Ocean City condos, generally speaking, are priced according to their location, size and condition at what the Market will support.  Oceanfront condos are more expensive vs Bayside condos, 3BR are generally more than 1BR, etc..  as you might guess.  

Ocean City MD real estate is divided into 5 (five) numbered areas which are defined for the most part as follows:

 

80=Oceanfront…Located East of Coastal Highway or Philadelphia Avenue and located directly on the Ocean with a clear view of the ocean facing east toward the beach.  Located at the first lot on the oceanfront

81=Oceanview…  Not oceanfront, has a good view of the ocean.  East of coastal  highway or Philadelphia Avenue. 

82=Oceanblock..located east of Coastal Highway or Philadelphia Avenue , but not oceanfront or oceanview.  They may have a peak of the ocean from the balcony or side window.   Within 1 block from the beach.

84=Bayside water…Located west of coastal highway, and is located on the Bay or on a water canal.  May have bay view with docking access or may have wetland view.  Canal access may have docking access and is located on a canal

85=Bayside Block-located west of coastal highway, but not located on the bay, wetland, or canal.   Completed surrounded by land.

  

The other designation-West Ocean City is located west of the Rt. 50 Bridge.

Can I get a mortgage in any condominium building?

Mortgages for condominiums can be a more involved process than obtaining a primary mortgage. There are some condo buildings in Ocean City that may be more difficult for new owners to obtain a mortgage due to various circumstances that the lenders consider.  Ask your agent for details.

How do I know if there is a good condo association?

The State of Maryland protects the Buyer by the Condominium Resale law requiring that the Buyer review all condo documents before settlement. Seller must present the Buyer with the "resale condominium package", after the contract has been approved by both Buyer and Seller.  This will contain information about the condo association and its finances.  Buyers will have a 7 (seven) day review period beginning at the time of receipt.  Maryland law stipulates that the Buyer can cancel the contract for any reason during that time.

Is all the condo furniture included in the sale?

Most condominiums in Ocean City are sold "turn-key” – with all furniture, decorations, TV’s, kitchen appliances and utensils, window treatments, etc. included.  However, it does depend on the particular property so exclusions are possible. Conveying furnished is the normal procedure.

Can I rent my condo later if I want?