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Willow Oak Dr
Cambridge, MD 21613
River Parcel 3 · Land For Sale · 2.85 AC

INVESTMENT HIGHLIGHTS

  • Last remaining waterfront parcels adjacent to the Cambridge Hyatt Resort
  • Incredible amenities with nearby golf, marina, restaurants, and AAA Four Diamond resort and spa
  • Preliminary approval for 48 multifamily units with flexibility to change product type

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Single Family Development
  • Single Family Residence
Total Lot Size 2.85 AC
Zoning Maritime Resort

DESCRIPTION

On behalf of ownership, Chesapeake Communities, LLC, HOGAN is pleased to exclusively offer for sale two unique waterfront development opportunity along the Choptank River on Maryland’s Eastern Shore. Two separate riverfront development parcels are being offered individually or as a portfolio. The parcels are adjacent to the AAA Four Diamond Hyatt Regency Chesapeake Bay Golf Resort, Spa, and Marina in Cambridge, Maryland. Chesapeake Communities at River Marsh are located just outside historic downtown Cambridge, Maryland in Dorchester County. Steeped in Maryland’s maritime history, Cambridge was once the largest community on its Eastern Shore. Today, it is a hub of historical, cultural, and artistic activity for residents and visitors alike. The properties and hotel lie on Route 50, which is the main route between the 9.8 million person Washington-Baltimore region and popular Eastern Shore destinations such as Ocean City, Maryland and Rehoboth Beach and Lewes in Delaware. Cambridge is easily reachable by road within the Mid-Atlantic region—approximately 86 miles from both Washington, DC and Baltimore, 60 miles from Annapolis – Maryland’s capital city, 98 miles from Wilmington, DE, 129 miles from Philadelphia, PA, and 62 miles to Ocean City, Maryland’s #1 tourist destination as well as the many beach towns along the Maryland and Delaware coast. Prospective buyers have the benefit of designing a residential product of their choosing on either of the available parcels as permitted by the Master Development Plan and Planned Waterfront Resort District specific to residential land at River Marsh. Developers or builders will be able to build their waterfront lifestyle vision on these unique parcels with access to premium resort amenities, picturesque views of the Choptank River and the sounds of Eastern Shore wildlife everywhere.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-200315
Land Assessment
$68,700
Improvements Assessment
$0
Total Assessment
$68,700
  • Listing ID: 23329277

  • Date on Market: 6/8/2021

  • Last Updated:

  • Address: Willow Oak Dr, Cambridge, MD 21613

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