Rio Vista Real Estate

Located just outside the historic town of St. Michaels, Rio Vista Subdivision is a community of 215+ lots/homes. Development of the neighborhood began in 1954 and has continued over the decades. Cove View Drive was first paved in 1985, while Monroe and Tyler Avenues came into being in the early 1990’s. The presence of both inland and waterfront lots further adds to the diversity of the neighborhood. Rio Vista is fortunate to have both a community pier and boat ramp located on Spencer Creek and the picnic area located on the Miles River for all the residents to enjoy.

The Real Estate Review

 

In 2017, there were 12 home sales in Rio Vista ranging in price from $212,000 to $819,900.  The average time on market was 94 days, although 7 homes went under contract in less than a month from list date.  Two of the dozen sales were waterfront and it is worth noting that in Talbot County as a whole, there were 156 waterfront homes sold  while in 2017, that number was 119.  This was the highest volume of waterfronts sold since 2004.  The list of sales follows:

 

305 Lincoln Avenue  $212,000

 

1107 Jefferson Avenue $224,500

 

100 Bush Terrace  $219,000

 

222 Madison Avenue  $235,000

 

313 Cleveland Road  $249,000

 

301 Lincoln Avenue  $265,000

 

1210 Jefferson Avenue  $254,325

 

204 Cleveland Road  $285,000

 

102 Madison Avenue (duplex)  $300,000

 

232 Tyler Avenue  $410,000

 

519 Tennant Circle  $630,000

 

515 Tennant Circle  $819,900

There is currently one pending sale at 309 Lincoln Avenue and three active listings:

 

215 Tyler Avenue  $374,900

 

1008 Riverview Terrace  $545,000

 

1014 Riverview Terrace  $669,000

 

 

 

Rio Vista Community Association

P.O. Box 254
St. Michaels, MD 21663
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