3372 OAK DRIVE
About This Property
A rare offering in the water-privileged community of Glebe Heights, this well-maintained property sits on nearly a full acre and offers exceptional indoor-outdoor living with timeless potential. The main residence features three bedrooms, a large living room, formal dining room, a pristine kitchen with an additional dining area that overlooks the in-ground pool, and a bonus space suited for a home office or studio. Fresh paint and new carpet throughout most of the home. The attached oversized two-car garage offers a private in-law suite above (access inside the home and through the garage) that includes a full bathroom, wet bar and walk-in closet. Glebe Heights residents enjoy access to a private beach, community pier, and boat ramp, providing a true waterfront lifestyle just minutes from the shops, restaurants, and marinas of Edgewater, and a short drive to historic Annapolis. Whether you're looking for a multi-generational layout, investment opportunity, or a residence with space to personalize, this is a compelling opportunity in one of Edgewater's most established waterfront communities.
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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 |
|---|---|---|---|
| Jul 17, 2025 | Sold | ||
| Sold | |||
| Jul 5, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Listed by TTR Sotheby's International Realty | $649,900 | |
| Listed by TTR Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017