Price Reduction - Waterfront
Address
202 Cherry Street, Saint Michaels, MD
Price
$ 2,750,000
Property Attributes
- MLS#MDTA2006664
- TypeCommercial
- CountyTALBOT
- CitySaint Michaels
- NeighborhoodHistoric St Michaels
- Zip21663
- StyleBed and Breakfast
- Year Built1860
- Taxes$ 16846
- Price$ 2,750,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size11,326 SqFt
Data Source:
Bright MLS
Property Description
Spectacular and Successful 7 Bedroom/7.5 bath waterfront Bed & Breakfast located on one of St. Michael's most desirable locations. The renovations, design and craftsmanship leave no stone unturned. Recent renovations and improvements include roof, windows, electric and plumbing, wood siding, main sewer line, commercial grade appliances, kitchen cabinets, 3 propane commercial water on demand units and insulation. There is a beautiful 1 bedroom/bath manager's suite with a private deck. Each well-appointed guest room has its own marble bathroom. This impressive inn has plenty of common interior and exterior space to provide luxurious comfort to its guests. Conveniently located in the heart of St. Michaels allows one to enjoy all of the historic town's attractions, restaurants , marinas and shops.. There appears to be plenty of room for a waterside in-ground pool. This magnificent property would also make a wonderful full- time or part-time waterfront residence. Financials can be provided upon signing an NDA.
| Price History | |
|---|---|
| 11/27/2023 | Listed $3,200,000 |
| 2/7/2024 | 7% - $2,995,000 |
| 5/9/2024 | 9% - $2,750,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Hot Water,Heat Pump - Electric BackUp,Heat Pump(s),Programmable Thermostat |
| Cooling | Ceiling Fan(s),Central A/C,Ductless/Mini-Split,Energy Star Cooling System,Programmable Thermostat |
| Utilities | Cable TV,Multiple Phone Lines,Propane |
| Possession | Coin w/Sell Sett |
| Roof | Architectural Shingle |
| Zoning | R2 |
| Security Features | Carbon Monoxide Detector(s),Monitored,Smoke Detector,Sprinkler System - Indoor |
| Construction Materials | Combination,Wood Siding |
| Year Built | 1860 |
| View | Garden/Lawn,Harbor,Marina,River,Water |
| Property SubType | Other |
| Tax Year | 2024 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Bed and Breakfast |
| Waterfront Features | Private Dock Site |
| Accessibility | None |
| County | TALBOT |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | HISTORIC ST MICHAELS |
| Water Access Y/N | Yes |
| Status | ACTIVE |
| Directions | Rt 33 to Saint Michaels,turn right onto Cherry Street |
| ModificationTimestamp | 2024-05-09T09:47:58 |
| City | SAINT MICHAELS |
| Buyer Agent Compensation | 2.5 |
| Body of Water | MILES RIVER / ST MICHAELS HARBOR |
| Total Units | 1 |
| Lot Size Square Feet | 11315.00 |
| Tax Assessed Value | 1559400.0 |
| Waterfront Y/N | Yes |
| Street Name | CHERRY |
| Tax Annual Amount | 16846.0 |
| Property Condition | Excellent |
| Price Per Sq Ft | 755.49 |
| Historic Y/N | Yes |
| Vacation Rental Y/N | No |
| Days on Market | 165 |
| Location Type | Downtown |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | * |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Flooring | Marble,Wood |
| Hot Water | Propane,Tankless,Instant Hot Water |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| Total Restrooms | 9 |
Exterior Features
| Lot Features | Bulkheaded,Flood Plain,Landscaping,No Thru Street,Premium,Stream/Creek |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 7 |
| Type of Parking | Parking Lot |
| Water View Y/N | Yes |
| Building Area Total | 3640.00 |
| Lot Size Acres | 0.26 |
| Water Body Type | River |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Water Access Features | Boat - Powered,Canoe/Kayak,Private Access |
| Number of Docks | 1 |
| Land Assessed Value | 954700.00 |
| Navigable Water Y/N | Yes |
| Number of Slips | 2 |
| Water Oriented Y/N | Yes |
| Dock/Slip Conveys YN | Yes |
| Fencing Y/N | Yes |
| Car Parking Spaces | 7 |
| Dock Type and Features | Multiple Slip,Private |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 21663
Price
Taxes
Visits
Year Built
Walkscore
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