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Rainbow Condominiums

Rainbow Condominiums

Rainbow Condominiums
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

11200 Coastal Hwy
Ocean City, MD 21842-2565
98 Units
13 Stories
1984 Year Built
$440K - $959K Value Range

Available Units

For Sale
No Units Available
For Rent
No Units Available

Highlights

  • Community Pool
  • Ocean City Elementary School Rated A
  • Balcony
  • 24 Hour Access
  • 4 min walk to Jamestown Park

Oceanfront Living with Bay Views

Rainbow Condominiums, a 13-story building completed in 1984, offers a unique blend of oceanfront and bay views. Located in North Ocean City, this building houses 98 units, providing residents with a serene coastal lifestyle. The building's design maximizes natural light and panoramic views, making it a standout choice for those seeking both relaxation and scenic beauty.

Spacious Units with Stunning Views

Rainbow Condominiums offers a variety of floor plans to suit different needs, ranging from 1 to 3-bedroom layouts. The 1-bedroom units, spanning 930 to 990 square feet, feature 1 bathroom and are priced around $460,000. These units come with private balconies that offer breathtaking ocean and bay views, perfect for enjoying sunrises and sunsets. The 2-bedroom units range from 990 to 1,784 square feet and include 1 to 2 bathrooms. Some of these units have been meticulously maintained and even offer the potential to convert additional space into a third bedroom. The 3-bedroom units, the largest in the building, range from 1,372 to 2,240 square feet and include 2 bathrooms. These units are designed with open floor plans, spacious kitchens, and expansive balconies that extend from one end of the unit to the other, providing spectacular ocean views from the primary bedroom. Many units come fully furnished, making them move-in ready and ideal for those looking to enjoy a hassle-free beach lifestyle.

Comprehensive Amenities for a Comfortable Lifestyle

Rainbow Condominiums offers a range of amenities designed to enhance the living experience. Residents can enjoy a heated outdoor pool and a kiddy pool, perfect for families. The sun deck provides a great space for relaxation and soaking up the sun. For those who prefer an active lifestyle, bike racks are available. The building is equipped with high-speed elevators and assigned parking, ensuring convenience and ease of access. Additional amenities include air conditioning, balconies, and fully equipped kitchens with microwaves, refrigerators, and freezers. The building also offers 24-hour access, heating, and tub/shower facilities. Business services such as in-house management, maintenance, and a seasonal lot guard add to the convenience and security of living here.

Vibrant Community with Abundant Amenities

The neighborhood surrounding Rainbow Condominiums is bustling with activity and offers a variety of amenities. Northside Park, a 58-acre public recreation area, is about a 20-minute walk away and features sports courts, playgrounds, and an indoor facility with a gym. For grocery shopping, residents have several options, including ACME Markets, Food Lion, and Montego Bay Super Thrift, all within walking distance. Fitness enthusiasts can visit Pure Family Fitness North Ocean City or OC FIT GYM, both located nearby. Dining options are plentiful, with fast-food chains like Dairy Queen Grill & Chill, McDonald's, and Wawa, as well as sit-down restaurants like Chipotle Mexican Grill and Five Guys. Shopping is convenient with Gold Coast Mall, Ocean City Square, and Montego Bay Shopping Center all within a short distance. The area also boasts several parks, including Jamestown Park and Little Salisbury Park, providing ample opportunities for outdoor activities.

Accessible Transportation Options

Rainbow Condominiums is well-connected with various transportation options. The Coastal Highway Beach Bus stops less than five minutes away, providing easy access to different parts of Ocean City. For those who travel frequently, Salisbury-Ocean City Wicomico Regional Airport is approximately 50 minutes away by car. The area is somewhat walkable and bikeable, making it convenient for residents to run errands or enjoy a leisurely ride along the coast.

Building Details

Recreation

  • Community Pool

Amenities

  • 24 Hour Access

Unit Features

  • Balcony

Unit Information

Beds
Studio
3 Beds
3 Beds
2 Beds
3 Beds
3 Beds
3 Beds
3 Beds
Studio
3 Beds
Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
Sq Ft
1,372
1,538
2,240
1,784
2,128
2,128
2,128
2,128
2,128
1,372
Status
Off Market
Off Market
Off Market
Off Market
Off Market
Off Market
Off Market
Off Market
Off Market
Off Market
Price
--
--
--
--
--
--
--
--
--
--
Estimated Value
$658,081
$858,016
--
--
--
--
--
$793,607
$861,909
$794,868

Unit Size and Value Ranges

Studio Units
Sq Ft Range
930 - 2,240
Est. Values
$466,248 - $928,285
1 Bedroom Units
Sq Ft Range
930 - 990
Est. Values
$440,098 - $487,995
2 Bedroom Units
Sq Ft Range
990 - 1,784
Est. Values
$522,437 - $826,771
3 Bedroom Units
Sq Ft Range
1,372 - 2,240
Est. Values
$738,575 - $959,055
All Units
Sq Ft Range
930 - 2,240
Est. Values
$440,098 - $959,055

Map

Area Factors

Low Crime

Crime Score®

4 / 10

Bikeable

Bike Score®

50 / 100

Car-Dependent

Walk Score®

49 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

76 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$277K - $600K
Range of Taxes in Building
$3,868 - $8,376
Range of Taxes per Sq Ft
$3.25 - $5.05

Property Tax History

Source: Public Records

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