About this home

Seller financing available - an exceptional opportunity to own a distinguished Annapolis waterfront estate. Beautifully situated on 1.86 private acres in the prestigious Downs on the Severn, 1486 Downham Market offers a rare combination of protected deep water, gracious living and the extraordinary pleasures of life along the Severn River. With captivating water views, an impressive private pier and more than 5,200 square feet of beautifully appointed living space, this exceptional property offers a lifestyle to be enjoyed for generations. For the discerning boating enthusiast, the waterfront is truly remarkable. Positioned at the mouth of Clements Creek, a naturally protected harbor, the property features an impressive 180-foot private pier with three slips, 50-amp shore power, reinforced pilings ready for lifts, full riparian rights and approximately 11 feet of mean low water. Whether enjoying an afternoon on the Chesapeake Bay, an evening cruise along the Severn or the simple pleasure of having your yacht just steps from home, this setting is nothing short of extraordinary. Inside, walls of glass frame beautiful water views and fill the residence with natural light. Soaring ceilings, rich hardwood floors, elegant finishes and a striking two-sided stone fireplace create an atmosphere of warmth and sophistication. The beautifully appointed gourmet kitchen, featuring commercial-grade appliances, gas cooking and generous gathering spaces, is equally suited for intimate evenings and memorable celebrations. Imagine Thanksgiving overlooking the water, Christmas beside the fireplace and summer evenings entertaining friends on the expansive decks as boats make their way home. Here, every season offers something beautiful to enjoy. The luxurious waterfront primary suite provides a peaceful sanctuary with its own sitting room, fireplace, custom walk-in closet and beautifully appointed spa bath. Generously proportioned additional bedrooms welcome family and guests, while the finished walk-out lower level offers a recreation room, wet bar, wine storage, fitness room, fifth bedroom and full bath. A glass-enclosed sunroom overlooking the water provides another inviting place to relax and appreciate the surroundings. Outdoor living is equally exceptional. Expansive multi-level decks invite elegant entertaining, leisurely dining and quiet mornings overlooking the harbor. Nearly two acres of beautifully landscaped grounds offer privacy and serenity within one of Annapolis' most desirable waterfront communities. Recent improvements, including a new septic system and advanced whole-house water treatment with reverse osmosis and ultraviolet purification, provide additional comfort and peace of mind. Residents of Downs on the Severn enjoy access to two private marinas, a waterfront clubhouse, swimming pool, tennis and pickleball courts, all conveniently located near Historic Annapolis, wonderful restaurants and shopping, and major commuter routes to Baltimore and Washington, D.C. A magnificent deep-water setting, an extraordinary private pier and a beautifully appointed home designed to embrace the waterfront lifestyle. At 1486 Downham Market, the beauty of the Severn River is not simply a view. It is a way of life.

Facts and features

Schools

• Rolling Knolls Elementary School

  elementary · K-5 · 1.8 mi

  9

• Annapolis High School

  high · 9-12 · 3.4 mi

  4

• Wiley H. Bates Middle School

  middle · 6-8 · 3.6 mi

  5

• Annapolis Area Christian School - Elementary School

  elementary · K-5 · 1.5 mi

• Annapolis Area Christian School

  high · 9-12 · 1.6 mi

• Annapolis TALS Education Program

  elementary · K-3 · 1.6 mi

Price history

• Jul 22, 2026 · Listing Removed—
• Jul 21, 2026 · Listed$2,999,900
• Jul 16, 2025 · Listed$3,250,000
• Jun 12, 2025 · Listing Removed—
• Mar 10, 2025 · Listed$3,500,000
• Sep 6, 2024 · Listing Removed—
• May 30, 2024 · Relisted$3,299,000
• May 10, 2024 · Listing Removed—

Tax history

• 2026$16,768 tax · $1,930,833 assessed
• 2025$16,384 tax · $1,930,833 assessed
• 2024$16,026 tax · $1,733,500 assessed
• 2023$15,540 tax · $1,468,967 assessed
• 2022$14,458 tax · $1,336,700 assessed
• 2021$14,089 tax · $1,301,333 assessed
• 2020$13,689 tax · $1,265,967 assessed
• 2019$13,331 tax · $1,230,600 assessed

Home value

$2,893,900

• Cotality$2,893,900
• Collateral Analytics$2,970,000
• Quantarium$2,847,938

Where it is