11 ARNELL ROAD
About This Property
This is the one you've been waiting for. A private dock with boat lift, in-ground pool, screened gazebo, and easy access to Rehoboth Bay; all in one exceptional waterfront package.
Inside, the dramatic great room sets the tone with vaulted ceilings, skylights, gleaming hardwood floors, and a gas fireplace perfect for cool coastal evenings. The open-concept layout flows seamlessly into the updated kitchen, featuring white cabinetry, granite countertops, a center island with bar seating, mosaic tile backsplash, stainless steel appliances, and a bonus built-in wine fridge. The thoughtful floor plan also offers a first-floor bedroom with private en suite bath, ideal for guests or multigenerational living. Upstairs, three additional bedrooms all enjoy direct access to the upper-level deck and balcony, where bay breezes and water views are yours morning and night.
With a two-car garage, generous square footage, and a layout that lends itself to strong vacation rental investment potential, this property is as practical as it is impressive just minutes by car or boat to Rehoboth Beach, the boardwalk, shopping and dining!
Boat. Swim. Relax. Repeat. Call today and have it by summer!
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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%.
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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 |
|---|---|---|---|
| Aug 5, 2026 | In contract | - | |
| In contract | |||
| Jun 2, 2026 | Price Decreased |
$1,399,900
↓ $50K
(3.5%) | |
| Price Decreased | |||
| Apr 8, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $1,450,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Aug 29, 2025 | Listed | $1,495,000 | |
| Listed | |||
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Waterfront Living at Its Finest!
This stunning 4-bedroom, 3.5-bath saltbox-style home sits directly on the canal, complete with a private dock, boat slip with lift, and a floating dock for two jet skis—offering direct water access to Rehoboth Bay and Love Creek.
The backyard is a true retreat, featuring an in-ground pool, fenced yard, and a covered awning—perfect for entertaining. Inside, the first floor boasts hardwood floors, high ceilings, a cozy gas fireplace, and a sunroom filled with natural light. The gourmet kitchen is equipped with stainless steel appliances, granite countertops, a gas range, wine fridge, and trash compactor. The first-floor primary suite includes patio access and a private bath. Additional highlights include a half bath, oversized laundry/mudroom, and a two-car garage.
Upstairs, a dramatic balcony overlooks the main level. Three spacious bedrooms include a second primary suite with a massive walk-in closet and cedar closet. All bedrooms have access to a shared balcony with sweeping views of the pool, canal, and Rehoboth Bay.
With no HOA, and just minutes from shopping, dining, healthcare, and entertainment, this home combines convenience, luxury, and the ultimate coastal lifestyle. Schedule your private showing now!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017