8 Ritchie Court
About This Property
As we approach the warm spring weather, envision gatherings around the outdoor kitchen and bar area, alongside the saltwater pool. With access to multiple balconies, enjoy the panoramic views of the open water and stunning sunrises and sunsets! This home features the ultimate waterfront lifestyle, complete with a covered deck, private dock, bulkhead, in-ground saltwater pool, a fenced-in yard, an electric boat lift, four bedrooms, and three full bathrooms. It's not to be missed, especially for any water enthusiast seeking peace and tranquility.
Inside, the gourmet kitchen boasts a spacious island, ideal for entertainment while taking in spectacular water views. The open floor plan seamlessly connects the family room, dining area, and gourmet kitchen, with multiple sliding doors leading to a large deck that offers panoramic views of the water and exquisite sunrises and sunsets over the bay and backyard. The first floor provides ample privacy for guests with one bedroom and full bathroom. The upper-level features three additional bedrooms, including a Jack & Jill suite. The master suite provides a perfect retreat, complete with access to a private balcony and a convenient second-floor laundry room with storage, washer, and dryer. This home is a short distance to the fabulous Shore Acres Yacht Club and mere minutes from breathtaking beaches and restaurants. Enjoy the ideal balance of relaxation and adventure, with the beaches just minutes away and the open waters of Barnegat Bay mere seconds from your doorstep.
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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 |
|---|---|---|---|
| Apr 23, 2025 | Sold | ||
| Sold | |||
| Mar 19, 2025 | In contract | - | |
| In contract | |||
| Feb 27, 2025 | Listed by Keller Williams Realty Ocean Living | $1,325,000 | |
| Listed by Keller Williams Realty Ocean Living | |||
| Feb 19, 2021 | Sold | ||
| Sold | |||
| Jan 1, 2021 | Listed by Keller Williams Realty Cherry Hill | $850,000 | |
| Listed by Keller Williams Realty Cherry Hill | |||
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Imagine looking out to the open bay from your new home! This home boasts 16 ft. of sliding glass doors, designed to open completely, offering unobstructed views of Barnegat Bay. A grand Trek deck offers space to entertain, relax or just enjoy the view. The first floor offers 9 ft. ceilings. The gourmet kitchen was designed to entertain, boasting an oversized island and GE Monogram appliances. A BR &full bath complete this level. An open stairwell descends to the two-car garage and plentiful storage. Double doors on the garage level open to the backyard for play and entertaining. The second floor master suite has trayed ceilings, amazing water views, a fabulously appointed walk in closet and a stunning bathroom. Two more BR's a Jack &Jill bath and Laundry room complete this level.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017