22685 TERRI LANE
About This Property
The primary suite offers a private retreat with its own full bath and spacious closet, while two additional bedrooms provide flexibility for guests, a home office, or hobbies. The beautifully finished basement with more than 1000 sq.ft and a full bath adds valuable space with plenty of potential for gatherings, a gym, hobby area, or additional storage. and enough room for a fourth bedroom. The exterior is complemented by an irrigation system.
Total of approx. 2,528 sq ft of finished living space, including 1,528 sq ft above grade and an additional approximately 1,000 sq ft finished lower level.
Located in BeachTree Preserve, the area's most affordable premier coastal community, this home offers low-maintenance living close to both Lewes and Rehoboth Beach. Enjoy community amenities including a dog park, children's playground, sports court, and pool, all designed for convenience and an active coastal lifestyle.
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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 |
|---|---|---|---|
| Jul 2, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| Apr 28, 2026 | Price Decreased |
$468,000
↓ $31K
(6.1%) | |
| Price Decreased | |||
| Oct 27, 2025 | Listed by Monument Sotheby's International Realty | $498,500 | |
| Listed by Monument Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017