353 SOUTH DRIVE, SEVERNA PARK, MD 21146
MAGOTHY BEACH · ANNE ARUNDEL County
Key Facts
Description
Rare opportunity to create a premier waterfront estate on the Magothy River. Situated on an exceptional waterfront lot, 353 South Drive offers endless possibilities for buyers seeking a custom waterfront lifestyle in one of Anne Arundel County's most desirable locations. The existing home is in need of significant renovation, making this an ideal opportunity to rehab, expand, or start fresh with a new custom residence. A variance has already been obtained allowing for expansion of the current footprint, including plans for a pool and pool house. Alternatively, buyers may choose to remove the existing structure and construct a larger home positioned farther back on the lot to maximize the property's potential. Unlike many waterfront redevelopment opportunities, several major improvements have already been completed, including a newer bulkhead and pier. Public water and sewer service further enhance the property's appeal and simplify future development plans. Whether you're a builder, investor, or end user searching for a one-of-a-kind waterfront homesite, this property offers a unique combination of location, flexibility, and upside potential. Bring your vision and create the waterfront retreat you've always imagined.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1940
Living Area
2,648 sq ft
Lot Size
0.93 acres
Zoning
R5
Days on Market
7
MLS® Listing#
MDAA2144010
Property Features
Appliances
Cooling
Heating
Basement
Pool
Parking
Laundry
Lot Features
Foundation
Utilities
Sewer
Water Source
Schools
- District:
- ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
Financial Details
HOA
None
Annual Taxes
$10,646
Tax year 2025
Assessed Value
$996,900
Parcel Number
020352034391252
Directions
GPS
Affordability Calculator
$199,980
Estimated monthly payment
$5,322/mo
Principal $799,920 · Est. interest $1,115,960 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in SEVERNA PARK, MD
- $537,736
- Median Listing Price
- 40
- Median Days on Market
- 1,776
- Median Sq Ft
- $294
- Median Price / Sq Ft
- 171
- Active Listings
- This home’s price is 86% above the area median.
- Its price per sq ft is 28% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in SEVERNA PARK, MD.
Location
Points of Interest in SEVERNA PARK, MD
Showing the SEVERNA PARK area map.
Nearby Schools
Folger McKinsey Elementary School
Elementary · 0.5 mi away
St John the Evangelist School
Elementary · 1.2 mi away
Severna Park Elementary School
Elementary · 1.4 mi away
Anne Arundel Schools
Secondary · 1.6 mi away
Severn School
Elementary · 1.6 mi away
Severna Park High School
Secondary · 1.7 mi away
Bricks 4 Kidz
School · 1.8 mi away
Lake Shore Christian Academy
School · 1.8 mi away
Oak Hill Elementary
Elementary · 2.0 mi away
Severna Park Children's Centre
School · 2.0 mi away
St. Martin's in the Field Day School
School · 2.1 mi away
Jones Elementary School
Elementary · 2.2 mi away
Goddard School
School · 2.3 mi away
Pasadena Elementary
Elementary · 2.3 mi away
Anne Arundel County
Elementary · 2.3 mi away
Arnold Elementary School
Elementary · 2.3 mi away
Severn River Middle School
School · 2.3 mi away
Magothy River Middle School
Secondary · 2.3 mi away
Jacobsville Elementary School
Elementary · 2.4 mi away
Lake Shore Elementary School
Elementary · 2.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 589 KNOLLWOOD ROAD - COOLIDGE MODEL, SEVERNA PARK, MD | $699,990 | 4 | 3 | 1,765 |
| 481 EASTWOOD COURT, SEVERNA PARK, MD | $700,000 | 4 | 3 | 2,300 |
| 6443 ORCHARD AVENUE, TAKOMA PARK, MD | $725,000 | 4 | 4 | 1,914 |
| 6804 NEW HAMPSHIRE AVENUE, TAKOMA PARK, MD | $729,900 | 6 | 3 | 2,220 |
| 8009 BARRON STREET, TAKOMA PARK, MD | $749,000 | 3 | 2 | 1,577 |
| 8401 POTOMAC AVENUE, COLLEGE PARK, MD | $749,000 | 5 | 3 | 1,764 |
Moving Cost Estimate
EXIT Agents in SEVERNA PARK
Listing Courtesy: Next Step Realty - 4439012200