18208 EMERSON WAY
About This Property
The thoughtfully designed open concept layout makes everyday living a breeze, with the primary ensuite privately situated on one side of the home, and guest accommodations tucked away on the other for added comfort and privacy. The heart of the home is a beautifully updated kitchen featuring granite countertops, a huge walk-in pantry, and plenty of prep space for cooking and entertaining. A charming morning room off the kitchen offers tranquil views of the backyard and opens to a lovely deck - ideal for sipping coffee or enjoying the peaceful outdoor setting.
Located in the vibrant, amenity-rich community of Hawthorne, you'll love being just a short drive to the beaches of Lewes and Rehoboth, while enjoying on-site features like a resort-style pool, library, fitness center, dog park, and an active clubhouse that hosts frequent community events.
Exceptionally priced to sell, this home is your opportunity to enjoy coastal living in a warm and welcoming neighborhood. Don't miss it!
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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 |
|---|---|---|---|
| Jan 16, 2026 | Sold | ||
| Sold | |||
| Sep 20, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Price Decreased |
$439,000
↓ $11K
(2.4%) | |
| Price Decreased | |||
| Jun 25, 2025 | Listed by Monument Sotheby's International Realty | $450,000 | |
| Listed by Monument Sotheby's International Realty | |||
| Aug 3, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017