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34105 WATTS BAY DRIVE
About This Property
A welcoming wraparound porch sets the tone as you arrive, inviting you to relax and enjoy the peaceful surroundings. Inside, you'll discover a thoughtfully designed floor plan built for both everyday living and entertaining, featuring quality craftsmanship and impressive spaces throughout. The stunning chef's kitchen is truly what dreams are made of, featuring custom cabinetry, granite countertops, and abundant workspace. Beautiful maple flooring, custom finishes, and granite surfaces throughout reflect the exceptional quality of construction.
The spacious first-floor primary suite serves as a private retreat, complete with a large walk-in closet and generous ensuite bath. Upstairs, two oversized bedrooms, each with access to a full bathroom, provide comfortable accommodations for family and guests. The true showstopper is the incredible second-floor media and recreation room, offering nearly 1,300 square feet of flexible living space ideal for entertaining, gaming, a home theater, fitness area, home office, or multi-generational living.
Built with exceptional construction standards and situated approximately 33 feet above sea level, this home offers peace of mind along with luxury amenities including a geothermal heating and cooling system, Rinnai tankless water heater, whole-home water filtration system, and full fiber optic broadband service. The unfinished basement provides over 1,000 square feet of additional storage or future expansion potential.
Car enthusiasts, hobbyists, and business owners alike will appreciate the oversized heated three-car garage with approximately 1,200 square feet of space, soaring ceilings, and extensive room for vehicles, equipment, workshops, or recreational storage. Multiple storage areas throughout the home, including extensive walk-in attic space, ensure there's a place for everything.
Outside, enjoy expansive lawns, mature landscaping, a fire pit gathering area, fenced animal enclosure and coop, storage shed, and exceptional privacy provided by surrounding woods and open spaces. Conveniently located just minutes from Chincoteague Island, Assateague National Seashore, and NASA Wallops Flight Facility, this extraordinary property offers a rare opportunity to enjoy luxury country living with modern conveniences on Virginia's Eastern Shore. Properties offering this level of quality, space, privacy, and versatility are truly a rare find.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017