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8044 FOREST GLEN DRIVE
About This Property
Thoughtfully updated through the years and meticulously maintained, this 3-bedroom, 4 full-bath waterfront home is move-in ready and designed for both relaxation and entertaining. Recent improvements include a newly replaced bulkhead (June 2026), a beautifully rebuilt waterside porch (April 2026), and fresh paint throughout many areas of the home, allowing the next owner to immediately enjoy the property without the burden of major projects.
Outside, a thoughtfully designed hardscape walkway connects the home's outdoor living spaces and leads you toward the water's edge, creating a seamless flow between the residence and the waterfront. An attached garage and two storage sheds provide ample space for all your boating, fishing, and recreational gear. At the shoreline, a private pier with approximately 8 feet of mean low water depth is equipped with two boat lifts and one jet ski lift, providing exceptional access for multiple vessels. This well-positioned location is highly regarded among local boaters and watermen for its outstanding boating access, excellent crabbing, and quick route to the Chesapeake Bay. Whether you're heading out for a day on the water, setting crab pots off your pier, or returning home by boat after dinner on the Bay, this property delivers the waterfront lifestyle that makes Pasadena waterfront such a sought-after destination.
Opportunities to own a waterfront home with this combination of views, updates, and setting are increasingly rare.
Welcome to the waterfront lifestyle you've been waiting for.
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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 |
|---|---|---|---|
| Jul 13, 2026 | Sold | ||
| Sold | |||
| Jun 15, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Listed by TTR Sotheby's International Realty | $1,150,000 | |
| Listed by TTR Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017