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3718 RAMSGATE DRIVE
About This Property
Step outside to your private 41' pier - with 2 slips, one with an 15,000lb boat lift and floating dock - and enjoy manicured lawns that sweep gently to the water's edge. Whether you're launching a boat at sunrise or hosting summer gatherings on the grass, the outdoor experience here is simply unmatched.
Inside, over 3,400 finished square feet above grade offers a warm, gracious floor plan designed for both everyday living and effortless entertaining. The heart of the home is a spacious, updated kitchen and family room with high ceilings, and French doors that open directly to the waterside decks. The formal dining and living rooms add classic elegance, while the show-stopping sun room - lined with walls of windows overlooking the harbor and South River - is a space unlike any other, anchored by a pass-through fireplace shared with the living room.
Upstairs, three bedrooms and two full baths await. The primary suite is a true retreat, featuring vaulted ceilings, a spa-inspired bath, a walk-in closet, and a private balcony perfectly positioned to catch the South River's legendary sunsets. A convenient upper-level laundry room rounds out the second floor.
The lower level offers an abundance of unfinished storage space plus a full bath with shower - ideal for rinsing off after a day on the water. An oversized two-car side-load garage completes the picture.
The exterior of house was professionally painted within the last year; and the waterside deck is also new. Lovely landscaping complements the home.
Beyond your own backyard, the Watergate community enriches daily life with a marina, pavilion, small beach, tot lot, basketball court, and a full calendar of neighborhood social events throughout the year.
NO CONTINGENT CONTRACTS PLEASE
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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.
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.
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About Annapolis Neck
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017