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Residences at Park Place

Residences at Park Place

Residences at Park Place
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

5 Park Pl
Annapolis, MD 21401
208 Units
7 Stories
2007 Year Built
$426K - $1.5M Value Range

Available Units

For Sale
For Rent

Highlights

  • Concierge
  • Fitness Center
  • 4 Elevators
  • 24-Hour Security
  • Taxi Service
  • Community Pool

Upscale Living in the Heart of Historic Annapolis

The Residences at Park Place, completed in 2007, stands as a prominent fixture in Downtown Annapolis. This seven-story condominium, designed by Davis Carter Scott, offers 208 units of sophisticated urban living. Its location at the intersection of history and modernity provides residents with a unique blend of colonial charm and contemporary convenience. The building's architecture, while modern, harmonizes with the surrounding historic district, featuring a symmetrical facade and a classical portico entrance that pays homage to the city's rich architectural heritage.

Diverse Layouts with Luxurious Finishes

The Residences at Park Place offers a range of floor plans to suit various lifestyles, from cozy one-bedroom units to spacious four-bedroom homes. One-bedroom layouts span from 813 to 1,005 square feet, with some featuring an additional half bath, and are priced around $430,000. Two-bedroom units, ranging from 926 to 1,957 square feet, offer one to two and a half bathrooms, with sale prices between $595,000 and $825,000. For those seeking more space, three-bedroom units provide 1,508 to 2,660 square feet with two to three bathrooms, while the rare four-bedroom units offer approximately 2,500 square feet with three bathrooms. Many units boast high-end finishes such as hardwood floors, stainless steel appliances, and granite countertops. Some residences feature elegant touches like tray ceilings, wide moldings, and custom built-ins. Plantation shutters adorn the windows in select units, while others offer private balconies or terraces overlooking the courtyard or providing city views. Updated kitchens in some units showcase custom cabinetry, quartz countertops, and designer fixtures. Bathrooms may include marble finishes, heated floors, and luxurious soaking tubs. Monthly HOA fees range from $700 to $1,100, covering a comprehensive list of services including common area maintenance, exterior building maintenance, utilities (gas, water, sewer), lawn care, snow removal, and trash collection. The fees also encompass amenities such as the pool, fitness center, and security features, ensuring a worry-free lifestyle for residents.

Resort-Inspired Amenities for Elevated Living

The Residences at Park Place offers an impressive array of amenities designed to enhance the living experience of its residents. The building features both indoor and outdoor pools, complemented by a relaxing hot tub, perfect for year-round enjoyment. Fitness enthusiasts will appreciate the state-of-the-art fitness center, while those looking to entertain can take advantage of the party room, club room, and billiard room. For outdoor relaxation and socializing, residents have access to a beautifully landscaped courtyard with a fountain, as well as a patio area equipped with gourmet outdoor BBQ kitchens and dining spaces. The building also boasts a library for quiet reading and a TV lounge for casual gatherings. Security and convenience are paramount at Park Place, with 24/7 concierge service, secure underground garage parking, and a sophisticated fob entry system. The building is further equipped with monitored closed-circuit TV cameras at all entrances and elevators, ensuring residents' peace of mind. Additional amenities include a morning/coffee room, a movie room, and even an urban garden where residents can grow their own vegetables and flowers. For those with pets, a dedicated dog park within the complex provides a convenient space for furry friends. The building's professional management team is on-site, offering responsive service and maintaining the property's high standards. With its comprehensive amenities and services, The Residences at Park Place creates a living environment that caters to comfort, convenience, and community.

Historic Charm Meets Urban Convenience

The Residences at Park Place is ideally situated in the heart of Downtown Annapolis, a neighborhood steeped in history and brimming with modern amenities. This vibrant area seamlessly blends colonial-era charm with contemporary urban living, offering residents a unique lifestyle experience. Just steps from the building, residents can explore the Historic and Arts Districts, where centuries-old brick-lined streets lead to an array of cultural attractions. The United States Naval Academy, a cornerstone of Annapolis history and culture, is within walking distance, adding to the area's prestige and character. The neighborhood is a food lover's paradise, with an eclectic mix of dining options nearby. Carpaccio Tuscan Kitchen & Wine Bar, just a five-minute walk away, offers upscale Italian cuisine in an elegant setting. For those seeking a fine dining experience, Osteria 177 presents modern takes on Northern Italian dishes, while Harry Browne's Restaurant serves upscale American fare in a classy art deco atmosphere. Shopping enthusiasts will appreciate the proximity to unique boutiques and stores. The Lucky Knot, a local favorite for fashion, is less than a mile away. For a more comprehensive shopping experience, the Annapolis Town Center, about a 45-minute drive and approximately 2 miles away, offers a mix of retail, dining, and entertainment options. Outdoor recreation is abundant in the area. Barbara Neustadt Park, a 10-minute walk from the residence, provides opportunities for boating, fishing, and kayaking. Truxtun Park, slightly further afield, offers a boat launch, recreation center, and seasonal pool with classes. The neighborhood's prime location also puts residents close to Annapolis Harbor and City Dock, where they can enjoy waterfront views, boat watching, and seasonal events that showcase the city's maritime heritage. With its blend of historical significance, cultural offerings, and modern conveniences, the area surrounding The Residences at Park Place offers a rich and engaging lifestyle for its residents.

