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528 GRAYS CREEK ROAD
About This Property
Discover the ultimate waterfront lifestyle in this stunning single-level home perfectly situated on
protected Grays Creek with quick, easy access to the Chesapeake Bay. With an extra-wide 103
feet of water frontage and 6 feet MLW, this property is a boater's dream come true.
The multi-slip pier - featuring new decking (2026), 50-amp power, a 10,000 lb. Magnum boat
lift, and a floating dock ideal for kayaks and SUPs - offers everything you need to embrace life
on the water. The property's location outside FEMA flood zones saves you worry and insurance
costs.
Step inside and enjoy an open-concept kitchen, dining, and living area bathed in natural light
from windows and sliding doors spanning the entire water-facing side of the home. The gourmet
kitchen is a chef's delight, boasting granite countertops, a 6-burner gas range, Sub-Zero
refrigerator, large pantry with pull-out sliders, and an expansive island with a second sink.
Hardwood floors flow throughout the main level, complemented by a screened porch and a fully
rebuilt deck (2024) - perfect for entertaining or simply soaking in the views.
The spacious primary suite is a true retreat, offering panoramic water views, a cozy fireplace,
walk-in closet, and a beautifully updated bathroom with heated floors. Two additional bedrooms
and an updated guest bath with heated floor complete the main level, along with a convenient
laundry area and plentiful storage throughout.
The finished lower level provides generous flexible space for hobbies, a home gym, or storage.
Practical upgrades abound: a new heat pump (Dec 2025), a two-car attached garage with an EV
charger, unfinished attic storage above the garage, and a wired shed on a concrete slab.
Tucked on a quiet, no-outlet road, this exceptional home offers rare privacy, top-tier amenities,
and an unbeatable location for those who love the water.
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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 |
|---|---|---|---|
| Jun 26, 2026 | Sold | ||
| Sold | |||
| May 31, 2026 | In contract | - | |
| In contract | |||
| May 25, 2026 | Listed by Sell Your Home Services | $1,175,000 | |
| Listed by Sell Your Home Services | |||
| Mar 3, 2015 | Sold | ||
| Sold | |||
| Jul 4, 2014 | Listed by Sell Your Home Services | $739,000 | |
| Listed by Sell Your Home Services | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017