5500 Coastal Hwy
Ocean City, MD 21842
2 bd 2 ba 955 sqft Built 1984 condos
Most recent sale
$405,000
Aug 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 29, 2022 | Sold | $405,000 | MLS #MDWO2007258 |
| Apr 22, 2022 | Listed | $399,900 | MLS #MDWO2007258 |
| Apr 10, 2018 | Sold | $192,000 | Public Record |
| Dec 13, 2004 | Sold | $292,500 | Public Record |
| Sep 5, 2002 | Sold | $175,000 | Public Record |
| Jun 19, 1991 | Sold | $90,000 | Public Record |
| Aug 28, 1987 | Sold | $73,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $319,600 | $4,364 |
| 2024 | — | — | $319,600 | $3,588 |
| 2022 | $97,400 | $97,400 | $194,800 | $2,737 |
| 2021 | $97,400 | $97,400 | $194,800 | $2,753 |
| 2020 | $97,400 | $97,400 | $194,800 | $2,752 |
| 2019 | — | — | $193,533 | $2,753 |
| 2018 | — | — | $192,267 | $2,715 |
| 2017 | $95,500 | $95,500 | $191,000 | $2,698 |
| 2016 | $95,500 | $95,500 | $191,000 | $2,711 |
| 2015 | $95,500 | $95,500 | $191,000 | $2,721 |
| 2014 | $96,900 | $96,900 | $193,800 | $2,620 |
| 2013 | — | — | $193,800 | $2,624 |
| 2012 | — | — | $193,800 | $2,597 |
| 2011 | — | — | $250,210 | $3,002 |
| 2010 | — | — | $250,210 | $3,002 |
| 2009 | — | — | $250,210 | $2,014 |
| 2008 | — | — | $290,320 | $3,460 |
Property facts
Year built
1984
Property type
condos
Stories
1
Beds
2
Baths
2
Living area
955 sqft
Lot size
—
ZIP code
21842
City
Ocean City
Street
Coastal Hwy
Coordinates
38.37993, -75.06771
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,433
Gross rental yield
4.25%
Implied cap rate
2.76%
Trend-extrapolated value
—
Frequently asked questions
When did 5500 Coastal Hwy last sell?
5500 Coastal Hwy most recently sold on Aug 29, 2022 for $405,000.
What is the current tax assessment for 5500 Coastal Hwy?
The most recent total assessment for 5500 Coastal Hwy (year 2025) is $319,600 with $4,364 in property tax.
How does 5500 Coastal Hwy's assessment compare to its last sale price?
The current assessment is 21.1% below the last sale price of $405,000.
When was 5500 Coastal Hwy built?
5500 Coastal Hwy was built in 1984.
How does 5500 Coastal Hwy compare to others on Coastal Hwy?
We track 8 other properties on Coastal Hwy. Browse the list under "Other properties on Coastal Hwy" to compare beds, baths, and sale history.
What are the property facts for 5500 Coastal Hwy?
5500 Coastal Hwy is a 2 bed, 2 bath, 955 sqft condos.
Is 5500 Coastal Hwy a flip candidate?
No — 5500 Coastal Hwy does not appear in our flips dataset.
Is 5500 Coastal Hwy a tax-appeal candidate?
No — 5500 Coastal Hwy is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.9%
Implied 1-yr
-7.4%
2026 Q3
$476K
2026 Q4
$466K
ZIP 21842 — Median Price History + Forecast
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Geography
Other properties on Coastal Hwy