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New Construction Homes for Sale in Riva, MD

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    $825,000 Lot/Land

    507 Walnut Dr, Riva, MD 21140

    • 0.25 Acre
    • $3,300,000 per Acre

    Opportunities to own this well-maintained home are rare. Set within a private water-privileged community with water views and a total of .66 acres, which includes 2 additional lots, you’ll enjoy privacy, room to expand, and a setting that feels like a retreat. A unique property grandfathered in with no HOA or covenant fees in a amenity rich community that offers marina slips, beach, boat ramp,

    Bonnie McGurn Berkshire Hathaway HomeServices PenFed Realty

    507 Walnut Dr, Riva, MD 21140

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Riva, MD usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Riva, MD hold their value?
Yes, especially in fast-growing areas of Riva, MD. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Riva, MD

Housing Trends

Median Sale Price
$592,500
Median Single Family Sale Price
$592,500
Median Townhouse Sale Price
$552,500
Average Price Per Sq Ft
$309
Number of Homes for Sale
5
Last 12 months Home Sales
32
Months of Supply
1.90
Median List Price
$599,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
11%
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