46 WHITE SAIL CIRCLE
About This Property
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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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| May 29, 2025 | In contract | - | |
| In contract | |||
| May 1, 2025 | Price Decreased |
$469,900
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Apr 11, 2025 | Listed by Long & Foster Real Estate, Inc. | $475,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| | |||
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Welcome to 46 White Sail Circle in Ocean Pines! This well-maintained 4-bedroom, 2-bathroom home is set in a peaceful location and offers beautiful views of the St. Martins Neck River from both levels.Step outside to enjoy brand new decks on the upper and lower levels, perfect for relaxing or entertaining while taking in the peaceful water views. Inside, the home features a functional layout with generous living space and room to make it your own. A private elevator provides convenient access between floors, making this home accessible for all. Whether you're looking for a primary residence, second home, or investment opportunity, this property has great potential. Located in a quiet, sought-after section of Ocean Pines with easy access to community amenities including the Yacht Club, pools, golf course, marina, and more—all just a short drive from Ocean City’s beaches.
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| Oct 21, 2022 | Sold | ||
| Sold | |||
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About Ocean Pines
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017