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1110 EL PASO TRAIL
About This Property
Annual Gross Revenue Potential: $35,000+
This beautifully maintained 3-bedroom, 2-bathroom home offers the perfect blend of investment potential and serene living. Set on a quiet ridge with breathtaking views of the Chesapeake Bay, the property provides private beach access, a brand-new hot tub, and a peaceful wooded setting just ten minutes away from Calvert Cliffs State Park.
Ideal for Both Investment or Full-Time Living
• Turnkey Investment: With over $35,000 in annual gross revenue potential, this home has a proven history as a vacation rental and is ready for immediate use. Can be sold furnished or unfurnished.
• Full-Time Residence: Whether you're seeking a peaceful retreat or a permanent home, this property provides a tranquil environment with stunning sunrise views, a spacious wraparound deck, and plenty of space for relaxation and entertaining.
Key Features:
• 3 Bedrooms & 2 Full Bathrooms: The main level includes a king bedroom and a queen bedroom, while the lower level offers a private flexible space that can serve as a third bedroom or bonus room. Recently updated bathrooms feature Carrara marble vanities with brass fixtures.
• Expansive Outdoor Living: Enjoy Bay views from the large, wraparound deck or relax in the hot tub with a birds-eye view of the tree canopy.
• Private Beach Access: A private, 50 meter path leads from the house to a "secret beach" with fossil hunting, kayaking, paddleboarding, or simply enjoying the Bay's serenity.
• Natural Beauty: Surrounded by protected wetlands, this home offers views of abundant wildlife, including bald eagles and osprey.
• Large lot: More than half-an-acre lot (26k sq ft) with large, mature trees.
This property is currently under professional management, and services can be easily transferred to the new owner for a seamless transition. The home can also be sold fully furnished, making it a truly turnkey opportunity. Improvements since 2022: Added full bathroom in basement with marble vanity. Renovate upstairs bathroom with marble vanity. Added new lighting throughout the house in kitchen, dining room, basement and bathrooms. Installed integrated fire alarm system. Installed new high efficiency, cast iron wood burning stove (2022). Replaced two windows (upstairs bathroom and basement). Added new hot tub and dedicated electric panel, 2024
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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 7, 2025 | Sold | ||
| Sold | |||
| Feb 9, 2025 | In contract | - | |
| In contract | |||
| Feb 6, 2025 | Listed by Cottage Street Realty LLC | $469,000 | |
| Listed by Cottage Street Realty LLC | |||
| | |||
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Open House Canceled. Charming Chesapeake Bay Home with Private Beach Access and Stunning Views
Annual Gross Revenue Potential: $35,000+
This beautifully maintained 3-bedroom, 2-bathroom home offers the perfect blend of investment potential and serene living. Set on a quiet ridge with breathtaking views of the Chesapeake Bay, the property provides private beach access, a brand-new hot tub, and a peaceful wooded setting just ten minutes away from Calvert Cliffs State Park.
Ideal for Both Investment or Full-Time Living
• Turnkey Investment: With over $35,000 in annual gross revenue potential, this home has a proven history as a vacation rental and is ready for immediate use. Can be sold furnished or unfurnished.
• Full-Time Residence: Whether you're seeking a peaceful retreat or a permanent home, this property provides a tranquil environment with stunning sunrise views, a spacious wraparound deck, and plenty of space for relaxation and entertaining.
Key Features:
• 3 Bedrooms & 2 Full Bathrooms: The main level includes a king bedroom and a queen bedroom, while the lower level offers a private flexible space that can serve as a third bedroom or bonus room. Recently updated bathrooms feature Carrara marble vanities with brass fixtures.
• Expansive Outdoor Living: Enjoy Bay views from the large, wraparound deck or relax in the hot tub with a birds-eye view of the tree canopy.
• Private Beach Access: A private, 50 meter path leads from the house to a "secret beach" with fossil hunting, kayaking, paddleboarding, or simply enjoying the Bay’s serenity.
• Natural Beauty: Surrounded by protected wetlands, this home offers views of abundant wildlife, including bald eagles and osprey.
• Large lot: More than half-an-acre lot (26k sq ft) with large, mature trees.
This property is currently under professional management, and services can be easily transferred to the new owner for a seamless transition. The home can also be sold fully furnished, making it a truly turnkey opportunity. Improvements since 2022: Added full bathroom in basement with marble vanity. Renovate upstairs bathroom with marble vanity. Added new lighting throughout the house in kitchen, dining room, basement and bathrooms. Installed integrated fire alarm system. Installed new high efficiency, cast iron wood burning stove (2022). Replaced two windows (upstairs bathroom and basement). Added new hot tub and dedicated electric panel, 2024
| |||
| Jan 5, 2023 | Sold | ||
| Sold | |||
| Dec 30, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017