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Lot 19 BANCROFT AVENUE
About This Property
The open-concept main level was designed for the way people actually live, with a spacious Great Room flowing seamlessly into the dining area and kitchen. The kitchen will feature shaker-style cabinetry, quartz countertops, stainless steel appliances, a true pantry, and a layout that keeps everyone connected whether you're hosting friends after a day on the water or enjoying a quiet night at home. The main-level primary suite creates a true retreat with a walk-in closet and private en suite bath with tiled shower.
Upstairs, two additional bedrooms and a full bath provide comfortable space for guests or family. Throughout the home, details like flat craftsman style custom casings & trim work, modern two-panel doors, and upgraded hardware give the Sandstone the elevated feel Gray Construction is known for.
One of the biggest advantages? Construction has already begun, but early buyers still have time to make select design choices including paint colors, flooring, cabinetry, countertops, and exterior finishes - allowing you to put your personal touch on this beautiful new build.
Located in the heart of Colonial Beach's beloved Point neighborhood, you'll enjoy golf cart rides to beaches, restaurants, boutiques, the boardwalk, marinas, and waterfront sunsets that make this small river town so special.
📍 Highlights:
• 3 Bedrooms | 2.5 Baths
• Construction underway by Gray Construction
• Open-concept layout with spacious Great Room
• Kitchen with shaker cabinets, quartz & stainless appliances
• Main-level primary suite with walk-in closet & tiled shower
• Custom trim details & upgraded finishes throughout
• Blocks from the Potomac River & Monroe Bay
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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 |
|---|---|---|---|
| May 24, 2026 | Price Increased |
$585,000
↑ $10K
(1.7%) | |
| Price Increased | |||
| Oct 7, 2025 | Listed by Coldwell Banker Elite | $575,000 | |
| Listed by Coldwell Banker Elite | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017