Real Estate & Investment Property Services in Annapolis, MD
Annapolis is one of the most distinctly positioned real estate markets in the entire Mid-Atlantic and one of the most resilient. Maryland’s capital city, the home of the U.S. Naval Academy, a premier Chesapeake Bay waterfront destination, and a community with 30% growth in median home values over the past decade: that combination doesn’t come together in many markets. And it doesn’t come apart easily either.
In January 2026, Annapolis home prices were up 0.8% compared to last year, selling for a median price of $660K, with the median sale price per square foot at $336, up 18.3% year over year. That 18.3% sq ft appreciation is one of the strongest in Anne Arundel County, a signal of the quality premium buyers are placing on Annapolis’s irreplaceable combination of waterfront access, historic character, and institutional demand anchors.
The market ranges dramatically by neighborhood. Downtown Annapolis features historic properties with a median single-family home price of $1,447,500. The waterfront community of Eastport commands a median single-family home price of $1,102,500. West Annapolis Wardour provides a more suburban feel with a median single-family home price of $790,000. The citywide median sale price stands at $615,000, with townhomes at $485,000 and condos ranging from $343,000 for one bedroom to $399,000 for two bedrooms. That range from $343,000 condos to $14M+ waterfront estates creates one of Maryland’s widest investment spectrums in a single city.
Fortune Homes MD serves Annapolis with five full-service real estate and construction solutions: house remodeling, fix & flip, new construction, rental investments, and commercial property investment. We work across Eastport, Downtown/Historic District, Murray Hill, West Annapolis, Admiral Heights, Homewood, Parole, Bay Ridge, Epping Forest, Hillsmere Shores, and every Annapolis community in between understanding what each neighborhood’s distinct buyer profile and investment ceiling demands in 2026.
What We Deliver in Annapolis:
- Luxury house remodeling for investment and owner-occupied properties
- Fix & flip renovations across Annapolis’s wide price spectrum
- New construction and custom waterfront builds
- Rental investment sourcing, strategy, and renovation
- Commercial property investment and development
Why Annapolis Is Anne Arundel County's Most Prestigious Investment Market
Annapolis’s investment case is built on structural demand drivers that have sustained values through multiple market cycles and a location that simply cannot be replicated.
The Annapolis housing market remains a seller’s market heading into 2026, with a median sale price near $660,000 and only about 1.9 months of inventory. The U.S. Naval Academy isn’t just Annapolis’s most famous landmark, it’s one of the city’s most powerful real estate demand drivers, creating steady demand from rotating military families, staff, and graduation-season tourism.
Annapolis is a great place for investing in real estate. It has a rich history, lively maritime culture, and is in demand for its urban and waterfront areas. The data shows median home prices went up by 3.5% over the past year, with homes quickly bought, often in about 15 days.
Due to its desirable waterfront location, its proximity to Washington D.C. and Baltimore, and its limited availability of raw land, Annapolis has quickly become one of the Mid-Atlantic region’s most desirable housing markets. That last point limited raw land is the most powerful long-term value protection mechanism any market can have. You can’t build more Spa Creek waterfront. You can’t replicate the Maryland State House streetscape. Supply constraint is permanent here.
- U.S. Naval Academy 4,000+ Midshipmen plus faculty, civilian staff, and family housing creating year-round institutional demand. PCS (Permanent Change of Station) rotation cycles create a constant inflow of new buyers and renters
- Maryland State House the oldest state capitol building in continuous legislative use in America anchors state government employment and tourism year-round
- Anne Arundel Medical Center the largest employer in Annapolis with more than 2,500 employees anchoring healthcare professional housing demand
- 500+ miles of Bay and waterfront access Chesapeake Bay, Severn River, South River, Spa Creek, and dozens of creek and cove communities create lifestyle-driven property premiums across the city
- The city’s 6% yearly population growth for the last thirty years means there’s consistent demand, keeping the real estate market strong for future growth.
- The outskirts of Annapolis have developed in 20-year waves and right on time, a new wave of homes and retail is shaping up in Parole, promising the latest transformation of this area.
