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202 Cherry Street Saint Michaels, MD $ 2,600,000
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$ 2,600,000 Get more info
202 Cherry Street
$ 2,600,000
Back to search
Share Save

202 Cherry Street

Saint Michaels, MD, 21663
$ 2,600,000
Baths0.0

Monthly Estimate*

$ 17,280

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Studio

Commercial Property for sale in Saint Michaels, MD

for $2,600,000. This building was built in 1860 on a lot size of 0.26.

Spectacular and Successful 7 Bedroom/7.5 bath waterfront Bed & Breakfast located on one of St. Michael's most desirable locations. The renovations, design and craftsmanship leave no stone unturned. Recent renovations and improvements include roof, windows, electric and plumbing, wood siding, main sewer line, commercial grade appliances, kitchen cabinets, 3 propane commercial water on demand units and insulation. There is a beautiful 1 bedroom/bath manager's suite with a private deck. Each well-appointed guest room has its own marble bathroom. This impressive inn has plenty of common interior and exterior space to provide luxurious comfort to its guests. Conveniently located in the heart of St. Michaels allows one to enjoy all of the historic town's attractions, restaurants , marinas and shops.. There appears to be plenty of room for a waterside in-ground pool. This magnificent property would also make a wonderful full- time or part-time waterfront residence. Financials can be provided upon signing an NDA.

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Commercial Active

Price

$ 2,600,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 16,846

Style

Bed and Breakfast

Lot Size

0.26

Year Built

1860

Town/City

Saint Michaels

County/Region

Talbot

MLS | Web ID

MDTA2006664
Features
Interior
Heating Fuel Electric
Flooring Marble Wood
Hot Water Propane Tankless Instant Hot Water
Heating Y/N Y
Street Suffix STREET
Central Air Y/N Y
Total Restrooms 9
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General
Sewer Public Sewer
Heating Baseboard - Hot Water Heat Pump - Electric BackUp Heat Pump(s) Programmable Thermostat
Cooling Ceiling Fan(s) Central A/C Ductless/Mini-Split Energy Star Cooling System Programmable Thermostat
Utilities Cable TV Multiple Phone Lines Propane
Possession Coin w/Sell Sett
Roof Architectural Shingle
Zoning R2
Security Features Carbon Monoxide Detector(s) Monitored Smoke Detector Sprinkler System - Indoor
Construction Materials Combination Wood Siding
Year Built 1860
View Garden/Lawn Harbor Marina River Water
Property SubType Other
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Saint Michaels
Business Type Bed and Breakfast
Waterfront Features Private Dock Site
Accessibility None
County TALBOT
New Construction N
Property Type Commercial Sale
Subdivision Name HISTORIC ST MICHAELS
Water Access Y/N Y
Status ACTIVE
Directions Rt 33 to Saint Michaels turn right onto Cherry Street
City SAINT MICHAELS
Buyer Agent Compensation 2.5
Body of Water MILES RIVER / ST MICHAELS HARBOR
Total Units 1
Lot Size Square Feet 11315.00
Waterfront Y/N Y
Street Name CHERRY
Tax Annual Amount 16846.0
Property Condition Excellent
Price Per Sq Ft Total 714.29
Historic Y/N Y
Vacation Rental Y/N N
Days on Market 176
Location Type Downtown
Standard Status Active
Year Built Source Assessor
Legal Subdivision *
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Lot Features Bulkheaded Flood Plain Landscaping No Thru Street Premium Stream/Creek
Water Source Public
Type of Parking Parking Lot
Water View Y/N Y
Building Area Total 3640.00
Lot Size Acres 0.26
Water Body Type River
Lot Size Units Square Feet
Lot Size Source Assessor
Water Access Features Boat - Powered Canoe/Kayak Private Access
Number of Docks 1
Land Assessed Value 954700.00
Navigable Water Y/N Y
Number of Slips 2
Water Oriented Y/N Y
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Internal Only
Street Number 1 202
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* Excluded Features
List By
Ttr Sotheby's International Realty

Broker

rlacaze@ttrsir.com

Email

Affordability Calculator

$18,684
Per Month
92%
8%
0%
Monthly Principal & Interest
$17,280
Monthly Property Taxes
$1,404
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/21/2024$2,600,000 -5.45% Price Down
5/9/2024$2,750,000 -8.18% Price Down
2/7/2024$2,995,000 -6.41% Price Down
11/27/2023$3,200,000 Listed Price

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202 Cherry Street, Saint Michaels, MD, 21663 is a Commercial Property for sale at $2,600,000 with a lot size of 0.26. 202 Cherry Street is a studio with 0.0 baths and was built in 1860. The property's zip code is 21663 which is in Saint Michaels, MD

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