2054 SHORE DRIVE
About This Property
Enjoy access to five community beaches, multiple docks and boat slips, kayak launches, fishing piers, playgrounds, and neighborhood events. Situated with access to Glebe Bay, the South River, and the Chesapeake Bay. Wildlife can often be seen from the property. Just minutes to Triton Beach, Mayo Beach Park, Quiet Waters Park, Historic London Town Gardens, and downtown Annapolis. Conveniently located near waterfront dining, boutique shopping, grocery stores, Route 2, Route 214, Route 50, I-97, and major commuter routes with access to BWI Airport, Washington D.C., and Baltimore.
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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 |
|---|---|---|---|
| Aug 4, 2025 | Sold | ||
| Sold | |||
| Jul 5, 2025 | In contract | - | |
| In contract | |||
| Jul 3, 2025 | Listed by TTR Sotheby's International Realty | $699,900 | |
| Listed by TTR Sotheby's International Realty | |||
| May 28, 2025 | Price Decreased |
$699,990
↓ $65K
(8.5%) | |
| Price Decreased | |||
| May 11, 2025 | Price Decreased |
$764,900
↓ $31K
(3.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017