17633 MADAKET WAY
About This Property
Step inside to a welcoming main level, where a spacious great room with a cozy fireplace flows seamlessly into the gourmet kitchen. An oversized island, custom tile backsplash, and crisp white cabinetry make this kitchen a true centerpiece. The luxurious owner's suite boasts a tray ceiling, double vanity, and generous walk-in closet, while two additional bedrooms and full bath provide convenient main-level living.
Upstairs, a versatile loft plus bedroom and a full bath offer additional space for family and guests. The finished lower level expands the home's possibilities with two more bedrooms and a full bath-ideal for visitors or multi-generational living.
This home sits on a premium oversized lot backing to mature trees, creating a serene and private outdoor retreat. The beautiful paver patio overlooks open community green space-perfect for entertaining or quiet evenings at home. Inside, you'll find elevated details including coffered ceilings and custom trimwork added post-construction for an extra touch of craftsmanship.
Located just over 5 miles from Downtown Lewes and the beach, Coastal Club's resort-inspired amenities include a full-service restaurant and bar, indoor lap pool and hot tub, outdoor adult pool with swim-up bar, kids' pool with water playground, clubhouse with gym and yoga room, lounges, social events, game areas, tennis and pickleball courts, a fenced dog park, community gardens and a 3-mile walking and biking trail. All of this is just minutes from Delaware's award-winning beaches, dining, and shopping.
This home delivers the ultimate blend of luxury, privacy, and coastal lifestyle-ready for you to move right in and enjoy. For added convenience, the home can also be purchased fully furnished as shown, with furnishings available under a separate purchase agreement with the designer.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017