32492 MORRIS TRAIL
About This Property
Upon entry, you'll find a bright office to your right and a private bedroom wing to your left. At the heart of the home, an expansive family room flows seamlessly into the open-concept kitchen and dining area. The gourmet kitchen is beautifully appointed with a large center island, upgraded countertops, abundant cabinetry, and a walk-in pantry. From here, step onto the screened terrace for morning coffee or evening gatherings.
The primary suite is a private retreat with a spa-like bath and two spacious walk-in closets. Downstairs, the finished basement expands your living options with a large recreation room, an additional bedroom and full bath, and sliding-door access to the backyard. The aluminum-fenced yard offers both privacy and security for entertaining, play, or pets.
Ocean Meadows residents enjoy resort-style amenities, including an outdoor pool, clubhouse, and fitness center-all just minutes from pristine Lewes beaches, charming downtown, and some of the best shopping and dining in coastal Delaware.
A rare opportunity to enjoy single-level living with versatile bonus space, enhanced by a vibrant community lifestyle.
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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 |
|---|---|---|---|
| Dec 1, 2025 | Sold | ||
| Sold | |||
| Oct 11, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2025 | Listed by The Parker Group | $649,900 | |
| Listed by The Parker Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017