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Lot 177 BAY POINTE DR
About This Property
Situated directly adjacent to the home at 570 Bay Pointe Drive, the lot offers beautiful water views of Cold Harbor Creek and sits just around the corner from the community marina, providing a perfect setting for those seeking a coastal lifestyle. The property is well-prepared for future development, as it features a 3-bedroom septic percolation test, a formal certification letter on file, and already has plans in approval process to build a gorgeous home by Timis Construction!
Ownership of this land also includes full membership in the Stratford Harbour Property Owners Association, granting access to an impressive suite of amenities such as private beaches on both the Potomac River and Lake Independence, an Olympic-sized swimming pool, a clubhouse, and various sports courts including tennis and pickleball. Come see it while you still can!
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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 22, 2026 | Sold | ||
| Sold | |||
| Jul 19, 2026 | In contract | - | |
| In contract | |||
| Jul 11, 2026 | Price Decreased |
$75,000
↓ $25K
(24.9%) | |
| Price Decreased | |||
| May 15, 2026 | Price Decreased |
$99,900
↓ $25K
(20%) | |
| Price Decreased | |||
| Mar 2, 2026 | Listed by RE/MAX Supercenter | $124,900 | |
| Listed by RE/MAX Supercenter | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017