$550,000
●
House -
Off Market
321 OCEAN PKWY
OCEAN PINES, MD 21811
3 Beds
2 Baths
1,584 Ft²
$596,772
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
Lovely well maintained 3 bedroom 2 bath home. The home comes
completely furnished and ready for move in. This home has a
boat lift and a waterway with direct access to Saint Martins River
and out to the Atlantic Ocean. No bridges to go under
in Ocean Pines allowing boats with tall top decks and outriggers.
The home has a sunroom and enjoyable outside deck facing the
water. Ocean Pines owns a city block at 49th street on the
Atlantic Ocean with a beach club, parking and a pool. Ocean
Pines has a total of 5 pools including an indoor pool. Two
Pools are located at the Ocean Pines Yacht Club. There is a
Bobby Trent Jones Golf Course and Clubhouse only 5 blocks away from
this home. HVAC, Water Heater and Roof are all only a few
years old. This home is perfect as a vacation home or
retirement home.
Unit Size
1,584 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$378
Property Type
House
Property Taxes
$236
HOA Dues
$1,498
Year Built
1978
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 3 years ago (Bright MLS #MDWO2016424)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2023 | Sold | ||
| Sold | |||
| Sep 25, 2023 | In contract | - | |
| In contract | |||
| Sep 21, 2023 | Listed by Berkshire Hathaway HomeServices PenFed Realty - OP | $599,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty - OP | |||
| Jun 20, 1997 | Sold | ||
| Sold | |||
| Nov 12, 1981 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Fireplace
With View
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
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Steve Howse
Berkshire Hathaway HomeServices PenFed Realty - OP
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDWO2016424
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.
Berkshire Hathaway HomeServices PenFed Realty - OP
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDWO2016424
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017