NOT LISTED FOR SALE

523 Broadwater Way Gibson Island, MD 21056

Estimated Value: $3,246,000 - $4,718,000

3 Beds
3.5 Baths
3,909 Sq Ft
$1,080/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $4,597,500 $1,176 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $26,755/month

24 Days on Market

Highlights

  • 119 Feet of Waterfront
  • Beach
  • 24-Hour Security
  • Primary bedroom faces the bay
  • Pier or Dock
  • New Construction

About This Home

As of June 2024

Nestled on Gibson Island overlooking the Chesapeake Bay and the Gibson Island Golf course is a simply
exquisite, turnkey, white shingle cottage. Completely rebuilt in 2020, this extraordinary three bedroom,
three bath, two half-bath property offers an enchanting nod to many of its original features. Inspired by
the original 1925 cottage, the custom house is built with meticulous attention to detail using only the
finest materials and top-of-the-line craftsmanship.
Glorious sunrises from virtually every room rise over continuous honey-colored quarter-sawn oak floors.
The magnificent eat-in gourmet kitchen will delight any serious chef. Relax by the fire in the large,
beamed Great Room overlooking the Chesapeake Bay. The Great Room’s eastern wall opens completely
to the large Ipe deck where spectacular views and the gentle break of the waves are enjoyed. The
screened porch off the Great Room offers plenty of space, cool breezes, and more spectacular water
views. A stunning ensuite bedroom/office is located on the main level.
Upstairs is a primary suite with jaw dropping views of the Bay, another spectacular ensuite bedroom,
and a thoughtfully designed laundry room. A matching auxiliary building on the property can
accommodate multiple cars, offering a two-door bay, a one-door bay, a fabulous potting room, a second half bath in addition to the one in the main house, and two sinks.
Sitting up high from the Chesapeake Bay and back from the road with golf course views, the house has a
basement, is equipped with a whole house generator and an outdoor shower and has
geothermal heat. This very special property is a five-minute stroll to the Gibson Island Club.

Information on Gibson Island:

Gibson Island is a private island within one hour of Washington, D.C. and Baltimore offering an absolutely extraordinary setting. The Island comprises 1000 acres with seven miles of shoreline. Two thirds of the Island is undeveloped and is owned by the Gibson Island Corporation, the homeowners' association. The remaining third is residential home sites.

Gibson Island is located on the western shore of Maryland, so there is no need to cross the Bay Bridge. On the Island is a 43-acre spring fed freshwater lake in which one may enjoy non-motorized watercraft activities such as paddleboarding, canoeing, kayaking, fishing and swimming.

The Island offers enormous privacy and security--there is an entry gatehouse staffed 24+Hours and the Island is patrolled by the Gibson Island Police Force (GIPD). The Gibson Island Corporation Service Department offers yard maintenance and landscaping and other services for homeowners. There is a full-service yacht yard. From the Island, it is just a 20-minute drive to BWI Airport and the neighboring Amtrak train station.

The Island houses a private country club (membership by invitation) offering yachting, fine dining year-round, tennis, an award-winning Charles Blair Macdonald designed 9-hole golf course, swimming, croquet, skeet shooting, and more. (C)

Last Agent to Sell the Property

Sarah Kanne

(301) 351-1319 sarahkanne@gibsonisland.com Gibson Island Real Estate INC License #651972 Listed on: 03/28/2024

Last Buyer's Agent

Nina Tracey

(410) 303-6458 NinaBoykinTracey@gmail.com Hubble Bisbee Christie's International Real Estate License #0225264160

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,368

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 0.77 Acre Lot
  • 119 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Landscaped
  • Premium Lot
  • Level Lot
  • Sprinkler System
  • Wooded Lot
  • Front and Side Yard
  • Property is in excellent condition
  • Property is zoned R1

HOA Fees

  • $925 Monthly HOA Fees

Parking

  • 3 Car Detached Garage
  • 3 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener
  • Gravel Driveway

Property Views

  • Bay
  • Panoramic
  • Golf Course
  • Scenic Vista
  • Woods
  • Garden

Home Design

  • Cottage
  • Slab Foundation
  • Poured Concrete
  • Wood Walls
  • Shake Roof
  • Shingle Roof
  • Metal Roof
  • Shingle Siding
  • Shake Siding
  • Cedar

