$510,000
●
House -
Off Market
4906 LEE BOULEVARD
SHADY SIDE, MD 20764
4 Beds
2 Baths,
1
Half Bath
1,756 Ft²
$2,917
Est. Monthly
6.55%
Cap Rate
About This Property
**Move-in ready home in the private, water-privileged Westelee
community of Avalon Shores
**Access to beach, boat ramp, boat slips with electric, kayak rack, new waterfront playground and gazebo **Owner Suite on main level with walk in closet and private bath **Open cathedral ceilings in family room with cozy gas Fireplace and 8' double windows for abundant natural light **Hardwood floors throughout main level **Newly rebuilt deck (2025) **Updated kitchen with granite countertops, glass cabinetry, SS appliances, and propane gas stove/cooktop ** Reverse Osmosis under kitchen sink **4th bedroom/Den upstairs does not have window makes great gaming room **Carrier 3-ton HVAC (2016) ** Hot water heater (2023) **Water softener with chlorine injection (2025) **Mud room with Samsung washer/dryer (2024) **3 TV's convey **Large driveway for boat/RV parking and **12x8 shed for gear storage **Oversized 2 car garage! **Large spacious yard backs to open lot. NEW Architectural ROOF to be INSTALLED PRIOR to CLOSING!!
**Access to beach, boat ramp, boat slips with electric, kayak rack, new waterfront playground and gazebo **Owner Suite on main level with walk in closet and private bath **Open cathedral ceilings in family room with cozy gas Fireplace and 8' double windows for abundant natural light **Hardwood floors throughout main level **Newly rebuilt deck (2025) **Updated kitchen with granite countertops, glass cabinetry, SS appliances, and propane gas stove/cooktop ** Reverse Osmosis under kitchen sink **4th bedroom/Den upstairs does not have window makes great gaming room **Carrier 3-ton HVAC (2016) ** Hot water heater (2023) **Water softener with chlorine injection (2025) **Mud room with Samsung washer/dryer (2024) **3 TV's convey **Large driveway for boat/RV parking and **12x8 shed for gear storage **Oversized 2 car garage! **Large spacious yard backs to open lot. NEW Architectural ROOF to be INSTALLED PRIOR to CLOSING!!
Unit Size
1,756 Ft²
Days on Market
81 days
Land Size
0.34 acres
Price per sqft
$293
Property Type
House
Property Taxes
$388
HOA Dues
-
Year Built
2005
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 7 months ago (Bright MLS #MDAA2104722)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2025 | Sold | ||
| Sold | |||
| Jul 13, 2025 | In contract | - | |
| In contract | |||
| Mar 23, 2025 | In contract | - | |
| In contract | |||
| Mar 8, 2025 | Listed | $515,000 | |
| Listed | |||
| | |||
|
**Move-in ready home in the private, water-privileged Westelee community of Avalon Shores
**Access to beach, boat ramp, boat slips with electric, kayak rack, new waterfront playground and gazebo **Owner Suite on main level with walk in closet and private bath **Open cathedral ceilings in family room with cozy gas Fireplace and 8' double windows for abundant natural light **Hardwood floors throughout main level **Newly rebuilt deck (2025) **Updated kitchen with granite countertops, glass cabinetry, SS appliances, and propane gas stove/cooktop ** Reverse Osmosis under kitchen sink **4th bedroom/Den upstairs does not have window makes great gaming room **Carrier 3-ton HVAC (2016) ** Hot water heater (2023) **Water softener with chlorine injection **Mud room with Samsung washer/dryer (2024) **3 TV's convey **Large driveway for boat/RV parking and **12x8 shed for gear storage **Oversized 2 car garage! **Large spacious yard backs to open lot. Efficient Solar Energy!
| |||
| Oct 9, 2021 | No longer available | - | |
| No longer available | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Shady Side
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Listed by: Sandra K Wing
RE/MAX Leading Edge
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# MDAA2104722
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
RE/MAX Leading Edge
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# MDAA2104722
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