Off Market2495d on market

501 Prospect Bay Dr E

Grasonville, MD, 21638 • 21638 • Queen Annes County

$958,300

$430/sqft

3Beds

3Baths

2,230Sqft

5 acLot

1989Built

Property DNA

3 highlights

Waterfront Property

Direct water access

Water Views

Water

Traditional Style

Built 1989 · 37 years of history

Market activity

Demand and pricing signals for this listing

6 views

People checking out this listing

2495 days on market

Established listing

$430/sqft

Price per square foot

About this home

Single Family · Built 1989

Great opportunity to own this 5 acre waterfront property with 2200 sq ft home, 2 car attached garage, 4 car detached garage, stalls for 2 horses all on Greenwood Creek. Good water views from many rooms. House offers multitude of potential uses. 2 levels each with a family room and kitchen. The upper level offers 3 bedrooms and 2 baths. There is a wood stove in upper and lower level family rooms. Unbelievable storage on 2nd level of 4 car garage. Deck off upper level kitchen. Step out and enjoy the peaceful water views. Pier with 1.5' - 2' MLW.

Estimated monthly payment

Based on current rates

$6,224/month

Principal & Interest$4,646

Property Tax$958

Insurance$319

HOA$300

Down payment20% ($191,660)

3%50%

Est. 6.10% rate · 30yr fixed · $766,640 loan

Full calculator →

At a glance

Key facts and listing details

TypeSingleFamily

Year Built1989

HeatingHeat pump

ParkingGarage - Attached, Garage - Detached

HOA$300 monthly

Lot5.01 Acres

Property

Home typeSingle Family

StyleTraditional

Year built1989

Systems

HeatingHeat pump

RoofShake / Shingle

Parking & Outdoor

ParkingGarage - Attached, Garage - Detached

BasementFinished

Lot5.01 Acres

Location & Tax

Neighborhood21638

Annual tax$6,051

Parcel05022231

Bathrooms & Fees

Full baths3

HOA$300/mo

Features & details

6 categories of property features

Interior Features

Interior

Floor Plan - Traditional

Wood Stove

2nd Kitchen

Kitchen - Table Space

Family Room Off Kitchen

Kitchen - Country

Appliances

Dryer

Microwave

Refrigerator

Washer

Heating

Heat pump

Exterior Features

Exterior

Brick

Parking

Garage - Attached

Garage - Detached

Views

Water

Listing insights

Market data and value estimates

StatusOff Market

Days on market2495

Est. value$958,300

Est. rent$3,598/mo

Tax rate0.79%

Price/sqft$430

Last sold$575,000

Tour days6

How are the schools in Grasonville?

3 schools rated nearby

Grasonville Elementary School

Primary • Public • PK-5

2.9 mi

Stevensville Middle School

Middle • Public • 6-8

7.6 mi

Kent Island High School

High • Public • 9-12

8.2 mi

Location

Grasonville, MD, 21638

Expand map

Price history

8 events

DateEventPrice$/sqftSource

Jun 10, 2019Sold$575,000$258Public Record

Apr 25, 2019Pending Sale$599,000$269Long & Foster Real Estate, Inc.

Apr 5, 2019Listed For Sale$599,000$269Long & Foster Real Estate, Inc.

Mar 13, 2016Sold$2,300$1Agent Provided

Mar 1, 2016Listing Removed$2,300$1EXIT Gold Realty

Feb 25, 2016Price Change$2,300$1EXIT Gold Realty

Feb 11, 2016Price Change$2,500$1EXIT Gold Realty

Feb 7, 2016Listed For Rent$2,700$1EXIT Gold Realty

Sold$575,000

Jun 10, 2019•$258/sqft•Public Record

Pending Sale$599,000

Apr 25, 2019•$269/sqft•Long & Foster Real Estate, Inc.

Listed For Sale$599,000

Apr 5, 2019•$269/sqft•Long & Foster Real Estate, Inc.

Sold$2,300

Mar 13, 2016•$1/sqft•Agent Provided

Listing Removed$2,300

Mar 1, 2016•$1/sqft•EXIT Gold Realty

Price Change$2,300

Feb 25, 2016•$1/sqft•EXIT Gold Realty

Price Change$2,500

Feb 11, 2016•$1/sqft•EXIT Gold Realty

Listed For Rent$2,700

Feb 7, 2016•$1/sqft•EXIT Gold Realty

Tax history

25 years of records

YearTax paidAssessed value

Apr 10, 2025$6,051$636,000

Apr 10, 2024$5,386$571,800

Apr 10, 2023$5,386$571,800

Apr 10, 2022$5,386$571,800

Apr 10, 2021$6,279$654,700

Apr 10, 2020$6,234$649,933

Apr 10, 2019$6,188$654,700

Apr 10, 2018$6,142$640,400

Apr 10, 2017$6,201$640,400

Apr 10, 2016$2,141$640,400

Apr 10, 2015$2,141$709,800

Apr 10, 2014$2,141$709,800

Apr 10, 2013—$709,800

Apr 10, 2012—$773,100

Apr 10, 2011—$773,100

Apr 10, 2010—$773,100

Apr 10, 2009—$967,110

Apr 10, 2008—$813,860

Apr 10, 2007—$660,610

Apr 10, 2006—$507,360

Apr 10, 2005—$429,730

Apr 10, 2004—$352,100

Apr 10, 2003—$274,470

Apr 10, 2002—$258,966

Apr 10, 2001—$243,463

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Neighborhood details

Local context around this listing

Grasonville, MD • Queen Annes County

Nearby cities

BarclayCentrevilleChesterChurch HillGrasonvilleMillingtonQueen AnneQueenstown

Nearby zip codes

21638

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Value estimates

Live

Est. value$958,300

Est. rent$3,598/mo

30yr rate est.6.10%

Affordability$5,841/mo

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