- No rent stabilization law in Anne Arundel County landlords retain full rent-setting flexibility
- Median sale price January 2026: ~$660K (Redfin) | ~$650K (Movoto)
- Average home value (Zillow): $571,768, up 2.4% YoY, going to pending in ~6 days
- Price per sq ft: $336, up 18.3% YoY (Redfin)
- Days on market: 49–65 days overall; well-priced properties go pending in ~15–25 days
- Inventory: ~1.9 months of supply firmly seller’s market territory
- Neighborhood range: Downtown $1.4M+ | Eastport $1.1M+ | West Annapolis $790K | Citywide median $615K
- Condo median: $343K–$399K | Townhome median: $485K | Single-family: varies enormously by water access
- Average rent: 1BR $2,139–$2,151 | 2BR $2,430–$2,564 | Overall median: ~$1,768–$2,097/month
- No rent stabilization full landlord flexibility
Our Services in Annapolis, MD
House Remodeling Annapolis
Annapolis’s housing stock is one of the most architecturally diverse and historically complex renovation environments in Maryland. Within a few blocks of each other, you can find 18th-century colonial townhomes on Maryland Avenue, 1920s Craftsman bungalows in Murray Hill, mid-century Cape Cods in Admiral Heights, 1970s–1980s ramblers and split-levels in Parole, and waterfront estates on Eastport’s peninsula commanding views of Spa Creek and the Severn River.
Each era and each neighborhood demands a renovation approach calibrated to its specific context. If your home is within the Annapolis Historic District, buyers will expect disclosure of any historic preservation restrictions that may affect renovations or exterior modifications. These restrictions can actually be a selling point; they protect the character of the neighborhood and help maintain property values. Our team navigates the Annapolis Historic District guidelines, the State Historic Preservation Office requirements, and the city’s design review process as a standard part of every historic district renovation project.
For waterfront properties particularly in Eastport, Epping Forest, Bay Ridge, and along the Severn River renovation strategy requires waterproofing expertise, marine-grade material selection, dock and pier knowledge, and an understanding of Critical Area regulations that govern construction within 1,000 feet of the Chesapeake Bay and its tidal tributaries.
Non-waterfront Craftsman-style cottages and Cape Cods trade in the $600,000–$900,000 range, while waterfront estates with private docks and Spa Creek or Bay views can easily reach $2M–$6M. Renovation investment must match and in this market, it pays.
Our Annapolis Remodeling Services Include:
- Kitchen remodeling custom cabinetry, quartz/quartzite countertops, premium appliance packages, butler’s pantries, open-concept conversions
- Bathroom remodeling spa-level master suites, heated floors, frameless glass enclosures, freestanding tubs, luxury tile
- Basement finishing home theater, wine cellar, bonus suite, home office
- Whole-home renovation and luxury pre-sale preparation
- Historic property renovation Historic District design guideline-compliant updates for Maryland Avenue, State Circle, and surrounding areas
- Waterfront property renovation decks, piers, outdoor entertaining spaces, Critical Area-compliant waterproofing
- Room additions and structural expansions
- ADU construction on eligible lots
- Smart home integration Annapolis’s professional and Naval Academy buyer base values connectivity
Typical Remodeling Investment in Annapolis by Tier:
- Parole / Homewood condos and townhomes: $15,000 – $50,000
- Admiral Heights / West Annapolis mid-tier: $30,000 – $80,000
- Murray Hill / Historic District: $45,000 – $120,000 (with historic compliance)
- Eastport / waterfront single-family: $65,000 – $200,000+
- Downtown Annapolis luxury / waterfront estates: $150,000 – $500,000+
Timeline: 3–24 weeks depending on scope and historic/waterfront complexity
- Explore House Remodeling Services
- Kitchen Remodeling Maryland
- Bathroom Remodeling Maryland
Fix & Flip Annapolis
Annapolis’s fix-and-flip market is one of the most nuanced in Maryland, a multi-tier market where the right neighborhood, the right renovation scope, and the right buyer understanding are what separate exceptional profits from mediocre returns.
At the entry tier, Parole’s condos and townhomes in the $343,000–$485,000 range offer the most accessible fix-and-flip entry points in the city. These properties target first-time buyers, young professionals, and Naval Academy civilian staff who want Annapolis access without downtown pricing. A focused renovation: updated kitchen, fresh bathrooms, clean flooring, and strong exterior appeal. ARV ceiling: $420,000–$580,000 for well-executed projects.
At the premium tier, Eastport homes range from around $700,000 to $1,000,000, with some palatial estates going for much more. Eastport stands out with its maritime heritage and a strong sense of community known for waterfront properties offering stunning views of the Severn River and Chesapeake Bay, boating culture with several marinas and yacht clubs, and high demand continuously attracting buyers seeking a blend of urban and waterfront lifestyles.
