NOT LISTED FOR SALE

5717 Waterside Dr Berlin, MD 21811

Estimated Value: $2,254,354 - $2,757,000

5 Beds
4.5 Baths
6,058 Sq Ft
$415/Sq Ft Est. Value

Sale Details

Date Sold: March 25, 2020

Last sale price $2,700,000 $446 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $14,706 / mo

4 Days on Market

Highlights

  • 1,500 Feet of Waterfront
  • Primary bedroom faces the bay
  • Parking available for a boat
  • Ocean City Elementary School Rated A
  • Boat or Launch Ramp
  • Private Beach

About This Home

As of March 2020

Presenting Island Point Manor, an extraordinary Waterfront Estate on Maryland's Eastern Shore. Would you like to own something breathtaking and unequaled, something no one else has? Island Point offers an unprecedented combination of features: this solid-brick fortress is surrounded by an exceptional length of high-bank waterfrontage, incredible breadth of panoramic views, and offers a large private harbor. You won't find anything else quite like it in our Coastal Area. Three Bays--Chincoteague, Sinepuxent and Newport--converge in an embrace of this geological Cape. Resting at the very southern tip of South Point in Berlin, MD, the property boasts 270 degrees of waterviews. Assateague Island National Seashore tapers off as far as the eye can see into the horizon. The far-reaching view of open water extends, on a clear day, to a glimpse of the distant sea. Prepare yourself for incredible views from dawn to dusk, as the sun tracks across the southern sky, a sight perceivable from all sides of the property. Upon this incredible Point, sits a 6058 Sq. ft home, full of historic charm. From the moment you step into the foyer and see the curved, classical staircase, the home's timeless elegance will become apparent. Fully renovated to the studs in 1999, the house is big and hospitable, winged on one side by a spacious living room and on the other by a summer dining room. Nearly every space in the home offers a view of the bay. The property features four fireplaces throughout. The 12-acre property is composed of three distinct parcels. It is surrounded by an adventurous body of water, with dozens of small islands to explore, opportunities for clamming, crabbing, kayaking, windsurfing, sailing, fishing, and excursions to Assateague and Chincoteague Seashores. The home is bordered by an astounding 1500 ft of protected shoreline, including a large marina and 200 ft white sandy beach. A 230 ft pier extends southward into the bay with multiple mooring slips. The area is teaming with life, hosting an abundance of waterfowl, herons, eagles, osprey and a flourishing ecosystem of marine life. Originally part of a 2000-acre farm, Island Point Manor has a rich and curious past. It's been told that in the 16th century an Italian navigator Giovanni da Verrazano landed on this very spot (thus the name for the Bridge leading over to Assateague Island). The home was built by a United States Congressman and been host to countless Dignitaries, Ambassadors and the Queen of Egypt . The Estate is ideally located within a four-hour drive of several major metropolitan areas including DC, Baltimore, Norfolk, Philadelphia and New York. Island Point is just a few miles away from Ocean City, MD. Included in the sale are two additional buildable waterfront lots. This is your once in a lifetime opportunity to own this remarkable waterfront estate below appraised value.

Last Agent to Sell the Property

Jay Phillips

(410) 524-7700 jmilko@holidayoc.com Holiday Real Estate Listed on: 01/09/2020

Last Buyer's Agent

Grant Fritschle

(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #RA0020779

Keller Williams Realty Delmarva

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,085

Year Built

  • Built in 1941

Lot Details

  • 11.98 Acre Lot
  • 1,500 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Private Beach
  • Sandy Beach
  • Property is Fully Fenced
  • Extensive Hardscape
  • Private Lot
  • Cleared Lot
  • Three parcels total, including tax ids 10-324394, 1-324416

