33279 HARBOR REACH DRIVE
About This Property
Ideally situated on a .23-acre lot adjacent to a pond, this four-bedroom, 2.5-bath home offers thoughtfully designed living spaces, distinctive finishes, and an impressive list of recent updates. The main level features a luxurious first-floor primary suite and an inviting great room enhanced by skylights that fill the space with natural light. The kitchen features custom marble and granite finishes, granite countertops, a pantry, brand-new stainless steel appliances, ample cabinetry and counter space, and an island with counter seating. An open layout connects the kitchen to the great room, dining room, morning room, and sunroom, creating an ideal setting for everyday living and entertaining.
Custom marble and granite finishes continue throughout the kitchen, dining room, sunroom, and both full bathrooms, complemented by a mix of hardwood and carpet flooring. Additional interior features include a central vacuum system and a freshly painted interior with a designer-inspired palette. The spacious primary bedroom features a tray ceiling, large walk-in closet, and ensuite bath with dual sinks, natural light, and a step-in shower. Upstairs, a loft sitting area provides additional flexible living space alongside three bedrooms and a full bathroom, including an upstairs bedroom with its own walk-in closet.
Outdoor living is a highlight of the home. The screened porch features composite decking and a beautiful cedar ceiling with skylights, creating a bright and inviting place to relax and enjoy the coastal air. Step outside to the open-air deck overlooking the pond, or rinse off after a day at the beach in the outdoor shower. New landscaping and an irrigated lawn supplied by a dedicated well complete the outdoor setting.
The oversized two-car garage offers a side entry door, interior access to the home, and a hardscaped walkway connecting to the rear deck. A new roof with Owens Corning Duration shingles was installed in July 2026, and a Navien Premium high-capacity tankless water heater was added in 2022.
Henlopen Landing offers community amenities including a clubhouse with a fitness center, outdoor pool, and tot playground. Conveniently located near Route 1, the home is just minutes from restaurants, shopping, entertainment, boating, fishing, and the beaches of Lewes and Rehoboth.
With beautiful pond views, abundant natural light, extensive updates, and inviting indoor and outdoor spaces, this home offers an exceptional opportunity to enjoy the coastal Delaware lifestyle.
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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.
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | In contract | - | |
| In contract | |||
| Aug 28, 2026 | Listed by Compass | $625,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017