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$725,000 -$25,000 (-3.33%) Price Reduced

  • For Sale
  • Active
  • Commercial Institutional
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For Sale: A rare and exceptional property located in the historic Town of New Windsor. Commonly referred to as, "Atlee House", 120 Water Street ("The Property") once operated as a full-service Bed & Breakfast and Cafe. The Colonial-style mansion is +/- 5,242 sf in size and improved with 6 bedrooms, 5 full bathrooms, 3 half bathrooms, and a private owner's quarters on +/- 0.88-acres. 120 Water Street was originally built c. 1800 by Isaac Atlee, who founded the town of New Windsor. This property combines an impressive structure with an incomparable location, sure to be of interest to religious and institutional organizations as well as those seeking an impressive country estate. Purchase price is based on conveying the property vacant with attached commercial kitchen equipment but ownership will consider selling most of the Furniture, Fixtures & Equipment (FF&E) for additional consideration. 120 Water Street presents a truly rare opportunity to become a part of the New Windsor community in Carroll County, Maryland.

Full Property Details for 120 Water St

General

  • Price: $725,000
  • Taxes: $5,682 (2024)
  • Status: Active
  • Type: Commercial Institutional
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDCR2023926
  • Updated: 6/3/2026
  • Added to Site: 568 day(s) ago

Business

  • Business Type: Institutional, Professional, Religious Facility, Scho

Interior

  • Flooring: Wood, Carpet, Ceramic Tile

Parking

  • Total Spaces: 8
  • Parking Features: Paved Parking, Private
  • Parking Type: Driveway, Parking Lot

Location

  • County: CARROLL
  • Driving Directions: Route 140W to Left on Route 31 - Continue on to Min Street in New Windsor - Right on Water Street to property.
  • City Limits: Yes

School Information

  • Elementary School: Elmer A Wolfe
  • Middle School: Northwest
  • High School: Francis Scott Key Senior

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air, Zoned, Heat Pump(s)
  • Heating Fuel: Propane - Owned, Electric
  • Water Heater: 60+ Gallon Tank

Utilities

  • Sewer: Public Sewer, On Site Septic
  • Water: Public, Well
  • Utility Description: Propane, Water Available, Electric Available, Cable TV Available

Structural Information

  • Construction: Brick, Wood Siding, Combination
  • Roof: Metal, Asphalt
  • Building Size: 5242
  • Year Built: 1800
  • Year Built Source: Estimated
  • Property Condition: Excellent

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1

Lot Features

  • Property View: Garden/Lawn
  • Lot Size (Acres): 0.88
  • Lot Size (Sq. Ft.): 38,332
  • Lot Size Source: Estimated
  • Zoning: COMMERCIAL
  • Lot Description: Landscaping

Financial Considerations

  • Price Per Sq. Ft.: $138.31
  • Assessment Year: 2024
  • City/TownTax: $1,056
  • City/TownTax Freq: Annually
  • Tax w/Assessment: $404,000
  • Tax Amount: $5,682
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Hogan Companies Residential, Victor White

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Listing agent

— 120 Water St —

  • Victor White

    Hogan Companies Residential

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 120 Water St

School District:Carroll County Public Schools, Westminster, MD
NameGradesDistance
Elmer A. Wolfe Elementary School
119 North Main Street, Union Bridge, MD 21791
PK-54.2 mi
Northwest Middle School
99 Kings Drive, Taneytown, MD 21787
6-88.1 mi
Francis Scott Key High School
3825 Bark Hill Road, Union Bridge, MD 21791
9-123.6 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 120 Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/03/2026
Price Reduced
$725,000
-3.33%
MLS
10/02/2025
Price Reduced
$750,000
-6.13%
MLS
5/14/2025
Price Reduced
$799,000
-6%
MLS
11/13/2024
Listed
$850,000
115.19%
MLS
8/30/2019
Sold
$395,000
—
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 120 Water St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,622
—
$412,633
2%
2023
$5,622
23%
$404,000
—
2022
$4,565
-15%
$404,000
-4%
2019
$5,359
-8%
$418,800
—
2021
$5,828
—
$418,800
—
2020
$5,828
-5%
$418,800
-6%
2019
$6,143
—
$444,700
—
2018
$6,143
—
$444,700
—
2017
$6,143
-2%
$444,700
-2%
2016
$6,278
4%
$454,500
—
2015
$6,052
-1%
$454,500
—
2014
$6,097
—
$454,500
—
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 120 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 Hogan Companies Residential, Victor White

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120 Water Street, New Windsor, MD 21776 (MLS# MDCR2023926) is a Commercial Institutional property. 120 Water Street is currently listed for $725,000 and was received on November 13, 2024. Want to learn more about 120 Water Street? Do you have questions about finding other Commercial Institutional real estate for sale in New Windsor? You can browse all New Windsor real estate or contact a Coldwell Banker agent to request more information.

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