$1,300,000
●
House -
Off Market
578 PINEWOOD DR
ANNAPOLIS, MD 21401
5 Beds
5 Baths,
2
Half Baths
2,116 Ft²
$7,025
Est. Monthly
$150
HOA / Fees
2.95%
Cap Rate
About This Property
Available to show for Back up contract! Nestled on an extremely
private 1.5 acre wooded lot with beautiful views of Broad Creek
this raised rancher is waiting for you to make it your own!
The property has 179 ft of property along the waterfront,
tiered stairs lead down to the pier with 3 slips and 25' boat lift
with plenty of space to relax and enjoy the waterfront.
The home next door just sold for 3.1 million in May! (Tax
records are incorrect). Fully independent separately zoned
au pair suite can be utilized or combined for nearly 4000 sq ft of
livable space. Detached studio over 2 car garage plus an additional
separate garage for ample storage and parking. You could
renovate and expand the current home or build the house of their
dreams. Sellers installed 2 dry wells for extra capacity for
future expansion. -Don't miss out on the opportunity to make this
Annapolis Waterfront your own! Quick and easy access to
commuting to DC, Baltimore and minutes to Downtown Annapolis!
Unit Size
2,116 Ft²
Days on Market
-
Land Size
0.97 acres
Price per sqft
$662
Property Type
House
Property Taxes
$895
HOA Dues
$150
Year Built
1968
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Bright MLS #MDAA2069262)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 8, 2024 | Sold | ||
| Sold | |||
| Dec 14, 2023 | In contract | - | |
| In contract | |||
| Oct 15, 2023 | No longer available | - | |
| No longer available | |||
| Sep 14, 2023 | Listed by Coldwell Banker Realty | $1,400,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 29, 2017 | Listed | $1,285,000 | |
| Listed | |||
| | |||
|
WATERFRONT NEW CONSTRUCTION ON 1.5 Acres..GORGEOUS VIEWS! Choose from many plans to suit your Lifestyle. NOTE**Listing Agent Must Accompany..Do Not Walk the lot without listing agent and confirmed appointment**
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
Price/ft²
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HOA + Taxes
About Parole
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Listed by: Elizabeth Osborn
Coldwell Banker Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# MDAA2069262
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Coldwell Banker Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# MDAA2069262
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