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7962 FRANCES LANE
About This Property
Less than a year old, the home features four bedrooms, four full baths, a private office, and a spacious unfinished basement ready to be tailored to your vision. Create additional living and entertaining space, a fitness room, home theater, or simply enjoy the flexibility and storage the unfinished lower level provides.
Step outside and the waterfront lifestyle takes center stage. Spend quiet mornings overlooking Back Creek, walk from your home to the marina, and head out by boat to enjoy everything the Chesapeake Bay has to offer. With 3.55 acres, there is ample room to enjoy the outdoors and create a private waterfront retreat that reflects the way you want to live.
At the heart of the property is the existing 26-slip marina-an extraordinary amenity that sets this property apart and opens the door to a variety of possibilities for its next owner. Keep your own boats just steps from home, welcome friends and family by water, or explore the potential of the marina as part of your larger vision for the property.
Why wait years to build and establish a waterfront property when so much is already here? With a nearly new home, 3.55 acres, an existing 26-slip marina, and a protected setting on Back Creek, 7962 Frances Lane is an opportunity to make the Chesapeake Bay lifestyle your own.
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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 29, 2026 | Price Decreased |
$2,999,000
↓ $196K
(6.1%) | |
| Price Decreased | |||
| Aug 24, 2026 | Listed by TTR Sotheby's International Realty | $3,195,000 | |
| Listed by TTR Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017