0 Spinnaker Way

Tilghman, MD 21671

List price is opening bid only. TIMED ONLINE AUCTION: Begins Sunday, September 22nd @ 1:00pm and ends on Friday, September 27th @ 1:00pm. $10,000 Deposit. Exceptional opportunity to purchase an 11 +/- acre parcel located in the "Tilghman on the Chesapeake" subdivision on Tilghman Island.The parcel is level and had been previously cleared, although it is now being used to grow crops. Spinnaker Way, which is a private gravel road, originating from Black Walnut Point Road, passes through the approximate center of the parcel. The parcel had been previously platted for a subdivision which included 26 single-family residential lots ranging in size from 10,000 +/- to 15,000 sq. ft. Each of the 26 lots has been given a tax account by the Maryland State Department of Assessments and Taxation. The plats and permits have now expired and any new development plans would need to be approved by Talbot County. All non-developer property owners which own property included in the Tilghman-On-Chesapeake Community Association II, Inc. Homeowners Association are currently responsible for paying annual clubhouse dues of $800, payable in quarterly installments.Tilghman-On-Chesapeake Community Association II, Inc. Homeowners Association fees will be established in the future by the newly elected Tilghman-On-Chesapeake Community Association II, Inc.'s Homeowners Association Board of Directors.