3830 NEW SECTION ROAD
About This Property
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Welcome to an exceptional waterfront retreat in Bowleys Quarters, where luxury living meets the tranquility of the Chesapeake Bay. This stunning home has been completely rebuilt from the ground up, featuring a new foundation, all new systems, and thoughtfully designed living spaces throughout.
Set along the water with a private pier equipped with two electric boat lifts, this property is a dream for boaters and outdoor enthusiasts. Multiple expansive decks, custom hardscaping, and beautifully designed entertaining areas create the perfect backdrop for hosting gatherings or enjoying peaceful sunsets by the water.
Inside, the home offers a seamless blend of modern design and comfort, highlighted by a first-floor primary suite for effortless living. Every detail has been carefully curated to maximize water views, functionality, and style.
Whether you're entertaining guests, relaxing dockside, or heading out for a day on the water, this one-of-a-kind property delivers the ultimate lifestyle.
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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 |
|---|---|---|---|
| Apr 15, 2026 | Sold | ||
| Sold | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Jan 27, 2026 | Price Decreased |
$825,000
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Dec 26, 2025 | Listed by Monument Sotheby's International Realty | $850,000 | |
| Listed by Monument Sotheby's International Realty | |||
| Nov 29, 1995 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017