24322 CANAL DRIVE
About This Property
Welcome to Canal Drive, a peaceful street that ends at the water's edge -
just 400 feet from a community dock on Hopkins Prong, which leads directly
to Rehoboth Bay. Enjoy fishing, crabbing, or launching your kayak right from
the neighborhood dock and experience true coastal living.
This three-bedroom, two-bath ranch-style bungalow offers approximately
1,248 sq. ft. of living space on a 51' x 132' lot, featuring
an open and airy layout ideal for year-round living or a relaxing getaway.
Inside, you'll find hardwood floors throughout, fresh paint,
and spacious bedrooms, including a primary suite with private bath.
The kitchen features stainless steel appliances, a
newer washer and dryer, and plenty of cabinet storage.
The main hall bath is bright and inviting, making this home completely move-in ready.
Step outside to enjoy a lovely front deck, paver patio, and a
fully fenced backyard with lush grass and a storage shed -
perfect for storing beach gear, bikes, or garden tools.
Located just off Banks Road, this home offers unbeatable convenience -
close to the local bus line, grocery stores, restaurants, doctors' offices,
and several golf courses. With no ground rent, a
low annual HOA fee of only $220, and no through traffic,
this home combines privacy and value.
This is an excellent opportunity for a short-term rental that can be turn-key -
or take advantage of strong demand for long-term rentals in this
sought-after area.
Enjoy sunsets over the water, peaceful mornings by the dock, and quick
access to Baywood Golf Course, Paradise Grill, Massey's Landing boat ramp,
and all the highlights of coastal Sussex County.
Property can be sold Turnkey- with acceptable offer. Don't miss your chance to own this
hidden gem steps from the bay - move-in ready and waiting for you!
Payment Calculator
Your Estimated Monthly Payment
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%.
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 |
|---|---|---|---|
| Oct 16, 2026 | Sold | ||
| Sold | |||
| Sep 22, 2026 | In contract | - | |
| In contract | |||
| Aug 4, 2026 | Price Decreased |
$319,000
↓ $11K
(3.3%) | |
| Price Decreased | |||
| Jul 2, 2026 | Price Decreased |
$329,900
↓ $10K
(2.9%) | |
| Price Decreased | |||
| May 25, 2026 | Price Decreased |
$339,900
↓ $10K
(2.9%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017