$295,000
●
Condo -
Off Market
2900 SHIPMASTER WAY #220
ANNAPOLIS, MD 21401
2 Beds
2 Baths
1,048 Ft²
$2,074
Est. Monthly
$600
HOA / Fees
6.60%
Cap Rate
About This Property
SERENE & SOPHISTICATED WATER VIEW LIVING in 55+ HERITAGE HARBOUR,
offering a wealth of active adult and Annapolis amenities!
RARE CLIPPER CAY WATERSIDE 2BR/2BA SINGLE LEVEL CONDO with
SOUTH RIVER DECK & BALCONY! Totally turnkey decorator neutral
paint palette/carpeting to enhance any decor. Open concept
floor plan with mirror-reflected Living Room & Dining Room opening
to riverside deck. Seamless flow into crisp white updated
Kitchen allowing ease of serving & continued conversation. A
difficult choice looms in which of the 2 walk-out water view
Bedrooms you will claim as your own! (Each with ensuite Full Bath;
1 waterside balcony; 1 waterside deck access; 1 walk-in closet)
Generous closet & cabinetry storage. Separate modern Laundry
Room. Assigned lot parking. Fabulous community
Clubhouse, fitness center, indoor/outdoor pools, tennis, golf, and
nature trail niches for meditation & restorative quiet.
Minutes to Downtown City Dock, USNA, Westfield/Towne Centre
Malls, AA Medical Center, & RTs 50/97/2. MARVELOUS.
Unit Size
1,048 Ft²
Days on Market
-
Land Size
-
Price per sqft
$286
Property Type
Condo
Property Taxes
$137
HOA Dues
$600
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Bright MLS #MDAA2072152)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 23, 2024 | Sold | ||
| Sold | |||
| Jan 19, 2024 | In contract | - | |
| In contract | |||
| Nov 14, 2023 | Price Decreased |
$300,000
↓ $25K
(7.7%) | |
| Price Decreased | |||
| Oct 25, 2023 | Listed by Long & Foster Real Estate, Inc. | $325,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Property Highlights
Parking Available
Elevator
Air Conditioning
Parking Details
Parking Features: Parking Lot
Total Garage and Parking Spaces: 1
Interior Details
Bedrooms on Main Level: 2
Interior Features: Carpet, Ceiling Fan(s), Combination Dining/Living, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Pantry, Primary Bath(s), Stall Shower, Walk-in Closet(s)
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Refrigerator, Oven/Range - Electric, Trash Compactor, Washer, Water Heater
Living Area Square Feet Source: Assessor
Exterior Details
Property Manager Present
Ownership Interest: Condominium
Year Built Source: Assessor
Other Structures: Above Grade, Below Grade
Structure Type: Unit/Flat/Apartment
Construction Materials: Brick
Unit Building Type: Garden 1 - 4 Floors
Building Name: CLIPPER CAY
Community Pool
Tidal Water: N
Land Assessed Value: $115,200
Finished Square Feet: 1048
Finished Square Feet Source: Assessor
Financial Details
County Tax: $1,258
County Tax Payment Frequency: Annually
Tax Assessed Value: $115,200
Tax Year: 2023
Tax Annual Amount: $1,638
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C, Ceiling Fan(s)
Heating Type: Heat Pump(s), Hot Water
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Pier/Dock Maintenance, Pool(s), Recreation Facility, Reserve Funds, Snow Removal
HOA/Condo/Coop Amenities: Boat Dock/Slip, Boat Ramp, Club House, Common Grounds, Community Center, Exercise Room, Fitness Center, Jog/Walk Path, Meeting Room, Party Room, Picnic Area, Pier/Dock, Pool - Outdoor, Recreational Center, Retirement Community, Reserved/Assigned Parking, Swimming Pool, Tennis Courts, Golf Course Membership Available, Golf Course
HOA Fee: $160
HOA Fee Frequency: Monthly
Condo/Coop Fee: $440
Washer/Dryer/Hook Up in Unit: Yes
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/19/2026
|
2 Bed
|
2 Bath
|
1136 ft²
|
$325,000
2 Bed
2 Bath
1136 ft²
|
$325,000
08/28/2026
|
Zachary Papaleonti
Academy Realty Inc.
| |
|
07/03/2026
|
2 Bed
|
2 Bath
|
1018 ft²
|
$285,000
2 Bed
2 Bath
1018 ft²
|
$301,000
+5.61%
08/17/2026
|
Kyriacos Papaleonti
Academy Realty Inc.
