32383 AUSTIN DRIVE
About This Property
The spacious primary suite is privately positioned and features a luxurious bath with dual vanities, backlit mirrors, a beautifully tiled shower, and a separate soaking tub. Three additional bedrooms are located on the opposite side of the home and share a well-appointed hall bath with tiled flooring, tiled shower, and dual vanity.
Enjoy outdoor living from two large covered porches, located at the front and rear of the home. Custom trim work and high-end finishes throughout add an elevated level of detail and craftsmanship. The home was constructed over a conditioned crawl space and features public sewer, well water, Delaware Electric Cooperative electric service, and an all-electric design.
Bay Hollow Estates is a small community with minimal restrictions and water access to Burton Prong and the Rehoboth Bay, providing an appealing setting for those looking to enjoy the coastal lifestyle. With its new construction, spacious lot, thoughtful floor plan, and custom finishes, this home offers a rare combination of quality, privacy, and water-oriented living.
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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.
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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 |
|---|---|---|---|
| Sep 21, 2026 | Listed by Long & Foster Real Estate, Inc. | $639,900 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 19, 2026 | In contract | - | |
| In contract | |||
| Apr 8, 2026 | Price Decreased |
$179,900
↓ $5K
(2.8%) | |
| Price Decreased | |||
| Feb 8, 2026 | Listed by Long & Foster Real Estate, Inc. | $185,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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Motivated sellers looking for an offer... 3/4 of an acre, cleared building lot in the waterfront community of Bay Hollow Estates. Close to golfing, boating, fishing, crabbing, restaurants and shopping. Just a short drive to Lewes and Rehoboth beach.
Public Sewer. No builder tie-in.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017