22 HARBOR ROAD
About This Property
The Shearwater floor plan is designed for effortless coastal living and entertaining, offering 5 bedrooms, 4.5 bathrooms, and generous spaces for gathering with family and friends. The open-concept main living areas flow beautifully throughout the home, while a separate study provides a dedicated space for working from home, reading, or relaxing. A walk-in pantry adds valuable storage and functionality, and two laundry rooms bring an extra level of convenience to a home designed to accommodate both everyday living and extended stays at the beach.
Outdoor living is equally inviting. A spacious rear deck and screened porch extend the living space outdoors, creating the perfect setting for summer dinners, morning coffee, or quiet evenings after a day at the beach. With five bedrooms and multiple indoor and outdoor gathering spaces, the Shearwater offers the flexibility and comfort to host guests while still providing private retreats throughout the home.
Located within North Shores, one of Rehoboth Beach's most sought-after coastal communities, offering private community beach, swimming pool, and tennis courts . This Evergreene home presents a rare opportunity to enjoy a new-construction residence on a generously sized homesite in an established and prestigious setting. Schedule your private tour today to learn more about 22 Harbor Road, the Shearwater floor plan, and the finishes selected for this exceptional new home.
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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.
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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 3, 2026 | Listed by RE/MAX Realty Group Rehoboth | $3,750,000 | |
| Listed by RE/MAX Realty Group Rehoboth | |||
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Dec 15, 2025 | In contract | - | |
| In contract | |||
| May 2, 2025 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $2,499,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
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LOCATION, LOCATION, VACATION! Make every day a vacation in this classically coastal beach home located just a seashell’s throw from the Lewes Rehoboth Canal and only a block from the beach in North Shores! This inviting property features 4 bedrooms, 2.5 baths, and spacious living areas accentuated by vaulted ceilings, classic Mexican tile flooring, and that quintessential beach-life feeling! Situated on a generously sized 0.34 acre lot, it boasts expansive yards and decks, excellent for entertaining or unwinding. The open-air pergola attaches the main house to the bonus storage building with outdoor shower, perfect for storing all your beach, gardening, & biking gear. Ideal as a primary home, seasonal home, or rental investment with proven rental income averaging $75,000 annually! North Shores isn't just about beach access; it also offers security, outdoor community pool, tennis courts, boat launch, and more. You're also just minutes away from the Junction Breakwater Trail, Gordon's Pond State Park, and the vibrant Rehoboth Beach boardwalk. Seize this exceptional opportunity to reside in this much coveted community!
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017