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Sold for $2,050,000
  • $2,050,000

    517 Broadwater Way, Gibson Island, MD 21056

    4beds
    3,105sqft
    Single Family Residence
    Built in 1925
    0.88 Acres Lot
    $2,057,900 Zestimate®
    $660/sqft
    $4,014 Estimated rent

    Home value

    $2,057,900

    $1.91M - $2.20M

    $4,014/mo

    Zestimate® history
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    What's special

    Wake up every morning to panoramic views of the Chesapeake Bay, surrounded by natural beauty, serenity, and privacy. This is a once-in-a-lifetime opportunity to build the home of your dreams on spectacular Gibson Island, one of Maryland’s most sought-after private gated communities. A prime waterfront lot, this exceptional property offers breathtaking, unobstructed views of the Bay — a front-row seat to sunrises, sailboats, and the tranquil rhythm of coastal living. Whether you envision a classic coastal retreat or a modern architectural masterpiece, this blank canvas allows you to bring your vision to life in an idyllic, secure setting. A short walk to the Gibson Island Club, also enjoy magnificent views of the first fairway of the Gibson Island Club Golf course from the non-waterfront side of the property. This is more than just land — it is an invitation to create a legacy, a place where memories are made, and a lifestyle that embodies peace, elegance, and timeless waterfront living. Please note that this property has a non-habitable structure on it that is most likely a tear down and is most likely unsafe to enter. There is significant erosion on the slope requiring remediation. Rough estimates available. Gibson Island is a gated sanctuary known for its privacy, natural beauty, and world-class amenities, including a private country club (membership by invitation) that includes a Seth Raynor Charles Blair Macdonald golf course with no T times, tennis, pickle ball, skeet shooting, swimming, summer camp, and a yacht club for both power and sail, and a skeet range. A full-service yacht yard is on the Island, along with walking trails. There is a stunning 43-acre freshwater spring fed lake for non-motorized watercraft, swimming, paddleboarding, kayaking and fishing. Enjoy the Island's private beaches and shorelines. With only a limited number of homes and a strong sense of community, the Island offers a rare blend of casual living and charm — just an hour from Washington, D.C., 45 minutes from Baltimore, and 40 minutes from Annapolis. With easy access to the Amtrak station and BWI airport, it is only a 25-minute drive! Build your future on Gibson Island. Opportunities like this are truly rare.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sarah Kanne 301-351-1319,

    Gibson Island Real Estate INC

    Bought with:

    Unrepresented

    Unrepresented

    Source: Bright MLS,MLS#: MDAA2128254MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Basement
    • Area: 0
    Heating
    • Heat Pump, Electric
    Cooling
    • Ceiling Fan(s), Central Air, Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has basement: No
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 3,105
    • Total interior livable area: 3,105 sqft
    • Finished area above ground: 3,105
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Faces Front, Detached
    • Garage spaces: 2
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    • Has view: Yes
    • View description: Bay, Street, Water, Trees/Woods, Garden, Golf Course
    • Has water view: Yes
    • Water view: Bay,Water
    • Waterfront features: Bayfront, Bay
    • Body of water: Chesapeake Bay
    • Frontage length: Water Frontage Ft: 200
    Lot
    • Size: 0.88 Acres
    • Features: Front Yard, Level, SideYard(s), Premium, Wooded
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 020335001886500
    • Zoning: R1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cape Cod
    • Property subtype: Single Family Residence
    Materials
    • Stucco
    • Foundation: Crawl Space
    • Roof: Slate
    Condition
    • Fixer,Below Average
    • New construction: No
    • Year built: 1925

    Utilities & green energy

    • Sewer: Private Septic Tank
    • Water: Public
    • Utilities for property: Electricity Available, Water Available

    Community & HOA

    Community
    • Subdivision: Gibson Island
    HOA
    • Has HOA: Yes
    • Amenities included: Beach Access, Bike Trail, Common Grounds, Gated, Lake, Security, Water/Lake Privileges
    • Services included: Common Area Maintenance, Security, Trash
    • HOA fee: $976 monthly
    • HOA name: GIBSON ISLAND CORPORATION
    Location
    • Region: Gibson Island

    Financial & listing details

    • Price per square foot: $660/sqft
    • Tax assessed value: $2,392,567
    • Annual tax amount: $32,232
    • Date on market: 11/1/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    5/1/2026Sold$2,050,000-14.4%$660/sqft
    Source: Bright MLS #MDAA2128254 Report a problem
    4/11/2026Pending sale$2,395,000$771/sqft
    Source: Bright MLS #MDAA2128254 Report a problem
    11/21/2025Contingent$2,395,000$771/sqft
    Source: Bright MLS #MDAA2128252 Report a problem
    11/1/2025Listed for sale$2,395,000+29.7%$771/sqft
    Source: Bright MLS #MDAA2128254 Report a problem
    9/9/2019Sold$1,847,085+23.1%$595/sqft
    Source: Public Record Report a problem
    3/20/2019Sold$1,501,000$483/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$32,233 +25%$2,392,567 +1.6%
    2024$25,786 +4.9%$2,354,900 +4.6%
    2023$24,583 +9.5%$2,251,200 +4.8%
    2022$22,441 +5.1%$2,147,500 +5.1%
    2021$21,358 -0.1%$2,043,800
    2020$21,378 -0.1%$2,043,800
    2019$21,399 +2%$2,043,800 -1.3%
    2018$20,987 +0.6%$2,069,700 +1.1%
    2017$20,870 $2,047,500 +1.1%
    2016-- $2,025,300 +1.1%
    2015-- $2,003,100
    2014-- $2,003,100
    2013-- $2,003,100 -1.7%
    2012-- $2,037,600
    2011-- $2,037,600
    2010-- $2,037,600 -0.3%
    2009-- $2,043,960 +17.7%
    2008-- $1,736,806 +21.5%
    2007-- $1,429,653 +27.4%
    2006-- $1,122,500 +12.7%
    2005-- $995,890 +14.6%
    2004-- $869,280 +17%
    2003-- $742,670
    2002-- $742,670
    2001-- $742,670
    Find assessor info on the county website

    Neighborhood: 21056

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Bodkin
    • Middle: Chesapeake Bay
    • High: Chesapeake
    • 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
    $2,057,900
    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
    $2,057,900