723 RUNABOUT LOOP #723
About This Property
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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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When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| Apr 29, 2026 | Listed by Monument Sotheby's International Realty | $575,000 | |
| Listed by Monument Sotheby's International Realty | |||
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Excellent water views from this thoughtfully upgraded condominium in the Harbor View point location building in Solomons Landing create the perfect island lifestyle in charming Solomons. The unit offers an open floor plan featuring beautiful marble and wood floors and water views from the main living area and primary suite. The screened deck is accessible from the main living area as well as the primary suite and office, and overlooks the water and marina. Your boat slip is visible from the unit and convenient to the unit for boating enjoyment. A nicely appointed kitchen provides a great space for food preparation with attractive cabinetry, granite prep surfaces, pantry, and breakfast area. The kitchen opens to a dining room and living room area, perfect for entertaining. Solomons Landing offers resort style amenities where residents enjoy the best in waterfront living.
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| Jun 10, 2016 | Sold | ||
| Sold | |||
| Apr 22, 2016 | Listed by Home Towne Real Estate | $365,000 | |
| Listed by Home Towne Real Estate | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/22/2016
|
3 Bed
|
2 Bath
|
1500 ft²
|
$365,000
3 Bed
2 Bath
1500 ft²
|
$365,000
06/10/2016
|
Lawrence Stanton
Berkshire Hathaway HomeServices PenFed Realty
|
Building Info
About Solomons
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017