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$1,300,000 Just Listed
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Property Description
An incredible 'value-add' opportunity for an investor with the vision to transform this waterfront asset to be cash cow. This property is a diamond in the rough; it just takes the right vision to see the polished potential. Restaurant, The RIVAH, on Cobb Island was a well-established restaurant and marina located in Maryland for 35 years before the current owner took over. It had permit to play music outside. Large Eat in Restaurant, Tiki Bar Licnese was in place and may reapplied. Outdoor seating. Full Service Marina, 3 Docks, 88 Wet Boat slips & 45 Dry dock spaces with electric. Boat storage, 20 ton boat lift. Totally sale as is. Buyer is responsible to do all due diligence before the purchase. Property sale as is.
Full Property Details
Full Property Details for 12364 Neale Sound Dr
General
- Price: $1,300,000
- Taxes: $10,438 (2025)
- Status: Active
- Type: Warehouse
- Source: BrightMLSMidAtlantic
- MLS ID: MDCH2054342
- Updated: 5/5/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Marina, Restaurant/Bar, Recreation, Storage
Parking
- Total Spaces: 34
- Parking Features: Handicap Parking
- Parking Type: Parking Lot
Location
- County: CHARLES
- Driving Directions: Rt. 301 (Crain Hwy.) , turn on Rt. 257 ( Rock Point Road) to , Right on Rt. 254 ( Cobb Island Rd.) , Left on Main, left on Neal Sound to property on the right on Neale Sound
- Location Details: Free Standing
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Other
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Well
Structural Information
- Construction: Block
- Building Size: 4320
- Year Built: 1972
- Year Built Source: Assessor
Unit Information
- # Tenants: Single
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
Lot Features
- Property View: Water, Harbor, Marina
- Lot Size (Acres): 1.62
- Lot Size (Sq. Ft.): 70,654
- Lot Size Source: Assessor
- Zoning: CV
- Lot Description: Cleared, Open, Premium
Water Features
- Water Front: Yes
- Water View: Yes
- Navigable Water: Yes
- Water Access: Yes
- Water Front Type: River
Financial Considerations
- Price Per Sq. Ft.: $300.93
- Assessment Year: 2025
- Tax w/Assessment: $786,200
- Tax Amount: $10,438
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
Listed by Premiere Realty, Zhen Wang
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Schools
Schools serving 12364 Neale Sound Dr
School District:Charles County Public Schools
| Name | Grades | Distance |
|---|---|---|
Dr. Thomas L. Higdon Elementary School 12872 Rock Point Road, Newburg, MD 20664 | PK-5 | 8.3 mi |
Piccowaxen Middle School 12834 Rock Point Road, Newburg, MD 20664 | 6-8 | 8.5 mi |
La Plata High School 6035 Radio Station Road, La Plata, MD 20646 | 9-12 | 20.3 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 12364 Neale Sound Dr
Date
Details
Price
Change
Source
5/05/2026
Listed
$1,300,000
—
MLS
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 12364 Neale Sound Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,773
-17%
$786,200
—
2023
$12,905
—
$786,200
-17%
2023
$12,905
10%
$951,700
2%
2022
$11,736
-2%
$936,600
2%
2018
$11,937
-2%
$921,500
2%
2021
$12,180
—
$906,400
—
2020
$12,174
—
$906,400
—
2019
$12,119
-9%
$906,400
-10%
2018
$13,382
11%
$1,003,100
11%
2017
$12,004
13%
$900,533
13%
2016
$10,634
15%
$797,967
15%
2015
$9,272
—
$695,400
—
2014
$9,272
—
$695,400
—
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 12364 Neale Sound Dr
12364 Neale Sound Drive, Cobb Island, MD 20625 (MLS# MDCH2054342) is a Warehouse property. 12364 Neale Sound Drive is currently listed for $1,300,000 and was received on May 05, 2026. Want to learn more about 12364 Neale Sound Drive? Do you have questions about finding other Warehouse real estate for sale in Cobb Island? You can browse all Cobb Island real estate or contact a Coldwell Banker agent to request more information.

