0 ANGOLA NECK PARK
About This Property
Nestled in the vibrant Lewes–Rehoboth corridor, this location is quickly transforming into one of the area's most sought-after enclaves. While the surrounding neighborhood retains its original character, signs of renewal and revitalization are unmistakable-new construction, thoughtful redevelopment, and a wave of modern coastal homes are setting the stage for impressive long-term value growth.
Enjoy the convenience of being only a short drive or bike ride to downtown Lewes, the charming boutiques and restaurants of Rehoboth Avenue, and the endless recreational opportunities of the Rehoboth Bay-from boating and paddleboarding to crabbing and sunset cruises.
With public utilities on site and flexible building possibilities, this parcel presents the perfect canvas for your dream coastal home or a savvy investment in an area poised for appreciation. Whether you envision a modern beach cottage, a full-time residence, or a long-term investment property, the timing couldn't be better to secure your stake in a community on the rise.
Build your vision. Watch the neighborhood evolve. And enjoy all that coastal Delaware living has to offer-from world-class beaches to charming seaside towns-all within easy reach of this promising property.
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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 |
|---|---|---|---|
| May 18, 2026 | Price Decreased |
$149,500
↓ $11K
(6.6%) | |
| Price Decreased | |||
| Oct 28, 2025 | Listed by Long & Foster Real Estate, Inc. | $160,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Oct 19, 1987 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017