$565,000
●
House -
Off Market
32840 OCEAN REACH DR
LEWES, DE 19958
3 Beds
4 Baths,
2
Half Baths
2,560 Ft²
$616,854
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model
About This Property
Spacious, barely lived-in second home in Henlopen Landing.
Never rented, this 3 bedroom 2 1/2 bath home has a bright
open floor plan. The inviting foyer with gleaming hardwood is
flanked by a formal tray-ceiling dining room and a flex room for
your study or fourth bedroom with French doors, allowing both light
and privacy. Eat-in chef's kitchen with Corian countertops is
adjacent to the great room and sunroom for ease of
entertaining. The owners suite features a tray ceiling and a
spa bath with dual vanities, jetted tub and separate shower with
large walk-in closet. Two additional bedrooms share a full bath.
The full basement has both interior and outside stairways,
and is partially finished with a recreation room and half bath.
The unfinished area offers abundant storage and is plumbed
for a full bath and kitchenette. Relax outdoors on the expansive
recently updated composite deck. The community offers a
clubhouse, pool and is minutes from the historic downtown and
beaches of Lewes, and a short drive to Rehoboth Beach.
Unit Size
2,560 Ft²
Days on Market
43 days
Land Size
0.29 acres
Price per sqft
$211
Property Type
House
Property Taxes
$123
HOA Dues
$220
Year Built
2006
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Bright MLS #DESU2001442)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2021 | Sold | ||
| Sold | |||
| Jul 2, 2021 | Listed by Compass | $539,000 | |
| Listed by Compass | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
Listed On
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Sold On
HOA + Taxes
About Sussex
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Listed by: Dustin Oldfather
Compass
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# DESU2001442
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Compass
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# DESU2001442
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