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Penthouse Residential Income Property
For Sale
$524,900

5 PARK PLACE Unit 732, Annapolis, MD 21401

Light-filled residence with remodeled bath, upscale appliances, private garage parking, and access to extensive building amenities.

Property Size926 SF
Days on Market134

Property Features for 5 PARK PLACE Unit 732

General Information

Standard status Active
Size 926 SF
Property subtype Penthouse Unit/Flat/Apartment

Taxes and HOA fees

Annual Taxes $1.00

Building Details

Building Size 926 SF
Year Built 2007
Listing Agency: Anne Arundel Properties, Inc.
Listed By: George A Gorayeb · License #579057
Source: Bradkappel
Added: Apr 25 Changed: Aug 30 Last Checked: Sep 4 at 9:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anne Arundel Properties, Inc.

Investment Insights

Based on property information with market context.

This 2007 penthouse-level residential income property includes 1 bedroom and 1.5 bathrooms, with wood flooring, abundant natural light, and sunset views. The interior features a custom walk-in closet, two additional closets, sliding glass doors with electric blinds, and a remodeled shower. The kitchen is appointed with granite counters, stainless appliances, and a Sub-Zero refrigerator, while an Asko dishwasher and in-unit washer and dryer add functionality.

The building provides a pool, hot tub, fitness center, party room, and lobby concierge and security service available 24/7. The property includes one deeded underground garage parking space with a remote opener. Located in downtown Annapolis, the residence is a short distance from City Dock attractions and restaurants.

Key Highlights

  • Penthouse‑level 1 BR / 1.5 Bath condominium residence
  • Wood floors, sunset views, custom walk‑in closet, and two additional closets
  • Kitchen with Sub‑Zero refrigerator, Asko dishwasher, stainless appliances, and granite counters

Property Analytics

Current Use

The Residence at Park Place ... Condominium Complex Douglas Commercial LLC Real Estate Agency Crofton Auction Services Trade Show Venue Park Place Condominium Complex B&O bike trails Bicycle Rack

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Locksmith Florist Barber Shop Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,637
Businesses Nearby

Demographics for 21401, MD

39,308
Population
19,293
Households
2
Avg Household Size
44
Median Age
61%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
1,975
Density / Sq Mi
$119,296
Median Household Income
$67,845
Median Earnings
$2,106
Median Rent
$580,600
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Light-filled residence with remodeled bath, upscale appliances, private garage parking, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 5 PARK PLACE Unit 732 Annapolis, MD.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Penthouse‑level 1 BR / 1.5 Bath condominium residence; Wood floors, sunset views, custom walk‑in closet, and two additional closets; Kitchen with Sub‑Zero refrigerator, Asko dishwasher, stainless appliances, and granite counters
More about this property
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