1071 Gum Thicket Rd
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 16, 2026 | Listed by Isabell K. Horsley R. E., Ltd. | $2,995,000 | |
| Listed by Isabell K. Horsley R. E., Ltd. | |||
| Dec 21, 2025 | Listed | $3,299,000 | |
| Listed | |||
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Welcome to an extraordinary waterfront retreat on Gwynns Island, offering sweeping views across Milford Haven out to the Chesapeake Bay. This custom-designed residence, completed in 2008, is thoughtfully planned to blend elegant living with the natural beauty of its coastal surroundings. Nearly every room showcases a stunning water view and is filled with natural light, creating an atmosphere of calm and luxury throughout. The home features heated Jerusalem limestone floors inside and out, a striking Chinese black granite wood-burning fireplace, dramatic floor-to-ceiling windows, and soaring two-story ceilings in the main living area. The gourmet kitchen is open to a spacious dining area and connects seamlessly to the screened porch and pool, making entertaining effortless. A comfortable family room with built-ins and a fireplace adds warmth and function. The first-floor primary suite is a private haven with three sides of waterfront views, offering both sunrise and starlit serenity. The en-suite bath includes a freestanding soaking tub, a walk-in multi-head shower, and private access to the outdoors. Upstairs, guests are welcomed with three additional bedrooms and two full baths, each designed for comfort and privacy. The property is equally impressive outdoors with a protected pier offering 4 feet MLW, perfect for boating. Enjoy a private sand beach, oyster gardening, crabbing, kayaking, a hydro tennis court, and an in-ground pool—all set within meticulously maintained grounds. A detached building provides flexible space with an office or hobby room on the first floor and a guest suite above, complete with a kitchenette, full bath, bedroom, and waterfront views. Located less than 10 minutes from Mathews Courthouse and within an hour of Williamsburg, Newport News, and Richmond, this is a true coastal sanctuary offering privacy, recreation, and timeless waterfront living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017