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640 Ocean Pkwy

Ocean Pines, MD 21811

3 bd 2 ba 1,320 sqft Built 1977 Lot 9,583 sqft single_family
Most recent sale
$340,900
Jul 14, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Sep 26, 2025 Sold $385,000 BrightMLS
Aug 1, 2025 Price changed $399,000 BrightMLS
May 10, 2025 Relisted $409,900 BrightMLS
May 5, 2025 Listed $409,900 BrightMLS
Jul 14, 2022 Sold $340,900 MLS #MDWO2008326
Jun 13, 2022 Listed $329,900 MLS #MDWO2008326
Apr 23, 1996 Sold $14,200 BrightMLS
Mar 22, 1995 Sold $89,000 Public Record
Apr 19, 1994 Sold $60,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2021 $97,300 $92,300 $189,600 $1,723
2020 $189,000 $1,679
2019 $188,400 $1,635
2018 $95,500 $92,300 $187,800 $1,577
2017 $95,500 $92,300 $187,800 $1,537
2016 $95,500 $92,300 $187,800 $1,498
2015 $97,400 $92,300 $189,700 $1,463
2014 $97,400 $92,300 $189,700 $1,299
2013 $189,700 $1,281
2012 $201,500 $1,148
2011 $201,500 $1,116
2010 $201,500 $1,070

Property facts

Year built
1977
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,320 sqft
Lot size
9,583 sqft
ZIP code
21811
City
Ocean Pines
Street
Ocean Pkwy
Coordinates
38.37789, -75.13318

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,980
Gross rental yield
6.97%
Implied cap rate
4.53%
Trend-extrapolated value

Frequently asked questions

When did 640 Ocean Pkwy last sell?
640 Ocean Pkwy most recently sold on Jul 14, 2022 for $340,900.
What is the current tax assessment for 640 Ocean Pkwy?
The most recent total assessment for 640 Ocean Pkwy (year 2021) is $189,600 with $1,723 in property tax.
How does 640 Ocean Pkwy's assessment compare to its last sale price?
The current assessment is 44.4% below the last sale price of $340,900.
When was 640 Ocean Pkwy built?
640 Ocean Pkwy was built in 1977.
How does 640 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 640 Ocean Pkwy?
640 Ocean Pkwy is a 3 bed, 2 bath, 1,320 sqft, 9,583 sqft lot single_family.
Is 640 Ocean Pkwy a flip candidate?
No — 640 Ocean Pkwy does not appear in our flips dataset.
Is 640 Ocean Pkwy a tax-appeal candidate?
No — 640 Ocean Pkwy is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly 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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