1270 SWAN DR
About This Property
Welcome to this exquisite waterfront home situated on the scenic Little Magothy River in Annapolis complete with (Elevator) making this your forever home. This 5-bedroom, 4.5-bath property offers luxurious living with stunning water views and exceptional craftsmanship throughout its 2,800 square feet. Set on a .21-acre lot with a private pier boasting 3 feet of mean water depth, this home is perfect for boating enthusiasts and nature lovers alike.
Key features include two primary suites, each with its own beautifully designed bathroom, including the primary suite with a vaulted ceiling, a spacious walk-in closet, and a private balcony to enjoy sunrises. Inside, the home is adorned with custom trim and hardwood floors on the main level, complementing the open-concept design. The kitchen is a chef's dream, featuring quartz countertops, shaker-style soft-close cabinets, a double wall oven with a warming drawer, a 42" chef's refrigerator, a wine fridge, an Advantium microwave/oven, propane cook-top, and a bar fridge in the pantry.
The home has a new well, public sewer, upgraded Andersen windows, and a new architectural shingle roof. The beautiful back deck offers a perfect space for outdoor entertaining while enjoying waterfront views.
Additional highlights include beautiful tile work in all four bathrooms, designer-inspired lighting and plumbing fixtures. This home is equipped with a custom-built elevator (no need for a rancher or 55+ community), EV charging outlet, ceiling speakers on the first floor and outside speakers on the deck. The 300 sf garage can be converted for additional living space.
Permits in process to extend the pier and additional 50 ft which will give the mean water depth 5 ft. Seller will be extending the pier 50 ft at the seller's cost and will also be installed 2 additional pilings so that the buyer can easily install a boat lift if desired. If the pier is not built prior to closing the funds to complete the project will be put in escrow from the seller's proceeds.
The community offers residents access to three beaches, 3 marinas and a community pool with membership, providing a serene lifestyle. Blue-Ribbon Schools! With all these upgrades and a waterfront location, this home is the perfect blend of luxury and comfort. This home is NOT in an A or an AB flood zone. Don't miss your chance to own this exceptional waterfront property!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017