5064 LERCH DR
About This Property
As you step inside, you'll be captivated by the natural light, walls of windows, and open-concept, seamlessly blending the living areas and stunning water views and bringing the outside in. The spacious kitchen is a chef's delight, featuring quartz countertops, stainless steel appliances, a breakfast bar/island with pendant lighting, tile backsplash, and elegant hardwood flooring. Three bedrooms on the main level provide versatility-the largest of which could serve as a main level primary, a recreation room or a dedicated office. The main level also includes a laundry room and full bath with walk-in shower, offering all you need for convenient main-level living.
The entire upper level is dedicated to the expansive primary suite, that serves as a private sanctuary, with cathedral ceilings, wall-spanning closets, sitting area, new carpet, and a stunning private enclosed glass sunroom, that captures the breeze off the water!, All this plus an updated en suite bath complete with a walk-in shower, deep soaking jetted tub, dual vanities, and a skylight! Step into the enclosed sunroom and soak in the breezes, panoramic water views-a peaceful space to enjoy your morning coffee and the sunrise, or unwind over a glass of wine & soak in the sunsets!
Outside, your waterfront playground beckons you to endless opportunities for relaxation, fun and entertainment. The lighted covered dock/boat house offers electric service, two (2) boat lifts, a private slip, jet ski/kayak launch, and fish cleaning station. Whether you're crabbing, kayaking, boating or simply enjoying the waterfront breezes, this property delivers the ultimate Chesapeake Bay lifestyle! There are two separate deeded lots, totaling .38-acres (deed reflects ownership of lot 1 & 2), a circular driveway, and expansive attached "drive-through" garage with double-sided doors, ample space for working, parking, storage, & convenient water access. Roof new in 2014 & new 6" gutter guards. The crawl space was encapsulated in 2020, to include blown-in insulation installed in pull-down attic -- totaling $12k.
Avalon Shores, a charming waterfront community on the West River, boasts a private beach, neighborhood dock, pier, boat launch & 2 playgrounds. The Chesapeake Yacht Club is only a mile walk/drive or a short boat / jet ski ride. The River leads to the brilliant Chesapeake Bay-- the largest estuary in the world. Explore other local rivers, coves & tributaries to the Bay -- (Rhode River, Severn River, South River, to name a few!). Quiet streets, lots of neighbors in golf carts, walking dogs and biking ! Walkable distance to a local super market, family diner and the lovely Chesapeake Yacht Club! It's a short drive to our local amazing soft-serve ice cream shop! 20-minute drive to Annapolis and only 45 minutes to downtown DC! You'll have a front row seat to the most beautiful sunsets over the water. Whether you're looking for a full-time residence or a weekend retreat, this stunning home is an exceptional opportunity to own a piece of Maryland's waterfront paradise. And be sure you don't miss the drone video tour! Avalon Shores is a special community benefit district (SCBD) -- no HOA; rather it's a civic association providing parks and water access.
✨ Don't miss out on this rare gem-schedule your private tour today! ✨
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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 |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Mar 2, 2025 | In contract | - | |
| In contract | |||
| Feb 26, 2025 | Listed by Samson Properties | $950,000 | |
| Listed by Samson Properties | |||
| Aug 29, 2014 | Sold | ||
| Sold | |||
| May 20, 2014 | Listed by Mattingly Real Estate, LLC | $595,000 | |
| Listed by Mattingly Real Estate, LLC | |||
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Waterfront! Fish from your own 79' pier w/water, phone line, electric boat lifts (one covered) & a slip for larger boat. After a day on the water, escape to your private second floor oversized master bedroom suite w/view of water, covered deck, sitting area & cathedral ceiling. Master bath w/oversized tub & separate shower. Pull-thru multi-car garage w/area for workshop. Front circular driveway.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017