7108 RIVER DRIVE ROAD
About This Property
3,800 Sq Ft Total | 3,300 Finished Sq Ft | Unobstructed Water Views
This exceptional, newly built waterfront home offers 3,300 finished square feet of luxurious living, thoughtfully designed to capture breathtaking, unobstructed water views from nearly every room.
The lower level boasts soaring 10-foot ceilings, two sets of double sliders along the rear of the home, and a two-car garage pre-wired for an electric vehicle charger, along with generous storage space.
The main level features 9-foot ceilings, LED recessed lighting, and durable luxury vinyl plank flooring throughout. The heart of the home is the gourmet kitchen, outfitted with a 36-inch professional stainless steel gas range, custom range hood, 4x6 granite top island, stainless steel appliances , butler's pantry, wine fridge, and bar area-perfect for hosting and entertaining. A separate office (or optional 4th bedroom) study with stylish barn doors and half bath add to this floor plan's flexibility. The open-concept living area is anchored by a gas fireplace with a coffered ceiling and flows seamlessly through oversized 8'x8' sliding doors onto a waterfront deck.
Upstairs, the primary suite offers panoramic water views through a stunning 4'x6' picture window, accented by a tray ceiling, his-and-hers walk-in closets, and a spa-like en suite bath with dual vanities, frameless glass tile shower, and a freestanding soaking tub.
Two additional spacious bedrooms, a designer-tiled guest bathroom, and a full laundry room complete the upper level.
This home was built with efficiency and longevity in mind, featuring:
• Dual-zone ENERGY STAR heating and cooling
• Backup gas heat
• Tankless hot water heater
• Above-code R-rated insulation
• ENERGY STAR windows
• EV charging-ready garage
Enjoy a newly constructed 60-foot private pier extending from a durable 10'x50' concrete bulkhead, along with a new 8'x16' party pavilion with metal roofing-perfect for relaxing or entertaining by the water.
*This waterfront lot offers a unique feature rarely found in Chesapeake Bay critical area properties: it is exempt from the 25% impervious surface regulation!
1 year builder warranty included. Plans and Plat available upon request.
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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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Sep 8, 2025 | In contract | - | |
| In contract | |||
| Aug 25, 2025 | Price Decreased |
$999,990
↓ $19K
(1.9%) | |
| Price Decreased | |||
| Aug 7, 2025 | Price Decreased |
$1,019,000
↓ $50K
(4.7%) | |
| Price Decreased | |||
| Jul 16, 2025 | Price Decreased |
$1,069,000
↓ $31K
(2.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017