Residences at Park Place 5 Park Place Unit 702 Annapolis, MD 21401
Forest Villa NeighborhoodEstimated payment $4,986/month
Highlights
- Concierge
- 24-Hour Security
- Gourmet Kitchen
- Fitness Center
- Penthouse
- Open Floorplan
About This Home
Welcome to luxury condo living in the heart of downtown Annapolis. Set on the coveted penthouse level of The Residences at Park Place, this elegant 2-bed, 2-bath home overlooks the tranquil courtyard and fountain and offers a sunlit, generously sized floor plan. An open layout blends living and dining with a gourmet kitchen, creating a comfortable, functional main living area that’s perfect for everyday living and effortless entertaining. Beautiful hardwood floors, stainless steel appliances, and ample storage complete the interior, while large windows frame serene courtyard views.
Enjoy first-class building amenities and true lock-and-leave convenience. Park Place offers a 24-hour staffed front desk, secured lobby with controlled access, on-site concierge, fitness center, club room, library, and a party room with a billiard table. Step outside to the landscaped garden courtyard with outdoor kitchens and grills, plus a seasonal outdoor pool and hot tub. A private dog park and an active social committee enhance the community experience. The residence comes with two deeded parking spaces in the secure underground garage.
From this premier in-town location, you’re just blocks from City Dock, acclaimed restaurants, boutique shopping, and year-round waterfront events. Experience the historic charm of Annapolis combined with modern luxury and exceptional amenities at Park Place.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,525
Year Built
- Built in 2007
HOA Fees
- $1,032 Monthly HOA Fees
Parking
- 2 Subterranean Spaces
- Garage Door Opener
Home Design
- Penthouse
- Beaux Arts Architecture
- Entry on the 7th floor
- Cement Siding
- Masonry
Interior Spaces
- 1,335 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Bar
- Crown Molding
- Window Treatments
- Entrance Foyer
- Combination Dining and Living Room
- Carpet
Kitchen
- Gourmet Kitchen
- Gas Oven or Range
- Built-In Microwave
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Utilities
- Central Air
- Hot Water Heating System
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 020666790227059
Community Details
Overview
- Association fees include exterior building maintenance, management, pool(s), recreation facility, sewer, snow removal, trash, water
- Mid-Rise Condominium
- Park Place Community
- Park Place Subdivision
- Property Manager
Amenities
- Concierge
- Picnic Area
- Billiard Room
- Meeting Room
- Party Room
- Community Library
- Elevator
Recreation
Pet Policy
- Dogs and Cats Allowed
- Breed Restrictions
Security
- 24-Hour Security
- Front Desk in Lobby
- Resident Manager or Management On Site
Map
About Residences at Park Place
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,525 | $454,100 | $227,000 | $227,100 |
| 2024 | $6,525 | $454,100 | $227,000 | $227,100 |
| 2023 | $6,521 | $454,100 | $227,000 | $227,100 |
| 2022 | $6,398 | $454,100 | $227,000 | $227,100 |
| 2021 | $6,398 | $454,100 | $227,000 | $227,100 |
| 2020 | $6,403 | $454,100 | $227,000 | $227,100 |
| 2019 | $6,122 | $433,900 | $0 | $0 |
| 2018 | $5,755 | $413,700 | $0 | $0 |
| 2017 | $5,013 | $393,500 | $0 | $0 |
| 2016 | -- | $383,000 | $0 | $0 |
| 2015 | -- | $372,500 | $0 | $0 |
| 2014 | -- | $362,000 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2025 09/13/25 | For Sale | $640,000 | +38.4% | $479 / Sq Ft |
| 08/10/2020 08/10/20 | Sold | $462,500 | -10.2% | $386 / Sq Ft |
| 06/28/2020 06/28/20 | Pending | -- | -- | -- |
| 02/05/2020 02/05/20 | Price Changed | $515,000 | -1.9% | $430 / Sq Ft |
| 10/30/2019 10/30/19 | Price Changed | $525,000 | -4.4% | $439 / Sq Ft |
| 08/09/2019 08/09/19 | Price Changed | $549,000 | -2.8% | $459 / Sq Ft |
| 04/21/2019 04/21/19 | For Sale | $565,000 | 0.0% | $472 / Sq Ft |
| 11/06/2015 11/06/15 | Rented | $2,950 | +5.4% | -- |
| 11/06/2015 11/06/15 | Under Contract | -- | -- | -- |
| 09/10/2015 09/10/15 | For Rent | $2,800 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $462,500 | Universal Title | |
| Deed | $500,000 | -- |
Source: Bright MLS
MLS Number: MDAA2126130
APN: 06-667-90227059
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