134 KINGSBRIDGE ROAD
About This Property
Designed for both grand-scale entertaining and effortless everyday living, the home is anchored by a dramatic great room with soaring 20-foot barrel-vault ceilings and expansive folding glass doors that open to a wraparound covered porch overlooking the water. Outside, a spectacular custom pool by Ashton Pools serves as the centerpiece of the resort-inspired grounds and earned international recognition as one of PebbleTec's 2019 World's Greatest Pools. Complementing the estate's unparalleled waterfront setting, the deep-water dock provides direct boating access and completes the property's resort-like lifestyle.
The chef's kitchen is appointed with Sub-Zero refrigeration, an Italian ILVE range, striking stone surfaces, and an adjoining caterer's kitchen with additional refrigeration, dishwasher, wall oven, ice maker, and generous support space for entertaining. Thoughtfully designed for multigenerational living, the residence includes a luxurious first-floor primary suite with water views, an expansive dressing room, and a fully accessible spa-inspired bath. A second main-level bedroom or private sitting room offers exceptional flexibility.
Upstairs, five generously sized en-suite bedrooms are joined by a library with custom built-ins, a dedicated office, and a fully independent au pair or in-law suite ideally suited for extended family, live-in assistance, or long-term guests. Just moments from the beach, boardwalk, golf courses, and downtown Rehoboth Beach, Blue Gables represents a rare opportunity to own an award-winning waterfront estate in one of coastal Delaware's most coveted settings.
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2026 | Price Decreased |
$5,450,000
↓ $250K
(4.4%) | |
| Price Decreased | |||
| Jun 24, 2026 | Listed by Monument Sotheby's International Realty | $5,700,000 | |
| Listed by Monument Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017