| |
|
04/28/2026
|
2 Bed
|
2 Bath
|
1044 ft²
|
$345,000
2 Bed
2 Bath
1044 ft²
|
$350,000
+1.45%
06/05/2026
|
Alexandra Sears
TTR Sotheby's International Realty
| |
|
12/29/2025
|
2 Bed
|
2 Bath
|
1046 ft²
|
$349,900
2 Bed
2 Bath
1046 ft²
|
$345,000
-1.40%
03/12/2026
|
Kyriacos Papaleonti
Academy Realty Inc.
| |
|
10/31/2025
|
2 Bed
|
2 Bath
|
1048 ft²
|
$347,000
2 Bed
2 Bath
1048 ft²
|
$335,000
-3.46%
03/10/2026
|
Karlton F Morris Jr.
Long & Foster Real Estate, Inc.
| |
|
06/18/2025
|
1 Bed
|
2 Bath
|
1089 ft²
|
$350,000
1 Bed
2 Bath
1089 ft²
|
$337,500
-3.57%
09/26/2025
|
Kathleen Moore
Engel & Volkers Annapolis
| |
|
06/12/2025
|
2 Bed
|
2 Bath
|
1154 ft²
|
$349,900
2 Bed
2 Bath
1154 ft²
|
$345,900
-1.14%
11/03/2025
|
David Bediz
Keller Williams Capital Properties
| |
|
05/14/2025
|
2 Bed
|
2 Bath
|
1048 ft²
|
$350,000
2 Bed
2 Bath
1048 ft²
|
$345,000
-1.43%
05/13/2025
|
Kyriacos Papaleonti
Academy Realty Inc.
| |
|
01/10/2025
|
2 Bed
|
2 Bath
|
1046 ft²
|
$359,000
2 Bed
2 Bath
1046 ft²
|
$360,000
+0.28%
03/17/2025
|
Mary Ann Elliott
Coldwell Banker Realty
| |
|
11/22/2024
|
2 Bed
|
2 Bath
|
1044 ft²
|
$298,000
2 Bed
2 Bath
1044 ft²
|
$284,200
-4.63%
02/24/2025
|
Brenda Sarver
Maryland REO Connection, LLC
| |
|
08/21/2024
|
2 Bed
|
2 Bath
|
1008 ft²
|
$299,900
2 Bed
2 Bath
1008 ft²
|
$295,000
-1.63%
06/25/2025
|
Kyriacos Papaleonti
Academy Realty Inc.
| |
|
09/03/2023
| |
2 Bed
|
2 Bath
|
-
|
$309,000
2 Bed
2 Bath
|
-
-
|
Jaime C Watt
Annapolis Bestgate
|
|
05/04/2024
|
2 Bed
|
2 Bath
|
1020 ft²
|
$325,000
2 Bed
2 Bath
1020 ft²
|
$335,000
+3.08%
06/17/2024
|
Jennifer Schaub
Long & Foster Real Estate, Inc.
| |
|
03/14/2024
|
2 Bed
|
2 Bath
|
1046 ft²
|
$330,000
2 Bed
2 Bath
1046 ft²
|
$315,000
-4.55%
05/09/2024
|
Annie Medford
Hoffman Real Estate Group, LLC
| |
|
02/26/2024
|
2 Bed
|
2 Bath
|
1048 ft²
|
$324,900
2 Bed
2 Bath
1048 ft²
|
$324,900
05/06/2024
|
Kyriacos Papaleonti
Academy Realty Inc.
| |
|
02/06/2024
|
2 Bed
|
2 Bath
|
1005 ft²
|
$325,000
2 Bed
2 Bath
1005 ft²
|
$285,000
-12.31%
08/07/2024
|
Heather Bold
Berkshire Hathaway HomeServices PenFed Realty
| |
|
02/02/2024
|
2 Bed
|
2 Bath
|
1007 ft²
|
$304,900
2 Bed
2 Bath
1007 ft²
|
$290,000
-4.89%
07/09/2024
|
Shawn Basford
RE/MAX Real Estate
| |
|
12/09/2023
|
2 Bed
|
2 Bath
|
1047 ft²
|
$365,000
2 Bed
2 Bath
1047 ft²
|
$350,000
-4.11%
04/30/2024
|
Pam Goldberg
Coldwell Banker Realty
| |
|
11/24/2023
|
2 Bed
|
2 Bath
|
1046 ft²
|
$369,000
2 Bed
2 Bath
1046 ft²
|
$345,000
-6.50%
03/08/2024
|
Claire Davis
Engel & Volkers Annapolis
| |
|
11/20/2023
|
2 Bed
|
2 Bath
|
1046 ft²
|
$285,000
2 Bed
2 Bath
1046 ft²
|
$265,000
-7.02%
03/29/2024
|
Michele McFadden
RE/MAX First Choice
| |
|
11/14/2023
|
2 Bed
|
2 Bath
|
1018 ft²
|
$325,000
2 Bed
2 Bath
1018 ft²
|
$300,000
-7.69%
08/05/2024
|
Kyriacos Papaleonti
Academy Realty Inc.
