2415 MITCHELLVILLE ROAD
About This Property
A rare opportunity to own brand-new construction on 1.1 acres in the heart of Bowie, with an estimated completion of March / April 2026. This custom-built Craftsman-style home offers timeless design, flexible living, and a highly desirable setting near Woodmore Road. New construction on acreage in Bowie is increasingly hard to find, especially with no HOA and the Front Foot Benefit Fee paid in full.
The thoughtfully designed main level features a first-floor bedroom and full bath, ideal for multigenerational living, extended guests, or main-level convenience. A versatile flex space provides options for a home office, sitting room, or additional living area. A formal dining room offers an inviting space for gatherings and special occasions.
At the heart of the home, the gourmet kitchen features custom real-hardwood cabinetry, expansive quartz countertops, stainless steel appliances, and a large center island. The kitchen flows seamlessly into the breakfast area and spacious family room with a coffered ceiling and modern fireplace. A light-filled morning room extends the living space and offers a comfortable place to start or end the day.
A standout architectural feature is the full upper-level veranda, adding character and elevated outdoor living rarely found in new construction. A covered porch further enhances the home's connection to the outdoors.
Upstairs, you'll find three generously sized secondary bedrooms with walk-in closets, including one en-suite and two connected by a Jack-and-Jill bath. The owner's suite is a private retreat with a sitting area, dual walk-in closets, and a spa-inspired bath with soaking tub and oversized shower.
The fully finished lower level adds flexibility with a large recreation room, wired theater room, guest bedroom, full bath, and ample storage, all finished in durable, low-maintenance tile. A full walkout provides direct access to the expansive backyard.
Set on 1.1 acres, the property offers space for future outdoor enhancements such as a pool or firepit. A two-car side-load garage adds convenience and curb appeal. With close proximity to shopping, dining, and major commuter routes, this home delivers a rare combination of space, flexibility, and modern construction in Bowie.
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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 |
|---|---|---|---|
| Feb 2, 2026 | Listed by Keller Williams Flagship | $1,399,999 | |
| Listed by Keller Williams Flagship | |||
| May 24, 2024 | Listed | $350,000 | |
| Listed | |||
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Great opportunity to purchase hard to find land approximately 1.1-acres in Bowie. Close to Bowie Blacksox Park and shopping. Zoned residential and nestled between neighboring houses. Bring your own builder and imagination to build your dream home. Buyer must do their own due diligence and responsible for all fees. No percolation test, no survey, no permits of any kind are available for this lot. Public electricity, water and sewer septic off street and nearby but not present on property. Photo bounties are approximations not deemed as accurate. Buyer must do their own boundary survey. Please hurry, ask your agent to make an appointment to walk this fantastic property, this one may not last.
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| Apr 15, 2024 | Sold | ||
| Sold | |||
| Apr 3, 2024 | In contract | - | |
| In contract | |||
| Mar 21, 2024 | Price Decreased |
$275,000
↓ $45K
(14.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017