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11 54th St #203, Ocean City, MD, 21842

5beds
5baths
2,622sqft
$1,250,000
$477price/sqft
$8,304/moest. monthly cost
$332,160/yrincome needed

About This Home

Some beach properties simply offer a place to stay. Key Largo #203 offers the lifestyle buyers spend years searching for. Perfectly positioned on the ocean block of 54th Street, this exceptional residence combines one of the most desirable locations in Ocean City with something that has become incredibly rare—a true 5-bedroom, 4½-bath condominium offering over 2,700 square feet of beautifully designed living space. Large enough to live like a home, yet effortless enough to enjoy as a vacation getaway or exceptional investment property, this is coastal living at its finest. Whether you’re gathering generations of family under one roof, hosting friends for unforgettable summer weekends, or seeking a high-demand vacation rental, the thoughtful floor plan was designed with everyone in mind. Three private bedroom suites provide the comfort and privacy today’s buyers expect, while the expansive Primary Suite offers its own peaceful escape with a private balcony, charming window seat, and morning sunshine filtering in from the east. The heart of every memorable beach home is where everyone naturally gathers, and the chef-inspired kitchen delivers beautifully. Outfitted with premium Viking appliances, granite countertops, abundant workspace, and an open flow into the dining and living areas, it’s equally suited for pancake breakfasts before the beach or seafood feasts after a day in the sun. Two sets of French doors open to a spacious wraparound balcony where refreshing ocean breezes and glimpses of the Atlantic create the perfect backdrop for morning coffee, afternoon cocktails, or simply unwinding after a day on the sand. Location is everything—and this one is hard to beat. Just a short stroll to the beach, you’re also within easy walking distance of many of Ocean City’s favorite restaurants, entertainment, and attractions, including Seacrets, Macky’s Bayside Bar & Grill, The Original Green Turtle, the Roland E. Powell Convention Center, Jolly Roger Amusement Park, and countless shops and conveniences. Leave the car parked and enjoy the best of midtown Ocean City on foot. Properties of this size and caliber are becoming increasingly difficult to find. Whether your dream is creating lasting family traditions, owning a luxurious second home, or investing in a property with exceptional rental appeal, Key Largo #203 checks every box—and then exceeds expectations. This isn’t simply a condominium. It’s where beach memories begin, sunsets linger a little longer, and every season feels like a vacation.

Getting Around

48
WalkingCar-Dependent
0
TransitVery Limited Transit
51
BikeBikeable

Schools

10/10
10/10
7/10

Construction

Condition

  • Year built: 2006

Materials

  • Construction materials: Combination

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

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

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1
  • Main level bathrooms: 5
  • Main level bedrooms: 5

Features

  • Soaking Tub,Bathroom - Tub Shower,Bathroom - Walk-In Shower,Breakfast Area,Dining Area,Open Floorplan,Upgraded Countertops,Walk-In Closet(s)
  • Finished area below ground: 0
  • Finished area above ground: 2,622

Heating & Cooling

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

Interior Area

  • Total structure area: 2,622
  • Total interior livable area: 2,622 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 2410754461
  • Attached to another structure: Yes
  • Zoning: R
  • Special condition: Standard

Features

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

Lot

  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 2
  • Parking features: Covered,Assigned,Off Street,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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 $6,320$75,840
Home Insurance *$211$2,532
Property Taxes $1,439$17,268
Electricity $334$4,008
Total$8,304$99,648
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$284,708/yr
40% on housing$249,120/yr
45% on housing$221,440/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

$477This listing

vs Other Active Listings

Avg $/sqft

ZIP 21842$300
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
2026-06-20Listed for sale$1,250,000
2010-02-23Sold$619,650
2009-11-14Listing removed$473,075
2009-09-27Price change$473,075
2009-09-06Listed for sale$497,970
2007-10-30Sold$890,000

For Sale by Agent

AgentTerry Riley
BrokerageRE/MAX Advantage Realty

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