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    Newport Bay Dr Berlin, MD 21811

    Sponsored
    For Sale
    $599,900

    8.1 Acres, Waterfront Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.1-acre commercial lot in Berlin, Maryland's desirable South Point community presents a unique investment opportunity. Located on Newport Bay Drive, this property boasts 3.89 buildable acres with direct water access to Newport Bay and Sinepuxent Bay. Imagine building your dream coastal home on this expansive lot, enjoying the tranquility of a small, established community of only 32 custom homes. The property includes shared access to a 300-foot dock, perfect for kayaking and paddleboarding. Convenience is key, with easy access to Assateague Island's natural beauty and the Ocean City Golf & Yacht Club. A perk test has already been completed and is on file with the county, streamlining the building process. Zoned R-1A, this lot requires a minimum of 2500 square feet on the first floor and a total minimum of 3000 square feet for any new construction. This is a rare chance to own a piece of paradise in a sought-after location. The asking price is $599,900. Don't miss this opportunity to create your coastal oasis. The property is located in Worcester County, Maryland, zip code 21811.

    Property Features for 0 Newport Bay Dr

    General Information

    Property type
    Land
    Lot Size
    352,836 SF

    HighLights

    • $599,900 asking price.
    • 8.1‑acre commercial land parcel.
    • R‑1A zoning.
    • Located in Berlin, Maryland, zip code 21811.
    • Water access to Newport Bay and Sinepuxent Bay.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Berlin
    County
    Worcester
    State
    Maryland
    Longitude
    -75.1939933
    Latitude
    38.2386176

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    FAQs

    What type of property is this?
    Land - 8.1 Acres, Waterfront Potential
    Where is this land located?
    The property is located at Newport Bay Dr Berlin, MD.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: $599,900 asking price.; 8.1-acre commercial land parcel.; R-1A zoning.
    Request Owner's contact information
    Newport Bay Dr Berlin, MD 21811
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Newport Bay Dr Berlin, MD 21811
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