3725 RAMSEY DRIVE
About This Property
Surrounded by water, Turkey Point offers multiple community beach access points, a community pier, and Cloud Field, a large community play and recreation area. Boating, fishing, crabbing, kayaking, paddleboarding, and days along the shoreline are all part of what makes this peninsula such a special place.
This lot is being offered for sale with the adjacent lot at 3727 Ramsey Drive, providing the opportunity to own two neighboring parcels and create a larger footprint.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2026 | In contract | - | |
| In contract | |||
| Aug 21, 2026 | Listed by TTR Sotheby's International Realty | $225,000 | |
| Listed by TTR Sotheby's International Realty | |||
| Mar 28, 2026 | In contract | - | |
| In contract | |||
| Jan 8, 2026 | Listed by AB & Co Realtors, Inc. | $299,000 | |
| Listed by AB & Co Realtors, Inc. | |||
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Exceptional Properties. Exceptional Clients. Build your dream home on this beautiful vacant lot located on the private island of Turkey Point in Edgewater. Enjoy stunning water views overlooking the Chesapeake Bay, South River, and Ramsey Bay, offering a serene coastal setting with picturesque surroundings. The lot measures 50 x 125, providing ample space to construct a charming single-family residence. An exceptional opportunity exists to expand your footprint, as the adjacent Lot #16 (3727) is also available for sale. The owners are open to selling both parcels together, effectively doubling the property size. The property utilizes public septic and well water, and no perc test is required. Whether you’re looking to build now or invest for the future, this lot offers flexibility, location, and remarkable views in a sought-after waterfront community. Book your private showing today!
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| Dec 1, 2021 | Sold | ||
| Sold | |||
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About Mayo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017