720 Rusty Anchor Rd Ocean City, MD 21842
Estimated payment $2,133/month
Highlights
- 5 Feet of Waterfront
- Primary bedroom faces the bay
- Coastal Architecture
- Ocean City Elementary School Rated A
- Boat Dock
- Deck
About This Home
Welcome to this beautifully updated 1-bedroom, 1-bathroom two-story condo in the highly sought-after community of Rusty Anchor, located directly on the Bay in Ocean City, MD. Whether you’re looking for your perfect vacation getaway or a cozy year-round home, this coastal retreat is the ideal place to unwind and enjoy all that this vibrant area has to offer. Step inside to find a bright and airy open living space with stunning views of the water from every angle. The spacious living room boasts a cozy fireplace, perfect for chilly evenings, and a large sliding glass door leading to your private back deck. Picture yourself sipping your morning coffee or enjoying an evening cocktail while soaking in the breathtaking bay views. The deck is an inviting space to relax, with easy access to the community dock, where you’ll find room for your boat or jet ski, ideal for taking full advantage of the water right outside your door. The kitchen is simple yet functional, featuring bright white cabinetry, upgraded countertops, and stylish black knobs and fixtures. Whether you’re preparing a meal or just making a snack, this kitchen is ready to handle all your daily needs. For added convenience, there’s a stacked washer and dryer right in the unit, making laundry day a breeze. Upstairs, you’ll find the cozy bedroom, featuring a queen-sized bed and large windows outfitted with elegant plantation shutters, offering serene water views to wake up to every day. For extra versatility, this home includes a bonus bunk space with two twin beds and a wall-mounted TV, perfect for guests or as a quiet retreat for reading or relaxing. The second private deck upstairs has been fully replaced, offering even more space to enjoy the spectacular views and warm, coastal breezes. With ample parking spots available in the lot and its prime location in Ocean City, this home is perfect for those looking for both comfort and convenience. Just minutes away from shops, restaurants, and all that Ocean City has to offer, this property truly captures the essence of coastal living. Ready for the 2025 season and beyond, this beautiful Bayfront condo is calling your name. Schedule your showing today and start imagining yourself living the ultimate coastal lifestyle in Rusty Anchor!
Listing Agent
(443) 783-2687 anna.spann@cbmove.com Coldwell Banker Realty License #674115 Listed on: 04/04/2025
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,689
Year Built
- Built in 1980
Lot Details
- 5 Feet of Waterfront
- Home fronts navigable water
- Property is in excellent condition
HOA Fees
- $319 Monthly HOA Fees
Parking
- Parking Lot
Home Design
- Coastal Architecture
- Block Foundation
- Stick Built Home
Interior Spaces
- 624 Sq Ft Home
- Property has 2 Levels
- Ceiling Fan
- 1 Fireplace
- Combination Kitchen and Living
- Upgraded Countertops
- Laundry on main level
Bedrooms and Bathrooms
- 1 Bedroom
- Primary bedroom faces the bay
- 1 Full Bathroom
- Hydromassage or Jetted Bathtub
Outdoor Features
- Canoe or Kayak Water Access
- Property near a bay
- Waterski or Wakeboard
- Shared Waterfront
- Powered Boats Permitted
- Deck
Location
- Flood Risk
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 41
- Assessor Parcel Number 2410100429
Community Details
Overview
- Association fees include common area maintenance
- Rusty Anchor Community
- Property Manager
Recreation
- Boat Dock
Pet Policy
- Pets allowed on a case-by-case basis
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 | $2,681 | $239,567 | $0 | $0 |
| 2024 | $2,681 | $192,133 | $0 | $0 |
| 2023 | $2,034 | $144,700 | $72,300 | $72,400 |
| 2022 | $2,034 | $144,700 | $72,300 | $72,400 |
| 2021 | $2,045 | $144,700 | $72,300 | $72,400 |
| 2020 | $2,044 | $144,700 | $72,300 | $72,400 |
| 2019 | $2,024 | $142,300 | $0 | $0 |
| 2018 | $1,970 | $139,900 | $0 | $0 |
| 2017 | $1,942 | $137,500 | $0 | $0 |
| 2016 | -- | $133,267 | $0 | $0 |
| 2015 | $2,531 | $129,033 | $0 | $0 |
| 2014 | $2,531 | $124,800 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/10/2025 08/10/25 | Price Changed | $299,900 | -7.7% | $481 / Sq Ft |
| 06/25/2025 06/25/25 | Price Changed | $325,000 | -4.4% | $521 / Sq Ft |
| 06/20/2025 06/20/25 | Price Changed | $339,900 | -2.9% | $545 / Sq Ft |
| 04/04/2025 04/04/25 | For Sale | $349,900 | -- | $561 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $136,500 | None Available | |
| Deed | $242,500 | -- | |
| Deed | $61,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $70,000 | New Conventional | |
| Previous Owner | $194,000 | New Conventional | |
| Previous Owner | $54,900 | No Value Available |
Source: Bright MLS
MLS Number: MDWO2029804
APN: 10-100429
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