




5 Market Quay, Annapolis, MD, 21401
About This Home
Welcome home. Perfectly positioned at the end of Market Street, this rare waterfront residence offers an exceptional blend of privacy, design, and lifestyle. Located within an intimate six residence enclave, this fully reimagined contemporary brick townhome captures sweeping views of Spa Creek from every level, delivering a front row experience to Annapolis’ most iconic moments, from the Blue Angels to the holiday lighted boat parade. Completely rebuilt with a refined nautical influence, the home spans four light filled levels, where thoughtful design and craftsmanship are evident throughout. Refinished hardwood floors run seamlessly from room to room, while custom steel stair elements made from sailboats, create a striking architectural focal point. An elevator services the main and upper levels, offering both convenience and ease of living. The main living level is both elegant and inviting, featuring a spacious living room with a wood burning fireplace with custom surrounding built ins that looks out to the water. The gourmet kitchen is designed for both everyday living and entertaining, offering high end appliances, a beverage refrigerator, and a dramatic waterfall countertop. Sightlines were intentionally designed to draw your eye straight through to the water the moment you enter. The upper level primary suite is a true retreat, offering panoramic water views and a spa inspired bath. An additional ensuite bedroom completes this level, along with a conveniently located second laundry area for effortless everyday living. The top floor provides two more generously sized bedrooms and a beautifully appointed full bath, ideal for guests. On the lower level, a fully equipped second kitchen, recreation space with gas fireplace, full bath, laundry, and storage create the perfect setting for extended stays or entertaining, with direct walk out access to the waterfront. Beyond the interiors, the lifestyle is equally compelling. A flagstone courtyard welcomes you home, while rare off street parking adds convenience for owners of this six townhome community. A deeded boat slip sits just steps from your door, offering immediate access to the water. Residents enjoy exclusive access to a heated gunite pool, beautifully maintained grounds, a floating dock, and kayak storage, all within this private community. From here, it is a short stroll to the shops and restaurants of downtown Annapolis, or take a scenic water taxi ride and be picked up just steps away from your front door. This is a rare opportunity to experience turnkey waterfront living with effortless access to everything that makes Annapolis extraordinary.
Getting Around
Schools
Construction
Condition
- Property condition: Excellent
- Year built: 1970
Materials
- Foundation: Permanent
- Construction materials: Brick
Type & Style
- Home type: Townhouse
- Architectural style: Traditional
- Property subType: Townhouse
Interior
Appliances
- Appliances included: Central Vacuum,Dishwasher,Disposal,Dryer,Exhaust Fan,Microwave,Refrigerator,Washer,Oven/Range - Gas,Electric Water Heater
- Laundry features: Lower Level,Upper Level
Basement
- Area: 800
Basement
- Has basement: Yes
- Basement: Rear Entrance,Finished,Connecting Stairway,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Features
- Elevator,Primary Bath(s),Built-in Features,Upgraded Countertops,Bar,Floor Plan - Traditional,2nd Kitchen,Family Room Off Kitchen,Kitchen - Gourmet
- Flooring: Wood
- Number of fireplaces: 2
- Fireplace features: Wood Burning,Gas/Propane
- Fireplace: Yes
- Finished area below ground: 675
- Finished area above ground: 2,361
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 3,229
- Total interior livable area: 3,036 sqft
Property
Accessibility
- Accessibility features: Accessible Elevator Installed
Details
- Parcel number: 020600004862223
- Zoning: C1
- Special condition: Standard
Features
- Levels: Four
- Stories: 4
- Pool features: Community
- Patio & porch: Patio
- Exterior features: Awning(s)
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- On waterfront: Yes
- Waterfront features: Private Dock Site,Creek/Stream,Private Access,Boat - Powered,Canoe/Kayak,Sail
- Waterbody name: Spa Creek
- Frontage length: Water Frontage Ft: 18
Lot
- Lot size: 2 sqft
Parking
- Parking features: Assigned,Off Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maryland Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $17,692 | $212,304 |
| Home Insurance * | $877 | $10,524 |
| Property Taxes | $4,227 | $50,724 |
| Electricity | $386 | $4,641 |
| Total | $23,182 | $278,184 |
Income You'd Need if You Spent...
Maryland FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Listed for sale | $3,750,000 |
| 2014-12-17 | Sold | $1,634,000 |
| 2014-11-19 | Pending sale | $1,695,000 |
| 2014-11-09 | Price change | $1,695,000 |
| 2014-10-13 | Price change | $1,785,000 |
| 2014-09-21 | Listed for sale | $1,850,000 |
| 1993-07-28 | Sold | $455,000 |