A well-executed Eastport renovation, premium kitchen, spa master bath, updated outdoor deck and waterfront access features, smart home integration can push a $750,000 acquisition to a $1,100,000+ resale. The Eastport buyer is a national pool: if you own waterfront property on the Eastport peninsula, your buyer pool is national and often international.
Downtown Annapolis features a median sale price of $1,002,750 over the last 12 months, up 18% from the year prior, with homes selling in an average of 16 days. the fastest market pace in the city and the strongest recent appreciation. Downtown flips targeting the $1M+ buyer require premium execution: custom millwork, historic preservation sensitivity, and finishing details that signal genuine quality.
- Property acquisition support and Annapolis neighborhood-specific ARV analysis
- Historic District design guideline compliance for all applicable properties
- Waterfront and water-oriented property renovation Critical Area compliance, dock/pier updates
- Luxury kitchen and bathroom renovations to Annapolis market standards
- Open-concept structural conversions for mid-century and older floor plans
- Marine-grade exterior material specification for waterfront properties
- Pre-listing staging coordination Annapolis’s sophisticated buyer pool responds to quality presentation
- Entry (Parole condos / townhomes): Acquire $290K–$420K | Renovate $20K–$45K | ARV $390K–$540K
- Mid-tier (West Annapolis / Admiral Heights / Homewood): Acquire $520K–$720K | Renovate $55K–$100K | ARV $660K–$880K
- Premium (Eastport non-waterfront / Murray Hill): Acquire $700K–$950K | Renovate $90K–$170K | ARV $900K–$1.2M+
- Luxury (Eastport waterfront / Downtown / Historic District): Acquire $900K–$1.5M+ | Renovate $150K–$350K | ARV $1.3M–$2.5M+
- Target gross margin: 15–25% above all-in costs
- Average timeline: 80–150 days
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Fortune Homes MD brings the renovation quality, historic preservation expertise, and local market knowledge that Annapolis demands from a Parole condo flip to a luxury waterfront estate renovation in Eastport.
📞 Call: +1 (410) 413-0739 📧 Email: info@fortunehomesmd.com 👉 Schedule Your Free Annapolis Consultation →
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New Construction Annapolis
New construction in Annapolis is constrained by what makes the city valuable: limited raw land. Due to its limited availability of raw land, Annapolis has quickly become one of the Mid-Atlantic region’s most desirable housing markets and that land scarcity means new construction commands an immediate premium over comparable existing inventory.
Active new construction listings in Annapolis currently range from $600,000–$1,650,000, reflecting the premium that new builds command in this market. Sturbridge Homes is delivering move-in ready new construction in Annapolis’s Homewood neighborhood over 5,000 square feet of finished space close to the Naval Academy Stadium, new Annapolis Public Library, Maryland Hall, and Annapolis Town Center. The Parkside Preserve community delivered new construction adjacent to Quiet Waters Park with over 5,017 finished square feet across four levels.
The outskirts of Annapolis have developed in 20-year waves, and right on time, a new wave of homes and retail is shaping up in the Parole area promising the latest transformation of an area named for a long-gone Civil War prisoner exchange camp. This development wave is bringing approximately 1,500 new homes to the Parole corridor, the most significant residential development in Annapolis’s outskirts in decades.
For investors, ADU construction throughout Annapolis on existing lots in Admiral Heights, West Annapolis, and Homewood creates rental income opportunities without the complexity of new land acquisition.
Critical Area regulations govern all construction within 1,000 feet of the Chesapeake Bay and its tidal tributaries in Maryland. For waterfront and water-adjacent new construction, compliance with Critical Area buffer requirements, impervious surface limits, and forest conservation requirements is mandatory. Our team handles all Critical Area compliance as part of every waterfront new construction project.
- Custom waterfront and near-waterfront home construction
- Infill and teardown-rebuild projects in established Annapolis neighborhoods
- ADU construction on existing lots throughout the city
- Parole-area new development participation and investor consulting
- Anne Arundel County and City of Annapolis permit acquisition
- Critical Area regulation compliance for waterfront properties
- Historic preservation compliance for properties adjacent to protected districts
- Design coordination, structural engineering, and full build-out management
- Construction cost: $220 – $420+ per square foot depending on finishes, location, and waterfront status
- 2,500 sq ft custom home (non-waterfront): $550,000 – $870,000 in hard construction costs
- Waterfront estate construction: $350 – $500+ per square foot
- ADU construction: $95,000 – $185,000
- Total all-in for waterfront new builds: $1,500,000 – $4,000,000+ depending on lot and specification
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Rental Investments Annapolis
Annapolis’s rental market is layered, diverse, and increasingly premium. As of June 2025, the average rent for apartments in Annapolis is approximately $2,139 per month, marking a 31% increase compared to the national average. Current trends show one-bedroom apartments averaging $2,151, while two-bedroom units typically rent for $2,430.
