411 RIDGELY AVENUE
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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 |
|---|---|---|---|
| Aug 18, 2026 | Sold | ||
| Sold | |||
| Jun 21, 2026 | In contract | - | |
| In contract | |||
| May 8, 2026 | Price Decreased |
$3,595,000
↓ $355K
(9%) | |
| Price Decreased | |||
| Oct 13, 2025 | Listed by TTR Sotheby's International Realty | $3,950,000 | |
| Listed by TTR Sotheby's International Realty | |||
| Jun 12, 2024 | Listed | $3,950,000 | |
| Listed | |||
| | |||
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Coveted West Annapolis Waterfront property with deep water floating dock! Experience elegance and grace in this stunning 4 story home that is sure to captivate. The contemporary architecture and voluminous spaces mixed with traditional finishes and floor plan creates a wonderful combination. Upon entry, the soaring foyer is awe-inspiring and the elegant living room, with built-in bar, sets the tone. With 3 custom bars and multiple gathering areas, this home is perfect for entertaining. The gourmet kitchen is a chef's dream, featuring a large island, top-of-the-line finishes and breakfast nook, which flows seamlessly into the spacious dining room with walls of windows overlooking Weems Creek. With 2 window seat nooks, wet bar, cozy fireplace, and cleverly disguised TV above, this room is equally valued at a lovely Family room. The adjacent library/den boasts mahogany built-ins and flooring, gas fireplace and views; a perfect place to curl up with a book. This home offers three ensuite bedrooms for ultimate comfort and privacy. The master bedroom is a sanctuary with a vaulted ceiling, custom built-ins, enormous walk in closet for 2 and the best views in the house. Wake up every morning and enjoy the activity on the sparkling waters of the creek and the Severn River. The spacious guest room suite with glass breezeway from the main house boasts an elevator directly into the room, creating a truly private oasis for guests and family. This floor also includes an additional bedroom or theater room with adjacent hall bath; providing flexible living options. The fourth floor features a unique bird's nest with elevator access and a wrap-around deck offering panoramic views of Weems Creek and the Severn River. With three elevators throughout the house, accessibility to all four levels is effortless. The exquisite sunroom with folding glass doors epitomizes indoor/outdoor living. Simply open 2 sides of the room to the outdoors and let the party flow onto the sprawling rear deck. The wrap-around IPE deck and multiple level seating areas are ideal for taking in the incredible views from every vista. The lush landscaping and stone stairs lead to the water's edge and the private pier with deep-water floating dock with multiple slips can accommodate a 50ft yacht. Be sure to not miss the stone patio on the way down; ideal for relaxing as the sun sets. This property truly captures the essence of waterfront living by blending luxury and comfort in an unparalleled setting. Welcome Home!
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Property Highlights
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Price/ft²
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About Annapolis
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$5,000 /mo
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$3,000 /mo
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- 1 Bath
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017