5405 COASTAL HIGHWAY #307
Ocean City, MD 21842
2 Beds · 2 Baths · 1,023 SF · Assigned, Private, Parking Lot
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2-bedroom condo with 2 baths, 1,023 sq ft and assigned, private, parking lot.
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5405 COASTAL HIGHWAY
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Ocean City, MD
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3 comparable condos selected using property, cost, building and location factors.
5405 COASTAL HIGHWAY 207
Ocean City, MD
2 Beds · 2 Baths · 1,023 SF
Condo fee: $2,033/quarter
Same building · 2BR/2BA · 7% price difference
5405 COASTAL - SUNSET BAY 406
Ocean City, MD
2 Beds · 2 Baths · 1,076 SF
Condo fee: $677/mo
2BR/2BA · 5% price difference · similar size
5401 COASTAL HIGHWAY 1040A
Ocean City, MD
2 Beds · 2 Baths · 1,245 SF
Condo fee: $1,600/quarter
2BR/2BA · 0.03 mi away
Lower price than comparable condos
$399,000 vs $430,300 average
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What does $399,000 buy you in Ocean City these days? That's actually a pretty good question. In this case (at Sunset Bay #307), it gets you a fully furnished, updated 2-bedroom, 2-bath condo in a bayfront Midtown community with an elevator, pool, fitness center, waterfront access, on-site parking, an oversized private balcony, and a location where leaving the car parked for your entire stay is actually realistic. That's a lot of Ocean City for under $400K. Located bayside at 54th Street, Sunset Bay sits in one of those Midtown locations that becomes more convenient the longer you own here. The beach is only a few minutes away, Route 90 makes getting on and off the island considerably easier, and you're surrounded by restaurants, entertainment, shopping, watersports, and plenty of reasons to leave the car exactly where you parked it. Inside, #307 has already received the updates most buyers are looking for. Wood-style LVP flooring runs throughout, while the kitchen features granite countertops and a tiled backsplash. The interior was professionally designed to feel cohesive and comfortable without becoming overly "beachy" (you know exactly what we're talking about), and the condo is being sold fully furnished. Then there's the balcony. It's oversized, private, and most importantly, actually useful. There's enough room to sit outside, spread out, have dinner, read a book, or enjoy a drink after the beach without rearranging furniture every time someone needs to walk past. Sometimes square footage outside the condo is almost as important as the square footage inside. Sunset Bay adds quite a bit to the equation. The bayfront community offers an outdoor pool and spa, fitness center, elevators, and a shared waterfront dock where owners and guests can launch kayaks or paddleboards, or spend some time crabbing. It's a nice reminder that even when you're not looking directly at the bay from your condo, you're still buying into a community that sits directly on it. And 54th Street might be one of the better case-studies for 'why to buy in Midtown Ocean City'. Walk to the beach. Walk to Fager's Island, Bad Monkey, Alley Oops, Seacrets, and plenty of other restaurants and entertainment nearby. The Convention Center and Jolly Roger aren't far away either, while the Route 90 Bridge gives you one of the most convenient entry and exit points in Ocean City. #307 has previously been rented and has everything you'd expect from a property capable of returning to a vacation-rental program: two bedrooms, two full baths, a furnished and updated interior, usable outdoor space, a pool, elevator, on-site parking, beach access nearby, and a location surrounded by things vacationers already want to do. So let's go back to the original question......What does $399,000 buy you in Ocean City? In this case, it's a LOT MORE than you might expect. An updated and fully furnished 2-bedroom condo. An established bayfront community. Pool. Fitness center. Waterfront access. Elevator. Oversized balcony. On-site parking. A walkable Midtown location. The beach nearby. And legitimate rental potential if that's part of your plan. It's the combination that makes this property so appealing.
Attribution. Keller Williams Realty Delmarva · — · Updated 2026-09-17
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