3214 BENNETT POINT RD
About This Property
Step inside and be wowed by the large open concept kitchen and living area, perfect for gatherings. Enjoy the serene beauty from your screened-in porch or retreat to the luxurious first-floor primary suite. Brazilian cherry floors add elegance throughout, and the upper level boasts three spacious bedrooms. The large detached four-car garage offers incredible potential for future expansion, with nearly 1,000 square feet of unfinished space above the garage-ideal for an epic home office, studio, or in-law suite, complete with Anderson custom windows.
An entertainer's dream, this home features a large patio, a pool, and a waterfront playground with a private beach and pond-rare treasures in Bennett Point. The property features over 7,000 square feet of hardscape pavers, with a 300-foot driveway that seamlessly extends your outdoor living space into a sprawling patio-perfect for entertaining guests or relaxing with family while enjoying the breathtaking waterfront views and serene surroundings. The community pier includes three deep water boat slips, two with boat lifts, providing easy access to the Wye River and charming destinations like Saint Michaels and Kent Narrows. With convenient access to Washington DC, Annapolis, Easton, Baltimore, and just two hours from Philadelphia, this location is unbeatable.
Enjoy year-round western exposure sunsets and a diverse array of wildlife, including bald eagles, ospreys, blue herons, waterfowl, deer, and foxes.
Recent upgrades include a new 50-year roof with architectural shingles on both buildings and the breezeway, new high-efficiency dual-zone Bosch HVAC systems, and a backup gas furnace with a 500-gallon underground propane tank. Brand new septic pump system and underground holding tanks (2024). The home also features a gas Vermont Castings stove, a large Defiant Vermont Castings wood-burning stove, and a pellet-burning stove in the family room. Built to last, this home boasts well-constructed 2x6 exterior walls, blown-in insulation, and reinforced steel vertical beams to withstand hurricane winds. Additionally, it is built above the floodplain, so no flood insurance is required.
Additional features include Brazilian cherry 5" plank flooring on both levels, a whole house audio system, and a first-floor master bedroom for convenient living. A large upright firearms fire-rated safe, a hot tub, and a 12x18 outdoor storage shed convey with the property. The HVAC system comes with a 10-year warranty, and the new roof includes a 50-year non-prorated warranty on materials and a 5-year labor warranty on both buildings. New gutters with gutter helmets have been installed.
Experience unparalleled privacy, stargazing without ambient light, and a home that simply cannot be reproduced. Enjoy this spectacular serene waterfront retreat with million dollar sunsets-Welcome to your dream home! Call us to find about the income potential!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 10, 2025 | Sold | ||
| Sold | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
| Jul 31, 2024 | Price Decreased |
$2,999,000
↓ $350K
(10.5%) | |
| Price Decreased | |||
| Jul 10, 2024 | Price Decreased |
$3,349,000
↓ $150K
(4.3%) | |
| Price Decreased | |||
| Jun 13, 2024 | Listed by Sullivan Select, LLC. | $3,499,000 | |
| Listed by Sullivan Select, LLC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017