24494 BLUE BOULEVARD
About This Property
The primary bedroom provides a peaceful retreat with its own ensuite bathroom, complete with a step-in shower with built-in bench for added comfort. Two additional guest bedrooms share a well-appointed full bathroom with a tub/shower combo. This home also boasts a high-efficiency propane furnace and a high-SEER air conditioning system, ensuring year-round comfort with lower energy costs. Located in the desirable community of Shawn's Hideaway, you'll be just steps from Burton's Prong, which leads directly to the Rehoboth Bay-perfect for those who love nature and water recreation. Residents enjoy access to boat slips (currently on a wait list). Best of all, ground rent is only $500 per month-a fantastic value for this coastal setting. Move-in ready, modern, and minutes from the water-don't miss this rare opportunity!
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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%.
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 |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Feb 20, 2026 | In contract | - | |
| In contract | |||
| Jan 24, 2026 | Price Decreased |
$109,900
↓ $5K
(4.4%) | |
| Price Decreased | |||
| Jan 13, 2026 | Price Decreased |
$114,900
↓ $5K
(4.2%) | |
| Price Decreased | |||
| Dec 31, 2025 | Price Decreased |
$119,900
↓ $10K
(7.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017