123 BEAVER DAM REACH
About This Property
Completely renovated in 2021, this spacious 2,500 sq. ft. single-family home features 1st floor living with three generously sized bedrooms and an open, thoughtfully designed floor plan. Step through the front door and your gaze is immediately drawn through to the serene, wooded backyard-a preview of the tranquility that awaits. The home showcases gleaming hardwood floors throughout main living areas and plush new carpeting in bedrooms. Nine-foot ceilings with ceiling fans throughout create an airy,
comfortable atmosphere. The updated kitchen boasts gas cooking, granite countertops,
abundant cabinetry, and plenty of space for entertaining. Gather in the living room around the gas fireplace, flanked by built-in shelving perfect for books and games. Step onto the private deck to watch wildlife meander through your wooded sanctuary. The formal dining room features custom built-ins and a wall of windows, flowing seamlessly into the kitchen. The expansive primary bedroom offers a spa-like retreat with a stunning en-suite bath featuring a large double-head fully tiled shower, towel warmer, stone tile flooring, double vanity, soaking tub, and two walk-in closets. All additional bathrooms have been tastefully updated with custom features. The true gem is the private, wooded backyard-a peaceful retreat that will never change. Low- maintenance landscaping includes beautiful, stacked stone flower beds with ambient lighting surrounding the home. A well-fed irrigation system handles the watering, giving you more time to enjoy the coastal lifestyle. Recent Updates & Features included: Roof replaced June 2026 (transferable warranty), HVAC system replaced 2020, Driveway sealed 2026, EV 240-volt hookup in garage, and Custom garage shelving throughout. Enjoy the peaceful atmosphere of this well-established HOA community while remaining close to championship golf courses and marinas. Whether seeking a year-round residence or vacation retreat, 123 Beaver Dam Reach offers the perfect blend of comfort, convenience, and coastal charm in one of Rehoboth Beach's most desirable locations.
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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.
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 |
|---|---|---|---|
| Sep 19, 2026 | Price Decreased |
$739,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Aug 12, 2026 | Price Decreased |
$749,000
↓ $11K
(1.5%) | |
| Price Decreased | |||
| Jul 20, 2026 | Listed by RE/MAX Realty Group Rehoboth | $759,990 | |
| Listed by RE/MAX Realty Group Rehoboth | |||
| Mar 14, 2018 | Sold | ||
| Sold | |||
| Mar 27, 2002 | Sold | ||
| Sold | |||
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About Sussex
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$2,250 /mo
- 3 Beds
- 2 Baths
$2,900 /mo
- 4 Beds
- 2 Baths
- 2,500 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017