Located in the desirable community of The Marina at Peppers Creek,
this well-maintained ranch-style home offers easy single-level
living with thoughtful updates and access to resort-style
amenities. Featuring 3 bedrooms and 2 bathrooms, the home welcomes
you with new LVP flooring throughout and an open-concept layout
designed for comfortable everyday living and entertaining. The
kitchen is equipped with an island with bar seating, pendant and
recessed lighting, gas stove, built-in microwave, and pantry, all
flowing seamlessly into the spacious living area. A bright sunroom
or dining area filled with natural light overlooks the backyard and
includes a sliding door for easy outdoor access. Additional
highlights include a dedicated laundry room, attached front garage,
fenced backyard, and outdoor shower. Community amenities include a
clubhouse, fitness center, pool, grill and fire pit area, and
access to a nearby public boat ramp and dock available for use with
an applicable fee. The private marina docks where boats are
currently kept are not public. All this just a short drive to DE
beaches and the Dagsboro Botanical Gardens
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.
Last updated: 15 days ago (Bright MLS #DESU2112540)
Price History
Date / Event
Date
Event
Price
Sep 25, 2026
Price Decreased
$409,000
↓ $6K
(1.5%)
Price Decreased
Sep 4, 2026
Price Decreased
$415,000
↓ $10K
(2.4%)
Price Decreased
Aug 26, 2026
Price Decreased
$425,000
↓ $4K
(0.9%)
Price Decreased
Aug 17, 2026
Price Decreased
$429,000
↓ $20K
(4.5%)
Price Decreased
Jun 29, 2026
Price Decreased
$449,000
↓ $10K
(2.2%)
Price Decreased
May 28, 2026
Listed by Keller Williams Realty
$459,000
Listed by Keller Williams Realty
Jul 28, 2025
Price Decreased
$450,000
↓ $15K
(3.2%)
Price Decreased
Jul 7, 2025
Price Decreased
$465,000
↓ $10K
(2.1%)
Price Decreased
Apr 30, 2025
Relisted
$475,000
Relisted
Mar 10, 2025
In contract
-
In contract
Oct 20, 2024
Listed
$475,000
Listed
Features include a one-story coastal living with 3 bedrooms, 2 bathrooms and morning room. Primary bedroom features an en suite with walk-in closet and linen closet. Exit the sliders off of the morning room and enjoy an outside shower and a scenic view. This fabulous home is being sold partially furnished. The Marina at Peppers Creek is an amenity rich waterfront community that includes a well equipped fitness center, an in ground pool, pier/dock, boat ramp and boat slips. This home includes Super Low-E double hung windows, which block 90% of the solar heat gain, R-23 insulation, York Affinity up to 18-SEER rated air conditioning, 98% high efficiency modulating gas heating system, dehumidification controls, Rinnai tankless, continuous hot water system, MOEN faucets and fixtures, Pex Manifold plumbing system, MANABLOC individual water outlet controls, Energy Star stainless steel appliances, (dishwasher is 2 years young), (vented microwave), granite countertops, central vacuum and Broan ultra silent SmartSense fresh air system. This home qualifies for at least Gold Certification from the National Association of Home Builder's Green Builders Program. Schedule your showing today!
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