131 SQUARE RIGGER WAY #131
About This Property
Step inside this light-filled 3 bedroom, 2 full bath condo and immediately feel the spaciousness of the open-concept living area, enhanced by soaring vaulted ceilings, expansive windows, and sleek new vinyl flooring that flows throughout the home. At the heart of the living room, you'll find the first of two elegant wood-burning fireplaces, beautifully updated with a custom tile surround, perfect for cozy evenings or relaxed entertaining.
To your left, the sunroom beckons-a peaceful, tree-lined retreat with large windows and sliding glass doors that open to a private balcony overlooking lush greenery. Just beyond, the second fireplace adds a warm, inviting ambiance to the primary suite, offering a serene sanctuary at the end of the day.
The kitchen is fully updated with stylish cabinetry, and brand-new stainless steel appliances, including a modern range and French-door refrigerator. The adjacent dining area and wet bar make entertaining effortless.
Both bathrooms have been tastefully renovated with fresh finishes and fixtures, including a striking double vanity in the primary bath. The entire home is bright, clean, and move-in ready-with only minimal updates needed to make it your own.
Outside, enjoy all the perks of life at Solomons Landing, from the community fitness center, outdoor resort-style pool, tennis and pickleball courts, and walking paths, to the clubhouse and pavilions for gatherings with neighbors and friends. The community is just minutes from Solomons Island's shops, dining, and marinas-and this unit includes a 45' boat slip, just a short stroll away from your door.
Don't miss the rare opportunity to own a spacious, upgraded penthouse in one of Southern Maryland's premier waterfront communities. Deeded 45' boat slip (P-7) on Back Creek available for an additional cost of $15,000.
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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 |
|---|---|---|---|
| Aug 18, 2025 | Sold | ||
| Sold | |||
| Jul 19, 2025 | Price Increased |
$406,000
↑ $6K
(1.5%) | |
| Price Increased | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jul 16, 2025 | Listed by CENTURY 21 New Millennium | $399,900 | |
| Listed by CENTURY 21 New Millennium | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/16/2025
|
3 Bed
|
2 Bath
|
1650 ft²
|
$399,900
3 Bed
2 Bath
1650 ft²
|
$406,000
+1.53%
08/18/2025
|
Mark Fuchsluger Jr.
Weichert, Realtors - Diana Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017