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Map
698 DISCOVERY ROAD
About This Property
Set on 1.26 private acres in Harbor Hills , one of the most sought-after neighborhoods in Davidsonville. This 5-bedroom, 3.5-bath home combines generous living space, outstanding storage and workspace, and a resort-quality amenity package that's genuinely rare at any price point.
Inside, hardwood floors run throughout the main level, two wood-burning fireplaces anchor the living spaces, and the layout flows naturally between formal and informal areas - ideal for families who actually use their whole house.
Outside is where this property truly sets itself apart. A large two-car attached garage is just the beginning. A separate detached garage, workshop, and shed combination adds nearly 1,000 additional square feet of covered space. Whether you're a car enthusiast, a craftsman, a home business owner, or simply someone who needs real storage, this setup is nearly impossible to find in this market at this price. Multiple decks with extensive hardscaping frame the backyard, creating an outdoor living experience that gets used from spring through late fall.
Harbor Hills is exceptional. Residents have access to a community marina with boat slips, a dedicated kayak rack, outdoor swimming pool, pickleball and tennis courts, basketball courts, baseball fields, a boat ramp, community pier, picnic areas, and a recreation center. This is South River access with a private club feel, at a fraction of what waterfront ownership costs.
Easy access to Routes 50, 97, and 214 puts downtown Annapolis 15 minutes away, DC less than an hour. This is a home that grows with you, works for you, and gives you back your weekends.
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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 |
|---|---|---|---|
| Sep 15, 2026 | Sold | ||
| Sold | |||
| Aug 31, 2026 | In contract | - | |
| In contract | |||
| Aug 15, 2026 | Price Decreased |
$1,150,000
↓ $50K
(4.2%) | |
| Price Decreased | |||
| Jun 29, 2026 | Price Decreased |
$1,200,000
↓ $50K
(4%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed by Engel & Volkers Annapolis | $1,250,000 | |
| Listed by Engel & Volkers Annapolis | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017