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Sold for $4,597,500
  • $4,597,500

    523 Broadwater Way, Gibson Island, MD 21056

    3beds
    3,909sqft
    Single Family Residence
    Built in 2020
    0.77 Acres Lot
    $4,799,700 Zestimate®
    $1,176/sqft
    $5,178 Estimated rent

    Home value

    $4,799,700

    $4.46M - $5.14M

    $5,178/mo

    Zestimate® history
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    What's special

    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)

    Zillow last checked:

    Listing updated:

    Listed by:

    Sarah Kanne 301-351-1319,

    Gibson Island Real Estate INC

    Bought with:

    Nina Boykin Tracey, 0225264160

    Hubble Bisbee Christie's International Real Estate

    Source: Bright MLS,MLS#: MDAA2072662MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 1
    Rooms
    • Room types: Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Basement, Foyer, Great Room, Laundry, Utility Room, Bathroom 2, Bathroom 3, Primary Bathroom, Half Bath
    Basement
    • Area: 658
    Heating
    • Zoned, Central, Programmable Thermostat, Geothermal, Electric
    Cooling
    • Central Air, Geothermal, Zoned, Programmable Thermostat, Electric
    Appliances
    • Included: Air Cleaner, Microwave, Dishwasher, Dryer, Exhaust Fan, Double Oven, Range Hood, Refrigerator, Six Burner Stove, Washer, Oven/Range - Gas, Built-In Range, Freezer, Ice Maker, Tankless Water Heater, Stainless Steel Appliance(s), Self Cleaning Oven, Range, Dual Flush Toilets, Extra Refrigerator/Freezer, Humidifier, Surface Unit
    • Laundry: Upper Level, Has Laundry, Laundry Room
    Features
    • Air Filter System, Ceiling Fan(s), Chair Railings, Combination Kitchen/Dining, Crown Molding, Dining Area, Entry Level Bedroom, Exposed Beams, Floor Plan - Traditional, Eat-in Kitchen, Kitchen - Gourmet, Kitchen Island, Kitchen - Table Space, Primary Bath(s), Primary Bedroom - Bay Front, Recessed Lighting, Soaking Tub, Bathroom - Stall Shower, Upgraded Countertops, Walk-In Closet(s), Bar, Other, Built-in Features, Wainscotting, Attic, Beamed Ceilings, Tray Ceiling(s), Paneled Walls, Wood Ceilings, Wood Walls, 9'+ Ceilings, Dry Wall
    • Flooring: Hardwood, Ceramic Tile, Tile/Brick, Concrete, Wood
    • Doors: French Doors, Double Entry
    • Windows: Bay/Bow, Transom, Casement, Screens, Double Pane Windows, Double Hung, Energy Efficient, Insulated Windows, Wood Frames, Window Treatments
    • Basement: Space For Rooms,Interior Entry,Improved,Partially Finished,Partial,Concrete,Connecting Stairway,Windows,Drain
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning, Brick, Mantel(s), Equipment, Stone
    Interior area
    • Total structure area: 3,909
    • Total interior livable area: 3,909 sqft
    • Finished area above ground: 3,251
    • Finished area below ground: 658

    Property

    Parking
    • Total spaces: 6
    • Parking features: Storage, Oversized, Garage Door Opener, Other, Garage Faces Front, Gravel, Detached, Driveway
    • Garage spaces: 3
    • Uncovered spaces: 3
    • Details: Garage Sqft: 1119
    Accessibility
    • Accessibility features: Other, >84" Garage Door, Accessible Doors, Accessible Hallway(s)
    Features
    • Levels: Three
    • Stories: 3
    • Patio & porch: Deck, Screened, Porch, Enclosed, Brick, Screened Porch
    • Exterior features: Lighting, Outdoor Shower, Barbecue, Rain Gutters, Other, Underground Lawn Sprinkler, Sidewalks
    • Pool features: None
    • Has view: Yes
    • View description: Bay, Garden, Golf Course, Panoramic, Trees/Woods, Water, Scenic Vista
    • Has water view: Yes
    • Water view: Bay,Water
    • Waterfront features: Rip-Rap, Bayfront, Bay
    • Body of water: Chesapeake Bay
    • Frontage length: Water Frontage Ft: 119
    Lot
    • Size: 0.77 Acres
    • Features: Front Yard, Landscaped, Premium, SideYard(s), Wooded, Level, Rip-Rapped
    Details
    • Additional structures: Above Grade, Below Grade, Outbuilding
    • Parcel number: 020335033944900
    • Zoning: R1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage
    • Property subtype: Single Family Residence
    Materials
    • Shake Siding, Shingle Siding, Cedar
    • Foundation: Slab, Crawl Space
    • Roof: Metal,Shake,Shingle
    Condition
    • Excellent
    • New construction: Yes
    • Year built: 2020
    Details
    • Builder name: Delbert Adams, Baltimore

