101 PETHERTON
About This Property
The lower level has been thoughtfully converted into a fun living area with additional sleeping space, while still offering a separate garage area for storage and convenience. Upstairs, the bright and inviting main level boasts an open kitchen, dining, and living room with plenty of natural light, all flowing seamlessly onto a spacious deck overlooking the canal-ideal for entertaining or relaxing after a day on the water. This level also offers three comfortable bedrooms, one and a half baths, a pantry, and laundry area, providing plenty of room for family and guests.
Enjoy the South Bethany coastal lifestyle with the beach just a short walk away, giving you the perfect blend of peaceful canal-side living and direct access to the Atlantic Ocean. Move in and enjoy as-is, update to your taste, or take advantage of the lot's prime location to build your dream beach retreat.
Located in the sought-after community of South Bethany Beach, this property offers privacy and charm while being close to restaurants, shopping, golf, Fenwick Island, Bethany Beach, and state parks.
Don't miss this rare opportunity to own a waterfront property in South Bethany with beach access and endless potential!
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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 |
|---|---|---|---|
| Oct 1, 2025 | Sold | ||
| Sold | |||
| Aug 30, 2025 | In contract | - | |
| In contract | |||
| Aug 27, 2025 | Listed by Long & Foster Real Estate, Inc. | $1,150,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017