1980 Sherwood Drive
About This Property
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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 |
|---|---|---|---|
| Aug 25, 2026 | Price Decreased |
$1,450,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
| Aug 11, 2026 | Listed by Coldwell Banker West | $1,499,999 | |
| Listed by Coldwell Banker West | |||
| Oct 31, 2025 | Price Decreased |
$1,749,000
↓ $51K
(2.8%) | |
| Price Decreased | |||
| Aug 31, 2025 | Listed | $1,799,999 | |
| Listed | |||
| | |||
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Just seconds from the ocean in Cambria’s coveted Marine Terrace neighborhood, 1980 Sherwood Drive offers a rare blend of panoramic ocean views, thoughtful renovations, and a lifestyle where serenity meets coastal charm. Perched above Otter Cove, this 2-bedroom, 2-bath home lets you experience the sound of waves throughout the day, creating an everyday retreat. Inside, open and sun-filled living spaces are finished with scratch-resistant waterproof luxury vinyl flooring, seamlessly connecting style with durability. The newly renovated kitchen is a true centerpiece complete with Quartz countertops, all-new Thor appliances, and elegant upgrades designed for both cooking and connection. Spa-inspired bathrooms with Quartz finishes elevate daily routines into moments of relaxation. Outdoors, enjoy brand-new landscaping, Trex decking, and double-faced Redwood fencing, all designed to endure the coastal elements while offering privacy and curb appeal. A durable concrete shingle roof adds peace of mind, while modern essentials like central heating, Sunrun solar panels, and a new water heater ensure efficiency and comfort year-round. Beyond the home, the best of Cambria awaits tidepools, scenic coastal trails, and the vibrant village just minutes away. 1980 Sherwood Drive isn’t just a house, it’s the setting for your next chapter where ocean views, coastal living, and timeless design come together.
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| Jun 2, 2025 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017