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Ewell MD Real Estate & Commercial for Sale

1 Properties Found

The median home value in Ewell, MD is $116,000. This is higher than the county median home value of $90,000. The national median home value is $231,815. The average price of homes sold in Ewell, MD is $116,000. Approximately 53.67% of Ewell homes are owned, compared to 6.67% rented, while 39.33% are vacant. Ewell real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Ewell real estate agent to arrange a tour today!
Learn more about Ewell Real Estate.


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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
MDSO103646
Type:
General Commercial
Subdivision:
Smith Island
Lot size:
0.22 Acres
Year built:
1900
Courtesy: Keller Williams Realty Delmarva
View additional info

Once in a lifetime commercial opportunity on Smith Island off the Tangier Sound. The Smith Island Bed and Breakfast is being offered for sale. This B&B business has a total of 4 residences the owner has successfully operated for several years. The list price is for the main house only, located at 20947 Caleb Jones Rd. This residence is 3BD, 3BA. The second guest residence is located at 4029 Tyler Rd (Oystermen's Pearl House,) has 3BD and 1.5BA and is listed for $120,000, the third guest house is located at 20805 Severn Rd (Grant's Handi-House) with 2BD, 1BA (handicap accessible) and has a list price of $80,000, and the last guest home, located at 20809 Severn Rd (Michele's House) has 3BD, 2BA (handicap accessible) and is listed for $135,000. The combined residences Innkeeper and Food service GOI is $60,400 and the 2019 expenses were: $4476 payroll, RE Taxes $1441, Workman's Comp $172, Water $100, Electric $642, Food $720, Licenses $50, Insurances $1928, and Internet $1068 for an NOI of $49,815. To take full financial advantage, it is suggested all four residences be purchased together. The B&B and guests residences are cooled by wall units and heated by baseboard, but with a temperate high of 80 degrees in the summer months, these are more than sufficient for personal comfort. ABOUT SMITH ISLAND: Smith Island is an idyllic place to put all your troubles behind and shed the elbow to elbow stress of city life. This 5 mile by 3 mile island is located in one of the most well hidden enclaves of yesteryear on the Chesapeake. Founded by Capt Smith in the 17th century, seasonal occupation by Native Americans goes back more than 12,000 years. Smith Island is rich in maritime history and is the home to the original Smith Island Cake. It's said even Bluebeard made Smith Island his occasional resting place between his pirating ventures. You'll find very few automobiles here, but a lot of golf carts and bicycles to easily get around. All trash is incinerated at the community incinerator, there is community water and home waste disposal, so no septic or well to contend with. There is NO HOA fee and NO land lease. Smith Island is a waterman's and crabbing paradise and is only accessible by ferry or private yacht across the Tangier Sound. Residents of the Island can trace their ancestry back 13 generations to England and Wales, and Smith Island is inhabited by one of the region's oldest English-speaking communities, sometimes inaccurately thought to be described as 'Elizabethan' or 'Shakespearean.' If you're looking for a place to call home, a new business venture in the hospitality profession, or as a vacation landing place like no other, then chart a course for Smith Island. There are restaurants, gas, (for your boats and few cars on the island,) rental bikes, kayaks, golf carts, and more. There is no police force on the Island but it won't take long to discover the friendliness of the islanders makes it unnecessary. There is a volunteer fire department and grade school for the tykes as well as a community center. Come, see what the Chesapeake has to offer you.

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