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1235 SPRUCE AVENUE
About This Property
Welcome to Cedarhurst on the Bay, where every day feels like a coastal escape. This beautifully crafted home blends timeless charm with modern living, with stunning Chesapeake Bay views and classic board-and-batten siding.
The open-concept main level is filled with natural light, connecting the dining area and family room. The kitchen features an oversized quartz island, stainless steel appliances, and generous cabinetry, and a main-level home office or flex room adds versatility. Upstairs, the owner's suite offers large windows, an expansive walk-in closet, and a spa-inspired bath with a luxury shower.
Outside, Cedarhurst's four acres of community-owned waterfront include a community center, playground, picnic areas, ball fields, and open lawns overlooking the wetlands and water. With direct access to the Bay, boating, fishing, and sunset views are always within reach.
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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 |
|---|---|---|---|
| Sep 28, 2026 | Price Decreased |
$599,990
↓ $51K
(7.8%) | |
| Price Decreased | |||
| Sep 18, 2026 | Listed by Blackwell Real Estate, LLC | $650,990 | |
| Listed by Blackwell Real Estate, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017