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13181 RIVER VIEW DRIVE
About This Property
If you've been waiting for an affordable waterfront property, this is it. The home is structurally full of potential, with much of the work needed being cosmetic updates, rather than a complete rebuild. Bring your vision and transform this hidden gem into a stunning waterfront residence that reflects your own style. With recent renovated waterfront sales approaching or exceeding the $1 million mark, this property presents an exceptional opportunity for homeowners, second-home buyers, or investors alike.
Inside, you'll find an open layout with soaring ceilings, expansive windows, multiple living spaces, a bright sunroom, and incredible water views from nearly every main living area. The spacious floor plan offers the perfect foundation for a modern renovation while preserving the home's unique character. Imagine warm hardwood-style flooring, an updated chef's kitchen, beautifully renovated bathrooms, fresh paint, designer lighting, and walls of glass showcasing the river beyond.
Step outside and enjoy everything waterfront living is meant to be. Launch your kayak or paddleboard from your own shoreline, spend afternoons fishing or crabbing, relax on the upper-level deck overlooking the Patuxent River, or simply enjoy breathtaking sunsets and abundant wildlife from your backyard.
As a resident of Drum Point, you'll also enjoy access to outstanding community amenities including a private sandy beach, boat ramp, fishing pier, playground, picnic pavilion, basketball court, and community events that make this one of Southern Maryland's most sought-after waterfront neighborhoods.
Conveniently located just minutes from Solomons Island's restaurants, marinas, shopping, and entertainment, and an easy commute to NAS Patuxent River, this property combines the peaceful waterfront lifestyle with everyday convenience.
Finding a 3-bedroom, 3-bath waterfront home for under $550,000 in today's market is almost unheard of. Whether you're looking for a primary residence, vacation home, or investment opportunity, this is your chance to own prime waterfront real estate at an incredible value. With a little vision and cosmetic updating, this home has the potential to become something truly spectacular.
Don't miss this rare opportunity-schedule your private showing today before someone else turns this waterfront diamond in the rough into their dream home.
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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 18, 2026 | Sold | ||
| Sold | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Listed by CENTURY 21 New Millennium | $499,900 | |
| Listed by CENTURY 21 New Millennium | |||
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WATERFRONT OPPORTUNITY!! Rarely does a true waterfront home in the highly desirable Drum Point community become available at this price. Offering 3 bedrooms, 3 full bathrooms, and approximately 2,084 square feet on a scenic 0.28-acre Patuxent River waterfront lot, this home is your chance to create instant equity while designing the waterfront retreat you've always wanted.
If you've been waiting for an affordable waterfront property, this is it. The home is structurally full of potential, with much of the work needed being cosmetic updates, rather than a complete rebuild. Bring your vision and transform this hidden gem into a stunning waterfront residence that reflects your own style. With recent renovated waterfront sales approaching or exceeding the $1 million mark, this property presents an exceptional opportunity for homeowners, second-home buyers, or investors alike.
Inside, you'll find an open layout with soaring ceilings, expansive windows, multiple living spaces, a bright sunroom, and incredible water views from nearly every main living area. The spacious floor plan offers the perfect foundation for a modern renovation while preserving the home's unique character. Imagine warm hardwood-style flooring, an updated chef's kitchen, beautifully renovated bathrooms, fresh paint, designer lighting, and walls of glass showcasing the river beyond.
Step outside and enjoy everything waterfront living is meant to be. Launch your kayak or paddleboard from your own shoreline, spend afternoons fishing or crabbing, relax on the upper-level deck overlooking the Patuxent River, or simply enjoy breathtaking sunsets and abundant wildlife from your backyard.
As a resident of Drum Point, you'll also enjoy access to outstanding community amenities including a private sandy beach, boat ramp, fishing pier, playground, picnic pavilion, basketball court, and community events that make this one of Southern Maryland's most sought-after waterfront neighborhoods.
Conveniently located just minutes from Solomons Island's restaurants, marinas, shopping, and entertainment, and an easy commute to NAS Patuxent River, this property combines the peaceful waterfront lifestyle with everyday convenience.
Finding a 3-bedroom, 3-bath waterfront home for under $550,000 in today's market is almost unheard of. Whether you're looking for a primary residence, vacation home, or investment opportunity, this is your chance to own prime waterfront real estate at an incredible value. With a little vision and cosmetic updating, this home has the potential to become something truly spectacular.
Don't miss this rare opportunity—schedule your private showing today before someone else turns this waterfront diamond in the rough into their dream home.
| |||
| Jul 7, 2026 | Listed by CENTURY 21 New Millennium | $549,900 | |
| Listed by CENTURY 21 New Millennium | |||
| Jun 16, 2026 | Listed by CENTURY 21 New Millennium | $588,000 | |
| Listed by CENTURY 21 New Millennium | |||
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WATERFRONT PROJECT!! Patuxent River Waterfront opportunity in the sought-after Drum Point community! Situated on a scenic 0.28-acre waterfront lot, this distinctive 3-bedroom, 3-bath home offers approximately 2,085 square feet of living space surrounded by mature trees and the natural beauty of the Chesapeake Bay. Designed to embrace its exceptional setting, the home features spacious living areas, soaring ceilings, expansive windows, and multiple outdoor spaces perfect for enjoying waterfront living. The bright sunroom and main living areas are filled with natural light and showcase tranquil water views, while the upper-level deck provides the perfect place to relax and unwind. Step outside to your private shoreline where kayaking, paddleboarding, fishing, and waterfront adventures await. Residents of Drum Point also enjoy access to a private community beach, further enhancing the coastal lifestyle. Whether you're searching for a full-time residence, weekend retreat, or waterfront getaway, this property offers a rare opportunity to own Patuxent River Waterfront in one of Southern Maryland's most desirable waterfront communities.
Home will need updating and renovation but once complete this home could be worth around $1M based on recent comparables. Don't miss this opportunity! Set up a showing ASAP!
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About Drum Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017