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Lot 8 SUNSET COVE COURT
About This Property
Lot 8 in the sought-after Sunset Cove subdivision offers the perfect opportunity to build your dream home in the heart of Colonial Beach. Located across the street from Monroe Bay, this lot places you in a beautiful waterfront community known for its peaceful setting and close proximity to the water.
Enjoy the charm of coastal living with Monroe Bay just steps away and the Potomac River, public beaches, boardwalk, restaurants, and boutiques only minutes from your door. Whether you're planning a full-time residence or a weekend getaway, this location offers the ideal blend of convenience and relaxed river-town lifestyle.
Sunset Cove is one of Colonial Beach's desirable waterfront neighborhoods, offering easy access to boating, fishing, and stunning sunset views over the bay.
Highlights:
• Lot 8 in the Sunset Cove waterfront subdivision
• Located across the street from Monroe Bay
• Prime location in the heart of Colonial Beach
• Minutes to the beach, boardwalk, restaurants, and shops
• Across the street from Torrey Smith Park
• Ideal site for a custom home or coastal retreat
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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 |
|---|---|---|---|
| Nov 1, 2026 | Listed by Coldwell Banker Elite | $159,000 | |
| Listed by Coldwell Banker Elite | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017