Ridge, MD 20680,48409 SMITH DR
Ridge, MD 20680,48409 SMITH DR
Ridge, MD 20680,48409 SMITH DR
56
$450,000
$510,000
11.8%
Est.Price: ?

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1 BD
1 BA
1,688 SqFt

48409 SMITH DR Ridge, MD 20680

Est. payment /mo
SOLD DATE : 10/31/2024

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Key Details

Sold Price $450,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,688 sqft

Price per Sqft $266

Subdivision Smith Sub

MLS Listing ID MDSM2020496

Sold Date 10/31/24

Style Cape Cod

Bedrooms 1

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 1,688

Originating Board BRIGHT

Year Built 1969

Annual Tax Amount $6,864

Tax Year 2024

Lot Size 1.100 Acres

Acres 1.1

Property Description

Price reduction of $25,000! Waterfront on Jutland Creek off the Potomac River. Serene one-acre property current operated as a small commercial marina with deep water piers in a protected cove. Awesome views. This property has potential in several directions. Since the 1970s, the property has been continuously operated as a marina, currently BluHaven Piers, originally Misty Cove Marina. Be an owner-operator and live in the main marina building on the property. Or renovate/convert the main building into a primary or secondary residence and apply to rezone the property as residential, which may be a more valuable long-term option.
Property includes a main building serving as the marina reception, with an upstairs office, a garage, and showers and bathrooms for marina slip holders. There are several small out-buildings for storage or a workshop. There are about 50 boat slips on three piers, one of which is covered. Approximately 7 feet water depth at the end of the piers. Electricity and water provided to many of the boat slips. This beautiful property is in search of a caring owner with vision and is priced accordingly.
The absentee owner has retired and put the marina into a self-service mode, awaiting a new owner. No marketing has been done since before the pandemic. Since the summer of 2023, several improvements have been made, including removing a few abandoned boats from the yard and repairing one of the small storage buildings. As an ongoing business, the marina breaks even on an operational basis before any personnel costs. Slip fees currently cover insurance, property taxes, electricity, waste removal, telephone, web site, and minor maintenance. Property is sold strictly “as is”.

Location

State MD

County Saint Marys

Zoning COMMERCIAL

Rooms

Other Rooms Hobby Room

Interior

Hot Water Electric

Heating Wall Unit

Cooling Ductless/Mini-Split, Window Unit(s)

Heat Source Electric

Exterior

Water Access Y

Water Access Desc Private Access,Boat - Powered

View Creek/Stream, Marina

Accessibility None

Garage N

Building

Story 2

Foundation Crawl Space

Sewer Septic Exists

Water Well

Architectural Style Cape Cod

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District St. Mary'S County Public Schools

Others

Senior Community No

Tax ID 1901010980

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Lisa Dawn Wood • O'Brien Realty ERA Powered
Bought with Z Ira Jenkins • Home Towne Real Estate

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Joanna Dieter

Agent | License ID: 665620

+1(410) 949-6855

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