30Price change$349,900
2008-04-25Listed for sale$379,900
2002-05-07Sold$310,000

For Sale by Agent

AgentKevin E Decker
BrokerageCoastal Life Realty Group LLC

Similar Homes