3199 NAVIGATOR DRIVE
About This Property
Step outside to a screened porch and open deck overlooking the golf course, offering peaceful, open views and the perfect setting for relaxing, entertaining, or enjoying Eastern Shore sunsets.
Located in Captain's Cove, a premier waterfront golf and marina community along Chincoteague Bay, residents enjoy an incredible array of amenities including a 9-hole golf course, indoor and outdoor pools, fitness center, marina with boat ramp, tennis, pickleball and basketball courts, walking and biking trails, playground, dog park, and a waterfront restaurant and clubhouse. Just a short drive to Chincoteague Island and Assateague's pristine beaches and wild ponies, and minutes from Wallops Island NASA Flight Facility, this home offers the perfect blend of modern comfort, resort-style amenities, and unbeatable coastal location-ideal for full-time living, a second home, or investment opportunity.
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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 |
|---|---|---|---|
| May 18, 2026 | Sold | ||
| Sold | |||
| Apr 22, 2026 | In contract | - | |
| In contract | |||
| Apr 20, 2026 | Listed by Long & Foster Real Estate, Inc. | $380,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017