51
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5190 PINE TREE WAY
About This Property
Step inside to bright, open living spaces highlighted by soaring vaulted ceilings and abundant natural light. The spacious great room flows seamlessly into the updated kitchen featuring granite countertops, stainless steel appliances, a farmhouse sink, subway tile backsplash, and a large peninsula with bar seating. The adjoining dining area provides a welcoming space for everyday meals and entertaining.
The functional floor plan features a private primary suite and two additional bedrooms served by a second full bath. Vaulted ceilings enhance the home's open, airy feel, while thoughtful updates throughout create a cohesive, comfortable interior that's truly ready to enjoy.
Outdoor living is just as inviting, with multiple composite decks, a patio, and an enclosed outdoor shower that's perfect for rinsing off after a day at the beach, boating, or fishing. A storage shed provides convenient space for bicycles, fishing gear, beach chairs, and other outdoor essentials.
Sold furnished and turnkey, this beautifully updated home delivers the feel of a practically new home in an established Chincoteague location-simply arrive, unpack, and start enjoying island life. Ideal as a primary residence, vacation retreat, or investment property, it's conveniently located just minutes from Chincoteague's beaches, marinas, restaurants, shops, and the Chincoteague National Wildlife Refuge.
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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 |
|---|---|---|---|
| Oct 12, 2026 | Price Decreased |
$515,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Aug 6, 2026 | Listed by Long & Foster Real Estate, Inc. | $525,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Sep 4, 2018 | Sold | ||
| Sold | |||
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
| Jul 15, 2018 | Listed by Long & Foster Real Estate, Inc. | $248,500 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017