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Wet Bar
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Paneling
  • Wainscoting
  • Beamed Ceilings
  • Wood Ceilings
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Stone Fireplace
  • Fireplace Mantel
  • Brick Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Double Hung Windows
  • Bay Window
  • Transom Windows
  • Wood Frame Window
  • Casement Windows
  • Window Screens
  • Double Door Entry
  • French Doors
  • Great Room
  • Combination Kitchen and Dining Room
  • Screened Porch
  • Utility Room
  • Attic

Kitchen

  • Eat-In Gourmet Kitchen
  • Double Self-Cleaning Oven
  • Gas Oven or Range
  • Commercial Range
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Solid Hardwood
  • Concrete
  • Tile or Brick
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Dual Flush Toilets
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Electric Front Loading Dryer
  • Washer

Partially Finished Basement

  • Partial Basement
  • Connecting Stairway
  • Interior Basement Entry
  • Drain
  • Space For Rooms
  • Crawl Space
  • Basement Windows

Home Security

  • Security Gate
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • Halls are 36 inches wide or more
  • Garage doors are at least 85 inches wide
  • Doors are 32 inches wide or more

Eco-Friendly Details

  • Energy-Efficient Windows
  • Air Cleaner

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property near a bay
  • Rip-Rap
  • Lake Privileges
  • Deck
  • Screened Patio
  • Exterior Lighting
  • Outbuilding
  • Outdoor Grill
  • Rain Gutters

Schools

  • Bodkin Elementary School
  • Chesapeake Bay Middle School
  • Chesapeake High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Air Filtration System
  • Humidifier
  • Vented Exhaust Fan
  • Geothermal Heating and Cooling
  • Programmable Thermostat
  • Underground Utilities
  • 120/240V
  • Propane
  • Tankless Water Heater
  • On Site Septic
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 292
  • Assessor Parcel Number 020335033944900

Community Details

Overview

  • Association fees include common area maintenance, security gate, trash
  • Gibson Island Corporation HOA
  • Built by Delbert Adams, Baltimore
  • Gibson Island Subdivision
  • Community Lake

