105 56th St Unit 501P4 Ocean City, MD 21842
Estimated payment $4,263/month
Highlights
- Very Popular Property
- Community Pool
- Central Heating and Cooling System
- Ocean City Elementary School Rated A
About This Home
DIRECT BAYFRONT LUXURY at The Maresol – Ocean City’s Premier Bayside Building!
Unit 501 is a beautifully updated 3-bedroom, 2-bath direct bayfront condo boasting some of the most spectacular sunset views in all of Ocean City. Perched on the bay in the highly sought-after mid-town 56th Street location, this is one of the nicest buildings on the water—and it shows.
Step out your door and you’re literally steps from the private crosswalk at 56th Street, making trips to the pristine Atlantic beaches safer and faster than almost anywhere else in town—no long walks up or down Coastal Highway required. Completely turn-key and tastefully upgraded by the current owners with new flooring, fresh paint, modern fixtures, a new water heater, and more, this condo is ready for your family to enjoy or to start generating impressive rental income immediately. The Maresol itself underwent major renovations just 5–6 years ago—including all-new walkways, railings, stairs, and building systems—so everything feels fresh, modern, and meticulously maintained with no big assessments on the horizon.
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Listing Agent
(410) 289-2539 alex.piela@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0025714 Listed on: 11/17/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,316
Year Built
- Built in 2004
HOA Fees
- $663 Monthly HOA Fees
Home Design
- 1,362 Sq Ft Home
- Entry on the 5th floor
- Dryvit Stucco
- Stucco
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Washer and Dryer Hookup
Parking
- Parking Lot
- Off-Street Parking
Schools
- Ocean City Elementary School
- Berlin Intermediate School
- Stephen Decatur High School
Utilities
- Central Heating and Cooling System
- Back Up Electric Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 501
- Assessor Parcel Number 2410424755
Community Details
Overview
- Mid-Rise Condominium
- Maresol Community
- Property has 5 Levels
Recreation
- Community Pool
Pet Policy
- Pets Allowed
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 | $5,300 | $388,133 | $0 | $0 |
| 2024 | $4,941 | $354,067 | $0 | $0 |
| 2023 | $4,511 | $320,000 | $160,000 | $160,000 |
| 2022 | $4,497 | $320,000 | $160,000 | $160,000 |
| 2021 | $4,522 | $320,000 | $160,000 | $160,000 |
| 2020 | $4,617 | $326,800 | $163,400 | $163,400 |
| 2019 | $4,520 | $317,733 | $0 | $0 |
| 2018 | $4,347 | $308,667 | $0 | $0 |
| 2017 | $4,232 | $299,600 | $0 | $0 |
| 2016 | -- | $295,067 | $0 | $0 |
| 2015 | $4,298 | $290,533 | $0 | $0 |
| 2014 | $4,298 | $286,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/17/2025 11/17/25 | For Sale | $599,000 | -- | $440 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $255,000 | Title Resources Guaranty Com | |
| Deed | $1,417,119 | -- | |
| Deed In Lieu Of Foreclosure | $1,417,119 | None Available | |
| Deed | $1,417,119 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $191,250 | New Conventional |
Source: Bright MLS
MLS Number: MDWO2034888
APN: 10-424755
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