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3685 1ST AVENUE
About This Property
The private "waters side" primary suite accessed by its own staircase boasts a balcony with views for miles, walk-in closet and a luxurious en-suite bathroom with a jetted tub and walk-in shower. 2 additional bedrooms and a half bath are accessed by separate stairs. A paver driveway fits 3 cars and the detached 2-car garage with additional storage area and large storage area above completes the property.
Step outside to your 200-foot private dock with 8' of deep water, complete with a 20,000 lb boat lift, offering direct access to the South River and the Chesapeake Bay. Whether you're boating, kayaking, or paddleboarding, the water is right at your doorstep.
Beyond the home's exceptional features, the Selby on the Bay community enhances the waterfront living experience.Residents enjoy access to a private beach, playground, basketball court, and a clubhouse that hosts a variety of events and activities throughout the year. The community's strong sense of camaraderie is evident in organized events like pickleball games and exercise classes. Beverly Triton Nature Park is perfect for hiking along the Chesapeake Bay. The location also provides convenient access to local shopping centers, restaurants, Washington DC, and Annapolis.
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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%.
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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.
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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 |
|---|---|---|---|
| Jun 23, 2026 | Sold | ||
| Sold | |||
| May 22, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Listed by Washington Fine Properties, LLC | $949,500 | |
| Listed by Washington Fine Properties, LLC | |||
| Jun 4, 2025 | Listed | $995,000 | |
| Listed | |||
| | |||
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Nestled along the tranquil shores of Selby Bay, 3685 1st Avenue in Edgewater, Maryland, offers an unparalleled waterfront lifestyle. This charming 4-bedroom, 2.5-bathroom Cape Cod-style home spans approximately 3,200 square feet. The open-concept living area overlooking the waterfront and rear yard features a spacious kitchen with pellet fireplace, dining area, and a generous living—perfect for enjoying morning sunrises over the water. The main level is completed by the 2nd bedroom, 2-bathroom, laundry room, office area, utility closet, and ample storage.
The private “waters side” primary suite accessed by its own staircase boasts a balcony with views for miles, walk-in closet and a luxurious en-suite bathroom with a jetted tub and walk-in shower. 2 additional bedrooms and a half bath are accessed by separate stairs. A paver driveway fits 3 cars and the detached 2-car garage with additional storage area and large storage area above completes the property.
Step outside to your 200-foot private dock with 8' of deep water, complete with a 20,000 lb boat lift, offering direct access to the South River and the Chesapeake Bay. Whether you're boating, kayaking, or paddleboarding, the water is right at your doorstep.
Beyond the home's exceptional features, the Selby on the Bay community enhances the waterfront living experience.Residents enjoy access to a private beach, playground, basketball court, and a clubhouse that hosts a variety of events and activities throughout the year. The community's strong sense of camaraderie is evident in organized events like pickleball games and exercise classes. Beverly Triton Nature Park is perfect for hiking along the Chesapeake Bay. The location also provides convenient access to local shopping centers, restaurants, Washington DC, and Annapolis.
| |||
| Jan 5, 2025 | Price Decreased |
$2,120,000
↓ $175K
(7.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017