One of a kind custom designed home! Walk up the grand stone
steps and enter thru double doors to a tile foyer with a walk-in
coat closet, half bath, and laundry across from the downstairs
ensuite that includes two walk-in closets, and a jacuzzi tub plus
shower in it's bath. Step down to the hardwood floors of the dining
room, great room- with a floor-to-ceiling stone gas fireplace - and
a gourmet kitchen including eating area. Upstairs is another
ensuite with double lighted closets, corner jacuzzi tub and shower,
and two balconies - one indoor, one out. Also upstairs are
two more bedrooms (one with a bonus room), off a hallway with
another overlook and three walls of bookcases. There are five
sliding glass doors leading to a wrap around deck overlooking a
lovely landscaped backyard that includes a large pond with
waterfall, and a dock with boat lift on a wide canal. Additionally,
this home has a circular driveway, a two car garage with overhead
storage, Andersen windows and doors throughout, huge floored attic,
five pocket doors, three newish HVAC systems, a central vac system,
a direct propane grill hook up, an outdoor shower, and a climatized
encapsulated crawl space. All blinds convey. Ocean Pines
community has 5 swimming pools, golf course, Yacht Club with
restaurant, golf course with club house, and its own fire station
and police force. Roof 2yrs old, 3 zone AC and heat 5yrs old, crawl
space encapsulation wit dehumidifier
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.
Last updated: 23 hours ago (Bright MLS #MDWO2038474)
Price History
Date / Event
Date
Event
Price
Sep 17, 2026
Price Decreased
$1,495,000
↓ $65K
(4.2%)
Price Decreased
Jun 1, 2026
Listed by NBI Realty, LLC
$1,560,000
Listed by NBI Realty, LLC
Aug 4, 2021
No longer available
-
No longer available
Jun 11, 2021
Listed by NBI Realty LLC
$1,096,000
Listed by NBI Realty LLC
single family home in ocean pines community, waterfront with a extra wide canal, minutes to the bay. Stone front with a large circular driveway. Landscaped with a fish pond with running water features. Community has 5 swimming pools, golf course, Yacht club and restaurant, golf club house. Ocean pines has its own police and fire departments. Close to great medical facilities. The manager has listed the unit size as 4440 square feet.
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