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705 Gulf Stream Dr, Ocean City, MD 21842

$230,000
: 2
BD
: 2
BA
: 1,200
SqFt

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Sold Price: $230,000
List Price: $250,000
Status: CLOSED
Days on Market: 13
Closing Date: Jan 09, 2026
MLS#: MDWO2035092
Subtype: Residential
Style: Modular Home
Year Built: 1989
Bedrooms: 2
Bathrooms: 2
Full Baths: 2
Living Area: 1,200
Lot Size: 3,485
Acres: 0.08
Subdivision: Montego Bay
Building Name: Montego Bay Civic Association
MLS Area Major: Bayside Interior (83)

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Property Description

Discover an exceptional investment opportunity in the coveted Montego Bay community, where the allure of bayside living meets the potential for lucrative returns. This charming manufactured home, built in 1989, offers 1,200 sq. ft. of space, featuring 3 bedrooms and 2 bathrooms, perfect for those seeking a serene retreat or a rental property. Nestled near the tranquil Assawoman Bay, this property boasts access to a wealth of community amenities, including outdoor pool, tennis courts, pickle ball and scenic jogging paths. The low association fees cover common area maintenance, ensuring a well-kept environment that enhances property value. This home presents a unique chance for investors to renovate and increase equity as it's priced below appraised value. The vibrant community atmosphere and proximity to water activities make it an attractive rental option, promising steady income potential. Don't miss out on this chance to invest in a lifestyle that combines relaxation with financial growth!

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Additional Information

Taxes: $190,000
HOA Fee: $396
Property Description: Modular Home
Zoning: TR
Heating: Forced Air
Air Conditioning: Central Air, Ceiling Fan(s)
Levels: One
Parking Features: Concrete Driveway
School District: Worcester County Public Schools