123 WEST SIDE DRIVE
About This Property
Step through the newly installed front door into a soaring, light-filled grand foyer featuring a magnificent open staircase. Flowing effortlessly beyond, the two-story Great Room boasts custom built-ins, a cozy gas fireplace, and a dramatic wall of windows complete with custom remote-controlled roller shades. Conveniently adjacent sits the newly remodeled kitchen, showcasing quartz countertops, a chic tile backsplash, Cafe series lighting, and a new sink with disposal switch.
The main floor seamlessly transitions into a sunny breakfast nook, a formal dining room, a dedicated private office, and a sunroom framed by lush outdoor views. Serving as a true sanctuary, the spacious first-floor primary suite features high ceilings, dual walk-in closets, and a spa-like en-suite bath equipped with double vanities, a glass shower, and a premium "Bain Ultra" air jet hydrotherapy soaking tub.
Upstairs, you will find 4 additional guest bedrooms and two full bath, including a tiled Jack-and-Jill setup, along with slight views of the nearby golf course greens and sparkling bay. Outside, your private backyard oasis awaits, anchored by an in-ground saltwater pool, a hardscaped paver patio, mature landscaping with pathway spotlights, an outdoor shower, and full aluminum fencing. Designed for complete peace of mind, recent major upgrades include brand-new 2024 vinyl siding and stone accents, replacement windows, new exterior doors, upgraded HVAC units with custom screening, a crawl space dehumidifier, a private irrigation well, and motorized exterior window awnings.
Don't wait to start living the "picture perfect" coastal lifestyle you deserve - schedule your showing of this extraordinary Rehoboth Beach home 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 |
|---|---|---|---|
| Sep 30, 2026 | Price Decreased |
$1,750,000
↓ $150K
(7.9%) | |
| Price Decreased | |||
| Sep 3, 2026 | Price Decreased |
$1,899,900
↓ $100K
(5%) | |
| Price Decreased | |||
| Jul 20, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $2,000,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Jul 13, 2002 | Sold | ||
| Sold | |||
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017