1089 OCEAN PKWY
About This Property
Welcome to this beautifully updated and spacious 3-bedroom, 2-bath home, boasting 2,052 sq. ft. of open living space in the highly desirable Royal Tern model, located within the prestigious 55+ community of The Parke at Ocean Pines.
This meticulously maintained home offers numerous updates, including:
2017: New hardwood floors throughout all bedrooms,
2017: New refrigerator and dishwasher,
2021: Stylish new countertops, faucet, and stove in the kitchen,
2021: Rinnai tankless water heater for endless hot water,
2023: New HVAC system for year-round comfort,
2025: Freshly painted in a warm, neutral palette, ready for you to move in.
The open floor plan creates a seamless flow between living, dining, and kitchen areas, perfect for both relaxation and entertaining. Additional highlights include crown molding, ceramic tile, and a bright and sunny four-season porch overlooking a serene, park-like setting with a paver patio - ideal for enjoying your morning coffee or relaxing in the evening.
This home offers easy access in and out of Ocean Pines, and residents can enjoy a variety of amenities, including an indoor pool, clubhouse, snow removal, lawn care, and jogging paths. Plus, take advantage of all the wonderful features and activities that Ocean Pines has to offer.
Don't miss the opportunity to make this stunning home yours. Schedule a private showing today!
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Cap Rate Calculator
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%.
How much can I actually make?
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 17, 2025 | Sold | ||
| Sold | |||
| Feb 20, 2025 | In contract | - | |
| In contract | |||
| Feb 2, 2025 | Relisted | $450,000 | |
| Relisted | |||
| Jan 12, 2025 | Listed by Berkshire Hathaway HomeServices PenFed Realty - OP | $450,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty - OP | |||
| Oct 23, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017