17723 MADAKET WAY
About This Property
Step inside to find wide-plank hardwood floors, recessed lighting throughout, and oversized windows that fill the main level with natural light. The entryway opens to a spacious home office, a guest bedroom with a walk-in closet and full bath nearby, and a first-floor owner's suite featuring dual walk-in closets and a spa-inspired en-suite bathroom complete with dual sinks, a large tiled shower with built-in bench, and an oversized linen closet.
The heart of the home is the expansive gourmet kitchen, perfectly appointed with a large center island, five-burner gas cooktop, double wall ovens, a built-in microwave, a built-in wine refrigerator, and 42-inch cabinetry. Granite countertops, a custom tile backsplash, under-cabinet lighting, and a convenient pantry add function and style. Adjacent to the kitchen are a mudroom and a full laundry room, making everyday tasks seamless. The open-concept design flows into the main living room with a gas fireplace and continues into a sun-filled four-season room that offers peaceful backyard views year-round.
This home offers a comfortable living or entertainment space on each level. The main floor features the welcoming living room and four-season room. Upstairs, you'll find three generously sized bedrooms-all with walk-in closets-along with a full Jack and Jill bathroom and a large upstairs living area ideal as a secondary family room, playroom, or media space.
The finished lower level adds even more versatility. It includes a custom built-in bar for entertaining, a spacious recreation room, and a dedicated media room outfitted with custom reclining theater chairs, perfect for movie nights or game days. A sixth bedroom with walk-in closet, a full bathroom, and an expansive storage area complete this well-designed level.
Outdoor living is just as impressive. Enjoy extensive hardscaping that includes a paver patio for dining or relaxing, a private outdoor shower, and professionally landscaped grounds kept lush by a full irrigation system on a separate well.
Living in Coastal Club means access to some of the finest community amenities on the Delaware coast. This gated and golf cart community community features a grand clubhouse with private social rooms, an indoor pool, a large outdoor pool with a swim-up bar, a kids' splash zone with exciting waterpark features, and multiple sports courts for tennis, pickleball, and bocce. Additional perks include a state-of-the-art fitness center, a fenced dog park, and scenic walking and biking trails that wind through preserved natural landscapes.
Located just minutes from downtown Lewes, Cape Henlopen State Park, and Delaware's top-rated beaches, 17723 Madaket Way is perfectly positioned for full-time living, a beach retreat, or a high-end investment property. With fully furnished interiors, luxury finishes, and access to a premier coastal lifestyle, this home offers it all. Weekly summer rental projections for similar size homes in the community is $6,000.00.
Welcome to Coastal Club-where everyday living feels like a vacation.
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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 |
|---|---|---|---|
| Aug 25, 2025 | Sold | ||
| Sold | |||
| Jul 29, 2025 | In contract | - | |
| In contract | |||
| Jul 21, 2025 | Price Decreased |
$950,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Jul 2, 2025 | Price Decreased |
$975,000
↓ $20K
(2%) | |
| Price Decreased | |||
| Jun 18, 2025 | Listed by EXP Realty, LLC | $995,000 | |
| Listed by EXP Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017