1 COASTAL HIGHWAY
About This Property
Bring your vision to life with this rare 5.39-acre property offering nearly 300 feet of frontage along Coastal Highway, one of Delaware's most traveled and visible corridors. Whether you're dreaming of creating a private estate, a charming farmette, or exploring subdivision or commercial potential, this property is a blank canvas bursting with opportunity.
An entrance directly off Coastal Highway makes for easy access and convenience, while the back of the property is lined with mature trees, offering privacy and natural beauty. The location directly across from Hudson Fields puts you in the heart of a growing, vibrant area with year-round events, sports, and community activity-all just minutes from the beaches.
Enjoy High visibility and traffic for potential business ventures, Close proximity to Lewes, Rehoboth Beach, shopping, and dining, Agricultural/residential zoning offers flexibility for development, Ideal for investors, builders, or those seeking a tranquil homestead with space to grow
This is your chance to own a slice of Coastal Highway in an area where land like this is becoming increasingly rare. Imagine the possibilities-and make them real!
Opportunity is knocking. Don't miss it!
Payment Calculator
Your Estimated Monthly Payment
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 30, 2025 | Sold | ||
| Sold | |||
| Sep 8, 2025 | In contract | - | |
| In contract | |||
| Jul 22, 2025 | Listed by Coldwell Banker Premier - Lewes | $499,000 | |
| Listed by Coldwell Banker Premier - Lewes | |||
| Oct 15, 2024 | Relisted | $525,000 | |
| Relisted | |||
| Jul 21, 2024 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017