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Waterside Dev Site | River Marsh Golf Resort 2708 Willow Oak Dr 1.25 Acres of Commercial Land Online Auction Sale Cambridge, MD 21613
Investment Highlights
- Final parcel available at River Marsh Golf Resort, offering 1.25 acres with zoning and approval for the development of 48 residential condo units.
- Fully level lot adjacent to the Hyatt Regency Chesapeake Bay, with surrounding water views, lush landscaping, and 18 holes of championship golf.
- Just off the Ocean Gateway retail corridor, with national brands like Walmart Supercenter, Walgreens, Chick-fil-A, Starbucks, and Jersey Mike’s.
- Part of a vibrant mixed-use, waterfront destination, with neighboring single-family, townhome, and major hotel developments already completed.
- Within a designated Opportunity Zone, providing significant potential capital gains tax incentives for qualifying development projects.
- Supported by a 10-mile population of more than 27,600, with an average household income of over $81,000 and annual spending exceeding $206 million.
Executive Summary
Claim the last available parcel at the vibrant River Marsh Golf Resort with this prime development site at 2708 Willow Oak Drive in Cambridge, Maryland. Spanning 1.25 acres, the waterfront land is zoned and approved for 48 residential condo units, allowing investors and developers the chance to secure a premier location along the banks of the Choptank River. The site is level and enjoys existing paved road access, curb cuts, and utility access, allowing for a streamlined development process.
River Marsh Golf Resort has emerged as Cambridge’s most coveted development destination, with all neighboring parcels sold and developed as single-family homes, townhomes, and major flag hotels, including the Hyatt Regency Chesapeake Bay. The resort’s 18 holes of championship golf links, stunning water views, and lush landscaping create a relaxing, upscale atmosphere that draws steady interest from both locals and visitors alike. This rare opportunity presents the perfect opportunity to offer new luxury inventory for both affluent local residents and vacation home shoppers.
2708 Willow Oak Drive further benefits from placement within Cambridge’s designated Opportunity Zone, allowing qualifying projects to capitalize on significant potential capital gains tax incentives. By utilizing these incentives, developers will be able to notably offset their development costs and reduce capital risks.
The property’s appeal for residential development is elevated by proximity to Ocean Gateway (Highway 50), the primary artery for commuter and commercial travel in Cambridge. The highway connects to Ocean City in 60 miles and Baltimore in 85 miles, allowing for seamless regional accessibility. Additionally, Ocean Gateway offers a lively retail corridor, providing future residents with access to industry-leading brands such as Walmart Supercenter, Walgreens, Chick-fil-A, Starbucks, Jersey Mike’s, Wawa, and more.
Cambridge offers a stable population and economic growth to support a new development at 2708 Willow Oak Drive. When looking within 10 miles of the property, the population of more than 27,600 earns an average household income of over $81,000, resulting in annual spending exceeding $206 million. This dependable population ensures a steady stream of affluent residents to quickly absorb new quality housing units.
Don’t miss this incredible chance to secure the final lot available at River Marsh Golf Resort and create a one-of-a-kind waterfront residential development at 2708 Willow Oak Drive.
River Marsh Golf Resort has emerged as Cambridge’s most coveted development destination, with all neighboring parcels sold and developed as single-family homes, townhomes, and major flag hotels, including the Hyatt Regency Chesapeake Bay. The resort’s 18 holes of championship golf links, stunning water views, and lush landscaping create a relaxing, upscale atmosphere that draws steady interest from both locals and visitors alike. This rare opportunity presents the perfect opportunity to offer new luxury inventory for both affluent local residents and vacation home shoppers.
2708 Willow Oak Drive further benefits from placement within Cambridge’s designated Opportunity Zone, allowing qualifying projects to capitalize on significant potential capital gains tax incentives. By utilizing these incentives, developers will be able to notably offset their development costs and reduce capital risks.
The property’s appeal for residential development is elevated by proximity to Ocean Gateway (Highway 50), the primary artery for commuter and commercial travel in Cambridge. The highway connects to Ocean City in 60 miles and Baltimore in 85 miles, allowing for seamless regional accessibility. Additionally, Ocean Gateway offers a lively retail corridor, providing future residents with access to industry-leading brands such as Walmart Supercenter, Walgreens, Chick-fil-A, Starbucks, Jersey Mike’s, Wawa, and more.
Cambridge offers a stable population and economic growth to support a new development at 2708 Willow Oak Drive. When looking within 10 miles of the property, the population of more than 27,600 earns an average household income of over $81,000, resulting in annual spending exceeding $206 million. This dependable population ensures a steady stream of affluent residents to quickly absorb new quality housing units.
Don’t miss this incredible chance to secure the final lot available at River Marsh Golf Resort and create a one-of-a-kind waterfront residential development at 2708 Willow Oak Drive.
Data Room Click Here to Access
- Purchase Agreement
Property Facts
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Total Lot Size | 1.25 AC | ||
| Zoning | R - Residential | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 1.25 AC |
| Opportunity Zone |
Yes |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | R - Residential |
1 Lot Available
Lot
| Lot Size | 1.25 AC | Parcel Number | 07-239637 |
| Lot Size | 1.25 AC |
| Parcel Number | 07-239637 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Sale Advisor
Sale Advisor
Mychael Cohn, Principal Broker
Mychael D. Cohn is a fourth generation Washingtonian that grew up in the real estate business. Mychael has been working in the real estate industry for over 15 years and been involved in transactions totaling in excess of $600,000,000. As a relationship driven deal junkie, Mychael founded CPG as the brokerage arm of Cohn Property Group and is the Principal Broker in Virginia, Maryland and the District of Columbia. Mychael commenced his real estate career with Fraser Forbes Company in 2003 where he specialized in land brokerage sales for residential and mixed use projects in the suburban and urban markets of Maryland, Virginia and Washington DC. He worked closely with building and development industry leaders and landowners in these jurisdictions. While at Fraser Forbes, Mychael had been involved in land transactions totaling in excess of $250,000,000. In 2009, Mychael joined Sandmar Properties, a mid-sized asset management company that owned 10 shopping centers and 1.5M square feet of commercial retail. While at Sandmar, Mychael assisted in expanding their portfolio of assets through new acquisitions which consisted of grocery anchored shopping centers, strip retail centers, mixed-use developments, and assisted living facilities. Mychael targeted existing income producing assets with value add potential through redevelopment as well as commencing a brokerage arm within Sandmar Properties as its Principal Broker in Virginia, Maryland and the District of Columbia.
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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