28 FAR VIEW ROAD
About This 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%.
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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 |
|---|---|---|---|
| Apr 2, 2025 | Sold | ||
| Sold | |||
| Mar 13, 2025 | In contract | - | |
| In contract | |||
| Mar 12, 2025 | Listed by Jack Lingo - Rehoboth | $2,750,000 | |
| Listed by Jack Lingo - Rehoboth | |||
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Rarely available, premier North Shores perimeter lot backing to state parkland with Ocean views! This is the only property of its kind on the market. Enjoy unobstructed views of the Atlantic Ocean, Cape Henlopen State Park and the protected wetland sanctuary of Gordons Pond. Bring your imagination, and your architect, to take advantage of this fantastic opportunity to build your custom dream home in Rehoboth Beach. The peaceful privacy of this .34 acre parcel will sooth you. Watch the sun rise, and gaze at the stunning views as sunlight dances across the natural vista just outside your new home. The lot offers room to build an expansive new enclave, or conceivably breathe new life into this unique 1990's home, past its heyday. From the second and third floors of the existing house, the Atlantic Ocean can be seen off Whiskey Beach. The current structure offers porches, verandas and balconies to connect with the surrounding nature. A three story spiral staircase allows direct access to the primary suite and the outdoor elevator can bring groceries, beach coolers and dinner guests from the parking area to the second floor porch and third floor deck. The existing 5 bedroom, 3.5 bath home is rich with character, awaiting renovation and is being sold "as is" with no warranties expressed or implied. Currently, the kitchen, living and dining areas along with the primary suite are on the top floor with the best vantage point of the surrounding scene. Four (4) additional bedrooms and two (2) guest baths are located on the level just below. Parking, storage and outdoor showers are on the ground level. The prestigious coastal community of North Shores has 24 hour private security, its own beach patrol lifeguard crew for the private Ocean beach, a community pool, tennis courts, and a marina with pier and boat launch just off the Lewes Rehoboth Canal. Gordons Pond / Whiskey Beach literally abuts this parcel, where the Junction Breakwater bike trail takes riders (and walkers) through Cape Henlopen State Park to Lewes and the Delaware Bay. The property is priced at lot value. The Board of North Shores has "first right of refusal", although rarely exercised
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Oct 7, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017