Annapolis · Home sale
654 Round Hill Rd in Gibson Island sells for $7.2 million
A single-family home at 654 Round Hill Rd, Gibson Island sold for $7,200,000 on August 4, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $7,200,000
- Sold
- August 4, 2026
- Property type
- Single-family home
- Living area
- 7,155 sq ft
- Price per sq ft
- $1,006
- Year built
- 2003
A waterfront home on Gibson Island sold for $7,200,000 on August 4, 2026, nearly doubling its price from two decades earlier. According to the Maryland Department of Assessments and Taxation, the property at 654 Round Hill Rd last changed hands in 2006 for $3,864,000—meaning the new sale price represents an 86% jump.
An aerial photo shows the 2.01-acre parcel sitting directly on the bay with a pool, surrounded by trees and neighboring houses. The 7,155-square-foot home, built in 2003, works out to $1,006 per square foot, according to the Assessor's records.
The sale price also towers over the Assessor's market value of $4,641,200—a 55% premium, the property records show. The home offers 6 bedrooms and 6.5 bathrooms, according to listing data.
Jerome H Powell sold the property to Kevin C Wheeler and Alyssa C Wheeler.
What this sale costs to close
What does closing cost at this price? Under Anne Arundel County custom the seller's larger charges are $54,000 for the county transfer tax (Anne Arundel County) and $25,200 for the recordation tax (Anne Arundel County). With a 5% commission, the seller's estimated net is $6,674,049 before any mortgage payoff. A buyer putting 20% down would need about $1,764,757 at closing.
Source: Maryland Department of Assessments and Taxation, Real Property Assessments (Maryland Open Data), document 42592-0112. Property details: Anne Arundel County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
