245 LIGHTHOUSE VIEW DRIVE
About This Property
The home features an exquisite coastal design with open spaces and high ceilings, creating an airy atmosphere perfect for entertaining. Enjoy seamless transitions between indoor and outdoor living with ample entertaining areas that invite the beauty of the outdoors in. Dive into summer fun with your own heated waterfront pool, or take advantage of the private pier equipped with a boat lift and lower platform, making it easy to launch your kayak or paddleboard. Experience spectacular views of the iconic Bay Bridge and Bloody Point Lighthouse, with the western shore just a short boat ride away. Indulge in dining adventures at local eateries across the bay in Annapolis and West River or explore the charming destinations of Kent Narrows and St. Michaels to the east. For your everyday needs, a quaint country marina store is just around the corner, offering essentials for quick meals, as well as delicious takeout options, including steamed crabs and a selection of seafood, beer, and wine. This property is the epitome of Eastern Shore waterfront living, where luxury meets nature, and every day feels like a vacation. Come and discover the ultimate retreat that awaits you on the Chesapeake Bay!
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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 |
|---|---|---|---|
| Nov 20, 2025 | Sold | ||
| Sold | |||
| Sep 21, 2025 | In contract | - | |
| In contract | |||
| Aug 26, 2025 | Price Decreased |
$1,994,000
↓ $201K
(9.2%) | |
| Price Decreased | |||
| Jul 17, 2025 | Price Decreased |
$2,195,000
↓ $100K
(4.4%) | |
| Price Decreased | |||
| Jul 10, 2025 | Price Decreased |
$2,295,000
↓ $50K
(2.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017