754 Cutter Bay Way
About This Property
Introducing the crown jewel of Cutter Bay--Lot 37, a rare 13.14-acre waterfront peninsula estate offering an unmatched combination of privacy, scale, and direct water access. This is truly the premier homesite in the entire community, designed for those who want the very best of coastal North Carolina living.
Positioned with a large portion of the acreage extending into the water as its own private peninsula, this property delivers panoramic water views in multiple directions, along with exceptional frontage and easy access for boating, fishing, and waterfront recreation.
Thoughtfully improved and ready to enjoy from day one, Lot 37 includes:
-Paved road frontage for easy access
-Underground utilities including water, electricity, and fiber for high-speed internet
-A private elevated, covered pavilion--perfect for entertaining or relaxing with sweeping water views
-Your own private dock with boat lift
-A private boat launch, a rare and highly sought-after feature
Whether you're envisioning a legacy coastal retreat, a full-time residence, or a high-end investment property, this homesite offers the space and infrastructure to bring that vision to life.
This is a true water lover's paradise--where boating, fishing, and coastal serenity are just steps from your back door, and where properties of this caliber are exceptionally hard to find.
Opportunities like this don't come around often. This property stands alone.
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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 |
|---|---|---|---|
| May 10, 2026 | Listed by Chosen Real Estate Group | $1,099,000 | |
| Listed by Chosen Real Estate Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017