19875 BEAVER DAM ROAD
About This Property
An extraordinary opportunity awaits in tranquil Lewes on this prime 3.43-acre property along Beaver Dam Road. Offered at an exceptional value, this parcel is priced "AS-IS" at land value and boasts incredible subdivision potential for 4 individual lots (plus residual), making it a standout find for investors, developers, or anyone looking to build instant equity. Situated in the desirable Cape Henlopen School District, the lot currently features an established 3-bed, 1-bath elevated split level home with a full block basement, hardwood floors, and central air; ideal for immediate rental income, living in while you plan your build, or future redevelopment. Alternatively, keep the land intact to create your private coastal retreat or romantic farmette with room for up to 4 horses. Enjoy the peaceful, private setting with effortless access to Route 1, local beaches, dining, and shopping. Contact us today for plats, surveys, and additional details!
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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%.
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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 |
|---|---|---|---|
| Oct 9, 2026 | Price Decreased |
$599,900
↓ $25K
(4%) | |
| Price Decreased | |||
| Jul 22, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $625,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Oct 1, 2010 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017