515 FREYS ROAD
About This Property
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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 |
|---|---|---|---|
| Feb 12, 2026 | Sold | ||
| Sold | |||
| Jan 17, 2026 | In contract | - | |
| In contract | |||
| Jan 7, 2026 | Listed by Keller Williams Realty Centre | $499,777 | |
| Listed by Keller Williams Realty Centre | |||
| Dec 2, 2025 | Listed | $499,777 | |
| Listed | |||
| | |||
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Introducing 515 Freys Road – A Rare Waterfront Masterpiece. Welcome to a truly exceptional residence offering unrivaled panoramic views of the Bush River. 515 Freys Road is a one of a kind opportunity to own a waterfront retreat that seldom comes to market, where timeless serenity meets modern luxury. Every inch of this home has been thoughtfully upgraded, with over $125,000 in premium renovations including a brand new gourmet kitchen, designer bathrooms, luxury flooring, new doors, new roof, fresh paint throughout, and more. This property is 100% move in ready, blending sophisticated finishes with a warm, inviting aesthetic. The main level showcases a stunning chef’s kitchen that flows seamlessly into a spacious dining area and elegant living room, perfect for entertaining. A cozy family room and an enclosed four seasons sunroom invite you to unwind while taking in captivating waterfront vistas. Two bedrooms and two full bathrooms, including a beautifully appointed primary suite with a private ensuite, complete this level. Upstairs you’ll find two additional generously sized bedrooms, offering comfort and flexibility for guests or family. The expansive lower level provides endless possibilities whether used as a recreation area, home gym, or abundant storage space. Step outside to experience 50 feet of private waterfront on Otter Creek/Bush River, featuring a 95 foot private pier, perfect for boating, fishing, or simply enjoying the peaceful rhythm of the water. The property also includes a Black Bear storage shed, one car shed, and a convenient two car parking pad. Ideally located just minutes from the Edgewood MARC Train Station, Aberdeen Proving Ground, and within walking distance to Flying Point Marina and Restaurant, this home offers both tranquility and accessibility. 515 Freys Road is more than a home, it’s a lifestyle. A rare offering for those who value elegance, privacy, and breathtaking natural beauty every day of the year. Schedule your private tour today and experience the magic of life on the water.
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| Nov 18, 2025 | Price Decreased |
$499,900
↓ $15K
(2.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017