Property Views

  • Bay
  • Panoramic

Home Design

  • Manor Architecture
  • Georgian Architecture
  • Brick Exterior Construction

Interior Spaces

  • 6,058 Sq Ft Home
  • Property has 2 Levels
  • Curved or Spiral Staircase
  • Recessed Lighting
  • 4 Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • Primary bedroom faces the bay
  • Walk-In Closet

Parking

  • 10 Open Parking Spaces
  • Private Parking
  • Driveway
  • Parking available for a boat

Outdoor Features

  • In Ground Pool
  • Water Access
  • Property near a bay
  • Rip-Rap
  • Boat or Launch Ramp
  • Deck
  • Patio
  • Porch

Location

  • Flood Risk

Schools

  • Stephen Decatur High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Heat Pump System
  • Water Treatment System
  • Private Water Source
  • Septic Tank
  • Community Sewer or Septic

Community Details

  • No Home Owners Association
  • South Point Farms Subdivision

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 10-324408

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,085

Year Built

Built in 1941

Lot Details

11.98 Acres

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Georgian, Manor
  • Ownership: Fee Simple
  • Exclusions: Hot Tub, Anchor, Furnishings and Art
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Ceramic Tile, Hardwood
  • Interior Amenities: Primary Bedroom - Bay Front, Curved Staircase, Recessed Lighting, Walk-In Closet(s), Water Treat System, Stove - Wood
  • Fireplace Features: Wood
  • Fireplaces Count: 4
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 6058
  • Living Area Sq Ft: 6058
  • Price Per Sq Ft: 453.95
  • Above Grade Finished Sq Ft: 6058
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 5.00
  • Main Level Full Bathrooms: 4
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Extensive Hardscape, Private Beach, Boat Storage
  • Pool Features: In Ground
  • View: Bay, Panoramic
  • Water Access: Yes
  • Water Body Name: Newport Bay, Sinepuxant Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: Yes
  • Water Frontage In Feet: 1500

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 10
  • Parking Features: Asphalt Driveway, Private
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Community Septic Tank, Private Septic Tank
  • Water Source: Private/Community Water

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: STEPHEN DECATUR

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: Three parcels total, including tax ids 10-324394, 1-324416
  • Fencing: Fully
  • Lot Features: Cleared, Private, Rip-Rapped
  • Lot Size Acres: 11.98
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 521848.80
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es)
  • Zoning: R-1
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5424739
  • Tax Annual Amount: 9085.00
  • Assessor Parcel Number: 10-324408
  • Tax Lot: 13
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Waterfront Features: Boat/Launch Ramp, Rip-Rap, Sandy Beach

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2020
Closed on
Mar 25, 2020
Sold by
Bought by
Seller's Agent
Jay Phillips
Holiday Real Estate
Buyer's Agent
Grant Fritschle
Keller Williams Realty Delmarva
List Price
$2,750,000
Sold Price
$2,700,000
Premium/Discount to List
-$50,000
-1.82%
Current Estimated Value
$2,516,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$183,549
Avg. Annual Appreciation
-1.11%

Purchase Details

Closed on
Apr 8, 2019
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 21, 2001
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,700,000 Ocean Investments Title Corp
-- None Available
$3,000,000 --
-- --
$133,333 --
$133,333 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/25/2020 03/25/20 Sold $2,700,000 -1.8% $446 / Sq Ft
01/13/2020 01/13/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $2,750,000 -- $454 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,312 $1,544,200 $746,900 $797,300
2024 $12,904 $1,348,067 $0 $0
2023 $11,035 $1,151,933 $0 $0
2022 $9,167 $955,800 $546,900 $408,900
2021 $9,186 $953,633 $0 $0
2020 $9,166 $951,467 $0 $0
2019 $9,105 $949,300 $546,900 $402,400
2018 $8,745 $921,167 $0 $0
2017 $8,251 $893,033 $0 $0
2016 -- $864,900 $0 $0
2015 $7,396 $864,900 $0 $0
2014 $7,396 $864,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO111208

Bright MLS

APN: 10-324408

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