| |
|
11/13/2023
|
2 Bed
|
2 Bath
|
1017 ft²
|
$319,000
2 Bed
2 Bath
1017 ft²
|
$280,000
-12.23%
04/29/2024
|
Bridget Fischer
Coastal Realty Maryland
| |
|
10/25/2023
|
2 Bed
|
2 Bath
|
1048 ft²
|
$325,000
2 Bed
2 Bath
1048 ft²
|
$295,000
-9.23%
02/23/2024
|
Robert Hartman
Long & Foster Real Estate, Inc.
| |
|
10/20/2023
|
2 Bed
|
2 Bath
|
1020 ft²
|
$339,000
2 Bed
2 Bath
1020 ft²
|
$309,000
-8.85%
01/26/2024
|
Elizabeth Montaner
Coldwell Banker Realty
| |
|
10/11/2023
|
2 Bed
|
2 Bath
|
1136 ft²
|
$350,000
2 Bed
2 Bath
1136 ft²
|
$318,000
-9.14%
11/22/2023
|
Barbara McCaffrey
Redfin Corp
| |
|
09/29/2023
|
2 Bed
|
2 Bath
|
1008 ft²
|
$299,900
2 Bed
2 Bath
1008 ft²
|
$275,000
-8.30%
08/21/2024
|
Julie Katcef
Engel & Volkers Annapolis
| |
|
09/03/2023
|
2 Bed
|
2 Bath
|
1009 ft²
|
$309,000
2 Bed
2 Bath
1009 ft²
|
$269,000
-12.94%
03/21/2024
|
Jaime Watt
Long & Foster Real Estate, Inc.
| |
|
08/08/2023
|
2 Bed
|
2 Bath
|
1048 ft²
|
$399,000
2 Bed
2 Bath
1048 ft²
|
$348,565
-12.64%
11/30/2023
|
Stephanie Henry
Keller Williams Flagship of Maryland
| |
|
07/18/2023
|
2 Bed
|
2 Bath
|
1005 ft²
|
$299,000
2 Bed
2 Bath
1005 ft²
|
$295,000
-1.34%
02/29/2024
|
Sherrie Weeks
Maryland Living, LLC
| |
|
06/16/2022
|
2 Bed
|
2 Bath
|
1008 ft²
|
$277,000
2 Bed
2 Bath
1008 ft²
|
-
-
|
Dawn Friend
Iron Valley Real Estate of Central MD
| |
|
08/13/2021
|
2 Bed
|
2 Bath
|
1154 ft²
|
$230,000
2 Bed
2 Bath
1154 ft²
|
-
-
|
Harmony Campbell
Coldwell Banker Realty
| |
|
06/04/2021
|
1 Bed
|
2 Bath
|
1047 ft²
|
$275,000
1 Bed
2 Bath
1047 ft²
|
-
-
|
Angela Shearer
Academy Realty Inc.
