MORE THAN MEETS THE EYE! This extraordinary K. Hov "Lewes Loft"
build offers three full levels of surprisingly spacious,
exquisitely finished living in the highly desirable community of
Tower Hill. From the moment you step inside, the main floor
showcases an open-concept design detailed with custom crown
molding, a dedicated home office, and a great room that seamlessly
transitions to a screened porch featuring custom porch shutters and
Hunter Douglas roller shades. At the heart of the home is a gourmet
chef's kitchen featuring upgraded custom quartz countertops, luxury
cabinet handles, upgraded faucets, a walk-in pantry, and a butler's
pantry. The main level primary suite serves as a true sanctuary,
complete with an Ultra Spa Bath and custom-designed closet systems.
The upper level expands your living options with a sprawling loft
space, ideal for a secondary media lounge or library, accompanied
by a private guest bedroom and a full hall bath. Downstairs, the
finished lower level functions as a fully equipped home within a
home. Highlights include a brand-new $25,000+ secondary kitchen
with island seating and custom cabinetry, an expansive dining and
entertainment room with surround sound, a full bath, and
professionally finished dedicated zones for both a private office
and a home gym.
Every detail of this property has been elevated for ultimate
comfort and convenience. Key system improvements include a hot
water recirculation line for instant hot water, custom window
treatments throughout, dual surround sound systems, and a fully
climate-controlled, insulated garage complete with dedicated HVAC,
drywall, and an epoxy floor. Offering turn-key luxury, high-end
upgrades, and unmatched layout flexibility, this home is an
absolute must-see & must-have. Located within walking distance to
the community's amenities, including a club house & outdoor pool,
and an easy drive or bike ride to downtown Lewes shopping & dining.
Call and schedule a showing today!
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.
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