Waterfront lot sales are complex, especially considering the ever-changing government rules and regulations concerning their use. In general, waterfront properties are site specific; each one is unique based on many variables that can have a significant influence on the market value:

1- Location
2- Water depth MLW (mean 19 year, low water)
3- Distance to big water (the bay or a large river)
4- Water traveling conditions (sand bars, shoals, severe depth changes. etc)
5- Elevation above the water
6- Location of 100 foot (now 200 feet) “Buffer Zone” (100 year mean high tide)
7- Nature and scope of the water view, protected vegetation
8- Ability to “perc,” type of septic system and location of septic field
9- Unique site features
10- Permitted building envelope
11- Number of buildings allowed
12- Number of bedrooms permitted
14- Size and configuration of dock and piers
15- Other zoning and building rules
 
There is a variety of special considerations when purchasing waterfront property in the Chesapeake Bay region of Maryland. For example, all land located within 1,000 feet of tidal waters is considered part of the Chesapeake Bay "Critical Area" and any portion of property located within 100 feet of the Mean High Water Line of tidal wetlands and tributary streams is subject to "Buffer Zone" protection.

Also, be careful of using just acreage as a value guide. A 5-acre lot may have the same value as a 10-acre lot, if only one building can be constructed.  Often a buyer would prefer to have a smaller site and be willing to pay more than if it were much larger. There is an old saying that "a lot is a lot is a lot."

If anyone has any questions about this and are thinking of purchasing waterfront property, let us know and we can help you with this complex process.

410-829-6061 or email: thehalls@chesapeakelifestyles.com