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1635 WALL DRIVE
About This Property
JUST MINUTES to Rock Creek and Chesapeake Bay.
Easy access to major traffic artery Fort Smallwood Rd.
Property is vacant parcel of land.
Listed By
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What does this mean?
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%.
How much can I actually make?
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.
How is cap rate calculated?
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 |
|---|---|---|---|
| Sep 3, 2026 | Listed by Ashland Auction Group LLC | $10,000 | |
| Listed by Ashland Auction Group LLC | |||
| Mar 25, 2026 | Price Decreased |
$15,000
↓ $10K
(40%) | |
| Price Decreased | |||
| Jan 17, 2026 | Relisted | $25,000 | |
| Relisted | |||
| Dec 2, 2025 | In contract | - | |
| In contract | |||
| Sep 19, 2025 | Listed by EXP Realty, LLC | $25,000 | |
| Listed by EXP Realty, LLC | |||
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A rare opportunity awaits with this 0.339-acre (14,775 sq. ft.) parcel in Pasadena, Maryland. Located within Anne Arundel County’s Critical Area it is in an LDA or Limited Development Area.
Per the Anne Arundel County Critical Area Department, 31.25% of the property ( 4,617 sq. ft.) may be covered with impervious surfaces. Please note: if any portion of the lot is cleared, planting mitigation of trees and/or shrubs may be required to offset the impact, and there is a $1.50 per sq. ft. fee for new impervious coverage.
The property’s zoning carries unique advantages. According to Anne Arundel County Planning and Zoning, this is a “stand-alone” lot that has not been subdivided, meaning it is grandfathered in and exempt from the bulk regulation requirements set forth under County Code Section 18-4-601. Buyers should confirm details with Anne Arundel County Zoning (ask for Sterling, the supervisor, for specific guidance).
According to Mark Takacs from Anne Arundel County Environmental Health, public water and sewer are not available. Also, the lot failed a percolation test years ago, but no recent perc test or soil sample results are on file. Buyers are encouraged to call the County directly to explore current options and possibilities as well as a Civil Engineer to get their professional opinion.
Finally, this property puts you right in the middle of Pasadena’s best lifestyle perks. Tee off at Compass Pointe Golf Course, set sail from the Maryland Yacht Club or White Rocks Marina, and spend weekends exploring nearby waterfront gems. Craving local flavor? Dig into Maryland classics at Mike’s Crab House North, or soak up the outdoors at Fort Armistead Park and Downs Park. For fitness and family fun, the YMCA is just around the corner. When it’s time to unwind, grab a stool at Irv’s Basement Bar, a true local legend and the last of its kind with pool, bar games, a jukebox, and cozy neighborhood vibes. Want more? Catch live music at Twain’s Tavern, enjoy a relaxed dinner at The Lodge Pasadena or The Social in Severna Park, or treat yourself to unforgettable waterfront dining at Sam & Maggie’s Dockside Grill.
With its grandfathered zoning status and attractive location, this Pasadena lot is a special find!
You’ll find helpful documents including Permitted & Conditional Uses as well as the Bulk Regulation and county contact information in the Agent Remarks section of this listing. If you’re unable to access them, feel free to give me a call or text and I’ll be happy to share everything with you directly.
To easily spot this wooded lot, you'll see a cleared lot with an RV, some trucks and a trailer to the left. We are just to the right of them. The lot ends near the Orange traffic drum you'll see sitting in the woods.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017