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327 STEEDMAN POINT ROAD
About This Property
Welcome to 327 Steedman Point Rd, a 2025 transformed waterfront gem offering the ultimate blend of comfort, style, and serenity. This 2,732 finished sq ft home features 3 spacious bedrooms, 4 full bathrooms, and a dedicated office on the main floor-perfect for remote work or creative pursuits.
Every room is thoughtfully positioned to capture expansive views of the Magothy River, inviting you to wake up to water vistas and wind down by the fireplace with a riverfront sunset. The open-concept layout is ideal for both everyday living and entertaining, while the whole-house generator ensures peace of mind through every season.
Boating enthusiasts will love the deep water access (6+ft MLT) and two private slips on the dock , Lifts ASIS-your front-row seat to the water. Set on a private road, the home is equipped with well and septic systems for sustainable, independent living, and features upper and lower decks that elevate the tranquil outdoor experience. Renovations have covered it all including the retaining walls. Just come and enjoy!
Nestled in a peaceful enclave, this hidden gem offers a quick commute to Annapolis, Ft. Meade, Baltimore, and Washington, DC. Whether you're seeking a full-time residence or a weekend retreat, 327 Steedman Point Rd offers a rare chance to live your waterfront dream.
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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 |
|---|---|---|---|
| Dec 17, 2025 | Sold | ||
| Sold | |||
| Nov 23, 2025 | In contract | - | |
| In contract | |||
| Oct 15, 2025 | Price Decreased |
$1,150,000
↓ $35K
(3%) | |
| Price Decreased | |||
| Jul 24, 2025 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $1,185,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Jan 16, 2025 | Sold | ||
| Sold | |||
Property Highlights
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About Lake Shore
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017