10 135th St Unit 507 Ocean City, MD 21842
Estimated payment $3,208/month
Highlights
- Hot Property
- Water Oriented
- Open Floorplan
- Ocean City Elementary School Rated A
- Gourmet Kitchen
- Main Floor Bedroom
About This Home
Welcome to this beautifully renovated 3-bedroom, 2-bath condo in the sought-after Watergate I community—perfectly situated on the ocean block, just a half block from the beach! Located in vibrant North Ocean City, you're moments from Northside Park, Fenwick Island, and an abundance of restaurants, shops, and entertainment.
Step inside to discover a bright and airy open floor plan, featuring a gourmet kitchen with new appliances, upgraded bathrooms, and stylish new flooring throughout. Major updates include a brand-new HVAC system (installed September 2025) and a new tankless water heater, giving you peace of mind for years to come.
Enjoy breathtaking views of both the ocean and bay from your spacious private balcony, ideal for morning coffee or evening sunsets.
This condo is fully furnished and thoughtfully decorated, offering a truly turnkey experience. Whether you're looking for a vacation getaway, a full-time residence, or an income-producing investment, this property checks every box. With a strong short-term rental history generating over $35,000 annually, it’s a smart choice for savvy buyers.
Don't miss this rare opportunity to own a slice of paradise in Ocean City—schedule your showing today!
Co-Listing Agent
(301) 980-1013 mvermeulen@remaxdistinctive.com RE/MAX Distinctive License #0225238961
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,395
Year Built
- Built in 1973 | Remodeled in 2023
HOA Fees
- $413 Monthly HOA Fees
Home Design
- Entry on the 5th floor
- Stucco
Interior Spaces
- 924 Sq Ft Home
- Open Floorplan
- Wet Bar
- Furnished
- Ceiling Fan
- Combination Dining and Living Room
- Luxury Vinyl Plank Tile Flooring
- Exterior Cameras
Kitchen
- Gourmet Kitchen
- Electric Oven or Range
- Self-Cleaning Oven
- Built-In Range
- Built-In Microwave
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- En-Suite Bathroom
- 2 Full Bathrooms
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry in unit
- Front Loading Dryer
- Front Loading Washer
Parking
- Assigned parking located at #507
- Parking Lot
- Off-Street Parking
- 1 Assigned Parking Space
Outdoor Features
- Outdoor Shower
- Water Oriented
- Property is near a spring
- Exterior Lighting
Utilities
- 90% Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Tankless Water Heater
Additional Features
- Accessible Elevator Installed
- Property is in excellent condition
- Flood Risk
Listing and Financial Details
- Tax Lot 507
- Assessor Parcel Number 2410166691
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, insurance, management, reserve funds, snow removal, trash
- 48 Units
- Building Winterized
- Mid-Rise Condominium
- Watergate I (135Th St.) Community
- Watergate Subdivision
- Property has 6 Levels
Pet Policy
- Pets allowed on a case-by-case basis
Additional Features
- Fire and Smoke Detector
- 1 Elevator
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,747 | $320,867 | $0 | $0 |
| 2024 | $3,747 | $268,533 | $0 | $0 |
| 2023 | $3,038 | $216,200 | $108,100 | $108,100 |
| 2022 | $3,038 | $216,200 | $108,100 | $108,100 |
| 2021 | $3,055 | $216,200 | $108,100 | $108,100 |
| 2020 | $3,055 | $216,200 | $108,100 | $108,100 |
| 2019 | $3,076 | $216,200 | $108,100 | $108,100 |
| 2018 | $3,045 | $216,200 | $108,100 | $108,100 |
| 2017 | $3,106 | $219,900 | $0 | $0 |
| 2016 | -- | $214,667 | $0 | $0 |
| 2015 | $3,060 | $209,433 | $0 | $0 |
| 2014 | $3,060 | $204,200 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2025 09/18/25 | For Sale | $460,000 | +21.1% | $498 / Sq Ft |
| 07/21/2023 07/21/23 | Sold | $379,900 | 0.0% | $411 / Sq Ft |
| 06/24/2023 06/24/23 | Pending | -- | -- | -- |
| 06/12/2023 06/12/23 | For Sale | $379,900 | 0.0% | $411 / Sq Ft |
| 08/21/2020 08/21/20 | Rented | $1,450 | 0.0% | -- |
| 12/26/2019 12/26/19 | Off Market | $1,450 | -- | -- |
| 11/14/2019 11/14/19 | For Rent | $1,450 | 0.0% | -- |
| 10/25/2019 10/25/19 | Off Market | $1,450 | -- | -- |
| 08/27/2019 08/27/19 | For Rent | $1,450 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $379,900 | Lakeside Title | |
| Deed | $379,900 | Lakeside Title | |
| Deed | -- | -- | |
| Deed | $295,000 | -- | |
| Deed | $78,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $284,925 | New Conventional | |
| Closed | $284,925 | New Conventional | |
| Previous Owner | $279,500 | Unknown | |
| Previous Owner | $268,000 | Adjustable Rate Mortgage/ARM | |
| Closed | -- | No Value Available |
Source: Bright MLS
MLS Number: MDWO2033446
APN: 10-166691
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