1 SHIPWRIGHT HARBOR
About This Property
Offered completely turn-key, this exceptional residence conveys fully furnished and thoughtfully appointed-including furniture, fully equipped kitchen, linens, etc -allowing you to arrive with nothing more than a suitcase and begin enjoying the Annapolis waterfront lifestyle from day one.
The unrivaled architectural detail, exquisitely curated finishes, and sweeping views across Spa Creek elevate this residence into a class of its own. Privately positioned at the end of a quiet street within one of downtown's most coveted waterfront enclaves, this 3-bedroom, 3.5-bath retreat is equally suited as an elegant weekend escape or a full-time residence.
Dramatic Palladian windows bathe the interiors in natural light while perfectly framing the ever-changing harbor views. At the heart of the home, the gourmet kitchen-appointed with custom cabinetry, premium appliances, and a striking designer hood-flows seamlessly into both the formal living room and inviting family room, each enhanced by a gas fireplace and captivating water vistas. A main-level secondary primary suite offers comfort and flexibility for guests of all generations.
Upstairs, the extraordinary waterside primary suite features vaulted ceilings, walls of glass, a gas fireplace, spa-inspired bath with soaking tub, and a custom dressing room with center island. A private balcony provides the ideal perch for sunrise coffee or sunset reflections overlooking Spa Creek, Annapolis Harbor, and Eastport.
Designed for effortless waterfront living, two deep-water piers with approximately 9 feet of MLW accommodate substantial vessels, with immediate access to the Severn River, the Chesapeake Bay, and beyond. Walkable to the shops, restaurants, and charm of downtown, this rare offering delivers convenience, privacy, elegance, and ease in one remarkable package. Welcome Home!
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2026 | Price Decreased |
$5,675,000
↓ $223K
(3.8%) | |
| Price Decreased | |||
| Mar 19, 2026 | Listed by TTR Sotheby's International Realty | $5,898,000 | |
| Listed by TTR Sotheby's International Realty | |||
| Jan 13, 2025 | Listed | $5,898,000 | |
| Listed | |||
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Stately French Villa on Spa Creek in downtown Annapolis! This jewel box of a home was designed and built by renowned local architect as the culmination of an award winning career. The unsurpassed attention to architectural details, exquisitely curated finishes and breathtaking views of Spa Creek places this trophy home in a league of its own. Tucked away at the end of a quiet street in a premier residential enclave on the banks of Spa creek, this 3 bedroom 3.5 bath is the perfect weekend getaway or forever home. Awe- inspiring palladian windows flood the rooms with natural light and frame the ever-changing water and harbor views. Enjoy entertaining from the gourmet kitchen with custom cabinetry, high end appliances, and beautiful range hood; located in the center of the home the kitchen flows easily into the formal living room and family room both with gas fireplaces and water views. The main level secondary primary suite provides options for friends and family of all ages. Upstairs the spectacular waterside Primary suite boasts vaulted ceilings, floor to ceiling windows, gas fireplace, spa-like bath with soaking tub and custom closet with center island. Relax every morning and evening from the private balcony while enjoying the panoramic views of Spa Creek, Annapolis Harbor, and Eastport. The 2 deep water piers with 9ft MLW can accommodate boats of all sizes and the location provides quick access from Spa Creek out to the Severn River, Chesapeake Bay and beyond. Walkable to everything Annapolis has to offer this truly unique property offers the complete package: convenience, security, beauty and comfort. Welcome Home!
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| Dec 20, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $3,950,000 | |
| Listed | |||
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One of the finest Historic District waterfront homes on a secluded street with the boating activity of Spa Creek on view from an intimate & beautifully landscaped patio. Pvt. docks for a 50 ft & 30 ft boat w/deep water. Elegant details & materials crafted by 2 architect-owners. Dramatic water front LR, DR & cook's kitchen & 3 light-filled master suites. Perfect for those interested in downsizing.
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017