$842,500
●
Land -
Off Market
Lot 115 WILSON WALK
BETHANY BEACH, DE 19966
Studio
0 Bath
$4,488
Est. Monthly
$43
HOA / Fees
About This Property
Beautiful oversized Canal lot in highly sought after Bayview Park
with 70 feet of Bulkhead just waiting for a dock. This lot
offers approximately 2,500 square feet of buildable area allowing
for a two story structure which could be approximately 5,000 square
feet or more, utilizing the stunning sunset views of the bay to the
west and possible ocean views from upper floors to the east.
The canal has easy access to the bay for a day on your boat,
or spend the day at the beach with private neighborhood parking
just across Rt 1 from Fenwick Island State Park beaches. This
lot allows the new owner to create their beach dream home for years
of memories!
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
Land
Property Taxes
$26
HOA Dues
$43
Year Built
1974
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (Bright MLS #DESU2066280)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2024 | Sold | ||
| Sold | |||
| Aug 14, 2024 | In contract | - | |
| In contract | |||
| Jul 11, 2024 | Listed by Patterson-Schwartz - Greenville | $900,000 | |
| Listed by Patterson-Schwartz - Greenville | |||
| | |||
|
Beautiful oversized Canal lot in highly sought after Bayview Park with 70 feet of Bulkhead just waiting for a dock. This lot offers approximately 2,500 square feet of buildable area allowing for a two story structure which could be approximately 5,000 square feet or more, utilizing the stunning sunset views of the bay to the west and possible ocean views from upper floors to the east. The canal has easy access to the bay for a day on your boat, or spend the day at the beach with private neighborhood parking just across Rt 1 from Fenwick Island State Park beaches. This lot allows the new owner to create their beach dream home for years of memories!
| |||
Property Highlights
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Millsboro
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Listed by: Brett Jones
Patterson-Schwartz - Greenville
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# DESU2066280
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Patterson-Schwartz - Greenville
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# DESU2066280
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