Property summary
This exceptional investment opportunity encompasses two established marinas situated on the Elk River's eastern shore near Elkton, Maryland. The property includes approximately 15 acres of land zoned for both commercial and residential use, boasting 164 wet slips accommodating boats up to 35 feet in length. New pilings, decking, and finger piers enhance the marina infrastructure. Both marinas are certified under Maryland's Clean Marina program, featuring modern amenities such as… air-conditioned restrooms and showers. The marinas offer spectacular sunsets over the Elk River. The property also includes a historic waterfront home (approximately 2,000 square feet, 4 bedrooms, 2 bathrooms, private in-ground pool) and a renovated waterfront cottage (approximately 1,200 square feet, 2 bedrooms, 2 bathrooms). Additional structures include a 700-square-foot office/ship's store and six 10x12 service sheds. The marinas provide wet and dry boat storage, limited marine services (hauling, shrink-wrapping, winterization, detailing), and a seasonal picnic area with a gazebo and grills (Taylor's Marina only). The property also features a large fenced area for boat storage, offering a store and launch program during summer months. The mean low water depth at the slips is 3.5 feet, with sufficient channel depth for access to the Chesapeake Bay. The asking price is $2,250,000. As of January 2020, the total assessed value of the real property, including buildings and docks, was $2,150,866.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 7 qualifying comparable sales.
Recently sold
Cap rate analysis
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Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 3,764 SF
- Lot area
- 13.86 ac
- APN
- 02-015439
- Zoning
- MB
- Assessed value · 2023
- $1,208,667
- Annual tax · 2023
- $13,409
- Retail Stores
- Commercial (general) · current use
- Warehouse, Storage
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
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