32721 E RIGA DRIVE
About This Property
Step inside to an open main living area featuring high vaulted ceilings, skylights, and an abundance of windows that bathe the space in natural light. The living room boasts a wood-burning fireplace, perfect for cozy gatherings. The dining area is expansive, ready to host large groups, and seamlessly connects to the open kitchen. This culinary space is equipped with ample cabinet and countertop areas, upgraded granite counters, and stainless steel appliances.
Adjacent to the kitchen is a convenient powder room, leading out to a screened porch-a versatile three-season room ideal for an additional family room or game room. The first floor houses two bedrooms and a shared hall bath, while upstairs you will find three more bedrooms. The upstairs primary bedroom, with decorative wall paneling along with another bedroom, shares a connected bathroom and offers access to a large balcony deck that provides breathtaking views of the surrounding nature.
The backyard is thoughtfully designed for both recreation and convenience, featuring play equipment and a storage shed for added functionality. A charming stone path leads from the front yard to a private outdoor shower on the side of the house-perfect for rinsing off after a day at the beach. Beyond the yard, a winding pathway weaves through the trees, unveiling a peaceful view of the canal that runs behind the property, creating a tranquil retreat in nature.
Located just minutes from Bethany Beach Boardwalk, shops, and restaurants, Ocean View is a haven for both beach and nature enthusiasts.
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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 |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Mar 31, 2025 | In contract | - | |
| In contract | |||
| Mar 27, 2025 | Listed | $550,000 | |
| Listed | |||
| | |||
|
**Offer Deadline Set - Sunday March 30th by 12PM** A must see charming coastal contemporary home in Ocean View! This residence is spacious enough to accommodate a large group, whether it be family or rental guests. Upon arrival, you are greeted by cheery blossoms in the thoughtfully designed landscaping, leading up to the bright-colored front door and a sitting deck adorned with decorative black fencing that borders the front yard.
Step inside to an open main living area featuring high vaulted ceilings, skylights, and an abundance of windows that bathe the space in natural light. The living room boasts a wood-burning fireplace, perfect for cozy gatherings. The dining area is expansive, ready to host large groups, and seamlessly connects to the open kitchen. This culinary space is equipped with ample cabinet and countertop areas, upgraded granite counters, and stainless steel appliances.
Adjacent to the kitchen is a convenient powder room, leading out to a screened porch—a versatile three-season room ideal for an additional family room or game room. The first floor houses two bedrooms and a shared hall bath, while upstairs you will find three more bedrooms. The upstairs primary bedroom, with decorative wall paneling along with another bedroom, shares a connected bathroom and offers access to a large balcony deck that provides breathtaking views of the surrounding nature.
The backyard is thoughtfully designed for both recreation and convenience, featuring play equipment and a storage shed for added functionality. A charming stone path leads from the front yard to a private outdoor shower on the side of the house—perfect for rinsing off after a day at the beach. Beyond the yard, a winding pathway weaves through the trees, unveiling a peaceful view of the canal that runs behind the property, creating a tranquil retreat in nature.
Located just minutes from Bethany Beach Boardwalk, shops, and restaurants, Ocean View is a haven for both beach and nature enthusiasts.
| |||
| Oct 8, 2021 | No longer available | - | |
| No longer available | |||
| Nov 13, 2020 | Sold | ||
| Sold | |||
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017