For SaleRisky Deal5 days on market
8500 Coastal Hwy #307
8500 Coastal Hwy #307, Ocean City, MD 21842, Ocean City, MD 21842
$429,000
Estimate®:$413,400
Listing Price
8500 Coastal Hwy #307, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
5
Tax Assessed
$347k
Estimate®
$413k
Market Rate
Rent Estimate
$1,954/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
4.8 mi away
10
Stephen Decatur Middle School
7-8
8.6 mi away
7
Stephen Decatur High School
9-12
8.3 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-risecondominiumoceanfrontcoastalmodernbalconiesswimming poolconcretebeachsidemulti-storyvacation rentalstucco
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.04%
Total ROI
24.9%
Cash Flow
$-1,140/mo
DSCR
0.49
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,140/mo net cash flow with a 3.0% 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 |
|---|---|---|---|
| 2026-09-19 | Listed for sale | $429,000 | $421 |
| 2025-07-01 | Listing removed | $475,000 | $466 |
| 2024-09-02 | Listed for sale | $475,000 | $466 |
| 2024-08-14 | Listing removed | $495,000 | $485 |
| 2024-05-30 | Price change | $495,000 | $485 |
| 2024-04-05 | Listed for sale | $499,900 | $490 |
| 2024-03-20 | Listing removed | $0 | – |
| 2024-02-01 | Price change | $520,000 | $510 |
| 2023-12-31 | Listed for sale | $530,000 | $520 |
| 2023-03-08 | Listing removed | $0 | – |
| 2023-02-09 | Price change | $579,000 | $568 |
| 2023-01-16 | Listed for sale | $589,000 | $577 |
| 2018-10-30 | Sold | $270,000 | $265 |
| 2018-06-19 | Listing removed | $284,000 | $278 |
| 2018-02-05 | Price change | $284,000 | $278 |
| 2017-11-15 | Listed for sale | $289,000 | $283 |
| 1997-03-04 | Sold | $91,000 | $89 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,423.81 | $323,000 |
| 2024 | $4,187.6 | $299,200 |
| 2023 | $3,882.04 | $275,400 |
| 2022 | $3,882.04 | $275,400 |
| 2021 | $3,891.13 | $275,400 |
| 2020 | $3,891.13 | $275,400 |
| 2019 | $3,893.66 | $275,400 |
| 2018 | $3,842.27 | $272,000 |
| 2017 | $3,816.64 | $270,300 |
| 2016 | $3,600 | $270,300 |
| 2015 | $3,600 | $270,300 |
| 2014 | $3,600 | $270,300 |
| 2013 | $0 | $270,300 |
| 2012 | $0 | $270,300 |
| 2011 | $0 | $300,000 |
| 2010 | $0 | $300,000 |
| 2009 | $0 | $326,400 |
| 2008 | $0 | $411,060 |
| 2007 | $0 | $362,440 |
| 2006 | $0 | $313,820 |
| 2005 | $0 | $265,200 |
| 2004 | $0 | $212,800 |
| 2003 | $0 | $160,400 |
| 2002 | $0 | $108,000 |
| 2001 | $0 | $107,332 |
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