209 SUTTON WICK RD
About This Property
Welcome to Magothy Manor, an exceptional waterfront estate nestled on the peaceful banks of the Magothy River. Surrounded by nature, this captivating waterfront compound offers breathtaking views and endless opportunities for outdoor recreation. Situated on a sprawling 1.38 acre lot, this 5 bedroom, 5 full bath and 2 half bath residence offers a total of 5,769 square feet of living space, with 65 feet of prime water frontage and two covered, deep-water slips.
Inviting you with an elegant circular driveway, the enchanting main house exudes character, with its creative and unconventional design. The unique layout offers maximum privacy and abundant space for entertaining. Move right in, or envision the endless opportunities for customization.
In addition to the main house, the expansive property offers a carriage house with full bath, perfect for a short-term rental. The 3-car garage features pull-through doors and a second-story loft, adding to the many amenities of this special property.
The outdoor space is truly where this home shines, sitting on one of the Chesapeake Bay's most desirable rivers with deep water – truly a sailor's paradise. The home's ideal location across from Beachwood Park offers a genuinely serene environment. Just up from the shoreline, the landscaped grounds feature manicured gardens, patios and walkways adding to the allure of this one-of-a-kind estate!
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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 |
|---|---|---|---|
| Apr 11, 2023 | Sold | ||
| Sold | |||
| Mar 10, 2023 | In contract | - | |
| In contract | |||
| Mar 2, 2023 | Listed by Capital Residential Properties | $1,695,000 | |
| Listed by Capital Residential Properties | |||
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About Pasadena
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017