The tenant pipeline in Annapolis is multi-sourced and highly stable:
- U.S. Naval Academy PCS rotation creates a constant annual cycle of incoming officer families, civilian staff, and faculty who need quality housing on defined assignment timelines
- State government employees, lobbyists, and legislative staff during Maryland’s General Assembly session
- Anne Arundel Medical Center healthcare professionals
- D.C. and Baltimore commuters seeking Chesapeake Bay lifestyle access at lower-than-D.C. prices
- Boating and maritime lifestyle renters a national pool of water-oriented professionals who specifically seek Annapolis water access
Places like Eastport are great for investors; they offer high returns, especially on short-term rentals, which can bring in about $5,658 each month. The Naval Academy graduation season, the Annapolis Boat Show (October the largest in-water boat show in the world), and spring/summer boating season create Annapolis’s short-term rental premium, one of the most durable tourism-driven rental revenue streams in Maryland.
Important: No Rent Stabilization in Anne Arundel County Anne Arundel County has no rent stabilization law. Unlike Montgomery County (capped at 5.7%) and Prince George’s County (PRSA, capped at 6%), Annapolis landlords retain full rent-setting flexibility on all units at all times. This is a critical competitive advantage for rental investors.
Naval Academy PCS and government rentals (Homewood, West Annapolis, Admiral Heights):
- Military families and government professionals qualifying income is rarely a concern
- Long tenancies tied to assignment length (typically 2–3 years minimum)
- 3–4BR single-family homes and townhomes: $2,800–$4,000/month
- Officers expect quality and well-maintained properties renovation investment pays
Waterfront and lifestyle rentals (Eastport, Epping Forest, Bay Ridge):
- Eastport short-term rentals can bring in about $5,658 each month during peak season
- Long-term waterfront rentals: $3,500–$6,500+/month for well-positioned properties
- Boaters specifically seek dock access, marina proximity, and Spa Creek or Bay views
Entry-level professional rentals (Parole, Forest Villa, Tyler Heights):
- Most affordable Annapolis rental entry points
- Strong young professional and commuter demand
- 1BR condos: $2,100–$2,400 | 2BR townhomes: $2,400–$2,800
Historic District and downtown rentals:
- Tourism-driven short-term rental potential alongside long-term professional demand
- The Annapolis Historic District draws lots of visitors and investment interest all year round; properties here usually stay on the market for about 29 days.
- Property sourcing with Naval Academy PCS cycle analysis and rental yield projections
- Luxury rental-grade renovation quality finishes that attract officer families and professional tenants
- Waterfront rental renovation for Eastport and Bay-adjacent properties
- Short-term rental setup for Eastport, Murray Hill, and Historic District properties
- ADU development for existing Annapolis homeowners seeking income
- Critical Area compliance advisory for waterfront rental renovation projects
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Commercial Investments Annapolis
Annapolis’s commercial real estate market is anchored by three distinct commercial ecosystems that coexist in a compact, walkable urban environment.
The historic City Dock and downtown commercial district Maryland Avenue, Main Street, and West Street supports a dense concentration of restaurants, boutique retail, law offices, financial firms, and tourism-adjacent businesses that benefit from Annapolis’s 4 million+ annual visitors and strong local spending power. The Anne Arundel Medical Center is the largest employer in Annapolis with more than 2,500 employees anchoring a growing medical office and healthcare services commercial ecosystem along the Route 2 and Riva Road corridors.
The Parole Town Center and Annapolis Town Center retail corridors serving the city’s growing suburban residential base offer more accessible commercial entry points for retail and professional service investors, with Annapolis Town Center providing luxury high-rise residential with direct access to Route 50 and downtown.
- Downtown / City Dock / Historic District Maryland’s capital commercial core. Tourism, hospitality, legal, and government-adjacent professional services in an irreplaceable historic urban setting
- West Street corridor Arts district, restaurant and entertainment corridor, professional offices connecting downtown to the broader residential west side
- Parole Town Center / Taylor Avenue Suburban retail, medical offices, professional services, and mixed-use serving the growing Parole residential development zone
- Annapolis Town Center High-density mixed-use with luxury apartments, retail, restaurants, and direct Route 50 access
- Riva Road / Route 2 medical corridor Healthcare commercial anchored by Anne Arundel Medical Center
- Eastport commercial Marine services, restaurants, boutique retail, and professional offices serving the waterfront community
- Commercial acquisition and investment analysis
- Historic District commercial renovation design review compliance
- Medical and healthcare office renovation and tenant fit-out
- Waterfront commercial renovation (marine services, restaurant, hospitality)
- Retail and restaurant renovation and repositioning
- Mixed-use building renovation and development
- Anne Arundel County and City of Annapolis commercial zoning and permit navigation
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Planning a Premium Annapolis Investment?
