16853 LANCASTER ROAD
About This Property
desirable split-bedroom floor plan in the established community of Mill Pond Acres in Lewes,
Delaware. Offering three bedrooms, three full baths, and the rare advantage of two private
suites, this thoughtfully designed home provides exceptional flexibility for guests,
multigenerational living, or a comfortable work-from-home lifestyle.
Designed for easy everyday living and effortless entertaining, the bright open floor plan features beautiful hardwood flooring throughout the main living areas. The spacious great room is anchored by a cozy fireplace and filled with natural light from expansive windows and glass
doors that seamlessly connect the indoor and outdoor living spaces.
The adjoining kitchen is both functional and inviting, offering granite countertops, abundant
cabinetry, stainless steel appliances, recessed lighting, and a large center island with breakfast
bar seating-perfect for casual meals, gathering with family, or entertaining friends.
The spacious primary suite serves as a peaceful retreat with a private bath featuring a dual vanity and tiled shower. Privately situated on the opposite side of the home, the second suite offers its own beautifully updated bathroom with upgraded finishes, providing outstanding privacy for family or guests. An additional guest bedroom, currently used as a family room and home office, is conveniently located next to the third full bathroom.
Step outside to your own backyard retreat, where mature landscaping surrounds multiple patios
and inviting seating areas designed for relaxing or entertaining. The fully fenced yard also
includes a storage shed and offers plenty of room to create your dream outdoor oasis, including
space for a future pool.
Mill Pond Acres offers one of the area's most unique lifestyle amenities with community access
to Red Mill Pond, Delaware's largest freshwater lake. Launch your boat, kayak, canoe, or stand-up paddleboard from the community ramp and enjoy fishing, paddling, or peaceful days on the
water just moments from home.
Ideally located just minutes from Historic Lewes, Lewes Beach, Cape Henlopen State Park,
shopping, dining, and miles of scenic walking and biking trails, 16853 Lancaster Road offers
the perfect combination of comfort, convenience, and the relaxed coastal lifestyle that makes
Lewes one of Delaware's most desirable places to call home.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017