518 Ocean Pkwy
Ocean Pines, MD 21811
4 bd 3 ba 2,700 sqft Built 2004 Lot 9,611 sqft single_family
Most recent sale
$492,000
Mar 11, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 11, 2022 | Sold | $492,000 | MLS #MDWO2005770 |
| Feb 14, 2022 | Listed | $485,000 | MLS #MDWO2005770 |
| Feb 15, 2005 | Sold | $433,825 | Public Record |
| Aug 9, 2002 | Sold | $64,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | $308,700 | $69,200 | $377,900 | $3,617 |
| 2020 | — | — | $355,667 | $3,404 |
| 2019 | — | — | $333,433 | $3,191 |
| 2018 | $248,900 | $62,300 | $311,200 | $2,947 |
| 2017 | $248,900 | $62,300 | $311,200 | $2,947 |
| 2016 | $248,900 | $62,300 | $311,200 | $2,947 |
| 2015 | $267,900 | $52,300 | $320,200 | $3,032 |
| 2014 | $267,900 | $52,300 | $320,200 | $2,824 |
| 2013 | — | — | $320,200 | $3,000 |
| 2012 | — | — | $340,100 | $2,738 |
| 2011 | — | — | $340,100 | $2,738 |
| 2010 | — | — | $340,100 | $3,378 |
Property facts
Year built
2004
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,700 sqft
Lot size
9,611 sqft
ZIP code
21811
City
Ocean Pines
Street
Ocean Pkwy
Coordinates
38.38688, -75.13931
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,050
Gross rental yield
9.88%
Implied cap rate
6.42%
Trend-extrapolated value
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Frequently asked questions
When did 518 Ocean Pkwy last sell?
518 Ocean Pkwy most recently sold on Mar 11, 2022 for $492,000.
What is the current tax assessment for 518 Ocean Pkwy?
The most recent total assessment for 518 Ocean Pkwy (year 2021) is $377,900 with $3,617 in property tax.
How does 518 Ocean Pkwy's assessment compare to its last sale price?
The current assessment is 23.2% below the last sale price of $492,000.
When was 518 Ocean Pkwy built?
518 Ocean Pkwy was built in 2004.
How does 518 Ocean Pkwy compare to others on Ocean Pkwy?
We track 8 other properties on Ocean Pkwy. Browse the list under "Other properties on Ocean Pkwy" to compare beds, baths, and sale history.
What are the property facts for 518 Ocean Pkwy?
518 Ocean Pkwy is a 4 bed, 3 bath, 2,700 sqft, 9,611 sqft lot single_family.
Is 518 Ocean Pkwy a flip candidate?
No — 518 Ocean Pkwy does not appear in our flips dataset.
Is 518 Ocean Pkwy a tax-appeal candidate?
No — 518 Ocean Pkwy is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.1%
Implied 1-yr
+0.3%
2026 Q3
$470.1K
2026 Q4
$470.4K
ZIP 21811 — Median Price History + Forecast
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Geography
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