31200 PHILLIPS BRANCH ROAD
About This Property
Inside, multiple living and gathering spaces create an unusual amount of flexibility. The main level includes two bedroom suites along with an updated kitchen, spacious family and living areas, game room, office, exercise/flex space and a large four-season room overlooking the backyard. Upstairs adds even more living and flex space, allowing the home to adapt easily to changing needs.
One of the property's most distinctive features is the private living quarters, offering a separate entrance, living room, kitchen, bedroom/flex space, sunroom and direct access to its own oversized garage. It creates an exceptional setup for extended family, guests or multigenerational living while maintaining both privacy and connection to the main home.
For anyone who needs serious garage, workshop or vehicle space, this property is especially hard to duplicate. The main 28' x 48' garage accommodates up to four vehicles and includes a 16' x 48' conditioned workshop/storage area above. A second 18' x 54' garage can accommodate up to three vehicles or a motorhome. Two separate driveways with additional side parking provide room for numerous vehicles, while two RV hookups offer additional flexibility and the potential for conversion to EV charging.
Outside, the property is beautifully established with mature landscaping, a fenced rear yard, paver walkways, decorative pond, landscape lighting, fire pit and two sheds with electric. The property is also registered with the National Wildlife Federation as a Certified Wildlife Habitat, a fitting distinction for the thoughtfully landscaped setting. A new roof, conditioned crawlspace, Pella windows throughout and extensive improvements reflect the care that has gone into the property.
This isn't simply a large home-it's a property designed to make exceptionally good use of its space. Nearly 6,000 square feet of living area, private living quarters, substantial garage and workshop space, extensive parking and an established outdoor setting all come together on less than an acre. For buyers who want room for multiple generations, vehicles, hobbies, guests and everyday life-but don't want several acres to maintain-this home offers a combination that would be extraordinarily difficult to recreate.
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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 |
|---|---|---|---|
| Sep 26, 2026 | Listed by RE/MAX Realty Group Rehoboth | $1,349,000 | |
| Listed by RE/MAX Realty Group Rehoboth | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017