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$450,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 2 Partial Baths
  • 3,300 Sq. Ft.
  • Updated 2 days ago
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Mixed-use commercial property offering exceptional exposure in a sought-after location. The first floor commercial space features about 1800+ sq' separated between a large retail space, office/kitchen , and storage space. The second floor includes a 2-bedroom, 1-bath apartment-ideal for owner occupancy or rental income. Seller financing may be available for buyers with 20% down, 5% interest, amortized at 15 years with a 5 year balloon. The building offers flexible layout potential and is truly ready for your vision. Downstairs can easily be divided into three sections to rent out separately. Situated on nearly a half-acre lot, the property boasts a generous parking area with 12+ spaces and room for future expansion. A rare opportunity for entrepreneurs, investors, or owner-operators looking to establish or grow their business in the heart of Centreville. Take advantage of the seller financing opportunity and 5% rate!

Full Property Details for 305 E Water St

General

  • Price: $450,000
  • Taxes: $5,577 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDQA2018338
  • Updated: 8/19/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Upper Floor Baths: 1
  • Upper - Full Baths: 1
  • Main Floor Baths: 2
  • Main - 1/2 Baths: 2

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Upper: 2

Other Rooms

  • Laundry: Has Laundry, Upper Floor

Parking

  • Total Spaces: 12
  • Parking Type: Parking Lot

Location

  • Municipality: Centreville
  • County: QUEEN ANNES
  • Driving Directions: gps
  • City Limits: Yes

School Information

  • School District: Queen Anne's County Public Schools

Heating & Cooling

  • Cooling Type: Wall Unit, Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Hot Water
  • Heating Fuel: Oil
  • Water Heater: Propane

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Structure Type: Detached
  • Construction: Block
  • Foundation: Slab
  • Roof: Architectural Shingle
  • Stories/Levels: 2
  • Stories Description: Main, Upper 1
  • Square Feet: 3,300
  • Sq. Ft. Source: Assessor
  • Living Area: 3,300 Sq. Ft.
  • Finished Above Grnd: 3,300 Sq. Ft.
  • Year Built: 1962
  • Year Built Source: Assessor

Lot Features

  • Lot Size (Acres): 0.47
  • Lot Size (Sq. Ft.): 20,400
  • Lot Size Source: Assessor
  • Zoning: C3

Financial Considerations

  • Price Per Sq. Ft.: $136.36
  • Assessment Year: 2026
  • City/TownTax: $2,214
  • City/TownTax Freq: Annually
  • County Tax: $3,362
  • County Tax Freq: Annually
  • Tax w/Assessment: $433,400
  • Tax Amount: $5,577
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 3300

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Chesapeake Real Estate Associates, LLC, Maryn J. LeClair

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Listing agent

— 305 E Water St —

  • Maryn J. LeClair

    Chesapeake Real Estate Associates, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 305 E Water St

School District:Queen Annes County Public Schools
NameGradesDistance
Kennard Elementary School
420 Little Kidwell Avenue, Centreville, MD 21617
3-50.4 mi
Centreville Elementary School, Centreville, MD
213 Homewood Avenue, Centreville, MD 21617
PK-20.6 mi
Centreville Middle School
231 Ruthsburg Road, Centreville, MD 21617
6-80.9 mi
Queen Anne's County High School
125 Ruthsburg Road, Centreville, MD 21617
9-120.2 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 305 E Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/19/2026
Listed
$450,000
233.33%
MLS
1/21/2000
Sold
$135,000
—
Public Record
Get Price Alerts and Save Property
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 for 305 E Water St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,577
-3%
$433,400
5%
2023
$5,763
—
$414,000
5%
2023
$5,763
—
$394,600
1%
2023
$5,763
21%
$390,167
2%
2021
$4,745
—
$380,700
—
2020
$4,734
—
$380,100
—
2019
$4,749
6%
$379,500
6%
2018
$4,492
6%
$356,500
7%
2017
$4,249
9%
$333,500
7%
2016
$3,895
-2%
$310,500
1%
2015
$3,956
-3%
$307,833
1%
2014
$4,086
—
$305,167
—
View All
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 for 305 E Water St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Chesapeake Real Estate Associates, LLC, Maryn J. LeClair

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305 E Water Street, Centreville, MD 21617 (MLS# MDQA2018338) is a Single Family property with 2 bedrooms, 1 full bathroom and 2 partial bathrooms. 305 E Water Street is currently listed for $450,000 and was received on August 19, 2026. Want to learn more about 305 E Water Street? Do you have questions about finding other Single Family real estate for sale in Centreville? You can browse all Centreville real estate or contact a Coldwell Banker agent to request more information.

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