Off MarketRisky Deal1 days on market
11000 Coastal Hwy Unit 1511
11000 Coastal Hwy Unit 1511, Ocean City, MD 21842, Ocean City, MD 21842
$849,900
Estimate®:$724,500
Listing Price
11000 Coastal Hwy Unit 1511, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
1
Tax Assessed
$566k
Estimate®
$725k
Market Rate
Rent Estimate
$2,347/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
10
Ocean City Elementary School
PK-4
5.6 mi away
10
Stephen Decatur Middle School
7-8
9.2 mi away
7
Stephen Decatur High School
9-12
9 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
high-risecondominiummodernmulti-familybalconiescoastaloceanfrontlarge scalestuccocommercial-styleresortarchitecturalurban
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
1.53%
Total ROI
-7.8%
Cash Flow
$-3,324/mo
DSCR
0.25
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-3,324/mo net cash flow with a 1.5% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Ocean City, MD
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2015-06-13 | Sold | $415,000 | $289 |
| 2015-04-30 | Price change | $450,000 | $314 |
| 2015-04-17 | Listed for sale | $495,000 | $345 |
| 2015-01-01 | Sold | $159,500 | $111 |
| 2013-08-01 | Sold | $369,500 | $258 |
| 2013-06-28 | Sold | $259,000 | $181 |
| 2002-10-08 | Sold | $382,500 | $267 |
| 1999-03-04 | Sold | $159,500 | $111 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $7,135.62 | $521,000 |
| 2024 | $6,656.5 | $475,600 |
| 2023 | $6,064.1 | $430,200 |
| 2022 | $6,050.47 | $430,200 |
| 2021 | $6,050.98 | $428,267 |
| 2020 | $6,037.32 | $427,300 |
| 2019 | $5,684.24 | $427,300 |
| 2018 | $5,252.51 | $371,833 |
| 2017 | $4,858.69 | $344,100 |
| 2016 | $5,644.2 | $344,100 |
| 2015 | $5,644.2 | $344,100 |
| 2014 | $5,644.2 | $351,300 |
| 2013 | $0 | $351,300 |
| 2012 | $0 | $351,300 |
| 2011 | $0 | $470,350 |
| 2010 | $0 | $470,350 |
| 2009 | $0 | $470,350 |
| 2008 | $0 | $587,940 |
| 2007 | $0 | $500,942 |
| 2006 | $0 | $413,946 |
| 2005 | $0 | $326,950 |
| 2004 | $0 | $269,132 |
| 2003 | $0 | $211,316 |
| 2002 | $0 | $153,500 |
| 2001 | $0 | $148,332 |
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