11047 MARTHA WAY
About This Property
The fully finished walk-out lower level is an entertainer's dream, featuring full daylight windows, a wet bar with back bar, and a spacious recreation area. A fifth ensuite bedroom and full bath offer ideal accommodation for an au pair, guests, or multi-generational living. Outdoor living is equally impressive with a brick front elevation, charming entry portico with standing seam metal roof, screened porch with sunshades, and a low-maintenance composite deck with vinyl rails. The walk-out leads to an expansive, tiered stone patio, all within a fenced rear yard complemented by front and rear lawns-perfect for gatherings or quiet enjoyment.
Located in the vibrant Maple Lawn community, residents enjoy an unparalleled lifestyle with resort-style amenities including a swimming pool, fitness center, tennis, basketball and pickleball courts, athletic fields, playgrounds, dog park, and miles of scenic walking and jogging trails. The community center offers event spaces, meeting rooms, and a variety of social programming throughout the year. Maple Lawn's walkable town center features restaurants, cafes, shops, and everyday conveniences, creating a true live-work-play environment. This is a rare opportunity to own a turnkey luxury home in one of Howard County's most desirable communities.
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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%.
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 |
|---|---|---|---|
| Jul 24, 2026 | Sold | ||
| Sold | |||
| Jun 29, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Price Decreased |
$1,400,000
↓ $50K
(3.5%) | |
| Price Decreased | |||
| May 20, 2026 | Price Decreased |
$1,450,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
| Apr 27, 2026 | Price Decreased |
$1,500,000
↓ $50K
(3.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017