Strategic Location with Easy Access

The Residences at Park Place benefits from a location that balances walkability with easy access to major transportation routes. The neighborhood's layout encourages walking, with many amenities and attractions within a comfortable stroll from the building. For those who prefer cycling, the area's bike-friendly infrastructure makes it convenient to explore the city on two wheels. While public transit options are limited, the building's central location in Downtown Annapolis means that many destinations are within walking distance, reducing the need for frequent transportation. For longer trips or commutes, residents have easy access to major roads leading out of the city. The proximity to Route 50 provides a direct connection to Washington D.C. and the Eastern Shore, facilitating both work commutes and weekend getaways. For air travel, the Baltimore/Washington International Thurgood Marshall Airport is approximately 24 miles away, reachable in about 35 minutes by car. The building's secure underground garage parking ensures that residents who prefer to drive have a convenient place to keep their vehicles. Additionally, the presence of on-site EV charging stations caters to the growing number of electric vehicle owners, reflecting the building's commitment to modern transportation needs. For those occasional trips downtown when walking isn't preferred, the Annapolis Circulator, a free shuttle service, provides an convenient option for getting around the historic district. This service enhances the overall accessibility of the area, connecting residents to key points of interest without the need for personal transportation.

Available Condos

Building Details

Views

  • City
  • Woods
  • Courtyard

Recreation

  • Billiard Room
  • Fitness Center
  • Community Pool
  • Private Pool
  • Community Indoor Pool
  • Indoor Pool
  • Community Spa
  • Dog Park
  • Jogging Path
  • Bike Trail

Outdoor Features

  • Community Barbecue Grill
  • Picnic Area
  • Common Area

Amenities

  • Concierge
  • Doorman
  • Fax or Copying Available
  • Taxi Service
  • Newspaper Service
  • Game Room
  • Community Center
  • Meeting Room
  • Party Room
  • Community Library
  • Recreation Room
  • Community Storage Space
  • 24-Hour Security
  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Gated Community

Parking

  • 1 Car Attached Garage
  • 1 - 2 Parking Garage Spaces Per Unit
  • 3 Assigned Subterranean Spaces
  • Lighted Parking
  • Secure Parking

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit Required
  • Dogs and Cats Allowed
  • Breed Restrictions

Condo Association

  • $1,121 Monthly HOA Fees
  • Monthly HOA Fees Range from $696 - $1,219
  • $250 Elevator Use Fee
  • Association fees include common area maintenance, health club, management, pool(s), reserve funds, trash, water
  • $500 Other One-Time Fees
  • Residence At Park Place Condos
  • Residence At Park Place Community
  • Park Place Subdivision
  • Property Manager

Building Design

  • Beaux Arts Architecture
  • 4 Elevators
  • Fire Sprinkler System
  • High-Rise Condominium

Unit Features

  • Open Floorplan
  • Laundry in unit
  • Washer and Dryer Hookup
  • Balcony

Unit Information

Beds
2 Beds
2 Beds
1 Bed
3 Beds
3 Beds
2 Beds
2 Beds
2 Beds
2 Beds
2 Beds
Baths
2 Baths
2 Baths
1 Bath
2.5 Baths
2.5 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
Sq Ft
1,208
1,056
838
1,822
1,822
1,292
1,056
1,270
1,276
1,285
Price
$748,000
$595,000
$479,000
$1,350,000
$1,350,000
$720,000
$650,000
$749,900
$679,900
$825,000
Price / Sq Ft
$619 / Sq Ft
$563 / Sq Ft
$572 / Sq Ft
$741 / Sq Ft
$741 / Sq Ft
$557 / Sq Ft
$616 / Sq Ft
$590 / Sq Ft
$533 / Sq Ft
$642 / Sq Ft
List Date
12/12/2024
03/15/2025
03/31/2025
04/20/2025
11/01/2024
10/02/2024
09/26/2024
03/21/2025
02/20/2025
04/17/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
833 - 2,737
Est. Values
$425,902 - $1,476,264
1 Bedroom Units
Sq Ft Range
813 - 1,005
Est. Values
$428,489 - $659,171
2 Bedroom Units
Sq Ft Range
926 - 1,653
Est. Values
$498,029 - $955,157
3 Bedroom Units
Sq Ft Range
1,508 - 2,660
Est. Values
$718,926 - $1,429,155
4 Bedroom Units
Sq Ft Range
2,540
Est. Values
$1,476,264
All Units
Sq Ft Range
813 - 2,737
Est. Values
$425,902 - $1,476,264

Map

Area Factors

Low Crime

Crime Score®

4 / 10

Bikeable

Bike Score®

62 / 100

Very Walkable

Walk Score®

77 / 100

Some Transit

Transit Score®

41 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

76 / 100

--

Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$3.5K - $1.3M
Range of Taxes in Building
$50 - $18,092
Range of Taxes per Sq Ft
$0.03 - $6.64

Property Tax History

Source: Public Records

Building Website

Building Team

Developer
The Carlyle Group
Architect
Davis Carter Scott
Property Management
Residences at Park Place
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.