Annapolis rewards precision in renovation quality, historic compliance, waterfront expertise, and buyer understanding. Our team brings all four to every project. Let’s discuss what your specific property and goals call for.
📞 Call: +1 (410) 413-0739 📧 Email: info@fortunehomesmd.com 👉 Get Your Free Annapolis Investment Analysis →
Related Services & Locations:
- Anne Arundel County Real Estate Services →
- Glen Burnie →
- New Construction →
Annapolis Neighborhoods We Serve
Annapolis’s neighborhoods each carry a distinct investment character. Here’s how Fortune Homes MD approaches each:
Dubbed the “Maritime Republic of Eastport” by local residents, Eastport is known for its quirky, community spirit centered on having fun for a worthy cause. A boater’s paradise, it is the perfect blend of small-town life and city life, home to casual and fine-dining restaurants, nightlife, parks, marinas and yacht clubs. The diversity of housing in the Eastport neighborhood is tremendous, ranging from luxury townhomes and gated communities to individual single-family homes. Prices range from around $700,000 to $1,000,000, with some palatial estates going for much more. Short-term rental premium is the highest in Annapolis at approximately $5,658/month.
Downtown Annapolis / Historic District Cobblestone streets, 18th-century architecture, the Maryland State House, and the entrance to the Naval Academy the Historic District is the most prestigious and most constrained commercial and residential market in the city. Downtown Annapolis features a median sale price of $1,002,750 over the last 12 months, up 18% from the year prior, with homes selling in an average of 16 days. Renovation requires Historic District design review compliance. Extraordinary investment territory for investors with the expertise and capital.
Murray Hill Murray Hill, with its tree-lined streets and historic homes, is a testament to Annapolis’ rich history. It has architectural diversity from colonial-era homes to modern renovations, proximity to downtown and the Naval Academy, and a strong rental market ideal for professionals and families. Prices range from $675,000 to $4,343,000. Premium mid-tier fix-and-flip and professional rental investment.
West Annapolis / Admiral Heights Admiral Heights is filled with things that make living in Annapolis better pools and parks near Weems Creek for outdoor fun, a close community celebrating together at events like the Fourth of July Parade, shops and services making life convenient. Mid-tier single-family investment with Naval Academy commuter and family demand.
Homewood Homewood’s central spot offers diverse housing suitable for various investment plans. Located near the Naval Academy and St. John’s College, it draws students and professionals alike, ensuring steady demand for housing. Long and short-term rental investment, including Airbnb, performs well here.
Parole The outskirts of Annapolis are being transformed into Parole with approximately 1,500 new homes and new retail shaping up making Parole the most active new development zone in the broader Annapolis area. Entry-level investment at condo and townhome price points.
Bay Ridge Bay Ridge has a lovely peninsula in the Bay with picnic tables and sensational views, a marina large enough to easily store both yachts and smaller boats, a clubhouse, playgrounds, and a large pool with a swim team. Waterfront community investment with a strong lifestyle premium.
Our Process in Annapolis From First Call to Delivery
We discuss your property, goals, and budget. For any Annapolis acquisition, we assess Historic District applicability and Critical Area status as part of the initial review.
Step 2 Neighborhood Analysis & Strategy Our team analyzes your specific Annapolis neighborhood Eastport, Historic District, Murray Hill, Parole and recommends the renovation scope, positioning strategy, and exit approach with the strongest return potential.
Step 3 Written Proposal & Timeline A written scope with itemized pricing, historic district compliance notes where applicable, Critical Area considerations, and a realistic project schedule.
Step 4 Permits, Historic Review & Critical Area Compliance We manage all Anne Arundel County and City of Annapolis permit applications, Historic District design review, State Historic Preservation Office coordination, and Critical Area compliance for waterfront properties.
Step 5 Premium Construction & Updates Licensed, insured crews execute the project. Quality standards match what Annapolis’s sophisticated buyer and renter pool demands.
Step 6 Completion & Handover Not finished until every detail meets your expectations.