    Utilities & green energy

    • Electric: 120/240V
    • Sewer: On Site Septic
    • Water: Public
    • Utilities for property: Water Available, Electricity Available, Underground Utilities, Propane, Cable Available, Fiber Optic, Broadband

    Community & HOA

    Community
    • Security: Security Gate, Fire Sprinkler System, 24 Hour Security, Carbon Monoxide Detector(s), Smoke Detector(s)
    • Subdivision: Gibson Island
    HOA
    • Has HOA: Yes
    • Amenities included: Beach Access, Common Grounds, Gated, Jogging Path, Lake, Non-Lake Recreational Area, Picnic Area, Security, Water/Lake Privileges, Pier/Dock
    • Services included: Common Area Maintenance, Security, Trash, Other
    • HOA fee: $925 monthly
    • HOA name: GIBSON ISLAND CORPORATION
    Location
    • Region: Gibson Island

    Financial & listing details

    • Price per square foot: $1,176/sqft
    • Tax assessed value: $2,975,800
    • Annual tax amount: $38,368
    • Date on market: 3/28/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • 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.
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    6/14/2024Sold$4,597,500-4.1%$1,176/sqft
    Source: Bright MLS #MDAA2072662 Report a problem
    5/2/2024Pending sale$4,795,000$1,227/sqft
    Source: Bright MLS #MDAA2072662 Report a problem
    4/21/2024Contingent$4,795,000$1,227/sqft
    Source: Bright MLS #MDAA2072662 Report a problem
    3/28/2024Listed for sale$4,795,000+182.1%$1,227/sqft
    Source: Bright MLS #MDAA2072662 Report a problem
    8/5/2016Sold$1,700,000-5.3%$435/sqft
    Source: Public Record Report a problem
    7/26/2016Pending sale$1,795,000$459/sqft
    Source: TTR Sotheby's International Realty #PX523523 Report a problem
    2/4/2016Listed for sale$1,795,000$459/sqft
    Source: TTR Sotheby's International Realty #PX523523 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$41,191 +26.4%$3,059,533 +2.8%
    2024$32,585 +4.9%$2,975,800 +4.7%
    2023$31,050 +9.6%$2,843,367 +4.9%
    2022$28,329 +5.1%$2,710,933 +5.1%
    2021$26,945 -0.1%$2,578,500
    2020$26,971 +13.8%$2,578,500 +13.9%
    2019$23,695 +3.3%$2,263,600 +0%
    2018$22,946 -0.5%$2,262,900
    2017$23,066 $2,262,900
    2016-- $2,262,900 -1.6%
    2015-- $2,298,600
    2014-- $2,298,600
    2013-- $2,298,600 -1.4%
    2012-- $2,330,900
    2011-- $2,330,900
    2010-- $2,330,900 -0.1%
    2009-- $2,332,680 +16.2%
    2008-- $2,007,360 +19.3%
    2007-- $1,682,040 +24%
    2006-- $1,356,720 +14.2%
    2005-- $1,187,626 +16.6%
    2004-- $1,018,533 +19.9%
    2003-- $849,440 +4.9%
    2002-- $809,800 +5.1%
    2001-- $770,160
    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
    $4,799,700
    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
    $4,799,700