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Residential Income Property with Garage Parking
For Sale
$649,900

5 PARK PLACE Unit 603, Annapolis, MD 21401

Updated two-bedroom condominium includes a fully renovated kitchen, hardwood floors, and access to extensive community amenities.

Property Size1,206 SF
Price / SF$538.89
Days on Market11

Property Features for 5 PARK PLACE Unit 603

General Information

Standard status Active
Size 1,206 SF
Total Parking Spaces 2
Property subtype Unit/Flat/Apartment

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Taxes and HOA fees

Annual Taxes $6,480

Amenities

outdoor swimming pool
community patio
fitness center
dog park
library
clubhouse
catering kitchen
billiards room
private meeting space
television lounge
24-hour concierge

Building Details

Building Size 1,206 SF
Year Built 2007
Listing Agency: Coldwell Banker Realty
Listed By: Greg Beckman · License #0656296
Source: Bradkappel
Added: Aug 11 Changed: Aug 20 Last Checked: Aug 20 at 11:39AM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This 1,206-square-foot condominium, completed in 2007, offers two bedrooms and two full bathrooms. The kitchen has been comprehensively renovated with quartz countertops, custom cabinetry, stainless steel appliances, and ceramic tile flooring. Hardwood floors extend through the balance of the residence. The primary suite is complemented by a second bedroom that can serve as guest accommodation or office space. Two deeded spaces are included in the secured garage.

Resident amenities include an outdoor pool, fitness center, dog park, library, clubhouse with catering kitchen and billiards room, meeting space, television lounge, landscaped gathering areas, and 24-hour concierge service. The building also includes three restaurants, boutique retail, professional services, a dry cleaner, and access to the Westin Hotel. Downtown Annapolis attractions include the waterfront, City Dock, the United States Naval Academy, dining, galleries, shopping, and entertainment. The property has a Walk Score of 83.

Key Highlights

  • 1,206‑square‑foot condominium with 2 bedrooms and 2 full bathrooms
  • Fully renovated kitchen with quartz countertops, custom cabinetry, stainless steel appliances, and ceramic tile flooring
  • Two deeded parking spaces in the secure garage

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.

Lease Details

1
Residential units

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 - Updated two-bedroom condominium includes a fully renovated kitchen, hardwood floors, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 5 PARK PLACE Unit 603 Annapolis, MD.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 1,206‑square‑foot condominium with 2 bedrooms and 2 full bathrooms; Fully renovated kitchen with quartz countertops, custom cabinetry, stainless steel appliances, and ceramic tile flooring; Two deeded parking spaces in the secure garage
More about this property
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