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5 Market Quay, Annapolis, MD, 21401

4beds
5baths
3,036sqft
$3,499,000
$1,153price/sqft
$23,182/moest. monthly cost
$927,280/yrincome needed

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

89
WalkingVery Walkable
42
TransitSome Transit
63
BikeBikeable

Schools

5/10
5/10
5/10
Annapolis High SchoolGrades 9-124.0 mi

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
    Coastal FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across Maryland Counties

Winter Storm

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

MonthlyAnnual
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
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$794,811/yr
40% on housing$695,460/yr
45% on housing$618,186/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

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.

Insurance Growth Rate5-year average: 9.3%
9.3%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,153This listing

vs Other Active Listings

Avg $/sqft

ZIP 21401$347
Anne Arundel County$250

vs Homes Sold Last Month

Median $/sqft

ZIP 21401$326
Anne Arundel County$262

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

DateEventPrice
2026-05-05Listed for sale$3,750,000
2014-12-17Sold$1,634,000
2014-11-19Pending sale$1,695,000
2014-11-09Price change$1,695,000
2014-10-13Price change$1,785,000
2014-09-21Listed for sale$1,850,000
1993-07-28Sold$455,000

For Sale by Agent

AgentKatie Moore
BrokerageEngel & Volkers Annapolis

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