14 Beds
9 Baths
5,371 SqFt
14 Beds
9 Baths
5,371 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 5,371 sqft
Price per Sqft $325
Subdivision Charles Lewis Farm
MLS Listing ID MDWO2039776
Style Other
Bedrooms 14
Full Baths 9
HOA Y/N N
Abv Grd Liv Area 5,371
Year Built 1950
Annual Tax Amount $7,508
Tax Year 2025
Lot Size 2.150 Acres
Acres 2.15
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
--- 2.15 waterfront acres. Six existing sewer EDUs. R-2 zoning. Intense Development Area (IDA) Critical Area Overlay. Two separate boat piers. Extensive Herring Creek frontage. Just minutes from Ocean City. ---
Try finding that combination again!
12326 Pine Rest Drive presents one of the most intriguing waterfront investment and redevelopment opportunities to reach the market in years. Whether your vision is restoring the existing improvements, creating a waterfront family compound, developing long-term rental housing, or exploring future redevelopment opportunities, this property gives you options that simply aren't available on most waterfront parcels.
--- Let's talk about the six existing sewer EDUs, because they're a really big deal.
An Equivalent Dwelling Unit (EDU) is the allocation of public sewer capacity required to support a dwelling unit. Without them, additional development simply isn't possible. Because available sewer capacity in Worcester County has become increasingly limited over the years, existing EDUs have become increasingly valuable. Having six already assigned to this property is an asset that's difficult to replicate and may be one of the most valuable components of this entire offering.
--- Then there's the zoning.
The property is zoned R-2 and lies within Worcester County's Intense Development Area (IDA) Critical Area Overlay, the highest-density Critical Area designation available for this zoning classification. While buyers should always verify future development possibilities directly with Worcester County, this combination provides a level of flexibility that's becoming increasingly difficult to find on waterfront property.
--- Don't overlook the waterfront itself.
This isn't your typical creek-front setting. Positioned along a particularly wide section of Herring Creek, the property enjoys expansive water views, deeper navigable water than many buyers would expect, and extensive shoreline with two separate piers capable of accommodating multiple boats. Whether you're heading out for a day on the bay or simply enjoying the view, the setting is simply impressive.
--- Now let's talk about what's already existing buildings.
The property includes multiple mini-cottages, a two-unit apartment, a three-bedroom residence with an attached two-bedroom cottage, and an oversized storage building. Every structure is being conveyed strictly As-Is and will require some level of renovation or improvement, which is reflected in the asking price. For the right buyer, however, the opportunity isn't just to improve individual buildings... it's to reposition an entire waterfront property.
Even better, all tenants have already received their required 60-day notices to vacate. The property will be delivered with all structures vacant and no leases in place, giving the next owner complete flexibility from day one.
--- The location only adds to the opportunity. Within minutes you're in Ocean City, the commercial harbor, Assateague Island, Route 50, restaurants, shopping, marinas, fishing, and everything that makes West Ocean City one of the Eastern Shore's most desirable waterfront markets. It's close enough to enjoy the convenience of Ocean City, while offering the space, privacy, and waterfront setting that's almost impossible to find on the island itself.
--- We've sold Ocean City and West Ocean City real estate for nearly 30 years, and here's what we've learned... The most valuable properties in the area combine things that are difficult (or impossible) to recreate....Waterfront. Acreage. 6 existing sewer EDUs. High-density zoning. Two piers.
Minutes from Ocean City.
Finding ONE of those advantages isn't unusual.
Finding ALL of them on the same property is!!
**MUST HAVE APPOINTMENT TO SHOW OR ACCESS PROPERTY.
Location
State MD
County Worcester
Area West Ocean City (85)
Zoning R-2
Rooms
Main Level Bedrooms 14
Interior
Hot Water 60+ Gallon Tank
Heating Central
Cooling Other
Furnishings No
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 10.0
Water Access N
Accessibility Other
Total Parking Spaces 10
Garage N
Building
Story 1
Foundation Other
Above Ground Finished SqFt 5371
Sewer Public Sewer
Water Well
Architectural Style Other
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Worcester County Public Schools
Others
Senior Community No
Tax ID 2410302641
Ownership Fee Simple
SqFt Source 5371
Special Listing Condition Standard
Nearby Locations
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