37
Map
3712 GATESHEAD DRIVE
About This Property
Overlooking the protected "hurricane hole" of Watergate Harbor with direct access to the South River near Thomas Point, 3712 Gateshead Drive offers the ultimate lifestyle with waterviews from every room in the home. Located on a street with homes valued at $4 million to $7 million, you get the waterfront lifestyle at a fraction of the cost.
Key points about the home include new kitchen appliances and fixtures, brand new boat lift, 46 foot private pier, three wood burning fireplaces, expansive main floor and upstairs windows overlooking the harbor, hardwood floors throughout, three large decks, two car garage, tons of storage for your water toys and kayaks, and a finished walkout basement--a rarity in waterfront homes.
Protected from the waves and wind action of the South River, this harbor allows easy docking for up to a 40 foot power boat in all weather. And, due to the home's elevation of 15 feet above sea level, no flood insurance is required.
Plus the community of Watergate offers a community marina, sandy beach, kayak and paddleboard storage, fire pits, pavilion, new playground and basketball courts. This neighborhood is walkable to Thomas Point Park, and just 3 miles from your favorite restaurants and shopping in Eastport and downtown Annapolis.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 15, 2026 | Sold | ||
| Sold | |||
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Price Decreased |
$1,775,000
↓ $125K
(6.6%) | |
| Price Decreased | |||
| Jun 19, 2026 | Price Decreased |
$1,899,900
↓ $49K
(2.5%) | |
| Price Decreased | |||
| May 26, 2026 | Price Decreased |
$1,949,000
↓ $51K
(2.6%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Annapolis Neck
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$6,000 /mo
- 3 Beds
- 2 Baths
- 2,082 ft²
$4,200 /mo
- 4 Beds
- 3 Baths
- 1,928 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017