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1711 ELKRIDGE DRIVE
About This Property
The main level features a bright and welcoming living room with neutral finishes, recessed lighting, and attractive flooring that continues throughout much of the home. The spacious layout provides plenty of room for both everyday living and entertaining. The kitchen is a standout with crisp white cabinetry, coordinating white countertops and subway tile backsplash, stainless steel appliances, contrasting black hardware, and generous counter and cabinet space. A large peninsula adds additional workspace and creates an easy connection between the kitchen and dining area. French doors bring in natural light while providing convenient access to the backyard. A full bathroom on the main level adds flexibility and convenience.
Upstairs, all three bedrooms are located together along with the home's second full bathroom. The bathroom features a tiled tub and shower surround with a clean, neutral design. The separation between the main living spaces downstairs and bedrooms upstairs creates a practical floor plan while keeping the home's gathering areas open and comfortable.
Outside, the fully fenced backyard offers a generous amount of lawn space along with a patio ready for outdoor dining, grilling, or relaxing with friends. The fenced setting provides added privacy and plenty of possibilities for pets, gardening, recreation, or creating your own outdoor retreat.
Beyond the property itself, London Towne offers a lifestyle that makes this home especially appealing. The community features five beaches, fishing and crabbing piers, playgrounds, a renovated clubhouse, waterfront parks, and three gated boat ramps. Seasonal boat slip and kayak rack rentals are also available through the community. From the home, enjoy the convenience of being able to walk to the beach, waterfront park, nearby restaurants, and the library. There are no separate HOA dues, with community amenities funded through the county tax bill.
The sellers have especially loved the sense of community that comes with living here-from evening walks to the waterfront park and becoming regulars at neighborhood restaurants. Whether spending a quiet evening in the fenced backyard, heading down to the water, launching a kayak, or simply enjoying everything nearby, this home offers an opportunity to experience the easygoing waterfront lifestyle that makes London Towne such a special part of Edgewater. Offered at $430,000, this is a wonderful place to settle in and make your own.
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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 |
|---|---|---|---|
| Oct 23, 2026 | Sold | ||
| Sold | |||
| Sep 29, 2026 | In contract | - | |
| In contract | |||
| Sep 14, 2026 | Price Decreased |
$420,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Sep 3, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $430,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Sep 13, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017