See Home Value
Talbot 21673
5161 OCEAN GATEWAY
$505,000
● House - Off Market

5161 OCEAN GATEWAY

TRAPPE, MD 21673
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,700 Ft²
$2,801
Est. Monthly
5.20%
Cap Rate

About This Property

Gracefully sited on a secluded tree-shaded acre between the Chesapeake Bay Bridge and Ocean City, MD, this designer brick residence has been meticulously reimagined to offer an exceptional living experience, combining classic craftsmanship with luxurious modern updates. Encompassing approximately 2,700 square feet, the home features 3 bedrooms, 3.5 baths, and a series of richly detailed living spaces designed for both elevated everyday living and elegant entertaining. The main level unfolds with sophistication, where a striking accented fireplace anchors the generously sized living room, complemented by a custom wet bar with wine refrigeration, perfectly suited for intimate gatherings or cocktail parties. The dining area transitions smoothly into the heart of the home, an elite kitchen that balances beauty and precision. Outfitted with beautiful quartz countertops, a glass cooktop with pot filler above, double wall ovens, and a functionally inviting island with seating, this culinary space is finished with custom tilework and tailored cabinetry offering integrated concealed storage for all of chefs' culinary needs. A walk-in pantry provides additional function without sacrificing form.

Adjacent to the living room, a stylish entryway welcomes you in from the oversized attached garage, featuring built-in cubbies and bench seating, designed with the needs of modern living in mind. Laundry is discreetly positioned near the main floor bedrooms for added convenience. The private quarters on the main level include three well-appointed bedrooms and a beautifully renovated hall bath. The luxurious primary suite, complete with a spacious walk-in closet and a spa-inspired ensuite bath, is finished in refined materials and serene tones. Throughout the home, oversized windows frame idyllic views of the surroundings, inviting in natural light and offering a peaceful backdrop that enhances the home's quiet elegance.

Ascend the custom-crafted steel railing to the redesigned upper level, where an inviting loft, a private home office, an expansive bonus room, and a full bath offer endless flexibility for guests, work, or retreat. Every detail reflects intentional design and uncompromising quality-from wide-plank LVP flooring and recessed lighting to the brand-new roof, windows, water heater, and HVAC systems that provide comfort and peace of mind. This private retreat is nestled among mature trees and framed by sweeping views, offering a sense of seclusion while remaining just minutes from the boutiques, restaurants, and marinas that define the charm of Eastern Shore living. Enjoy effortless access to the region's most beloved destinations, with scenic cruises to Oxford, Easton, and St. Michaels all within easy reach.
Unit Size
2,700 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$193
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1974

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Last updated: 2 years ago (Bright MLS #MDTA2011240)

Price History

Date / Event Date Event Price
Aug 15, 2025 Sold
Sold
Jul 14, 2025 In contract -
In contract
Jun 30, 2025 Listed by Meredith Fine Properties $519,900
Listed by Meredith Fine Properties
May 8, 2025 Price Decreased $549,900
↓ $19K (3.4%)
Price Decreased
Mar 28, 2025 Price Decreased $569,000
↓ $31K (5.2%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 320
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,508
  • Gross Building Area: 2,508
  • Building Area: 2,508
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 2,508
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SULLIVAN RALPH M LAND
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: R-C001
  • Legal Description 1: 1 AC E/S RT 50 S OF HOLE IN WALL

Neighborhood

  • School District Name: Talbot County Public Schools
  • Census Tract: 960900

Zoning

  • Zoning: A2

Geography

  • Assessors Map Reference: 48 24 91
  • Account Number: 120805
  • District: 03
  • Parcel: 03-120805
  • Latitude: 38.6909
  • Longitude: -76.0591

    Address

  • Full Address: 5161 Ocean Gtwy
  • Address - House Number: 5161
  • Address - Street Name: Ocean
  • Address - Suffix Type: Gtwy
  • State: MD
  • City Name: Trappe
  • Carrier Code: R732
  • 4-Digit Zip Code: 2023
  • Zip Code: 21673

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $117,533
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.185
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 75
  • Final Value: 473,178
  • High Value: 560,721
  • Low Value: 385,636

    Market Valuation

  • Market Total Value: $298,700
  • Market Land Value: $80,000
  • Market Improvement Value: $218,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $298,700
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $218,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 21, 1989
  • Current Sale Recording Date: Mar 21, 1989
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 07, 1987
  • Previous Sale Contract Date: Aug 07, 1987
  • Previous Sale Amount: $96,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Talbot


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1670 Lake Placid Drive, TRAPPE, MD, 21673

$2,650 /mo

  • 4 Beds
  • 2 Baths
  • 1,778 ft²
1670 Lake Placid Drive, TRAPPE, MD, 21673 Listing by Monaj Kumar Rathi
Unit for rent at 1410 Lake Geneva Drive, TRAPPE, MD, 21673

$2,350 /mo

  • 3 Beds
  • 2 Baths
  • 2,254 ft²
1410 Lake Geneva Drive, TRAPPE, MD, 21673 Listing by Monaj Kumar Rathi


Frequently Asked Questions

When was property at 5161 Ocean Gateway built and last sold?
The property at 5161 Ocean Gateway was built in 1974 and last sold on Mar 21, 1989 for $135,000.
How much is this home worth?
The estimated value of the home located at 5161 Ocean Gateway is $533,765.
What are some comparable homes to 5161 Ocean Gateway?
There are currently no comparable homes to 5161 Ocean Gateway.