993 MAGOTHY AVENUE
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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%.
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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.
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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 5, 2025 | Sold | ||
| Sold | |||
| Aug 6, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Listed by TTR Sotheby's International Realty | $2,995,000 | |
| Listed by TTR Sotheby's International Realty | |||
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Built in 2021 and lightly lived-in, this coastal waterfront home is perched on the shores of the Magothy River and Chesapeake Bay offering endless water views. Spanning three levels and designed to embrace the beauty of its setting, this residence offers elegant interiors, seamless indoor-outdoor living, and sweeping water views. The entry level features a bonus room/bedroom with full bath, ideal for guests or flexible living space. The sliding glass doors open onto the covered patio complete with a swim spa - perfect for unwinding after a day on the water. The gently sloping lawn leads down to the water's edge and private pier. A 300-foot private pier with water, electric, boat lift, and two jet ski lifts invites endless enjoyment on the river. Live the waterfront lifestyle with ease! Back inside, the main level unfolds with an open floor plan designed for both quiet moments and lively gatherings. Walls of windows and doors frame sweeping water views and open to a full-width screened porch—an ideal space for morning coffee, alfresco dinners, or simply watching sailboats drift by. The wood-burning fireplace and stunning coffered ceiling anchor the living room and dining area while the gourmet kitchen—with its oversized island, butler’s pantry, and generous workspace—is a natural gathering place. An office/bedroom with full bath adds function and flexibility. The upper level is a private retreat, where the primary suite captures the essence of waterfront living. Wake to the sunrise over the Bay from your private balcony, unwind by the gas fireplace, and rejuvenate in the spa-like bath featuring a freestanding bubbler tub, glass-enclosed shower, dual sinks, and a custom walk-in closet. Two additional bedrooms with shared bath offer plenty of room for family and friends. The oversized 3.5-car garage includes workshop space and generous storage. An elevator shaft serves all three levels, ready for future installation. The Shore Acres community beach, picnic area, boat ramp and clubhouse are within walking distance and the property is located in the highly coveted Broadneck school district. It’s the perfect location to quickly access downtown Annapolis for shopping and dining or jump on Rt. 50 to get back to Washington, DC. Thoughtfully designed for both daily comfort and unforgettable coastal living, this home is a rare opportunity to embrace life on the water in timeless style. Welcome Home!
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| Jul 21, 2020 | Sold | ||
| Sold | |||
| May 17, 2020 | Listed by RE/MAX Realty Group | $949,900 | |
| Listed by RE/MAX Realty Group | |||
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About Arnold
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017