5120 EASTERN NECK ROAD
About This Property
This lot features an existing public water and sewer allocation already in place, offering added convenience as you plan your future build. This rare advantage saves both time and upfront costs, allowing you to focus on designing the home you've always imagined. Whether you envision a coastal retreat, full-time residence, or a weekend escape, this homesite is ready to accommodate your dreams.
Enjoy the best of Eastern Shore living with easy access to marinas, waterfront dining, boutique shops, and local parks, all just minutes away. Spend your days boating, fishing, or simply soaking in the laid-back charm that makes Rock Hall such a sought-after destination.
The property is located within a Critical Area and Flood Zone, so buyers are encouraged to consult with Kent County Government regarding specific building guidelines and requirements-ensuring your plans align seamlessly with local regulations.
Opportunities like this-with utilities already in place, a prime location, and endless potential-don't come along often. Bring your builder, your vision, and start creating your perfect Eastern Shore escape today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 17, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $55,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Aug 26, 2022 | Sold | ||
| Sold | |||
| Jul 24, 2022 | No longer available | - | |
| No longer available | |||
| May 5, 2022 | Price Decreased |
$26,500
↓ $2K
(7%) | |
| Price Decreased | |||
| Apr 20, 2022 | Price Decreased |
$28,500
↓ $4K
(10.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017