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Property Description & Video
48 E Lake Drive, Annapolis, MDVideo Tour of 48 E Lake Drive, Annapolis, MD.
Last available opportunity for a buildable Waterfront lot on Lake Ogleton in the coveted community of Bay Ridge in Annapolis! This .22 acre lot has been in the same family for the past 58 years and is coming to market for the first time. With 57 feet of waterfrontage on the sparkling shores of Lake Ogleton, the possibilities are endless for building the waterfront home of your dreams! This property is priced to sell quickly, at $361,000 below the tax assessed value! Contact your architect and take the first step toward bringing your vision of the ideal Annapolis lifestyle on the water! The sought-after Bay Ridge Community features a plethora of amenities, including a community pool with a clubhouse that overlooks the beautiful waters of the Bay, community beaches on both the River and the Bay, and a community Marina with a newly renovated clubhouse. Off-the-water activities include enjoying the basketball court, playground, ball fields, pickleball courts, common areas, and year-round community activities. Walk or ride your bike for miles along the water and enjoy all the benefits of the Bay Ridge lifestyle. There is no other place like it! Located just minutes from downtown Annapolis and Eastport, which offer the perfect balance of small-town charm and big world sophistication. Traveling or commuting is just as convenient by easily accessing Rt. 50 and 97, which provides direct access to Baltimore, BWI, Ft. Meade/NSA, and Washington, DC, or head over the Bay Bridge to the Eastern Shore for a quick beach vacation.
Full Property Details
Full Property Details for 48 E Lake Dr
General
- Price: $1,895,000
- Taxes: $21,060 (2025)
- Status: Active
- Type: Lots/Land
- Source: BrightMLSMidAtlantic
- MLS ID: MDAA2137314
- Updated: 4/17/2026
- Added to Site: 102 day(s) ago
Additional Information
- Shared Amenities: Baseball Field, Basketball Courts, Beach, Boat Dock/Slip, Boat Ramp, Common Grounds, Marina/Marina Club, Meeting Room, Mooring Area, Pier/Dock, Pool - Outdoor, Pool Mem Avail, Tot Lots/Playground, Water/Lake Privileges
Location
- County: ANNE ARUNDEL
- Subdivision: BAY RIDGE
- Driving Directions: Take Forest Drive until it turns into Bay Ridge Rd. Continue on Bay Ridge Rd until it becomes Farragut Road. Turn left onto E. Lake Dr. Lot is on your left. Welcome Home!
School Information
- School District: Anne Arundel County Public Schools
Utilities
- Sewer: Public Sewer
- Water: Well
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Property View: Lake, Panoramic, Scenic Vista, Water
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,790
- Lot Size Source: Assessor
- Frontage Feet: 45
- Irrigation Comments: Well
- Zoning: R2
- Lot Description: Cleared, Level, Premium
Water Features
- Water Front: Yes
- Water View: Yes
- Navigable Water: Yes
- Water Access: Yes
- Water Access Desc: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Sail, Swimming Allowed, Waterski/Wakeboard
- Water Front Type: Lake
- Water Front Name: Lake Ogleton
Financial Considerations
- Price Per Sq. Ft.: $193.56
- Assessment Year: 2026
- County Tax: $20,634
- County Tax Freq: Annually
- Tax w/Assessment: $2,256,900
- Tax Amount: $21,060
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Section: 7
- Lot Number: 49
Listed by TTR Sotheby's International Realty, Bradley R Kappel
Get Pre-Approved Today
Schools
Schools serving 48 E Lake Dr
School District:Anne Arundel County Public Schools
| Name | Grades | Distance |
|---|---|---|
Georgetown East Elementary School 111 Dogwood Road, Annapolis, MD 21403 | PK-5 | 1.8 mi |
Annapolis Middle School 1399 Forest Drive, Annapolis, MD 21403 | 6-8 | 3 mi |
Annapolis High School 2700 Riva Road, Annapolis, MD 21401 | 9-12 | 6.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 48 E Lake Dr
Date
Details
Price
Change
Source
2/23/2026
Listed
$1,895,000
-19.36%
MLS
1/09/2025
Sold
$2,350,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 48 E Lake Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,834
71%
$1,894,733
24%
2023
$12,781
—
$1,532,567
31%
2023
$12,781
11%
$1,170,400
6%
2022
$11,494
55%
$1,099,900
7%
2018
$7,425
-32%
$1,029,400
7%
2021
$10,872
13%
$958,900
13%
2020
$9,663
18%
$845,567
15%
2019
$8,185
17%
$732,233
18%
2018
$7,025
-1%
$618,900
—
2017
$7,062
—
$618,900
—
2016
$7,072
-39%
$618,900
-40%
2015
$11,672
—
$1,031,800
—
2014
$11,664
—
$1,031,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 48 E Lake Dr
48 E Lake Drive, Annapolis, MD 21403 (MLS# MDAA2137314) is a Lots/Land property with a lot size of 0.22 acres. 48 E Lake Drive is currently listed for $1,895,000 and was received on February 23, 2026. Want to learn more about 48 E Lake Drive? Do you have questions about finding other Lots/Land real estate for sale in Annapolis? You can browse all Annapolis real estate or contact a Coldwell Banker agent to request more information.

