$1,150,000
●
Land -
Off Market
COVE WAY - LOT 31
NORTH BETHANY, DE 19930
Studio
0 Bath
$6,595
Est. Monthly
$202
HOA / Fees
1.60%
Cap Rate
About This Property
Build your coastal dream home on this oversized lot with vast
southern exposure, located just steps to a private marina with boat
slips and a short walk to the private community beach. This
large 99ft x 120ft parcel will accommodate a spaciously designed
residence with views of wetlands and bay from every level and
potential views of the ocean from the top floor. The southern
facing side of this lot borders protected wetlands ensuring that
your views will always be preserved. Desirably located at the end
of a non-thru street in a North Bethany community offering a
private beach, tennis courts and a marina, and just minutes to the
beach, boardwalk, restaurants, shopping and so much more!
Unit Size
-
Days on Market
544 days
Land Size
0.27 acres
Price per sqft
-
Property Type
Land
Property Taxes
$34
HOA Dues
$202
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 12 months ago (Bright MLS #DESU2059538)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| Apr 4, 2024 | Listed | $1,295,000 | |
| Listed | |||
| | |||
|
Build your coastal dream home on this oversized lot with vast southern exposure, located just steps to a private marina with boat slips and a short walk to the private community beach. This large 99ft x 120ft parcel will accommodate a spaciously designed residence with views of wetlands and bay from every level and potential views of the ocean from the top floor. The southern facing side of this lot borders protected wetlands ensuring that your views will always be preserved. Desirably located at the end of a non-thru street in a North Bethany community offering a private beach, tennis courts and a marina, and just minutes to the beach, boardwalk, restaurants, shopping and so much more!
| |||
Property Highlights
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Baths
ft²
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Price/ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Sussex
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Listed by: LESLIE KOPP
Long & Foster Real Estate, Inc.
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# DESU2059538
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Long & Foster Real Estate, Inc.
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# DESU2059538
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