48 MURRAY AVENUE
About This Property
Superior Systems include Klipsch built-in speakers and a comprehensive hard-wired security system and Dual-zoned High-Efficiency Carrier HVAC with Ecobee smart thermostats and a high-efficiency heat pump water heater. A rare marriage of historic soul and modern sophistication, this residence offers a turnkey lifestyle in the heart of one of Annapolis' most sought-after neighborhoods, steps from Historic Downtown Annapolis, the waterfront, shops and restaurants.
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 28, 2026 | Sold | ||
| Sold | |||
| Jun 2, 2026 | In contract | - | |
| In contract | |||
| May 28, 2026 | Listed by Compass | $1,649,900 | |
| Listed by Compass | |||
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Modern Luxury Meets Murray Hill Charm | Experience the refined standard of Annapolis living in this masterfully reimagined Murray Hill residence. This home is a rare achievement in design—a down-to-the-studs transformation that honors its historic charm while introducing a graceful, curated, modern aesthetic. Cross the threshold onto original Heart Pine hardwood floors, glowing with a warmth that only century-old wood can provide. The home is anchored by a custom-tiled fireplace, offering a functional and sophisticated centerpiece for the home. Framed by expansive Jeld-Wen windows, the interior is bathed in natural light, while 9-foot ceilings and recessed LED lighting create an atmosphere that is both grand and intimate.The kitchen is a masterclass in functional elegance, designed for the serious host, including lustrous Quartz countertops paired with brushed brass accents and a gloss-tile backsplash and a high-performance KitchenAid suite, featuring an induction range and a seamless microwave drawer for a clean, tailored look. A generous island with seating for three and a custom-built pantry to keep your culinary workspace effortless. Upstairs, the primary suite offers a spa-inspired escape with a frameless glass shower, a deep soaking tub, and a double vanity topped with Quartz. Organization is effortless with the integrated Elfa Closet System. Throughout the home, secondary bedrooms feature custom built-ins, ensuring every inch is as functional as it is beautiful. The lower level offers a versatility rarely found in the neighborhood. Featuring a family room with a wet bar and wine fridge, this space serves as a perfect guest en suite or a private media lounge with its own backyard entrance. Outside, the private rear yard leads to Morris Street with street parking available.
Superior Systems include Klipsch built-in speakers and a comprehensive hard-wired security system and Dual-zoned High-Efficiency Carrier HVAC with Ecobee smart thermostats and a high-efficiency heat pump water heater. A rare marriage of historic soul and modern sophistication, this residence offers a turnkey lifestyle in the heart of one of Annapolis’ most sought-after neighborhoods, steps from Historic Downtown Annapolis, the waterfront, shops and restaurants. Potential Parking Space (please inquire for additional details)
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| Apr 21, 2026 | Listed by Compass | $1,695,000 | |
| Listed by Compass | |||
| Oct 23, 2025 | Listed | $1,595,000 | |
| Listed | |||
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Thoughtfully updated home, preserving the character and charm of Murray Hill while offering the comfort, efficiency, and style of new construction. | 4 Bed | 3.5 Bath | 2,580 Sf | 3,340 Sf Lot | Large Backyard | 1 Parking Space | Home: Full Gut Renovation, Open Main Living Layout, Custom Tiled Wood Burning Fireplace w/ Mantle, Large Jeld-Wen Windows w/ Lots of Natural Light Throughout, Recessed LED Lighting Throughout, 9 Ft Ceilings, Hard Wired Security System, Klipsch Built-In Speaker System, Dual Zoned High Efficiency Carrier HVAC w/ Ecobee Smart Thermostat, High Efficiency Heat Pump Water Heater, Closets w/ Custom Built-Ins, Elfa Closet System in Primary Suite, Original Heart Pine Hardwood Flooring Throughout First Floor, Laundry Closet w/ Custom Built-Ins & LG Full Size Washer & Dryer, Powder Bath on Main level, Bluestone Entrance Sidewalk & Steps, Rear Property Access from Morris Street | Kitchen: Large Island w/ Storage & Seating for 3, Ample Cabinetry w/ Soft-Close Hardware, Built-In Custom Pantry, Gloss Tile Backsplash, Quartz Countertops, Brushed Brass Finishes, Kitchen Aid Stainless Steel Appliances, French Door Refrigerator, Induction Range w/ Zephyr Exhaust Hood, Full-Size Dishwasher, Built-In Microwave Drawer | Baths: Frameless Glass Enclosed Shower w/ Separate Handheld Shower Head, Built-In Niche, Separate Soaking Tub & Large Double Vanity in Primary Suite, Quartz Topped Vanities w/ Storage, Tiled Shower Walls & Flooring | Basement: Rear Yard Access, Private Backyard Entrance, Family Room w/ Wet Bar, Wine Fridge, & Floating Shelves, Additional Bedroom & En Suite Bathroom w/ Glass Enclosed Shower | Neighborhood: Murray Hill is one of Annapolis’ most sought-after neighborhoods, known for its tree-lined streets, classic architecture, and easy walkability to downtown. With Spa Creek on one side and City Dock just a short stroll away, residents enjoy a perfect blend of historic charm and a waterfront lifestyle.
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017