279 9TH STREET
About This Property
Experience the charm of coastal living with a modern twist in this beautifully crafted 3-bedroom, 2.5-bath home located in the heart of Classic Shores-a golf cart-friendly neighborhood just minutes from downtown Colonial Beach's boardwalk, sandy beaches, restaurants, boutiques, and breweries.
Built in 2023 and occupied only a handful of times, this home is truly like new, offering a rare opportunity to enjoy custom construction without the wait.
From morning coffee on the screened-in front porch, with premium outdoor ceiling fans, to sunset gatherings in the fully fenced backyard with its oversized patio, every inch of this home was made for relaxed, easygoing living.
Inside, the open-concept layout creates a seamless flow from the bright living and dining areas to a custom kitchen designed for connection-with an oversized island, granite countertops, and eye-catching two-tone cabinetry that perfectly blends style and function.
The primary suite offers a peaceful retreat with a walk-in closet and en suite bath, while the two additional bedrooms are connected by a Jack and Jill bathroom-ideal for guests, kids, or visiting family. A half bath for guests and laundry room round out the thoughtful floor plan.
This corner lot offers privacy and a unique advantage-no neighbors to the left or across the street, plus direct access to the golf cart path and a large town-owned green space next door, perfect for extra elbow room or letting the kids or pups play.
The shed with an overhead door is perfect for storing your golf cart, beach gear, or weekend toys-and yes, the paved driveway and picket fence give it that picture-perfect curb appeal.
Whether you're settling in full-time, creating your weekend escape, or investing in a low-maintenance rental, this home offers the best of Colonial Beach living-where days are slower, streets are golf cart-friendly, and water views are always nearby.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017