324 MULBERRY STREET
About This Property
Discover a truly exceptional piece of Lewes history, ideally situated on one of Historic Lewes' most coveted streets, just two blocks from downtown. Dating to the mid-1800s and featured in A Pictorial History of Lewes, Delaware, this remarkable residence has been thoughtfully expanded and beautifully updated, creating a rare and seamless blend of historic character, timeless elegance, and modern luxury.
From the moment you enter the grand foyer, a stunning three-story circular mahogany staircase sets the tone for the exceptional craftsmanship found throughout the home. The main level offers gracious formal living and dining rooms, a gas fireplace, plantation shutters, and a sun-filled library with its own gas fireplace. Adjacent to a full bath, the library can easily function as a luxurious first-floor bedroom suite. At the heart of the home, the beautifully appointed chef's kitchen features custom cabinetry, a Sub-Zero refrigerator, custom built-ins, pantry, wet bar, and a bright bay-window dining area overlooking the grounds. Beyond the kitchen, a glass-enclosed sunroom provides a serene retreat with beautiful views of the backyard oasis.
The second and third floors offer four spacious bedrooms, two full baths, and abundant attic storage, providing ample room for family and guests while preserving the character and charm of this historic home.
Outside, the property transforms into an extraordinary private retreat designed for effortless entertaining and year-round enjoyment. A spectacular 13' x 40' in-ground Gunite pool, complete with an electric cover and flagstone coping, anchors the backyard. A shade pergola, outdoor shower, professional LED lighting, and expansive brick hardscape create an inviting setting with three distinct outdoor dining areas. The fully irrigated grounds are beautifully landscaped with a formal boxwood and peony parterre, mature plantings, lush lawn, and thoughtfully designed garden spaces. A custom garden shed, architecturally crafted to complement the main residence, adds both beauty and functionality, while a private driveway provides off-street parking for two to three vehicles.
This is a rare opportunity to own a piece of Lewes history with all the comforts and amenities of a sophisticated modern retreat-just moments from the restaurants, boutiques, waterfront, and vibrant charm of downtown.
Historic character. Exceptional craftsmanship. Resort-style outdoor living. Unbeatable downtown Lewes location. This is the Lewes lifestyle at its finest.
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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 |
|---|---|---|---|
| Sep 23, 2026 | In contract | - | |
| In contract | |||
| Aug 21, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $2,150,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Sep 18, 2013 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017