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547 BEECH DRIVE
About This Property
This beautifully updated and renovated brick home offers approximately 3100 square feet, 5 bedrooms, and 3 full baths, ideally located just four homes from the entrance to Drum Point Beach.
The versatile floor plan features two bedrooms and two full baths on the main level. The spacious primary suite includes a large walk-in closet and private en-suite bath with a large walk-in shower finished in floor-to-ceiling tile. The second main-level bedroom is conveniently located adjacent to another full bath. Upstairs, three additional bedrooms share a full bath, providing plenty of space for family, guests, a home office, or other flexible uses.
The updated kitchen features granite countertops, stainless steel appliances, and white Shaker-style cabinetry. Luxury vinyl plank flooring extends throughout most of the home, creating a cohesive, updated look with easy-care durability. Multiple gathering spaces and thoughtful renovations blend modern comfort with the character and quality of this established all-brick home.
Outdoor living is another highlight, with mature trees and landscaping, a large covered rear porch, and an inviting courtyard-style outdoor living area.
A distinctive enclosed courtyard entrance featuring custom wood entry doors, masonry walls and decorative wrought-iron gates and architectural panels.
Located just off the courtyard is an approximately 20' × 20' detached finished outbuilding with drywall, abundant light, and additional storage. This versatile space offers plenty of possibilities for a home office, studio, hobby room, workshop, recreation space, or other uses. A newer roof and two newer HVAC systems provide additional peace of mind.
Just a short walk away is Drum Point Beach, where the Chesapeake Bay meets the Patuxent River. Spend your days walking the shoreline searching for fossils, fishing, crabbing, swimming, kayaking or canoeing-or simply enjoying the tranquility of a sunrise or sunset over the water.
An additional adjacent lot with an updated perc is also available for separate purchase. The lot backs to the Drum Point Project easement and Drum Point Lake, offering many possibilities and a unique opportunity for additional land. The purchaser of 547 Beech Drive will be given a right of first refusal on the adjacent lot.
Nearby Drum Point Lake is tidal and offers an abundance of crabs and fish in season when the inlet is flowing. Membership to the Drum Point Club is available, offering a clubhouse with meeting rooms and rentals for special events, along with a fishing and crabbing pier, fire pit, and social and community events.
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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%.
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Price Decreased |
$525,000
↓ $24K
(4.4%) | |
| Price Decreased | |||
| Sep 15, 2026 | Price Decreased |
$549,000
↓ $20K
(3.5%) | |
| Price Decreased | |||
| Sep 5, 2026 | Price Decreased |
$569,000
↓ $20K
(3.4%) | |
| Price Decreased | |||
| Aug 20, 2026 | Price Decreased |
$589,000
↓ $11K
(1.8%) | |
| Price Decreased | |||
| Aug 1, 2026 | Listed by Cottage Street Realty LLC | $599,900 | |
| Listed by Cottage Street Realty LLC | |||
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About Drum Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017