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48409 SMITH DR Ridge, MD 20680
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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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Bought with Z Ira Jenkins • Home Towne Real Estate