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Welcome to 292 Riverside Drive, a beautifully refreshed waterfront home in the sought-after community of Magothy Beach in Pasadena. Situated on a generous .40-acre lot with approximately 54 feet of direct frontage on the Magothy River, this property offers the waterfront lifestyle you’ve been waiting for. Step outside, head down to the newly rebuilt private pier with water and electric, and enjoy multiple slips and davits—making it easy to keep your boat right at home and take full advantage of life on the Magothy. Inside, the home has been thoughtfully updated with a fresh coastal feel. The brand-new kitchen features white soft-close cabinetry, granite countertops, subway tile backsplash and stainless steel appliances. The adjoining living and dining spaces share a wood-burning fireplace, while new Andersen sliders frame beautiful river views and lead to a newly constructed waterfront deck—perfect for morning coffee, evening cocktails and everything in between. New wide-plank luxury vinyl flooring, fresh paint, updated lighting and coastal-inspired finishes carry throughout the home. All 2.5 bathrooms have been updated, including the primary bath. The waterfront primary bedroom is its own retreat, complete with a walk-in closet and sliding glass doors opening to a private waterfront deck. Multiple decks and a waterfront patio provide plenty of space to entertain, relax and enjoy the ever-changing views of the Magothy River. The walkout lower level offers even more living and entertaining space with a built-in bar, expansive water views, and a generous storage/workshop area with workbench. Recent improvements extend well beyond the cosmetic updates and include a new roof and sky lights, fireplace, electrical panel, smoke alarms and well pump, providing added peace of mind. Magothy Beach residents also enjoy community amenities including a boat ramp and playgrounds. Whether you're heading out by boat, entertaining waterside, or simply unwinding while watching life on the river, 292 Riverside Drive is an opportunity to truly live the Magothy lifestyle.

Highlights

  • Residential
  • Single Family Residence
  • Built in 1987
  • 0.39 Acre Lot
  • Waterfront
  • 1 Car Garage
  • 82 days on Market

  • Bedrooms
    3
  • Bathrooms
    2 full · 1 half
  • Year Built
    1987
  • Architectural Style
    Contemporary, Coastal
  • Construction Materials
    Frame
  • Foundation
    Block
  • Garage Spaces
    1.0
  • Parking Features
    Driveway, Attached, Garage
  • Living Area
    1676.0
  • Appliances
    Electric Water Heater
  • Pool Features
    None
  • Cooling
    Central Air, Electric
  • Heating
    Electric, Heat Pump
  • Basement
    Full, Walk-Out Access, Daylight, Partially Finished, Interior Entry, Exterior Entry

  • Acres
    0.39
  • Lot Features
    Waterfront
  • Water Front Features
    River Front
  • Water Front
    Yes
  • Water
    Private

  • County
    Anne Arundel
  • City
    Pasadena
  • Neighborhood
    MAGOTHY BEACH
  • Zip Code
    21122

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Frequently Asked Questions

How do I schedule a tour of 282 Riverside Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 282 Riverside Dr.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 282 Riverside Dr?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $949,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Pasadena, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 282 Riverside Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 282 Riverside Dr at around $5,947. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 282 Riverside Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Anne Arundel County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 282 Riverside Dr?

In most cases, yes. Whether 282 Riverside Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Pasadena's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 282 Riverside Dr?

We can handle that for you. Our preferred local agent specializes in residentials in Pasadena and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $949,000 with 1,676 sqft of space—that comes out to approximately $566 per square foot.

How long has this property been on the market?

282 Riverside Dr was listed on August 25, 2026, which means it's been on the market for 82 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1987, making it approximately 39 years old.

What is the lot size of this property?

282 Riverside Dr sits on a 0.39-acre lot, which is 16,988 square feet.

What are the property taxes for 282 Riverside Dr?

The most recent public record shows annual property taxes for 282 Riverside Dr were approximately $6,559. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 282 Riverside Dr still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Bright. All rights reserved.

Last Updated: November 15, 2026 at 01:57AM | Source: Bright | MLS#: MDAA2155082