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Map
766 CYPRESS ROAD
About This Property
BACK ON THE MARKET THROUGH NO FAULT OF THE SELLERS. Inspections and appraisal were not factors.
The outdoor spaces are ideal for relaxing or entertaining, with a spacious deck overlooking the water and a peaceful spring-fed goldfish pond surrounded by nature. The wooded setting provides privacy, attracts abundant local wildlife, and offers wonderful opportunities for birdwatching.
Inside, you'll find a warm and inviting home with three bedrooms and two full baths, along with a bright four-season sunroom that captures beautiful water views. A main-level primary bedroom, remodeled full bath, and laundry hookup provide the option for convenient one-level living. The family room features a masonry fireplace, while newly refinished hardwood floors, classic knotty pine paneling, custom wood trim, French doors, and replacement windows add warmth and character.
Upstairs are two additional bedrooms and an updated full bath. The unfinished walkout basement includes a laundry area, workshop space, and abundant storage.
Recent improvements include fresh neutral paint (2026), a new HVAC system (2025), extensive landscaping (2023), a new washer, dryer, and electric range (2023), a new paver driveway and walkway (2022), an EV-charging outlet (2022), flooring improvements (2021), a jet ski lift (2021), and a new refrigerator and dishwasher (2021). Dual driveways provide abundant parking and additional space for boats. The property is served by public water and public sewer.
Located in the award-winning Severna Park school district, Manhattan Beach residents enjoy access to three community beaches, a boat ramp, playground, and community center. Whether you're looking for a full-time waterfront home or a peaceful Chesapeake retreat, this property offers an exceptional combination of boating access, privacy, character, and convenience.
An interactive virtual tour is available through the film-reel icon. Recently appraised at $995,000; a copy of the appraisal is available upon request.
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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 |
|---|---|---|---|
| Oct 14, 2026 | Sold | ||
| Sold | |||
| Sep 19, 2026 | In contract | - | |
| In contract | |||
| Sep 4, 2026 | Price Decreased |
$899,000
↓ $51K
(5.4%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$949,900
↓ $45K
(4.5%) | |
| Price Decreased | |||
| Jul 17, 2026 | Listed by Cummings & Co. Realtors | $995,000 | |
| Listed by Cummings & Co. Realtors | |||
Property Highlights
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About Severna Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017