123 GLADE CIRCLE W
About This Property
A brand-new Trustile glass-paneled entry door creates a striking first impression, opening to a spacious, light-filled foyer. Hardwood floors extend throughout the main living areas, beginning with a large dining area just off the foyer. Beyond, two generous living spaces are connected by a dual-sided gas fireplace, while the main level continues into an expansive kitchen with Viking range, wine refrigerator, two sinks, and oversized pantry. A large private office, bedroom, and full bath complete this level, offering flexibility for guests or multi-generational living.
Outdoor living is equally impressive, with an expansive wraparound deck spanning nearly the entire rear of the home and overlooking the backyard and pond. The main-level bedroom also opens to its own separate deck with a pergola, creating a private outdoor retreat.
Upstairs, hardwood floors continue throughout, including the primary suite, which occupies its own private wing with a beautifully renovated bath featuring dual vanities, an oversized tiled shower, and two large closets. Three additional bedrooms include two connected by a Jack-and-Jill bath, along with another full bath and conveniently located laundry.
The finished walk-out lower level offers an additional bedroom and full bath, expansive recreation space, bar area, new carpeting, and direct backyard access.
Outside, the fenced backyard overlooks the pond with room for a future pool. Recent improvements include a new roof, renovated primary bath and powder room, new front entry door, new basement carpeting, updated lighting from Pottery Barn and Serena and Lily throughout, and freshly painted exterior trim.
The Glade offers a clubhouse, outdoor swimming pool, tennis courts, indoor racquetball, fitness facilities, playground and more-all just minutes from downtown Rehoboth Beach, the beach, shopping, dining, and the Junction & Breakwater Trail.
Thoughtfully cared for and enhanced throughout its history, this distinctive home reflects a tradition of stewardship-offering its next owner the opportunity to make their own mark on a truly special Rehoboth property.
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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 |
|---|---|---|---|
| Sep 29, 2026 | In contract | - | |
| In contract | |||
| Sep 24, 2026 | Listed by Jack Lingo - Lewes | $1,395,000 | |
| Listed by Jack Lingo - Lewes | |||
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Price Decreased |
$1,499,999
↓ $90K
(5.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017