For SaleRisky Deal7 days on market
8800 Coastal Hwy Unit 809
8800 Coastal Hwy Unit 809, Ocean City, MD 21842, Ocean City, MD 21842
$465,000
Estimate®:$445,000
Listing Price
8800 Coastal Hwy Unit 809, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
7
Tax Assessed
$478k
Estimate®
$445k
Market Rate
Rent Estimate
$1,966/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
8.4 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
Condominium1974Forced Air, ElectricOther, ElectricPaved, Off Street, Parking Lot$2,420 quarterly7 Days$380
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.55%
Total ROI
14.3%
Cash Flow
$-1,424/mo
DSCR
0.41
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,424/mo net cash flow with a 2.5% 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 |
|---|---|---|---|
| 2026-09-18 | Listed for sale | $465,000 | $380 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,866.01 | $428,300 |
| 2024 | $5,303.08 | $378,900 |
| 2023 | $4,644.63 | $329,500 |
| 2022 | $4,466.08 | $329,500 |
| 2021 | $4,297.58 | $304,167 |
| 2020 | $4,118.6 | $291,500 |
| 2019 | $3,850.51 | $291,500 |
| 2018 | $3,529.14 | $249,833 |
| 2017 | $3,233.48 | $229,000 |
| 2016 | $4,130.64 | $229,000 |
| 2015 | $4,130.64 | $229,000 |
| 2014 | $4,130.64 | $279,300 |
| 2013 | $0 | $279,300 |
| 2012 | $0 | $279,300 |
| 2011 | $0 | $344,220 |
| 2010 | $0 | $344,220 |
| 2009 | $0 | $344,220 |
| 2008 | $0 | $356,470 |
| 2007 | $0 | $316,862 |
| 2006 | $0 | $277,256 |
| 2005 | $0 | $237,650 |
| 2004 | $0 | $195,432 |
| 2003 | $0 | $153,216 |
| 2002 | $0 | $111,000 |
| 2001 | $0 | $106,666 |
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