16260 EDGEWATER DRIVE
About This Property
Welcome to 16260 Edgewater Drive, a beautifully maintained 4-bedroom, 2.5-bath home in the peaceful community of River Rock Run in Milton. Situated on a private, professionally landscaped lot that backs to HOA-owned wooded land, this home offers a rare opportunity for long-term privacy and protection from future development-something buyers are increasingly seeking.
Step inside to an open, light-filled floor plan featuring hardwood flooring throughout the main living areas. The home offers a dedicated dining room, first-floor powder room, and a spacious eat-in kitchen designed for both entertaining and everyday living. The kitchen features granite countertops, a bar-height peninsula, tile backsplash, gas range, and ample cabinetry. The living room is warm and inviting with a cozy gas fireplace.
The first-floor primary suite is a true retreat with a massive walk-in closet and spa-style en-suite bath featuring dual sinks and a beautifully tiled shower with bench seating. Upstairs, you'll find three additional generously sized bedrooms plus a large walk-in attic above the garage that can easily be finished for additional living space, offering excellent potential to expand the home's square footage.
Outdoor living is just as impressive with a deck, paver patio with fire pit, and a 6-person hot tub, all surrounded by a lush irrigated lawn with a Rain Bird irrigation system in both the front and backyard-perfect for relaxing or entertaining.
Additional highlights include two separate electric HVAC systems (with approximately 3 years remaining under warranty), conditioned crawlspace, water treatment system, newer water heater, and a two-car garage. A one-year home warranty is also being offered to the buyer for added peace of mind. Gravity septic system was placed and designed to leave room for future development for a private pool.
Located just minutes from downtown Milton, Lewes, and the Delaware beaches, this home offers the perfect balance of privacy, convenience, and value-especially with low property taxes and the highly desirable Cape Henlopen School District.
Schedule your private showing today and discover the rare combination of privacy, location, and long-term value this property offers.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 27, 2026 | Sold | ||
| Sold | |||
| Apr 27, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Listed by Coldwell Banker Premier - Lewes | $648,500 | |
| Listed by Coldwell Banker Premier - Lewes | |||
| Oct 3, 2025 | Price Decreased |
$648,500
↓ $11K
(1.6%) | |
| Price Decreased | |||
| Jul 25, 2025 | Price Decreased |
$659,000
↓ $20K
(3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017