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28 SHIP DRIVE
About This Property
The inviting living room opens through double sliding doors to a waterfront deck, creating the perfect place to enjoy your morning coffee, evening sunsets, or entertain family and friends. The home offers three generously sized bedrooms, two full bathrooms, a large laundry room with pantry storage, and direct access from the oversized two car garage into the home for everyday convenience.
The fully enclosed ground level provides exceptional storage space, making it easy to keep all of your boating gear, beach toys, and outdoor equipment organized. Outside, you'll find a vinyl fenced backyard, a vinyl bulkhead, and room to dock your boat right outside your door, making every day feel like a vacation.
Ideally located near local shopping, restaurants, marinas, and just minutes by boat or car to Osborn Island Bay Beach, Long Beach Island, and Atlantic City, this home offers the perfect blend of comfort, convenience, and waterfront living. Being only four years old, you can move in with confidence knowing the major systems and finishes are modern, stylish, and ready for years of enjoyment.
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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 |
|---|---|---|---|
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Listed by Keller Williams Realty - Atlantic Shore | $689,900 | |
| Listed by Keller Williams Realty - Atlantic Shore | |||
| May 15, 2024 | Sold | ||
| Sold | |||
| Feb 6, 2024 | Listed by Keller Williams Shore Properties | $639,900 | |
| Listed by Keller Williams Shore Properties | |||
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Welcome to this recently renovated 3 bedroom 2 bath raised waterfront home. Kitchen has beautiful granite counter tops with white shaker soft close cabinets and modern glass tile backsplash with stainless steel appliances. Open concept. New Luxury vinyl flooring. It features 50ft of bulkhead . Featuring a 2 car garage that will easily accommodate 4 cars with an additional garage door in the backyard for easy access. Rannai tankless on demand hot water heater Enjoy the water views from you second story Trex deck
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| May 5, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017