19492 MANCHESTER DRIVE
About This Property
Step inside to a welcoming foyer that opens to a bright, airy floor plan . Natural light pours through oversized windows, illuminating the spacious great room, formal dining area, and kitchen. At the heart of the home, the kitchen features granite countertops, an oversized island with counter-height seating, and a sunny morning room that creates the perfect gathering place for casual breakfasts, holiday celebrations, and everything in between.
The first-floor master bedroom provides privacy and convenience, while upstairs, an additional guest bedroom, a full bath, and an expansive bonus room ensure plenty of space for family and friends to feel right at home. Just beyond the main living area, a porch invites you to relax and unwind while overlooking mature trees and one of the larger homesites in the community.
Life at The Grande at Canal Pointe is about more than just the home. Residents enjoy lawn maintenance, two community pools, tennis and basketball courts, a playground, scenic walking paths, and a canal-front park with kayak and paddleboard access to the Rehoboth-Lewes Canal. The Junction & Breakwater Trail is just outside the community entrance, offering miles of biking, walking, and running between Rehoboth Beach and historic Lewes.
Located approximately 2.2 miles from Rehoboth Beach's boardwalk, beaches, boutiques, and award-winning restaurants, this home places you at the center of Delaware's coastal lifestyle while still providing the privacy and tranquility of a well-established community.
From morning bike rides to sunset dinners, this is the coastal lifestyle you've been waiting for.
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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 20, 2026 | Sold | ||
| Sold | |||
| Jun 25, 2026 | In contract | - | |
| In contract | |||
| Jun 15, 2026 | Listed by Monument Sotheby's International Realty | $979,000 | |
| Listed by Monument Sotheby's International Realty | |||
| May 2, 2023 | Sold | ||
| Sold | |||
| Nov 18, 2022 | Listed by Monument Sotheby's International Realty | $1,050,000 | |
| Listed by Monument Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017