11024 MARVIL ROAD
About This Property
three-and-a-half-bath home in Governors, a Schell-built resort community just over a mile to
historic downtown Lewes and adjacent to the scenic bike path. Ideally situated on a premium
lot with picturesque pond and fountain views both front and back, the house flows beautifully
with abundant natural light from its brilliant southern exposure and serene color palette.
A first-floor primary suite opens to the rear decks and screened porch, a quiet haven away from
guest spaces on the second floor. Everything for daily comfort is within steps, including the top-
of-the-line chef's kitchen and a flex room perfect for use as a home office. Upgrades abound,
from the professionally designed storage systems throughout the house and garage, to quality
wood flooring, elegant quartz countertops, custom plantation shutters and motorized window
treatments, two hot water heaters, and a finished bonus room above the garage.
You'll appreciate easy access to both the Governors entrance and the community's abundant
amenities just a short stroll away: clubhouse, tennis and pickleball courts, resort-style pool, and
fitness center. All this, plus the convenience of a location that's east of Coastal Highway and
only two miles to bay and ocean beaches. Hurry before this opportunity to enjoy the best of the
Lewes lifestyle is gone.
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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.
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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 12, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $1,095,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017