161 RAUGHLEY HILL ROAD
About This Property
The residence was constructed with an attention to quality that is increasingly difficult to find. Steel beam construction, brick masonry, a masonry firewall, cedar shake roof, buried electric and cable, and a 220-foot-deep well are just some of the features that speak to the thoughtful construction of the property.
Inside, hardwood and tile floors complement gracious living spaces filled with character with 3 Bedrooms plus an office that can be used as a 4th bedroom. The upgraded kitchen features stainless steel appliances and flows into a home designed for both everyday living and entertaining. Enjoy a formal dining room, formal sitting room, family room/library, private study with built-ins, sewing or craft room, and four working fireplaces. 4 working wood burning fireplaces, A second staircase, central vacuum system, hand-turn sprinkler system, floored pull-down attic, second-floor storage room, and abundant additional storage add functionality throughout.
The home's private spaces are equally distinctive, including an ensuite featuring a beautiful porcelain-over-cast-iron claw-foot tub and rooms that reflect the classic character and craftsmanship found throughout the residence.
Outdoor living is equally impressive. A heated saltwater pool surrounded by wrought-iron fencing creates a private retreat, while the patio, fenced dog area, expansive grounds, creek/stream, and picturesque acreage provide countless opportunities to enjoy the setting.
Beyond the main residence, the property offers substantial additional improvements, including a **detached two-car garage with a large loft/apartment area**, barns, and a separate 20' x 40' block and metal building with an overhead door accessible through an additional parcel.
What truly distinguishes this property is the land. With more than 35 acres, portions located within and outside the Town of Harrington, and areas carrying different zoning classifications, the property may offer intriguing future subdivision or development possibilities. Approximately 7.3 acres are zoned R-1, with additional acreage outside town limits identified as AR and RSI zoning, creating a property that deserves to be explored not only for what it is today, but for what it could become.
Whether envisioned as a magnificent private estate, multi-generational compound, property with agricultural or equestrian possibilities, or an investment with potential future subdivision, this is a truly distinctive offering. Privacy, acreage, substantial improvements, quality construction, water features, outbuildings, and potential-all in one remarkable property.
Any subdivision, development, additional dwelling, agricultural, commercial, or other future use is subject to applicable zoning, governmental approvals, utilities, access requirements, and other restrictions. Buyers should independently verify permitted uses and development potential.
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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 |
|---|---|---|---|
| Nov 3, 2026 | Price Decreased |
$1,699,900
↓ $300K
(15%) | |
| Price Decreased | |||
| Oct 1, 2026 | Listed by Coldwell Banker Premier - Lewes | $1,999,900 | |
| Listed by Coldwell Banker Premier - Lewes | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017