Amenities

  • Picnic Area
  • Common Area

Recreation

  • Pier or Dock
  • Beach
  • Recreational Area
  • Jogging Path

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,368

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$925 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Accessibility Features: >84" Garage Door, 32"+ Wide Doors, 36"+ Wide Halls
  • Ownership: Fee Simple
  • Exclusions: Main Level - Half Bath: the beaded overhead light does not convey. Main Level- Bedroom 3/Office: mounted wall shelving does not convey. Second Level - Primary Bath: mirrors over vanity do not convey.
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Remarks Public: Nestled on Gibson Island overlooking the Chesapeake Bay and the Gibson Island Golf course is a simply exquisite, turnkey, white shingle cottage. Completely rebuilt in 2020, this extraordinary three bedroom, three bath, two half-bath property offers an enchanting nod to many of its original features. Inspired by the original 1925 cottage, the custom house is built with meticulous attention to detail using only the finest materials and top-of-the-line craftsmanship. Glorious sunrises from virtually every room rise over continuous honey-colored quarter-sawn oak floors. The magnificent eat-in gourmet kitchen will delight any serious chef. Relax by the fire in the large, beamed Great Room overlooking the Chesapeake Bay. The Great Room’s eastern wall opens completely to the large Ipe deck where spectacular views and the gentle break of the waves are enjoyed. The screened porch off the Great Room offers plenty of space, cool breezes, and more spectacular water views. A stunning ensuite bedroom/office is located on the main level. Upstairs is a primary suite with jaw dropping views of the Bay, another spectacular ensuite bedroom, and a thoughtfully designed laundry room. A matching auxiliary building on the property can accommodate multiple cars, offering a two-door bay, a one-door bay, a fabulous potting room, a second half bath in addition to the one in the main house, and two sinks. Sitting up high from the Chesapeake Bay and back from the road with golf course views, the house has a basement, is equipped with a whole house generator and an outdoor shower and has geothermal heat. This very special property is a five-minute stroll to the Gibson Island Club. Information on Gibson Island: Gibson Island is a private island within one hour of Washington, D.C. and Baltimore offering an absolutely extraordinary setting. The Island comprises 1000 acres with seven miles of shoreline. Two thirds of the Island is undeveloped and is owned by the Gibson Island Corporation, the homeowners' association. The remaining third is residential home sites. Gibson Island is located on the western shore of Maryland, so there is no need to cross the Bay Bridge. On the Island is a 43-acre spring fed freshwater lake in which one may enjoy non-motorized watercraft activities such as paddleboarding, canoeing, kayaking, fishing and swimming. The Island offers enormous privacy and security--there is an entry gatehouse staffed 24+Hours and the Island is patrolled by the Gibson Island Police Force (GIPD). The Gibson Island Corporation Service Department offers yard maintenance and landscaping and other services for homeowners. There is a full-service yacht yard. From the Island, it is just a 20-minute drive to BWI Airport and the neighboring Amtrak train station. The Island houses a private country club (membership by invitation) offering yachting, fine dining year-round, tennis, an award-winning Charles Blair Macdonald designed 9-hole golf course, swimming, croquet, skeet shooting, and more. (C)
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Appliances: Air Cleaner, Built-In Microwave, Dishwasher, Dryer - Front Loading, Exhaust Fan, Oven - Double, Range Hood, Refrigerator, Six Burner Stove, Washer, Oven/Range - Gas, Built-In Range, Freezer, Icemaker, Water Heater - Tankless, Stainless Steel Appliances, Oven - Self Cleaning, Commercial Range, Dryer - Electric, Dual Flush Toilets, Extra Refrigerator/Freezer, Humidifier, Surface Unit
  • Flooring Type: Solid Hardwood, Ceramic Tile, Tile/Brick, Concrete
  • Interior Amenities: Air Filter System, Ceiling Fan(s), Chair Railings, Combination Kitchen/Dining, Crown Moldings, Dining Area, Entry Level Bedroom, Exposed Beams, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Primary Bath(s), Primary Bedroom - Bay Front, Recessed Lighting, Soaking Tub, Sprinkler System, Stall Shower, Upgraded Countertops, Walk-In Closet(s), Wet/Dry Bar, Window Treatments, Wood Floors, Built-Ins, Wainscotting, Attic
  • Window Features: Bay/Bow, Transom, Casement, Screens, Double Pane, Double Hung, Energy Efficient, Insulated, Wood Frame
  • Fireplace Features: Wood, Brick, Mantel(s), Equipment, Stone
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French, Double Entry
  • Wall Ceiling Types: Beamed Ceilings, Tray Ceilings, Paneled Walls, Wood Ceilings, Wood Walls, 9'+ Ceilings, Dry Wall
  • Foundation Details: Slab, Crawl Space
  • Levels Count: 3
  • Room List: Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Basement, Foyer, Great Room, Laundry, Utility Room, Bathroom 2, Bathroom 3, Primary Bathroom, Half Bath, Screened Porch
  • Basement: Yes
  • Basement Type: Space For Rooms, Interior Access, Improved, Partially Finished, Partial, Poured Concrete, Connecting Stairway, Windows, Drain
  • Laundry Type: Upper Floor, Has Laundry
  • Total Sq Ft: 3909
  • Living Area Sq Ft: 3909
  • Price Per Sq Ft: 1474.93
  • Above Grade Finished Sq Ft: 3251
  • Below Grade Finished Sq Ft: 658
  • Total Below Grade Sq Ft: 658
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 523

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Shake Siding, Shingle Siding, Cedar
  • Construction Completed: Yes
  • Exterior Features: Exterior Lighting, Outside Shower, Bbq Grill, Gutter System, Underground Lawn Sprinkler, Outbuilding(s), Sidewalks
  • Roof: Metal, Shake, Shingle
  • Spa: No
  • View: Bay, Garden/Lawn, Golf Course, Panoramic, Trees/Woods, Water, Scenic Vista
  • Water Access: No
  • Water Body Name: Chesapeake Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 119

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Gravel Driveway
  • Garage Features: Additional Storage Area, Oversized, Garage Door Opener, Garage - Front Entry
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Detached Garage, Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Geothermal, Electric
  • Cooling Type: Central A/C, Geothermal, Zoned, Programmable Thermostat
  • Electric Service: 120/240V
  • Heating Fuel: Geo-Thermal, Electric
  • Heating Type: Zoned, Central, Programmable Thermostat
  • Heating: Yes
  • Hot Water: Tankless
  • Security: Security Gate, Sprinkler System - Indoor, 24 Hour Security, Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: On Site Septic
  • Utilities: Water Available, Electric Available, Under Ground, Propane, Cable Tv Available
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Fiber Optic, Broadband

