$1,750,000
↓ $200K (10.3%)
●
House -
For Sale
1902 CEDAR STREET
LEWES, DE 19958
4 Beds
3 Baths,
1
Half Bath
2,125 Ft²
$8,900
Est. Monthly
About This Property
THE LEWES BEACH LIFE is yours from this picture perfect 4-bedroom,
3.5-bath retreat, perfectly positioned just steps from the tranquil
waters of the Delaware Bay. This home perfectly balances modern
comfort with seaside charm, making it an ideal choice for a
year-round residence, a vacation getaway, or a high-performing
rental investment. The heart of the home is a spacious kitchen open
to the family room, where you can step outside to your private pool
and multiple decks, setting the stage for effortless indoor/outdoor
entertaining. The first floor also features a welcoming living
room, a bright sunroom, 2 bedrooms, and 2 full baths. Upstairs you
will find 2 additional bedrooms, each with a private balcony.
Surrounded by a private fenced yard with beautiful wetland and
canal views, and just steps from the sand, world-class dining, and
the historic charm of downtown Lewes,
Unit Size
2,125 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$824
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 29 days ago (Bright MLS #DESU2115304)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 8, 2026 | Price Decreased |
$1,750,000
↓ $200K
(10.3%) | |
| Price Decreased | |||
| Jul 1, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $1,950,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Dec 27, 2020 | No longer available | - | |
| No longer available | |||
| Oct 29, 2020 | Relisted | $950,000 | |
| Relisted | |||
| Oct 26, 2020 | In contract | - | |
| In contract | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: Driveway
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Attic, Entry Level Bedroom, Floor Plan - Traditional, Primary Bath(s), Upgraded Countertops, Window Treatments
Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Electric Oven, Range Hood, Refrigerator, Stainless Steel Appliance(s), Washer, Water Heater
Flooring Type: Hardwood, Carpet, Brick, Vinyl
Door Features: Storm
Has Fireplace
Fireplace Features: Propane
Fireplaces: 1
Exterior Details
Square Footage: 2125
Square Footage Source: $0
Architectural Style: Cottage, Coastal
Year Built Source: Assessor
Year Built: 2000
Building Name: NONE AVAILABLE
Levels: 2
Other Structures: Above Grade, Below Grade
Window Features: Screens, Storm
Construction Materials: Stick Built
Patio and Porch Features: Deck, Balconies- Multiple
Lot Features: Landscaping, Rear Yard
Lot Size Area: 6970
Lot Size Units: Square Feet
Lot Size Acres: 0.16
Lot Size Square Feet: 6970
Lot Size Dimensions: 70.00 x 100.00
Water Source: Public
Financial Details
Tax Annual Amount: $3,684
Utilities Details
Cooling Type: Central Air, Zoned
Heating Type: Zoned, Heat Pump(s)
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lewes
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Listed by: Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# DESU2115304
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Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# DESU2115304
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