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1164 OAK VIEW DRIVE
About This Property
Welcome to waterfront living at its finest! This stunning 4-bedroom, 2-bath raised rancher is perfectly positioned on a wide stretch of the Severn River, offering breathtaking water views from both the main living areas and the lower-level recreation room. Soaring vaulted ceilings in the living and dining rooms create an open, airy ambiance, while the rec room - complete with a wet bar - is the perfect place to unwind after a day on the water. The pier is a true showpiece, featuring a large landing and two covered boat slips with brand-new roofs - one accommodating vessels 40+ feet and a second equipped with a boat lift for smaller crafts. Additional pier upgrades include updated dock lighting, added electrical outlets, and water service directly to the dock, plus 60 feet of new rip-rap rocks protecting the waterline. Inside, no detail has been overlooked. The fully renovated kitchen and bathrooms shine alongside new hardwood floors in the kitchen, dining, and living areas. All-new windows, exterior and sliding glass doors with electric blinds, and updated interior and exterior lighting complete the transformation. The new roof, fresh siding, gutters, and downspouts ensure worry-free ownership for years to come. Outdoor living is equally impressive - enjoy the new custom paver walkway leading to your firepit overlooking the highly desirable Severn River. Spacious two car garage is heated with 240v electric car charging hook-up. Multiple outbuildings provide excellent storage for all your tools and boating equipment. Ideally located in close proximity to Historic Annapolis while also offering an easy commute to both Baltimore and Washington, DC - this is the waterfront lifestyle you've been waiting for.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Sold | ||
| Sold | |||
| Aug 17, 2026 | In contract | - | |
| In contract | |||
| Aug 10, 2026 | Relisted | $1,275,000 | |
| Relisted | |||
| Jul 31, 2026 | In contract | - | |
| In contract | |||
| Jun 29, 2026 | Price Decreased |
$1,379,000
↓ $71K
(4.9%) | |
| Price Decreased | |||
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About Arden on the Severn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017