25
Map
$353,000
●
House -
For Sale
1142 OCEAN PARKWAY
OCEAN PINES, MD 21811
3 Beds
2 Baths
1,046 Ft²
$1,998
Est. Monthly
$76
HOA / Fees
About This Property
Looking for a permanent home or a vacation get away? This is it!
Offering both convenience and relaxation this home has one level
living with an open floor plan, vaulted ceilings, a combined dining
and kitchen area, a gas fireplace for cozy evenings and a screen
porch to enjoy through all the seasons. This coastal contemporary
has three bedrooms and two full baths. The luxury vinyl plank
flooring, vanity lights, fixtures, ceiling fans and appliances are
only about a year old. Ocean Pines has all the amenities you could
ever hope for: volleyball, parks, a marina, a golf course, both
indoor and outdoor pools, walking trails and a variety
of clubs and activities. Easy access to nearby beaches and attractions come fall in love with the magic of Ocean Pines living.
of clubs and activities. Easy access to nearby beaches and attractions come fall in love with the magic of Ocean Pines living.
Unit Size
1,046 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$337
Property Type
House
Property Taxes
$188
HOA Dues
$76
Year Built
1995
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 23 days ago (Bright MLS #MDWO2041462)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Listed by ERA Martin Associates | $353,000 | |
| Listed by ERA Martin Associates | |||
| Jun 12, 2025 | Sold | ||
| Sold | |||
| May 2, 2025 | In contract | - | |
| In contract | |||
| Mar 13, 2025 | Listed by Berkshire Hathaway HomeServices PenFed Realty - OP | $335,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty - OP | |||
| | |||
|
NEW PRICE! All spruced up and ready for your enjoyment all year around! Coastal contemporary with 3 bedrooms and 2 full baths has been painted, new vanity light installed, new ceiling fans added and new appliances in the kitchen. Bright and open Great Room. A 10x16 screened porch to be enjoyed as the warm weather finally comes and Spring arrives. Attached storage shed. New stone driveway put in recently. Yard mulched. New Luxury Vinyl Plank flooring now throughout the house. Easy to see. Sellers will consider a $2000 credit for buyer's closing costs for an acceptable offer. Enjoy all the great amenities that Ocean Pines has to offer-swimming pools (1 indoor), racquet sports, golf, biking and hiking trails, fine dining at the Yacht Club, and an ocean front Beach Club at 49th Street.
| |||
| Nov 8, 2024 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: Driveway
Interior Details
Full Bathrooms: 2
Interior Features: Chair Railings, Floor Plan - Open
Appliances: Microwave, Dishwasher, Disposal, Dryer, Electric Oven, Refrigerator, Washer, Water Heater
Flooring Type: Luxury Vinyl Plank
Has Fireplace
Fireplace Features: Propane
Fireplaces: 1
Exterior Details
Square Footage: 1046
Square Footage Source: $0
Property Condition: Very Good
Architectural Style: Contemporary, Coastal
Year Built Source: Assessor
Year Built: 1995
Building Name: NONE AVAILABLE
Levels: 1
Other Structures: Above Grade, Below Grade
Construction Materials: Frame, Vinyl Siding, Stick Built
Patio and Porch Features: Porch, Screened
Lot Size Area: 8870
Lot Size Units: Square Feet
Lot Size Acres: 0.2
Lot Size Square Feet: 8870
Tax Lot: 407
Water Source: Public
Financial Details
Tax Assessed Value: $222,700
Tax Annual Amount: $2,254
Utilities Details
Cooling Type: Central Air, Heat Pump(s)
Heating Type: Central, Heat Pump(s)
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Snow Removal, Road Maintenance
HOA/Condo/Coop Amenities: Basketball Court, Boat Slip, Clubhouse, Maintenance Grounds, Dog Park, Golf Course, Picnic Area, Racquetball, Security, Tennis Court(s), Playground, Baseball Field, Beach, Beach Club, Bike Trail, Community Center, Gift Shop, Golf Club, Golf Course Membership Available, Jog/Walk Path, Lake, Marina/Marina Club, Non-Lake Recreational Area, Pool - Indoor, Pool - Outdoor, Pool Mem Avail, Swimming Pool, Water/Lake Privileges
HOA Fee: $915
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ocean Pines
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Listed by: Lisa M. Spicer
ERA Martin Associates
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDWO2041462
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
ERA Martin Associates
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDWO2041462
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