3088 TUDOR HALL ROAD
About This Property
Discover the possibilities of waterfront living on beautiful Hardesty Cove in sought-after Riva. Offering privacy, generous living space, and exceptional long-term potential, this spacious four-bedroom property is ready for its next chapter.
The Hardesty Brothers-built one-level home provides comfortable living with three bedrooms and two full bathrooms on the main level, with one bedroom currently being used as a home office. The walkout lower level features a large great room with a fireplace, high ceilings, and expansive glass doors overlooking the water, along with an additional bedroom and full bathroom. This bright and versatile space offers excellent potential for an in-law suite, guest quarters, recreation space, home office, or additional living area.
Enjoy the Chesapeake Bay lifestyle from your private pier, complete with two boat lifts and approximately 5.5 feet of water at low tide and 11 feet at high tide. Hardesty Cove provides access to Beard's Creek, the South River, and the Chesapeake Bay. The property directly across the cove is not available for residential development, adding to the privacy and helping preserve the peaceful waterfront view.
Located in a quiet, non-through neighborhood, the property feels tucked away while remaining just minutes from downtown Annapolis, shopping, dining, marinas, major commuter routes, and popular waterfront destinations such as Mike's Crab House. It is also located within the South River school district with convenient access to Washington, D.C., Baltimore, and the surrounding region.
The large waterfront parcel of two lots may offer the potential for subdivision, adding another exciting dimension to this unique offering. Buyers should conduct their own due diligence with Anne Arundel County regarding subdivision possibilities, required approvals, and future development options.
Whether envisioned as a primary residence, weekend retreat, multigenerational home, renovation opportunity, or long-term investment, this distinctive waterfront property offers flexibility, privacy, location, and tremendous potential. Seller welcomes all offers.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Price Decreased |
$1,299,000
↓ $100K
(7.2%) | |
| Price Decreased | |||
| Aug 24, 2026 | Price Decreased |
$1,399,000
↓ $51K
(3.5%) | |
| Price Decreased | |||
| Jul 12, 2026 | Price Decreased |
$1,450,000
↓ $49K
(3.3%) | |
| Price Decreased | |||
| Jun 11, 2026 | Listed by RE/MAX Leading Edge | $1,499,000 | |
| Listed by RE/MAX Leading Edge | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017