103 CAMBRIDGE WAY
About This Property
A major renovation completed in 2022 transformed the home with beautifully updated living spaces, high-end finishes, and thoughtful improvements throughout. The first floor is filled with natural light, creating a bright and welcoming atmosphere, while extensive custom millwork, molding, and architectural details add character throughout.
At the heart of the home is a beautifully renovated kitchen featuring custom Cabredo cabinetry, a 43-inch La Cornue range, Thermador refrigeration, Bosch dishwasher, and generous workspace and storage. The kitchen flows seamlessly into the main living areas, creating an inviting layout for both everyday living and entertaining.
The first-floor primary suite offers the convenience of main-level living and features his-and-her walk-in closets and a beautifully renovated marble bath with dual shower heads and heated flooring. An adjoining dedicated office provides a private work-from-home space with its own exterior door access.
Upstairs, an additional primary suite with an en-suite bath provides wonderful flexibility for family or guests. An adjoining bonus room creates a unique two-room suite that can serve as a sitting room, playroom, additional office, or private retreat.
Outdoor living has also been thoughtfully enhanced. The expanded deck and screened porch provide multiple spaces for relaxing and entertaining, with the screened porch featuring beautiful tongue-and-groove ceilings. In 2025, a new real-brick driveway apron and walkway were installed, further enhancing the home's curb appeal and creating a polished arrival. The oversized yard is surrounded by mature landscaping and offers ample space for a future pool.
Recent mechanical and infrastructure improvements add even more value, including a new HVAC system installed in 2025 and a tankless water heater installed in 2022. The garage is outfitted with organization cabinetry for ample storage, an epoxy-coated floor, and newer garage door motors.
With a 2022 renovation, 2025 HVAC system, 2025 brick improvements, two primary suites, a dedicated office, flexible bonus space, updated mechanicals, exceptional outdoor living areas, and a spacious pool-capable lot, 103 Cambridge Way offers the opportunity to enjoy a thoughtfully updated home in one of Rehoboth Beach's most desirable communities.
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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.
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 9, 2026 | Listed by Jack Lingo - Lewes | $1,695,000 | |
| Listed by Jack Lingo - Lewes | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jun 24, 2020 | Sold | ||
| Sold | |||
| May 14, 2020 | In contract | - | |
| In contract | |||
| Mar 10, 2020 | Listed by Jack Lingo - Lewes | $687,500 | |
| Listed by Jack Lingo - Lewes | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017