31489 WATERSHED LANE
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%.
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 |
|---|---|---|---|
| Feb 7, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2024 | Listed | $769,900 | |
| Listed | |||
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Welcome to Your Dream Home in Inland Bays, Bethany Beach! Tucked away in the exclusive Inland Bays community, this brand-new beauty offers a lifestyle of pure luxury and comfort. Check out the cool double decks and soak in those awesome neighborhood views. Perfect for hosting parties or just kicking back and relaxing. Only a few homes down from the community pool and picnic area, and also a few steps from State Walking and Biking trails, this home is perfectly located to enjoy everything Inland Bays has to offer. With 4 bedrooms and 3.5 bathrooms, there's plenty of space for everyone to chill out and unwind. Each room is a cozy retreat in itself. With a bright and breezy open concept design in the main living areas, entertaining large groups is easy and convenient; or just enjoying some individual rest and relaxation is made all the more peaceful. Hang out on the spacious rear deck, surrounded by lush woodlands owned by the Condo Association. And don't forget about the screened porch and outdoor shower for those lazy summer days. The comfort of a screened space for entertainment, and the privacy of being tucked beneath the home and not having any home behind makes this home ideal for family retreats or group getaways. The kitchen is a chef's dream with quartz countertops, upgraded cabinets, and top-of-the-line GE Profile Appliances. Get ready to whip up some seriously delicious meals! Take advantage of the open concept design attached to numerous outdoor living spaces – all visible from the centralized kitchen. Get pampered in the designer bathrooms with beautiful tile, full height cabinets, and all the trimmings for a spa-like experience. Each one specifically styled to enhance your new beach living lifestyle. With an in-home elevator, this home is convenient for all styles of life with unparalleled luxury. From the upgraded lighting to the propane fireplace, every detail adds a touch of elegance and coziness to this fabulous home. When you walk through the home, you can feel the quality and the character built into every corner. Experience the difference of an Evergreene Home at Inland Bays. Don't miss out on this chance to live the dream in Inland Bays, Bethany Beach. It's the perfect spot to kick back, relax, and enjoy life to the fullest.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017