Fortune Homes MD is Annapolis’s full-service real estate and construction partner from a Parole condo renovation to a waterfront estate rebuild in Eastport.
📞 Call: +1 (410) 413-0739 📧 Email: info@fortunehomesmd.com 👉 Contact Us for a Free Consultation →
Our Full Service Menu:
- House Remodeling →
- Fix & Flip →
- New Construction →
- Rental Investments →
- Commercial Investments →
Nearby Locations:
- Glen Burnie →
- Severna Park →
- Pasadena →
- Anne Arundel County →
Frequently Asked Questions Annapolis, MD Real Estate Services
We offer five core services in Annapolis: house remodeling, fix & flip renovations, new construction, rental investment, and commercial property investment. We serve all Annapolis neighborhoods including Eastport, Downtown/Historic District, Murray Hill, West Annapolis, Admiral Heights, Homewood, Parole, Bay Ridge, Epping Forest, Hillsmere Shores, Arundel on the Bay, and all surrounding areas.
The Annapolis housing market remains a seller’s market heading into 2026, with a median sale price near $660,000 and only about 1.9 months of inventory. The median sale price per square foot is $336, up 18.3% year over year. Downtown Annapolis’s median sale price is $1M+, up 18% in the past 12 months. Homes sell in as few as 16 days in competitive zones.
Yes particularly in Eastport and the Historic District, where tourism demand from the Naval Academy graduation, the Annapolis Boat Show (the largest in-water boat show in the world), and Chesapeake Bay boating season creates strong short-term rental premiums. Eastport short-term rentals can bring in about $5,658 each month. Anne Arundel County has no rent stabilization, giving full flexibility on rental pricing.
Properties within the Annapolis Historic District require design review from the Historic Preservation Commission before any exterior modifications, additions, or visible renovations. The goal is to maintain the architectural character of the district. Fortune Homes MD handles Historic District design review as part of every applicable project coordinating submissions, responding to commission comments, and obtaining approvals alongside standard Anne Arundel County building permits.
Maryland’s Critical Area Law governs all development within 1,000 feet of the Chesapeake Bay and its tidal tributaries. For waterfront and water-adjacent properties in Annapolis particularly in Eastport, Bay Ridge, Epping Forest, and along the Severn River Critical Area regulations impose buffer requirements, impervious surface limits, and forest conservation rules that must be satisfied before any construction permit is issued. We handle all Critical Area compliance.
Costs vary significantly by neighborhood and property type. Parole condos and townhomes: $15,000–$50,000. West Annapolis and Admiral Heights: $30,000–$80,000. Murray Hill and Historic District: $45,000–$120,000 with historic compliance. Eastport waterfront: $65,000–$200,000+. Downtown luxury and waterfront estates: $150,000–$500,000+.
One-bedroom apartments average $2,151 and two-bedroom units typically rent for $2,430. Eastport short-term rentals can bring in about $5,658 each month. Long-term waterfront rentals in Eastport and Bay Ridge achieve $3,500–$6,500+/month. Naval Academy PCS family rentals (3–4BR, West Annapolis / Homewood): $2,800–$4,000/month.
No. Anne Arundel County has no rent stabilization law. Annapolis landlords retain full flexibility to set initial rents and adjust rents as market conditions allow unlike neighboring Montgomery County and Prince George’s County, both of which have active rent stabilization regulations.
Yes but land is limited, which means new construction commands a premium. Active new construction ranges from $600,000–$1,650,000. The Parole area is seeing a new development wave bringing approximately 1,500 new homes, the most active new residential development zone in greater Annapolis. Construction costs run $220–$420+ per sq ft depending on waterfront status and finishes.
Call +1 (410) 413-0739 or email info@fortunehomesmd.com to schedule your free consultation. We’ll review your property or investment goals, assess Historic District and Critical Area applicability, and give you an honest assessment of what’s achievable in your specific Annapolis neighborhood.
Contact Fortune Homes MD Annapolis, MD
📞 Phone: +1 (410) 413-0739 📧 Email: info@fortunehomesmd.com 🌐 Website: fortunehomesmd.com 📍 Service Area: All Annapolis communities and surrounding Anne Arundel County
Ready to invest in Maryland’s capital city? Whether you’re renovating a Murray Hill historic cottage, flipping a waterfront property in Eastport, building a new home in the Parole development zone, or generating Naval Academy rental income in Homewood, Fortune Homes MD delivers the precision, historic expertise, and full-service execution that Annapolis demands.
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