24946 RIVERS EDGE ROAD
About This Property
The flexible layout is ideal for multigenerational living, with a main-level bedroom paired with an adjacent full bath, and a private third-floor ensuite bedroom. The main floor also includes a formal dining room, sitting room, and a spacious open-concept living area that flows into an updated kitchen with breakfast room, stainless appliances, ample cabinetry, and casual dining space.
Upstairs, you'll find a spacious primary suite with spa-like ensuite bath and walk-in closet, three additional guest bedrooms, a full bath, laundry area, and a large second living room ideal for movie nights or game day gatherings. The third floor offers a private ensuite bedroom and a cozy loft-style living area-perfect for a guest suite, creative studio, or quiet retreat.
Outdoor living is just as impressive, featuring a pressure-treated deck, a fenced backyard for privacy, storage shed, and lush landscaping. Enjoy peaceful views of the adjacent pond and fountain from your own backyard oasis.
Storage is no issue with an encapsulated 4-ft crawl space accessible from inside the home-perfect for seasonal items and more. Stonewater Creek residents enjoy community amenities including a pool, clubhouse, tennis courts, all-abilities playground, and low HOA fees.
Conveniently located minutes from Routes 24 & 113, and just a short drive to Rehoboth and Lewes beaches, Tanger Outlets, Indian River boating, and charming downtown Millsboro. Whether you're upsizing, accommodating multigenerational needs, or looking for room to entertain, 24946 Rivers Edge Rd offers an exceptional blend of space, location, and lifestyle. Welcome home-your forever space awaits.
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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 |
|---|---|---|---|
| Aug 27, 2025 | Sold | ||
| Sold | |||
| Aug 2, 2025 | In contract | - | |
| In contract | |||
| Jul 23, 2025 | Price Decreased |
$585,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Jul 16, 2025 | Price Decreased |
$595,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Jun 7, 2025 | Listed by Keller Williams Realty | $599,900 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017