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48 POPLAR POINT ROAD
About This Property
Positioned along a gentle bend leading to the South River, the property enjoys the best of both worlds-direct access to open water with the protection of calm creek waters, ideal for boating, paddleboarding, swimming, and a relaxed waterfront lifestyle.
A paver driveway introduces a residence thoughtfully designed for both comfort and longevity. Encompassing approximately 6,625 finished square feet, the home offers generous yet comfortable living spaces designed to capture water views from nearly every vantage point. Outdoor living is central to the experience, featuring expansive IPE hardwood decking, multiple balconies, and a heated lap pool, all oriented toward the tranquil waterfront setting.
Inside, radiant heated floors throughout, Brazilian hardwood floors, custom maple doors, and walls of windows frame water views from nearly every room. The great room impresses with a vaulted cedar ceiling, masonry fireplace, wet bar, and French doors opening to the waterfront deck, creating an inviting space for both entertaining and everyday living.
Additional gathering spaces include a main-level living room with stone fireplace and bar area, along with a versatile sunroom filled with natural light. The kitchen offers granite countertops, stainless steel appliances, an island with secondary sink, and seamless access to outdoor dining areas. A main-level bedroom and full bath provide flexibility for guests, while the four-car garage supports an active waterfront lifestyle.
Upstairs, the owner's suite serves as a private retreat, capturing panoramic water views from a private IPE balcony. The spa-inspired bath features radiant heated floors, soaking tub, glass-enclosed stone shower, and two custom walk-in closets. In total, five bedrooms and four full baths occupy the upper level, complemented by a vaulted second-level gathering room with fireplace and deck access.
Offering extraordinary waterfront frontage, rare deep water, and yacht-ready pier facilities, this residence represents a unique opportunity to experience refined living with luxurious comfort along one of the South River's most desirable waterways.
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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%.
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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 |
|---|---|---|---|
| Mar 30, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Listed by Coldwell Banker Realty | $3,650,000 | |
| Listed by Coldwell Banker Realty | |||
| Oct 2, 2025 | Price Decreased |
$3,650,000
↓ $100K
(2.7%) | |
| Price Decreased | |||
| Jul 8, 2025 | Listed | $3,750,000 | |
| Listed | |||
| | |||
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Breathtaking water views and private deep water pier combine for effortless waterfront living. Nestled in the heart of Poplar Point on a serene lot with 350 feet of shoreline, this beautifully updated waterfront home offers panoramic views, exceptional privacy, and a lifestyle designed around comfort, nature, and time on the water. Nearly every room faces the water, with full-width views enjoyed from the expansive deck, pool, and light-filled interior spaces. A wooded path winds through the property to a fire pit overlooking the water, creating a peaceful retreat-like setting. The private deep-water pier features four slips, a 15,000 lb boat lift, a jet ski lift, and space for a 70’ yacht, offering rare flexibility for boating enthusiasts. Inside, the home combines warmth and openness with vaulted ceilings, generous entertaining spaces, and multiple fireplaces. The thoughtful layout offers easy flow for everyday living or hosting guests, with private spaces that include multiple spacious primary suites, guest bedrooms, home office, and much more. Backed by modern systems including a whole-house generator, efficient HVAC, radiant heat, and well/septic with water treatment, the home is move-in ready and built for year-round enjoyment. This is a rare opportunity to own a turn-key waterfront property where the views, setting, and design all work in perfect harmony. A true escape, this property is located in the South River school district and it is the ideal location for quickly accessing the South River or Chesapeake Bay by boat, heading by car to Historic Annapolis or hopping on Rt. 50 to get back to Washington, DC. Escape to this waterfront oasis and celebrate the Annapolitan lifestyle. Welcome Home!
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Property Highlights
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About Annapolis Neck
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017