3019 BENNETT POINT RD
About This Property
Highlights include approximately 11,000+/- sq.ft of living space, 7 Bedrooms, 8.5 updated Baths, indoor salt-water pool, elevator, rear trex-type deck, tennis court with gazebo, treehouse, 2-car attached garage, pier with 2 boat lifts and slips, and updates throughout.
The main level features a sunbathed open floor plan foyer, leading directly to the dining room and grand living room with wood burning fireplace and multiple exposures overlooking the water. The updated gourmet eat-in kitchen with breakfast area offers large island with bar seating, Thermador & Viking stainless steel appliances, granite topped counters, sitting area, and a walk-in pantry. Off the kitchen are 3 bedrooms, 1 with ensuite bathroom, and an additional bathroom. The main level is completed by his & her office, screened front porch, powder room, elevator to 3 levels, saltwater pool with desert air climate control & retractable cover, walk-in sauna & full bathroom, laundry, and large 2-car garage.
The second level offers the primary suite, 3 additional bedrooms with ensuite bathrooms, laundry room, balcony overlooking the Wye, open exercise area, and elevator access. The large primary suite has a gas fireplace, two large walk-in closets and direct access to the laundry. The upgraded luxurious primary bathroom features a double vanity, separate seamless glass shower, free standing tub, powder room, and access via double doors to a large balcony overlooking the rear yard and Wye River.
The 3rd level offers a large crow's nest with wet bar and is a perfect spot to enjoy 360-degree views east across the Wye River towards the Wye River Nature Preserve, south down Bennett Point, and west to the Eastern Bay.
The main house is completed by a full lower level with access via staircase, elevator, and walk-out stairs. Offering a theater room, game area with wet bar and dishwasher, billiard area, bonus room that can be used as a bedroom, full bathroom, and ample storage.
Set on 5.7+ acres the private property features mature landscaping, a first-class tennis/pickle ball court with a new screened gazebo, hot tub, tree house, redone dock with two lifts (25,000lbs, 1,500lbs) and a paddle board launching float, paddle board rack, natural shoreline. Easy access to Washington DC, Annapolis, Easton, St. Michael, Baltimore, 2 Hours from Philadelphia, and less than 4 hours from New York City.
All interion/exterior furnishings available for purchase separately.
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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%.
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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 |
|---|---|---|---|
| Mar 22, 2023 | Sold | ||
| Sold | |||
| Sep 15, 2022 | Listed by Washington Fine Properties, LLC | $3,745,000 | |
| Listed by Washington Fine Properties, LLC | |||
| Apr 13, 2022 | Sold | ||
| Sold | |||
| Apr 9, 2022 | No longer available | - | |
| No longer available | |||
| Feb 8, 2022 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017