36
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112 SANDY HILL DRIVE
About This Property
Step inside to an inviting open floor plan highlighted by a bright and airy great room featuring vaulted ceilings and skylights that fill the space with natural light. The kitchen is both stylish and functional, complete with upgraded cabinetry with crown molding, Silestone countertops, tile backsplash, stainless steel appliances, and a spacious island perfect for casual dining or entertaining.
Throughout the home you'll find ceramic tile flooring, elegant floor-to-ceiling tiled bathrooms, 9 ft. ceilings, Anderson windows, ceiling fans, mirrored solid-core bedroom doors, a whirlpool/jacuzzi tub, electronic keypads, and custom finishes that enhance both beauty and durability. A screened-in porch provides the ideal place to relax and enjoy coastal breezes, while an attached outdoor shed offers convenient storage for beach gear and outdoor essentials.
Residents of Montego Bay enjoy low HOA fees and an exceptional lineup of community amenities including two outdoor pools, pickleball and tennis courts, a community fishing pier, a 9-hole miniature golf course, and a scenic wildlife sanctuary with a large salt pond and walking and jogging paths. Perfectly located near the beach, Northside Park, weekly summer fireworks, popular restaurants, and entertainment, this home offers the ideal combination of comfort, convenience, and the best of the Ocean City coastal lifestyle.
Note on bedrooms: Per town permitting, this home is approved for 3 bedrooms with a den. The den is currently configured and used as a 4th bedroom.
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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 |
|---|---|---|---|
| Aug 29, 2026 | Price Decreased |
$629,900
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Jun 2, 2026 | Relisted | $645,000 | |
| Relisted | |||
| May 8, 2026 | In contract | - | |
| In contract | |||
| Apr 6, 2026 | Price Decreased |
$645,000
↓ $30K
(4.4%) | |
| Price Decreased | |||
| Mar 17, 2026 | Listed by Cottage Street Realty LLC | $675,000 | |
| Listed by Cottage Street Realty LLC | |||
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About Ocean City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017