A serene approach leads you down a private drive unfolding to
reveal a breathtaking panoramic vista of the Chesapeake Bay.
Nestled on nearly six acres at the southern tip of the Potomac
River, this classic bay cottage is perfectly positioned to capture
extraordinary views. The horizon stretches across the Smith Point
Lighthouse, active shipping lanes, and the silhouettes of Tangier
and Smith Islands. With 250' of rip-rapped shoreline and a
private 110' dock (4-6' MLW) with water and electricity including
an 8000 lb boat lift, fish cleaning station and jet skit lift; the
property is a premier gateway to life on the water. The
interior is designed for gracious living creating a relaxing
atmosphere. The main level welcomes you into an expansive,
light filled space where a spacious kitchen features an island with
seating, an inviting dining area and vaulted living room with
incredible views. Two porches invite the bay breezes in. An
open study area offers an inspiring workspace alongside a bedroom
and full bath-all bathed in light through Anderson windows framing
the water vistas.
The lower level is a dedicated retreat where both bedrooms open to
a welcoming screened porch and wrap-around deck. The primary
features a large closet with custom built-ins and updated en suite
bathroom. A second bedroom provides a charming bunk room
setup, supported by a convenient half-bath and laundry room.
Outside, the detached, climate-controlled workshop/rec room
offers a fully finished flex space. The grounds are a private
sanctuary featuring a summertime outdoor shower and a productive
orchard of mature fig, pear, plum, and chestnut trees and
grapevines. Enjoy quiet privacy 10 minutes to Burgess, 20
minutes to Heathsville or Reedville, and 30 minutes to Kilmarnock.
Recent updates include a newer 50 year high wind roof, newer HVAC
and a private beach deck. From sun-drenched afternoons crabbing on
the dock to the quiet magic of sunrises and moonrises over the
water, these six acres offer a rare and peaceful bayfront escape.
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.
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