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16181 Cedar Lane
NewburgMD 20664

$1,000,000
Recently Sold 11/30/2020
Tools
Brochure
Size
8
Bedrooms
4
Full Baths
4,493 Sq Ft.
interior
2.95 Acres
Exterior
Financial
$1,000,000
Sold 11-30-20
$223
Price Per Sqft
$4,631
Annual taxes
Listing Details
Single Family
Property type
1945
Year Built
1569706
Web Id
2757494-MDCH216254
MLS ID
1506
Days Posted

Description

16181 Cedar Lane,

Newburg, MD 20664

Welcome to the breathtaking Cedar Lane Estate. This property is teeming with potential, consisting of two lots being sold together and a total of three residential homes, all currently leased and producing income. 16181 Cedar Ln. is a 3 bedroom, 2 bathroom cape cod on one lot with a private pier/dock. This home features a detached 2 car garage, carport, large deck, large front porch, fenced back yard, large master suite, and plenty of updates throughout. On the other lot sits two waterfront cottages, one with 2 bedrooms & 1 bathroom, the other with 3 bedrooms & 1 bathroom. Both cottages have plenty of outdoor living space with incredible waterfront views. This lot also includes several sheds/outbuildings, beautiful mature trees, plush green lawns, and a commercial sized fishing dock! The land itself is really the star of the show at this estate. A rip rap seawall has been constructed to protect the property from erosion. Formerly the home of a local oyster house, this unique property of nearly 3 acres is abundant with wildlife, gorgeous vegetation, and some of the best water views around. A concrete block wall around the interior lot line provides privacy and seclusion. Enter this oasis though a grand wrought iron gate, custom made for this estate (gate is wired with electricity for lighting and gate operation, not currently in working order). All three homes operate on geothermal heat and A/C. Opportunity and potential for this property is endless. Build your dream home, add a couple additional rental homes, or both! The possibilities are truly limitless. This is an excellent and rare opportunity for an investor or someone who is dreaming of their own private paradise. Seller will finance the sale. Please bring all serious offers. *ABSOLUTELY NO TRESPASSING OR DRIVE-BY'S . SHOWN BY APPOINTMENT ONLY. THESE HOMES ARE TENANT OCCUPIED. PLEASE RESPECT THEIR SPACE AND PRIVACY.*

Price History

datepricevariancetypeglobal
11/29/2020$1,000,000-Soldview listing
Listing By: Coastal Life Realty Group via Data Source: Bright MLS 
listing agent: Kate Ulma


Located at 16181 Cedar Lane, Newburg, Maryland 20664, this listing has been Sold for a price of $1,000,000 USD. The property was built in 1945, includes 8 bedrooms, has 4 full baths. This listing has 4,493 Sq.Ft. of interior space on a lot of 2.95 Acres. See all Apartments for Sold in Newburg.
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