Rare opportunity to create a premier waterfront estate on the Magothy River. Situated on an exceptional waterfront lot, 353 South Drive offers endless possibilities for buyers seeking a custom waterfront lifestyle in one of Anne Arundel County's most desirable locations. The existing home is in need of significant renovation, making this an ideal opportunity to rehab, expand, or start fresh with a new custom residence. A variance has already been obtained allowing for expansion of the current footprint, including plans for a pool and pool house. Alternatively, buyers may choose to remove the existing structure and construct a larger home positioned farther back on the lot to maximize the property's potential. Unlike many waterfront redevelopment opportunities, several major improvements have already been completed, including a newer bulkhead and pier. Public water and sewer service further enhance the property's appeal and simplify future development plans. Whether you're a builder, investor, or end user searching for a one-of-a-kind waterfront homesite, this property offers a unique combination of location, flexibility, and upside potential. Bring your vision and create the waterfront retreat you've always imagined.
Sold for $999,000
$999,000
353 South Dr, Severna Park, MD 21146
3beds
2,185sqft
Single Family Residence
Built in 1940
0.93 Acres Lot
$999,200 Zestimate®
$457/sqft
$3,959 Estimated rent
Home value
$999,200
$939,000 - $1.06M
$3,959/mo
Zestimate® history
Owner options
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$6,097/mo
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$6,097/mo
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List your homeWhat's special
Exceptional waterfront lotNewer bulkhead and pier
Zillow last checked:
Listing updated:
Listed by:
Matt Wyble 410-562-2325,
Next Step Realty
Bought with:
Sandra K Libby, RA-0020752
Long & Foster Real Estate, Inc.
Source: Bright MLS,MLS#: MDAA2144010
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Basement
- Area: 1324
Heating
- Heat Pump, Electric
Cooling
- Other, Electric
Appliances
- Included: Electric Water Heater
- Laundry: Lower Level
Features
- Basement: Full,Exterior Entry,Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,648
- Total interior livable area: 2,185 sqft
- Finished area above ground: 1,324
- Finished area below ground: 861
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Has view: Yes
- View description: River
- Has water view: Yes
- Water view: River
- Waterfront features: River
- Body of water: Magothy River
- Frontage length: Water Frontage Ft: 84
Lot
- Size: 0.93 Acres
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 020352034391252
- Zoning: R5
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Coastal
- Property subtype: Single Family Residence
Materials
- Stick Built
- Foundation: Block
Condition
- Fixer
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available
Community & HOA
Community
- Subdivision: Magothy Beach
HOA
- Has HOA: No
Location
- Region: Severna Park
Financial & listing details
- Price per square foot: $457/sqft
- Tax assessed value: $996,900
- Annual tax amount: $10,646
- Date on market: 6/24/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,FHA 203(k),Other
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Sold | $999,000-0.1%$457/sqft |
Source:  Bright MLS #MDAA2144010 Report a problem | ||
| 6/30/2026 | Contingent | $999,900$458/sqft |
Source: Bright MLS #MDAA2144010 Report a problem | ||
| 6/24/2026 | Listed for sale | $999,900$458/sqft |
Source: Bright MLS #MDAA2144010 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,815 +12.2% | $938,500 +6.6% |
| 2024 | $9,637 +2.7% | $880,100 +2.4% |
| 2023 | $9,382 +7.1% | $859,133 +2.5% |
| 2022 | $8,759 +2.6% | $838,167 +2.6% |
| 2021 | $8,540 +2.4% | $817,200 +2.5% |
| 2020 | $8,340 +2.5% | $797,367 -2.4% |
| 2019 | $8,141 +6% | $817,200 +7.9% |
| 2018 | $7,683 +2.8% | $757,700 +3.3% |
| 2017 | $7,475 +3123.7% | $733,367 +3.4% |
| 2016 | $232 | $709,033 +3.6% |
| 2015 | $232 | $684,700 |
| 2014 | -- | $684,700 |
| 2013 | -- | $684,700 -1.6% |
| 2012 | -- | $695,600 |
| 2011 | -- | $695,600 -26.5% |
| 2010 | -- | $945,786 +0.1% |
| 2009 | -- | $945,230 +11.5% |
| 2008 | -- | $847,630 +13% |
| 2007 | -- | $750,030 +15% |
| 2006 | -- | $652,430 +20.2% |
| 2005 | -- | $542,946 +25.3% |
| 2004 | -- | $433,463 +33.8% |
| 2003 | -- | $323,980 +1% |
| 2002 | -- | $320,916 +1% |
| 2001 | -- | $317,853 |
Find assessor info on the county website
Neighborhood: 21146
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Nearby schools
GreatSchools rating
- 8/10Folger McKinsey Elementary SchoolGrades: K-5Distance: 0.5 mi
- 10/10Severna Park Middle SchoolGrades: 6-8Distance: 2.8 mi
- 9/10Severna Park High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- District: Anne Arundel County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$999,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$999,200
- Maryland
- Anne Arundel County
- Severna Park
- 21146
- 353 South Dr
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