Annapolis lies at the convergence of the Chesapeake Bay and the Severn River. The name "Chesapeake Bay" comes from the Algonquin Indian name "Chesepiook" which can mean "the great shellfish bay or "great salty bay".
Annapolis waterfront homes offer some stunning mega estates to small waterfront cottages, depending on your situation. The price of waterfront homes is usually determined by a number of factors:
1) Location - Annapolis waterfront tends to be the most expensive waterfront area in the County. As you aggregate further north or south from Annapolis, similar homes become less expensive.
2) Waterview - A comparable house directly on the Chesapeake Bay, will be substantially more expensive than the similar home on a small creek or cove. Homes along the Severn River will generally be priced more than a similar home on a creek or cove. So, a "BIG VIEW" commands a "BIG PRICE".
3) Mean Low Water (Water Depth) - Generally speaking, the deeper the water, the more expensive the home. Deeper water allows sailboat owners to be able to keep their boats (sailboats draw significantly deeper water than powerboats) at their dock. Be sure to measure the water depth at the dock when looking at waterfront homes.
4) Condition of the home - Like all real estate, the condition of the home factors into how a home is priced. Waterfront homes offer a little "twist" to this because an old or beat up home can always be renovated. What can NOT be changed is the view and the water access that a certain waterfront home provides. If you fall in love with a certain view, but the home needs work, the question you have to ask yourself is whether you have the ability, time and money to renovate the home.