| |
|
01/10/2021
|
2 Bed
|
2 Bath
|
1017 ft²
|
$220,000
2 Bed
2 Bath
1017 ft²
|
$220,000
06/16/2021
|
Alex Tower Sears
| |
|
10/05/2020
| |
2 Bed
|
2 Bath
|
-
|
$284,900
2 Bed
2 Bath
|
-
-
|
-
|
|
12/03/2020
|
2 Bed
|
2 Bath
|
1048 ft²
|
$230,000
2 Bed
2 Bath
1048 ft²
|
$230,000
02/03/2021
|
NON MEMBER
Non Subscribing Office
| |
|
08/21/2020
|
2 Bed
|
2 Bath
|
1008 ft²
|
$249,900
2 Bed
2 Bath
1008 ft²
|
-
-
|
-
| |
|
06/11/2020
|
2 Bed
|
2 Bath
|
1008 ft²
|
$214,900
2 Bed
2 Bath
1008 ft²
|
$200,000
-6.93%
01/06/2021
|
Kyriacos Papaleonti
| |
|
06/05/2020
|
2 Bed
|
2 Bath
|
1154 ft²
|
$234,900
2 Bed
2 Bath
1154 ft²
|
-
-
|
-
| |
|
02/19/2020
|
2 Bed
|
2 Bath
|
1048 ft²
|
$265,000
2 Bed
2 Bath
1048 ft²
|
$265,000
07/08/2020
|
Kyriacos Papaleonti
| |
|
01/27/2020
|
2 Bed
|
2 Bath
|
1046 ft²
|
$265,000
2 Bed
2 Bath
1046 ft²
|
-
-
|
-
| |
|
09/11/2019
| |
2 Bed
|
2 Bath
|
-
|
$229,000
2 Bed
2 Bath
|
-
-
|
-
|
|
07/10/2019
|
2 Bed
|
2 Bath
|
1008 ft²
|
$210,000
2 Bed
2 Bath
1008 ft²
|
-
-
|
-
| |
|
06/14/2019
|
2 Bed
|
2 Bath
|
1154 ft²
|
$249,000
2 Bed
2 Bath
1154 ft²
|
$250,000
+0.40%
04/28/2020
|
Christopher Carr
| |
|
03/15/2019
|
2 Bed
|
2 Bath
|
1005 ft²
|
$215,000
2 Bed
2 Bath
1005 ft²
|
-
-
|
-
| |
|
02/21/2019
|
2 Bed
|
2 Bath
|
1046 ft²
|
$225,000
2 Bed
2 Bath
1046 ft²
|
$227,000
+0.89%
04/12/2019
|
Stephen Graves
| |
|
12/12/2018
|
2 Bed
|
2 Bath
|
1005 ft²
|
$205,000
2 Bed
2 Bath
1005 ft²
|
$197,000
-3.90%
04/12/2019
|
Jennifer Chino
| |
|
08/23/2018
| |
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
|
|
08/22/2018
|
2 Bed
|
2 Bath
|
1136 ft²
|
-
2 Bed
2 Bath
1136 ft²
|
-
-
|
-
| |
|
08/15/2018
|
2 Bed
|
2 Bath
|
1005 ft²
|
$219,900
2 Bed
2 Bath
1005 ft²
|
-
-
|
-
| |
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1007 ft²
|
-
2 Bed
2 Bath
1007 ft²
|
-
-
|
-
|
|
05/30/2017
|
2 Bed
|
2 Bath
|
1007 ft²
|
$213,000
2 Bed
2 Bath
1007 ft²
|
$213,000
10/18/2017
|
Edmund D Heffernan II
Coldwell Banker Realty
| |
|
09/01/2015
|
2 Bed
|
2 Bath
|
1154 ft²
|
$183,000
2 Bed
2 Bath
1154 ft²
|
$183,000
09/25/2015
|
Kyriacos Papaleonti
Academy Realty Inc.
| |
|
08/23/2013
|
2 Bed
|
2 Bath
|
1007 ft²
|
$149,900
2 Bed
2 Bath
1007 ft²
|
$149,900
09/30/2013
|
Nancy J Smith
Coldwell Banker Realty
| |
|
06/21/2013
|
2 Bed
|
2 Bath
|
1008 ft²
|
$150,000
2 Bed
2 Bath
1008 ft²
|
$144,000
-4.00%
08/29/2013
|
Patrick McCarthy
RE/MAX Leading Edge
| |
|
06/12/2013
|
2 Bed
|
2 Bath
|
1005 ft²
|
$150,000
2 Bed
2 Bath
1005 ft²
|
$148,500
-1.00%
10/25/2013
|
Jennifer K Chino
Coldwell Banker Realty
| |
|
03/19/2013
|
2 Bed
|
2 Bath
|
1136 ft²
|
$159,900
2 Bed
2 Bath
1136 ft²
|
$147,500
-7.75%
04/17/2013
|
Patrick McCarthy
RE/MAX Leading Edge
|
Building Info
2900 Shipmaster Way
2900 Shipmaster Way, Annapolis, MD 21401
- 1 Unit for Sale
About Parole
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$3,750 /mo
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- 2,006 ft²
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- 2 Baths
- 1,162 ft²
Listed by: Jaime Watt
Long & Foster Real Estate, Inc.
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDAA2072152
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Long & Foster Real Estate, Inc.
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDAA2072152
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017