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5 41st St Unit 9, Ocean City, MD, 21842

0beds
1baths
375sqft
$239,900
$640price/sqft
$1,975/moest. monthly cost
$79,000/yrincome needed

About This Home

Let's start with the obvious question... How is this condo only $239,900?   (We're asking this question so you don't have to).  With recent sales in the building (over $250,000), an excellent rental history, meaningful updates already completed, and one of Ocean City's most convenient mid-town locations, Dominica Beach #9 represents one of the best values currently available at the beach. Located on the second floor of the popular Dominica Beach Condominium, this furnished efficiency-style residence proves that buying at the beach doesn't have to mean compromising. The interior has been tastefully updated over the years, including the addition of a high-efficiency mini-split HVAC system, an attractive vintage tin backsplash, and one of the largest storage rooms featured in an condo in Ocean City!   You're going to have to see it to believe it....  it's a true walk-in storage 'room', with plenty of space for all your beach gear, bikes, fishing gear, surf boards, and more.   Instead of trying to squeeze everything into the condo, you'll have a dedicated space that's surprisingly large and incredibly useful.   Whether you're looking for a personal beach getaway, a weekend escape, or a property capable of producing rental income, this condo gives you options. It has an excellent rental history, yet it's equally suited for someone who simply wants an affordable place to call their own whenever Ocean City is calling. Just steps from the beach and an easy walk to the Ocean City Convention Center, miniature golf, restaurants, nightlife, and countless mid-town attractions, you'll spend less time driving and more time enjoying everything that makes Ocean City special. The assigned parking space only adds to that convenience. At the end of the day, buying real estate isn't just about finding something you like. It's about recognizing value when you see it. At $239,900, with this location, these updates, an excellent rental history, oversized storage, and a well-managed building... We think this is exactly that kind of opportunity.

Getting Around

46
WalkingCar-Dependent
0
TransitVery Limited Transit
51
BikeBikeable

Schools

10/10
10/10
7/10

Construction

Condition

  • Year built: 1967

Materials

  • Roof: Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

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

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Features

  • Ceiling Fan(s),Combination Dining/Living,Combination Kitchen/Dining,Combination Kitchen/Living,Efficiency
  • Door features: Sliding Glass
  • Window features: Insulated Windows,Screens
  • Flooring: Carpet,Ceramic Tile
  • Finished area below ground: 0
  • Finished area above ground: 375

Heating & Cooling

  • Heating features: Wall Unit,Electric
  • Cooling features: Wall Unit(s),Electric

Interior Area

  • Total structure area: 375
  • Total interior livable area: 375 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 2410425107
  • Attached to another structure: Yes
  • Zoning: RESIDENTIAL CONDOMINIUM
  • Special condition: Standard
  • Exclusions: See Inventory Addendum

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size dimensions: 0.00 x 0.00

Parking

  • Parking features: Parking Lot

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 $1,213$14,556
Home Insurance *$211$2,532
Property Taxes $270$3,240
Electricity $281$3,374
Total$1,975$23,700
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$67,714/yr
40% on housing$59,250/yr
45% on housing$52,666/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

$640This 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
2026-07-14Listed for sale$239,900
2024-06-07Sold$224,500
2024-04-26Pending sale$224,500
2024-04-24Listed for sale$224,500
2019-12-04Sold$98,000
2019-11-07Pending sale$112,000
2019-10-02Listed for sale$112,000
2019-10-01Pending sale$112,000
2019-09-26Listed for sale$112,000
2019-04-30Listing removed$120,000
2018-12-10Listed for sale$120,000
2010-12-16Sold$92,500
2005-11-23Sold$190,000

For Sale by Agent

AgentGrant Fritschle
BrokerageKeller Williams Realty Delmarva

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