1 SEAGRASS LANE
About This Property
The open floor plan includes a spacious family room with a gas fireplace, wood floors, and abundant natural light streaming through large windows. The private first-floor oversized primary suite encompasses the entire left side of the home and boasts two walk-in closets, a luxurious bath with double vanities, a private water closet, a walk-in shower, and a soaking tub for ultimate relaxation.
Upstairs, you'll find four additional bedrooms, including one oversized room ideal as a game room or bunk room, along with a large walk-in storage area. Additional highlights include a three-car garage, a welcoming front porch, a large laundry room, an irrigation system, incredible curb appeal and a one-year home warranty included.
Located just minutes from Delaware beaches, shopping, dining, and golf, this quality-built home offers the perfect blend of coastal living and everyday convenience.
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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 |
|---|---|---|---|
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Oct 1, 2025 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Sep 20, 2025 | Price Decreased |
$650,000
↓ $45K
(6.5%) | |
| Price Decreased | |||
| Sep 15, 2025 | Price Decreased |
$695,000
↓ $30K
(4.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017