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$749,000
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Property Description
Positioned directly on holes 1 and 9 of the prestigious Cove Creek Club golf course, this beautifully maintained home offers a rare opportunity to enjoy true golf course living on Maryland's Eastern Shore. Located within one of Kent Island's most sought-after gated waterfront communities, this property combines scenic fairway views, resort-style amenities, and low-maintenance luxury living, all just minutes from the Bay Bridge. Set on approximately one acre, this 3-bedroom, 2-bath home is thoughtfully designed for both comfortable everyday living and effortless entertaining. The community's private USGA-rated golf course, designed by renowned architect Lindsay Ervin, winds through rolling fairways and waterfront landscapes, creating one of the most unique golf and boating communities on the Eastern Shore. The course itself is known for its distinctive layout, offering 18-hole play through creative tee placements across 9 beautifully maintained holes. Inside the home, you're welcomed by a formal living room, while a second living space opens seamlessly into the kitchen and dining area. The gourmet kitchen features a Viking 5-burner stove, generous prep space, and an ideal setup for gatherings after a day on the course or water. A dedicated office/library with custom built-in cabinetry creates the perfect work-from-home space or quiet retreat overlooking the peaceful surroundings. Above the attached two-car garage, a fully conditioned bonus room offers flexible living space ideal for guests, a home gym, media room, or additional lounge area. Step outside and enjoy a fenced backyard with direct golf course ambiance and easy access to the clubhouse, marina, and waterfront amenities that make Cove Creek Club so desirable. To make enjoying the community even easier, a Club Car golf cart conveys with the property, perfect for cruising to the clubhouse, golf course, marina, or private beach. Residents enjoy access to: "¢ Private golf course "¢ Clubhouse "¢ Marina & boat ramp "¢ Private beach "¢ Tennis courts "¢ Waterfront walking areas "¢ Lawn maintenance included "¢ Well & septic maintenance covered by the community for this property This is more than just a home, it's a lifestyle built around golf, boating, waterfront living, and the relaxed elegance that makes Kent Island so special.
Full Property Details
Full Property Details for 301 Penny Dr
General
- Price: $749,000
- HOA FEE: $693/month
- Taxes: $4,997 (2025)
- Status: Active
- Type: Single Family
- Source: BrightMLSMidAtlantic
- MLS ID: MDQA2016970
- Updated: 6/1/2026
- Added to Site: 42 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main Floor Baths: 2
- Main - Full Baths: 2
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main & Up: 3
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Type: Driveway, Attached Garage
- Garage Description: Garage Door Opener
Location
- County: QUEEN ANNES
- Subdivision: COVE CREEK CLUB
- Driving Directions: Take US-50 West toward Annapolis, get off at Exit 37 for MD-8 (Romancoke Rd), turn left, go a few miles, turn right onto Long Point Rd, then right onto Penny Drive, and 301 will be on your right.
School Information
- School District: Queen Anne's County Public Schools
Community
- Association: Yes
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Private Septic Tank
- Water: Private
Structural Information
- Architectural Style: A-Frame
- Structure Type: Detached
- Construction: Frame
- Foundation: Slab
- Stories Description: Main
- Square Feet: 2,230
- Sq. Ft. Source: Estimated
- Living Area: 2,230 Sq. Ft.
- Finished Above Grnd: 2,230 Sq. Ft.
- Year Built: 1980
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.93
- Lot Size (Sq. Ft.): 40,510
- Lot Size Source: Assessor
- Zoning: NC-1
Financial Considerations
- Price Per Sq. Ft.: $335.87
- Association Fee: $693
- Assoc Fee Freq.: Monthly
- Assessment Year: 2026
- County Tax: $4,997
- County Tax Freq: Annually
- Tax w/Assessment: $556,100
- Tax Amount: $4,997
- Tax Year: 2025
- Tax Total Finished Sq. Ft.: 1886
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: A
Listed by Samson Properties, Jarnell Preston Foster
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Schools
Schools serving 301 Penny Dr
School District:Queen Annes County Public Schools
| Name | Grades | Distance |
|---|---|---|
Matapeake Elementary School 651 Romancoke Road, Stevensville, MD 21666 | PK-5 | 6.1 mi |
Matapeake Middle School 671 Romancoke Road, Stevensville, MD 21666 | 6-8 | 6 mi |
Kent Island High School 900 Love Point Road, Stevensville, MD 21666 | 9-12 | 8.2 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 301 Penny Dr
Date
Details
Price
Change
Source
4/23/2026
Listed
$749,000
49.8%
MLS
12/09/2020
Sold
$500,000
—
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 301 Penny Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,614
12%
$530,433
5%
2023
$4,124
—
$504,767
5%
2023
$4,124
21%
$479,100
37%
2021
$3,409
—
$349,200
—
2020
$3,409
—
$349,200
—
2019
$3,409
—
$349,200
—
2018
$3,410
—
$349,300
—
2017
$3,410
—
$349,300
—
2016
$3,410
-3%
$349,300
-3%
2015
$3,510
4%
$359,700
4%
2014
$3,383
—
$346,467
—
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 301 Penny Dr
301 Penny Drive, Stevensville, MD 21666 (MLS# MDQA2016970) is a Single Family property with 3 bedrooms and 2 full bathrooms. 301 Penny Drive is currently listed for $749,000 and was received on April 23, 2026. Want to learn more about 301 Penny Drive? Do you have questions about finding other Single Family real estate for sale in Stevensville? You can browse all Stevensville real estate or contact a Coldwell Banker agent to request more information.

