18317 PORT CIRCLE
About This Property
Welcome to your beach sanctuary tucked away on a peaceful cul-de-sac within the premier amenity rich gated community of Nassau Grove, this stunning freshly painted four-bedroom, four-bathroom residence offers the perfect blend of architectural elegance and functional living. Main Level offers Thoughtful Design for Every Stage. The heart of the home is designed for seamless daily living. Some of the expansive first floor features are a Main Suite Retreat on the first floor. Enjoy the convenience of a primary bedroom on the main level, offering privacy, tranquility and ease of access. The Double-Sided Fireplace creates a stunning focal point that bridges the gap between the sophisticated dining area and the cozy living room, creating a warm ambiance for both formal dinners and quiet nights in. At the heart of the home lies a chef-inspired gourmet kitchen, meticulously designed with sleek granite countertops, premium stainless steel appliances, and double ovens-perfect for hosting holiday feasts or mastering everyday culinary arts. Tranquil Outdoor space perfect to sip your morning coffee on the charming covered front porch or unwind on the spacious back deck, designed perfectly for entertaining as well as evening relaxation. The Lower Level is the Ultimate Flex Space. The finished walk-out basement isn't just a basement-it's a destination. With its own private entrance, this level is ideal for a multi-generational setup, a premium guest suite, or the ultimate entertainment hub. The Basement is an Entertainer's Dream, it is equipped with a full custom bar and a dedicated wine refrigerator. The basement offers additional Guest Accommodations with a large fourth bedroom and a full, modern bathroom yet still Ample Living Space with plenty of room for a home theater, gym, or second family room. The home has been lovely maintained, a few of recent updates are a new roof in 2025 and freshly painted in 2026. The home is located in a vibrant amenity rich community of Nassau Grove. Some of the fantastic communiy amenities are a clubhouse, pool, tennis courts, a fitness center, not to mention scenic jogging and biking trails which leads straight to the lively downtown Lewes and the bustling downtown Rehoboth Beach. Great location minutes to shoppping, outlets, fishing piers and your favorite local restaurants.
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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 |
|---|---|---|---|
| Apr 8, 2026 | Sold | ||
| Sold | |||
| Feb 15, 2026 | In contract | - | |
| In contract | |||
| Feb 13, 2026 | Listed by RE/MAX Associates | $689,000 | |
| Listed by RE/MAX Associates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017