Annapolis · Home sale
817 Broadwater Way in Gibson Island sells for $4.9 million
A single-family home at 817 Broadwater Way, Gibson Island sold for $4,900,000 on August 5, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $4,900,000
- Sold
- August 5, 2026
- Property type
- Single-family home
- Living area
- 2,867 sq ft
- Price per sq ft
- $1,709
- Year built
- 1927
A waterfront home on Gibson Island sold for $4,900,000 on August 5, 2026—55% above its assessed market value of $3,167,200, according to Maryland Department of Assessments and Taxation records.
The single-family home at 817 Broadwater Way sits directly on the bay, with trees covering much of the lot and other houses nearby, according to an aerial photo of the property.
Edward J. Newberry bought the home from Jonathan Simon 2012 Fam Trust. The 2,867-square-foot house, built in 1927 on a 0.7-acre lot, sold for $1,709 per square foot, Assessor's records show.
The price represents a 57% jump from the home's last recorded sale in 2009, when it sold for $3,125,000. The listing data indicates 5 bedrooms and 4 bathrooms.
What this sale costs to close
What does closing cost at this price? Under Anne Arundel County custom the seller's larger charges are $36,750 for the county transfer tax (Anne Arundel County) and $17,150 for the recordation tax (Anne Arundel County). With a 5% commission, the seller's estimated net is $4,542,075 before any mortgage payoff. A buyer putting 20% down would need about $1,201,513 at closing.
Source: Maryland Department of Assessments and Taxation, Real Property Assessments (Maryland Open Data), document 42601-0021. 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.
