702/5 Park Place

Off Market

702/5 Park Place

Annapolis MD 21401

1335 sq. ft.

Condo

Last sold for $640,000

Jen Holden, last sold this property on 23 October 2025 after 40 days on market.

Overview

Welcome to luxury condo living in the heart of downtown Annapolis. Set on the coveted penthouse level of The Residences at Park Place, this elegant 2-bed, 2-bath home overlooks the tranquil courtyard and fountain and offers a sunlit, generously sized floor plan. An open layout blends living and dining with a gourmet kitchen, creating a comfortable, functional main living area that’s perfect for everyday living and effortless entertaining. Beautiful hardwood floors, stainless steel appliances, and ample storage complete the interior, while large windows frame serene courtyard views. Enjoy first-class building amenities and true lock-and-leave convenience. Park Place offers a 24-hour staffed front desk, secured lobby with controlled access, on-site concierge, fitness center, club room, library, and a party room with a billiard table. Step outside to the landscaped garden courtyard with outdoor kitchens and grills, plus a seasonal outdoor pool and hot tub. A private dog park and an active social committee enhance the community experience. The residence comes with two deeded parking spaces in the secure underground garage. From this premier in-town location, you’re just blocks from City Dock, acclaimed restaurants, boutique shopping, and year-round waterfront events. Experience the historic charm of Annapolis combined with modern luxury and exceptional amenities at Park Place.

Features

2 bedrooms

2 bathrooms

2 carspaces

2 garage spaces

1335 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Annapolis over the last 12 months, the estimated median property value of 702/5 Park Place is $395k.

Median value

$395k

Estimated value range

$225k - $1.55m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Annapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 702/5 Park Place

2025

Sold

$640,000

23 Oct 2025 by Jen Holden, of Compass

2020

Sold

$462,500

10 Aug 2020 by Corey Kayea, of TTR Sotheby's International Realty

Happy sellers in Annapolis

96%

96% of sellers in Annapolis reported that their sale price either exceeded or met their price expectations.

Annapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Annapolis over the last 12 months.

Local market activity for 2 bedroom condos in Annapolis

In the last 12 months, 110 two-bedroom condos similar to 702/5 Park Place, have been sold.

This represents a 17% decrease in two-bedroom condos sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

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Joe Smith

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