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12631 WESTERN CIRCLE
About This Property
Nestled among mature trees, you'll enjoy the privacy and natural beauty of the lot while taking advantage of the incredible amenities Chesapeake Ranch Estates has to offer. Residents enjoy two private Chesapeake Bay beaches (Driftwood and Seahorse Beaches), the freshwater Lake Lariat for swimming, fishing, kayaking, and paddleboarding, a community campground, clubhouse, athletic fields, playgrounds, community gardens, a private airpark, and year-round community events. The community also provides private road maintenance, snow removal, and security patrols for added peace of mind.
Conveniently located just minutes from Solomons Island, Lusby Town Center, shopping, dining, marinas, parks, and NAS Patuxent River, this property offers the perfect combination of peaceful living and everyday convenience. Bring your builder and start turning your dream home into reality!
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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 11, 2026 | Sold | ||
| Sold | |||
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Jul 7, 2026 | Listed by CENTURY 21 New Millennium | $39,900 | |
| Listed by CENTURY 21 New Millennium | |||
| Mar 3, 2025 | In contract | - | |
| In contract | |||
| May 24, 2024 | Relisted | $40,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017