115 CORNWALL ROAD
About This Property
Welcome to a light-filled home that blends contemporary design with comfortable coastal living. Offering 4+ bedrooms, 3.5 baths and nearly 3,400 sq ft (estimated), the layout is designed for both everyday ease and effortless entertaining-including upper and lower primary ensuites, ideal for guests, multi-generational living, or flexible lifestyle needs.
A dramatic two-story entry with an open staircase sets the tone and opens into a vaulted great room with walls of windows and a stylish freestanding woodburning fireplace-warm, modern, and inviting. The kitchen provides generous storage and workspace with a clean, contemporary feel, flowing naturally into the dining and living areas. Multiple living spaces include a comfortable den with built-ins, perfect for relaxing, reading, or movie nights.
A signature feature of the home is the stunning glass solarium, creating a serene, year-round retreat that brings the outdoors in-ideal for morning coffee, quiet afternoons, or showcasing your favorite plants. If you don't want to make this room your personal free space it would make an exceptional wine tasting room, a space for a swim spa or a unique sunroom. Upstairs, a loft-style library/office overlooks the entry and offers flexible bonus space for work or creativity.
Spa-inspired baths feature beautiful tile work, including tiled walk-in showers. Additional highlights include solar panels and a modern two-car garage with a contemporary glass door. Plus there's a large storage room at the back of the garage. Tucked on an oversized private lot in the prestigious Rehoboth Beach Yacht & Country Club, this distinctive property offers privacy, style, and a prime location just minutes to downtown Rehoboth, dining, shopping, and the beach-schedule your private tour today.
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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%.
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 |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| Jun 6, 2026 | Price Decreased |
$997,500
↓ $78K
(7.2%) | |
| Price Decreased | |||
| Apr 30, 2026 | Price Decreased |
$1,075,000
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Apr 7, 2026 | Price Decreased |
$1,125,000
↓ $50K
(4.3%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Status
Price/ft²
Listed On
Sold On
About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017