Condo/Co-op/Association

  • HOA Fees: 925.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Common Grounds, Gated Community, Jog/Walk Path, Lake, Non-Lake Recreational Area, Picnic Area, Security, Water/Lake Privileges, Pier/Dock
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Security Gate, Trash
  • HOA Name: GIBSON ISLAND CORPORATION
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • Elementary School: BODKIN
  • Middle School: CHESAPEAKE BAY
  • High School: CHESAPEAKE
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121140671932
  • School District Source: Listing Agent
  • Elementary School: BODKIN
  • High School: CHESAPEAKE
  • Middle Or Junior School: CHESAPEAKE BAY

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Features: Front Yard, Landscaping, Premium, Sideyard(s), Trees/Wooded, Level, Rip-Rapped
  • Lot Size Acres: 0.77
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 33600.00
  • Outdoor Living Structures: Deck(s), Screened, Porch(es), Enclosed, Brick
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: R1
  • In City Limits: No

Building Info

  • Builder Name: Delbert Adams, Baltimore

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 38368.28
  • Assessor Parcel Number: 020335033944900
  • Tax Lot: 292
  • Tax Total Finished Sq Ft: 2789
  • Tax Year: 2024
  • Close Date: 06/14/2024

Multi Family

  • Waterfront Features: Rip-Rap

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2024
Sold by
Gammie James
Bought by
Metolius Llc
Current Estimated Value
$4,222,728

Purchase Details

Listed on
Mar 28, 2024
Closed on
Jun 14, 2024
Sold by
Rand Amy Petronis
Bought by
Gammie James and Fraker Ann E
Seller's Agent
Sarah Kanne
Gibson Island Real Estate INC
Buyer's Agent
Nina Tracey
Hubble Bisbee Christie's International Real Estate
List Price
$4,795,000
Sold Price
$4,597,500
Premium/Discount to List
-$197,500
-4.12%
Views
64

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.33%

Purchase Details

Listed on
Mar 7, 2016
Closed on
Aug 2, 2016
Sold by
Worthington Joseph M
Bought by
Rand Amy Petronis
Seller's Agent
Corey Burr
TTR Sotheby's International Realty
Buyer's Agent
Sarah Kanne
TTR Sotheby's International Realty
List Price
$1,795,000
Sold Price
$1,700,000
Premium/Discount to List
-$95,000
-5.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.48%

Purchase Details

Closed on
Jun 23, 2009
Sold by
Worthington Joseph M
Bought by
Joseph M Worthington Revoc Trust
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Metolius Llc -- None Listed On Document
Gammie James -- None Listed On Document
Metolius Llc -- None Listed On Document
Gammie James $4,597,500 Eagle Title
Gammie James $4,597,500 Eagle Title
Rand Amy Petronis $1,700,000 First American Title Ins Co
Joseph M Worthington Revoc Trust -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2024 06/14/24 Sold $4,597,500 -4.1% $1,176 / Sq Ft
04/21/2024 04/21/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $4,795,000 +182.1% $1,227 / Sq Ft
08/02/2016 08/02/16 Sold $1,700,000 -5.3% $810 / Sq Ft View Prior Sale
06/02/2016 06/02/16 Pending -- -- --
03/07/2016 03/07/16 For Sale $1,795,000 -- $855 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $40,245 $3,059,533 -- --
2024 $40,245 $2,975,800 $2,447,500 $528,300
2023 $29,475 $2,843,367 $0 $0
2022 $34,553 $2,710,933 $0 $0
2021 $67,173 $2,578,500 $2,147,500 $431,000
2020 $33,610 $2,578,500 $2,147,500 $431,000
2019 $29,533 $2,263,133 $0 $0
2018 $22,946 $2,262,900 $2,147,500 $115,400
2017 $28,894 $2,262,900 $0 $0
2016 -- $2,262,900 $0 $0
2015 -- $2,298,600 $0 $0
2014 -- $2,298,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA2072662

Bright MLS

APN: 03-350-33944900