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31 BANCROFT AVENUE
About This Property
Step into the timeless character of this circa‑1890 Colonial Beach classic, beautifully refreshed for today's lifestyle. Located on a spacious corner lot just moments from the Potomac River, this expansive 6‑bedroom, 4‑bath home blends historic charm with thoughtful modern updates-offering the best of both worlds in one of Virginia's most beloved waterfront towns.
🏡 Updated With Style and Comfort & FULLY FURNISHED
Inside, the home has been recently updated with neutral colors, fresh flooring, and modern finishes, creating a bright, cohesive backdrop ready for any decor style. The generous layout provides room for everyone, whether you're hosting, working from home, or simply spreading out.
• Six large bedrooms with flexible use options
• Four full baths, including updated fixtures and finishes
• Custom dog‑washing station, a rare and practical luxury for pet lovers
• Abundant storage, perfect for seasonal items, hobbies, and gear
• Enclosed front porch, ideal for relaxing, reading, or enjoying the neighborhood's easygoing pace
EMBRACE THE POTOMAC RIVER LIFESTYLE
Colonial Beach is famous for its Potomac River shoreline, sandy beaches, and breathtaking sunsets. From boating and fishing to waterfront dining and long walks along the boardwalk, river life here is both peaceful and invigorating.
A HISTORIC TOWN WITH A HEART
As one of Virginia's treasured small towns, Colonial Beach offers a unique blend of history, charm, and community spirit. Enjoy local shops, restaurants, art spaces, and year‑round events-all accessible by golf cart, the town's favorite way to get around.
Investment opportunity: Airbnb READY fully furnished from linens to forks..Make money when you aren't staying at this one of a kind home!
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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 17, 2026 | Price Decreased |
$414,900
↓ $5K
(1.2%) | |
| Price Decreased | |||
| May 21, 2026 | Price Decreased |
$419,900
↓ $20K
(4.6%) | |
| Price Decreased | |||
| May 8, 2026 | Price Decreased |
$439,900
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Apr 19, 2026 | Price Decreased |
$449,900
↓ $30K
(6.3%) | |
| Price Decreased | |||
| Mar 27, 2026 | Listed by RE/MAX Supercenter | $479,900 | |
| Listed by RE/MAX Supercenter | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017