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31 VIRGINIA AVENUE
About This Property
The enclosed front and back porches are standout features, each equipped with its own mini-split system for added comfort. A wall of windows on the porches fills these spaces with natural light and creates inviting spots to relax, dine, work, or entertain throughout the year.
Inside, the cottage offers a comfortable living room with hardwood flooring and an eat-in kitchen with a tile backsplash and pantry storage. Two bedrooms and an updated bath complete the main living space. Outside, a spacious backyard shed provides additional storage, while a dedicated golf cart parking area adds convenience.
Enjoy the Colonial Beach lifestyle with the Potomac River less than 400 feet away and easy access to the beach, local restaurants, shops, boardwalk, and pier. Fully furnished and ready to enjoy, this charming cottage offers a convenient way to make the most of everything Colonial Beach has to offer.
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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.
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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 18, 2026 | Listed by Coldwell Banker Elite | $399,000 | |
| Listed by Coldwell Banker Elite | |||
| Jan 16, 2025 | Sold | ||
| Sold | |||
| Dec 16, 2024 | In contract | - | |
| In contract | |||
| Oct 31, 2024 | Listed by Coldwell Banker Elite | $399,000 | |
| Listed by Coldwell Banker Elite | |||
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Welcome to your perfect beachside retreat! This delightful 2-bedroom, 1-bath cottage offers a blend of Colonial Beach charm and modern comfort, set in an ideal location with Potomac River water views. As you approach, you’ll be greeted by a classic white picket fence, adding to the storybook feel of this charming home. Step inside to the sun-filled, enclosed front porch—the true gem of this property. With built-ins and large windows that flood the space with natural light, this versatile area is perfect for relaxing with your morning coffee while soaking in the views. Walking inside to a comfortable living room with hardwood floors opening to the the eat-in kitchen features a stylish tile backsplash, a pantry for extra storage, and room to enjoy meals with loved ones. There are two generously sized bedrooms, and an updated bathroom adds to the beachy feel. At the back of the house, you'll find a second enclosed porch—a flexible space that’s perfect for creating your dream bar, man cave, or artist’s studio. The large backyard shed provides ample storage, and there's even a dedicated parking space for your golf cart. Conveniently located minutes from local restaurants, boutiques, boardwalk, and pier.
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| Aug 1, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017