Property
Beds
14
Full Baths
9
1/2 Baths
None
Year Built
1950
Sq.Footage
5,371
Fact: There may not be another property like this currently available anywhere in Worcester County! --- 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.
Features & Amenities
Interior
-
Total Bedrooms
14
-
Bathrooms
9
-
Above Grade Finished Area
5371.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Other, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Central
-
Main Level Bedrooms
14
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
Driveway, Other
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
2.15
-
Lot Size(square feet)
93,654
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Other
Price
-
Sales Price
$1,750,000
-
Tax Amount
$7,508
-
Sq. Footage
5,371
-
Price/SqFt
$325
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Other
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
B
-
Water Source
Well
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Location
County
WORCESTER
Elementary School
Middle School
High School
Listing Courtesy of Grant K Fritschle , Keller Williams Realty Delmarva
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AGENT
Olivia Dibert
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