118 SCHLEY AVENUE
About This Property
Designed for ultimate comfort and longevity, this home features recent interior refreshments, including brand-new carpeting and stylish new flooring in two of the upstairs bed and baths. The versatile floor plan offers five spacious bedrooms and 5.5 bathrooms, highlighted by convenient primary suites on both the first and second levels. The expansive finished basement provides a dedicated recreation room along with an additional bedroom and bath - an ideal retreat for guests or a home gym - while the walk-up floored attic offers easy access and plenty of room for storage.
Rare for downtown, this property features an oversized driveway and an attached two-car garage, providing ample off-street parking. Start your mornings on the iconic wrap-around porch or take a short bike ride to the beautiful beaches of Cape Henlopen State Park. Whether you are seeking a premier primary residence, a high-end coastal getaway, or a lucrative investment opportunity, this exceptionally accommodating property allows you to embrace the very best of life in Lewes!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| Apr 27, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $1,199,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Jul 3, 2025 | Price Decreased |
$1,199,900
↓ $60K
(4.8%) | |
| Price Decreased | |||
| Apr 17, 2025 | Listed | $1,259,900 | |
| Listed | |||
| | |||
|
LIVE IN LEWES! Don't miss this great location in the heart of downtown Lewes. This charming property offers unparalleled convenience, situated just steps away from the vibrant shops and dining on 2nd Street. Enjoy a short bike ride to the beautiful beach, making it an ideal spot for those who love the coastal lifestyle. Whether you’re looking for a primary residence, a second home, or a rental property, this home provides the perfect blend of relaxation and excitement. Featuring 5 spacious bedrooms, 5.5 baths and nearly 5,000 sq ft of finished living space with hardwood flooring throughout the main level, a beautifully updated kitchen with island, granite counters, and stainless-steel appliances, bedroom suites on the first and second levels, walk-up floored attic, finished basement with rec room, as well as an additional bed & bath, and more. Enjoy slow mornings on the relaxing wrap-around porch, and host guests with ease from this exceptionally accommodating property that also offers plenty of off-street parking with a long driveway and an attached 2-car garage. Embrace the best of Lewes living with this fantastic opportunity! Call and schedule a showing today!
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017