200 HENLOPEN STATION #301B
About This Property
Welcome to Henlopen Station Unit 301-B, a furnished, top-floor corner condo in an exceptional location just off Rehoboth Avenue and east of Route 1. Surrounded by million-dollar-plus properties and situated just outside Rehoboth Beach city limits, this light-filled retreat offers easy access to downtown Rehoboth's restaurants, shops, events, and beach - without City taxes!
Peacefully positioned among mature trees, this gently used residence has never been rented and offers an inviting balcony, wet bar, full-size washer and dryer, two assigned parking spaces, ample guest parking, and community pool. The Junction & Breakwater Trail is right at the community, providing an incredible biking and walking connection between Rehoboth and Lewes through Cape Henlopen State Park.
Numerous seller improvements make this an especially attractive turn-key opportunity. All windows have been replaced, and the kitchen has been renovated with new flooring, counters, stainless-steel refrigerator, and garbage disposal. The primary bath and shower have been completely renovated, while the second bath and wet bar have also been updated. Additional improvements include recessed living room lighting with dimmer, storm door, smart thermostat, keypad entry, paneled interior doors, and fresh paint throughout.
Offered mostly furnished, including a newer queen-size sleeper sofa and primary bedroom mattress and box spring. Whether you're searching for a Rehoboth Beach getaway or a furnished investment property with rental potential, this ideally located Henlopen Station condo is ready to enjoy!
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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%.
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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 |
|---|---|---|---|
| Sep 25, 2026 | Sold | ||
| Sold | |||
| Aug 27, 2026 | In contract | - | |
| In contract | |||
| Aug 22, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $519,999 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Jun 11, 2018 | Sold | ||
| Sold | |||
| May 12, 2018 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $263,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/18/2026
|
2 Bed
|
2 Bath
|
936 ft²
|
$519,999
2 Bed
2 Bath
936 ft²
|
-
-
|
CYNTHIA MYERS
Berkshire Hathaway HomeServices PenFed Realty
| |
|
02/21/2025
|
2 Bed
|
2 Bath
|
1000 ft²
|
$535,000
2 Bed
2 Bath
1000 ft²
|
$525,000
-1.87%
05/20/2025
|
Shawn McDonnell
Jack Lingo - Lewes
| |
|
02/21/2024
|
2 Bed
|
2 Bath
|
-
|
$535,000
2 Bed
2 Bath
|
$522,000
-2.43%
09/17/2024
|
FRANK HORNSTEIN
EXP Realty, LLC
| |
|
08/07/2023
| |
2 Bed
|
2 Bath
|
-
|
$494,000
2 Bed
2 Bath
|
-
-
|
Kevin Odle
Greenville
|
|
08/07/2023
|
2 Bed
|
2 Bath
|
-
|
$494,000
2 Bed
2 Bath
|
$552,000
+11.74%
10/27/2023
|
Kevin Odle
Greenville
| |
|
12/09/2022
|
2 Bed
|
2 Bath
|
1000 ft²
|
$495,000
2 Bed
2 Bath
1000 ft²
|
$495,000
02/06/2023
|
LUCIUS WEBB
Jack Lingo - Rehoboth
| |
|
04/29/2022
|
2 Bed
|
2 Bath
|
1100 ft²
|
$485,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
CHERYL CROWE
Jack Lingo - Rehoboth
| |
|
03/31/2022
|
2 Bed
|
2 Bath
|
980 ft²
|
$449,900
2 Bed
2 Bath
980 ft²
|
-
-
|
SHIRLEY KALVINSKY
Jack Lingo - Rehoboth
| |
|
05/08/2019
|
2 Bed
|
2 Bath
|
1169 ft²
|
$325,000
2 Bed
2 Bath
1169 ft²
|
-
-
|
-
| |
|
02/25/2019
|
2 Bed
|
2 Bath
|
-
|
$310,000
2 Bed
2 Bath
|
-
-
|
-
| |
|
01/30/2019
|
2 Bed
|
2 Bath
|
-
|
$319,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
09/12/2018
|
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
| |
|
05/12/2018
|
2 Bed
|
2 Bath
|
980 ft²
|
$263,000
2 Bed
2 Bath
980 ft²
|
$263,000
06/11/2018
|
CYNTHIA MYERS
Berkshire Hathaway HomeServices PenFed Realty
|
Building Info
About Sussex
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