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$2,950,000   Price Analysis
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37201 Gibson Rd
Bushwood, MD 20618
4 bed 2 bath 2,349 SqFt ($1255/SqFt)
13.89 acre lot. Built 1971
Listed 2024-04-16, Taxes $3,930
May be USDA loan restricted due to income limits
near Bushwood

Positioned below the confluence of the Potomac and Wicomico Rivers

In St Catherines Sound, youll find St. Margaret Island. The islands location provides calm, tranquil waters in the sound which are perfect for boating, swimming or enjoying the sand beach running along the sound while taking in the areas beauty from sunrise to sunset. The Island provides a peaceful escape, but also serves as a springboard for area exploration. Within a quick boat trip are summer getaway hotspots like Colonial Beach or Sharks Tooth Island for a day in the sun, historic Coles Point Tavern for a food, drinks and live music or of course the various bodies of water for boating and fishing. Amongst a long list of features making this a unique, truly once-in-a-generation opportunity is the property, residence and deep-water dock located on the mainland. This added parcel allows for a seamless lau nching point to park your vehicles, board your boat in waiting and cruise out of White Necks Creek over to St. Margaret Island for a remote respite. Island and Grounds St. Margaret Island is approximately 13.16 acres, boasting nearly 3, 000 ft +/- of shoreline, with over 2, 000 ft +/- in riprap shoreline. Guests arrive on the island via a nearly 275ft dock that will allow numerous vessels at any one time and boats over 42 ft. Once on the Island, the grounds consist of mature tree growth, an orchard, garden and agricultural field. The current owners have a small flock of peacocks that call the Island home, but youll often find Bald Eagles, owls and even deer that have crossed the sound enjoying the lush grounds.

Apart from the foliage and nature, the grounds host a main residence, guest cottage, 3-bay storage and work shed, garden shed and in-ground saltwater pool overlooking the Sound. Main House and Cottage While much of any guests time on St. Margaret Island will likely be spent outside on the grounds or on the wter, the Island features both a main house and a guest cottage. The colonial-style main home welcomes you through a screened front porch into a wood clad living space reminiscent of a quintessential Chesapeake Bay hunting and fishing cabin. Vaulted living room ceilings accentuate the natural brick, wood-burning fireplace and exposed wood beams. Large wrap around windows brings water views in to both floors, including the dining room as well as the upstairs primary bedroom. Also on the main level is the kitchen, dining room and a sleeping porch that has been enclosed to allow for year-round fresh air dining. The main house features a rustic cabin style kitchen with modern amenities such as a double oven and dishwasher. One of two full baths concludes the first level. On the second level there are 4 bedrooms, each with unique views of the water, as well as the second full bathroom. The guest cottage is located approximately 40 yards behind the main house, alongside the garden. The cottage is a standalone residence with 2 bedrooms, one full bathroom, kitchen and laundry, as well as a screened front porch. Mainland Home and Grounds The idea of an Island retreat is often a dream, but what if you want a quick overnight, waterfront get away? Maybe you want a day on the water boating, kayaking, fishing etc.? The mainland home is a 3-bed, 1-bath home with conditioned basement space on approximately .75 acres overlooking Whites Neck Creek with a dock over 175 ft long allowing for numerous vessels, including boats over 42ft. The parcel provides for multiple car parking and direct access to the dock, making a trip to the Island a breeze. This residence is currently occupied by rental tenants, but the property and Island owners have continued use of parking and dock. Note: additional property specific details can be found on the FAQ document.


Presented by David Desantis at
TTR Sotheby's International Realty.
Listing Agent Photo

Property MLS #MDSM2018338 from BrightMLS

Bedrooms: 4

Total Bathrooms: 2
Full Bathrooms: 2

Cooling Features: Window Unit(s)
Heating: Yes

Waterfront
Water access
Waterfront Feet: 3000

Lot Size Acres: 13.89
Lot Size Square Feet: 605048

Parking Features: Driveway

Association: No
Calculated Total Monthly Association Fees: 0

School District: ST. MARY'S COUNTY PUBLIC SCHOOLS

Dynard Elementary School is a public elementary school located approximately 4.5 miles away.
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Chopticon High School is a public high school located approximately 8.6 miles away.
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Margaret Brent Middle School is a public middle school located approximately 9.6 miles away.
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Holy Angels Sacred Heart School is a private elementary and middle school located approximately 1.5 miles away.
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Annual Tax Amount: 3772.0
Source Listing Status: Active
County: SAINT MARYS
Disclaimer: Standard
Ownership: Fee Simple
Source Property Type: Residential
Area: SAINT MARYS
Source Neighborhood: BUSHWOOD
Postal Code Plus 4: 2318
Subdivision: BUSHWOOD
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$352,600
$3,930
2021$81,500 + $264,700
$346,200
$3,860
2020$unknown + $unknown
$345,633
$3,852
2019$unknown + $unknown
$345,067
$3,778
2018$79,800 + $264,700
$344,500
$3,771
2017$79,800 + $264,700
$344,500
$3,752
2016$79,800 + $264,700
$344,500
$3,767
2015$81,000 + $264,700
$345,700
$3,740
2014$81,000 + $264,700
$345,700
$3,636
2013$unknown + $unknown
$345,700
$3,715
2012$unknown + $unknown
$374,800
$4,017
2011$unknown + $unknown
$374,800
$3,987
2010$unknown + $unknown
$374,800
$3,987
2009$unknown + $unknown
$463,800
$4,913
2008$unknown + $unknown
$384,422
$3,725

Listed 2024-04-16
$2,950,000
BrightMLS
Listing removed 2024-01-26
$0
BrightMLS
Price Changed 2023-11-30
$2,950,000
BrightMLS
Listed 2023-02-02
$3,750,000
BrightMLS
Sold 1996-06-27
$169,000
Public Record

Year Built: 1971
Above Grade Finished Area: 2349
Below Grade Unfinished Area: 864
Construction Materials: Frame
Property Age: 53
Levels or Stories: 2
Structure Type: Detached
House Style: Colonial, Cottage
Total Area Sqft: 3213
Total Below Grade Area: 864
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.