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$2,475,000

  • Sold
  • Closed
  • Business
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The Inn is now easy to show so please schedule appointments. Spectacular and Successful 7 Bedroom/7.5 bath waterfront Bed & Breakfast located on one of St. Michael's most desirable locations. The renovations, design and craftsmanship leave no stone unturned. Recent renovations and improvements include roof, windows, electric and plumbing, wood siding, main sewer line, commercial grade appliances, kitchen cabinets, 3 propane commercial water on demand units and insulation. There is a beautiful 1 bedroom/bath manager's suite with a private deck. Each well-appointed guest room has its own marble bathroom. This impressive inn has plenty of common interior and exterior space to provide luxurious comfort to its guests. Conveniently located in the heart of St. Michaels allows one to enjoy all of the historic town's attractions, restaurants , marinas and shops.. There appears to be plenty of room for a waterside in-ground pool. This magnificent property would also make a wonderful full- time or part-time waterfront residence. Financials can be provided upon signing an NDA.

Full Property Details for 202 Cherry St

General

  • Sold For: $2,475,000
  • Taxes: $16,846 (2024)
  • Status: Closed
  • Type: Business
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDTA2006664
  • Added to Site: 363 day(s) ago

Business

  • Business Type: Bed and Breakfast

Interior

  • Flooring: Marble, Wood

Rooms

Bathrooms

  • Restrooms: 9

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Monitored, Smoke Detector, Sprinkler System - Indoor

Parking

  • Total Spaces: 7
  • Parking Type: Parking Lot

Location

  • Municipality: Saint Michaels
  • County: Talbot
  • Development Name: Historic St Michaels
  • Subdivision: Historic St Michaels
  • Driving Directions: Rt 33 to Saint Michaels, turn right onto Cherry Street
  • Location Details: Downtown
  • Historic District: Yes
  • City Limits: Yes

School Information

  • High School: Call School Board

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Ceiling Fan(s), Central A/C, Ductless/Mini-Split, Energy Star Cooling System, Programmable Thermostat
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Hot Water, Heat Pump - Electric BackUp, Heat Pump(s), Programmable Thermostat
  • Heating Fuel: Electric
  • Water Heater: Propane, Tankless, Instant Hot Water

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV, Multiple Phone Lines, Propane

Structural Information

  • Construction: Combination, Wood Siding
  • Roof: Architectural Shingle
  • Stories/Levels: 0
  • Year Built: 1860
  • Year Built Source: Assessor
  • Property Condition: Excellent

Unit Information

  • # Tenants: Multiple

Lot Features

  • Property View: Garden/Lawn, Harbor, Marina, River, Water
  • Lot Size (Acres): 0.26
  • Lot Size (Sq. Ft.): 11,315
  • Lot Size Source: Assessor
  • Fence: Yes
  • Lot Features: Bulkheaded, Flood Plain, Landscaping, No Thru Street, Premium, Stream/Creek
  • Zoning: R2
  • Lot Description: Bulkheaded, Flood Plain, Landscaping, No Thru Street, Premium, Stream/Creek

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Navigable Water: Yes
  • Water Access: Yes
  • Water Access Desc: Boat - Powered, Canoe/Kayak, Private Access
  • Water Front Type: River
  • Water Front Name: MILES RIVER / ST MICHAELS HARBOR
  • Dock/Slip Conveys: Yes
  • Docks: 1

Financial Considerations

  • Price Per Sq. Ft.: $714.29
  • Assessment Year: 2024
  • City/TownTax: $6,606
  • City/TownTax Freq: Annually
  • County Tax: $10,240
  • County Tax Freq: Annually
  • Tax w/Assessment: $1,559,400
  • Tax Amount: $16,846
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple

Listed by TTR Sotheby's International Realty, Robert D Lacaze
Sold by Meredith Fine Properties, Robert L Fitton II

Listing agent

— 202 Cherry St —

  • Robert D Lacaze

    TTR Sotheby's International Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 202 Cherry St

School District:Talbot County Public Schools
RatingNameGradesDistance
6
St. Michaels Elementary School
100 Seymour Ave, St Michaels, MD 21663
PK-60.5 mi
6
St. Michaels Middle-High School
200 Seymour Ave, St Michaels, MD 21663
7-120.5 mi
NR
Easton High School
723 Mecklenburg Ave, Easton, MD 21601
9-128.7 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 202 Cherry St

Date
Details
Price
Change
Source
8/30/2024
Sold
$2,475,000
-4.81%
MLS
5/20/2024
Price Reduced
$2,600,000
-5.45%
MLS
5/09/2024
Price Reduced
$2,750,000
-8.18%
MLS
2/06/2024
Price Reduced
$2,995,000
-6.41%
MLS
11/27/2023
Listed
$3,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by TTR Sotheby's International Realty, Robert D Lacaze
Sold by Meredith Fine Properties, Robert L Fitton II

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Recent Sales near 202 Cherry St

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202 Cherry St, Saint Michaels, MD 21663 - Photo 1 Sold
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  • Closed
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  • 9
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  • 3,640
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202 Cherry Street, Saint Michaels, MD 21663 (MLS# MDTA2006664) is a Business property that was sold at $2,475,000 on August 30, 2024. Want to learn more about 202 Cherry Street? Do you have questions about finding other Business real estate for sale in Saint Michaels? You can browse all Saint Michaels real estate or contact a Coldwell Banker agent to request more information.

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