21 SOUTHGATE AVENUE
About This Property
A newly expanded brick sidewalk entry welcomes you to the home, setting the tone for the thoughtfully curated elegance found within. Perched on a double elevated lot, the home features a generous front porch-an ideal spot to enjoy your morning coffee while taking in the ever-changing landscaping and vibrant neighborhood life. Step through the grand entry, where light from oversized windows bathes the foyer, and find yourself in a home where craftsmanship reigns. Brand-new white oak floors, installed to match the classic look of the 1800s, elevate the home's aesthetics, while wainscoting, soaring ceilings, high-end lighting fixtures, and antique fireplaces create warmth and soul in every room. Modern conveniences blend seamlessly with period details, including a large mudroom complete with a full bar, ample storage, and a beautifully re-designed half bath.
The kitchen is a dream - flooded with natural light from oversized windows and accented with a charming banquette. It opens seamlessly to the outdoors, inviting the fully fenced rear yard and garden inside, turning every meal into a memorable moment. The living and dining rooms set the tone for both casual and refined entertaining, with beautiful proportions and timeless finishes throughout.
Upstairs, the primary bedroom offers a peaceful retreat - generously sized, filled with natural light, and anchored by a spacious walk-in closet with custom built-ins. The sleek and sophisticated ensuite bathroom features a double vanity, Waterworks tile, a deep soaking tub, and a frameless glass shower with a ceiling-mounted rainfall fixture, designed for both style and function. Two additional bedrooms on the second level share a large classically timeless hall bath. The finished third floor offers a full suite, including a newly renovated bathroom with Waterworks tile and marble floors, as well as a private porch area overlooking the backyard and stretching over the treetops to downtown Annapolis.
Outside, the magic continues. The professionally designed garden and oversized yard offer a rare sense of space in the heart of historic Annapolis. Whether hosting lively family gatherings, lacrosse practice, or tossing the ball, the front and rear yards are designed to accommodate it all with ease. Curated landscaping with a new 16-zone irrigation system and custom lighting weaves color, texture, and serenity throughout the property, while the new bluestone patio and outdoor kitchen create the perfect backdrop for everything from festive celebrations to the most intimate garden dinners under the stars.
At 21 Southgate Avenue, history, craftsmanship, and modern luxury come together to offer a timeless Annapolis lifestyle - where every day feels like a celebration of home.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017