33357 DOWNING CIRCLE
About This Property
The main-level primary suite offers a luxurious private retreat with a tray ceiling and direct walk-out access to the screened porch. The spa-inspired primary bath features upgraded flooring, floor-to-ceiling shower tile, a rain shower, adjustable hand held nozzle, upgraded lighting, and an exceptionally designed walk-in closet with a custom organization system, abundant storage, and a dedicated jewelry drawer. Norman blinds and remote-controlled Norman shades enhance the home's privacy, comfort, and polished finish throughout the family room, dining room, and primary suite.
Additional main-level appointments include an upgraded laundry room with custom cabinetry and enhanced flooring, a cleaning closet, additional recessed lighting, and ceiling-fan rough-ins in every room. Upstairs, an expansive loft opens to a private balcony overlooking the pond, creating a peaceful setting for morning coffee or evening relaxation. Generously sized bedrooms feature large closets and private full bathrooms, each appointed with upgraded cabinetry and tile. One exceptional second-floor bedroom features vaulted ceilings and another offers double-glass doors opening to an oversized porch, extending the home's impressive living and entertaining spaces outdoors. A large unfinished bonus room above the garage-approximately 23' x 22'-offers tremendous potential for additional living, recreation, studio, or storage space. The garage itself features a high ceiling and durable epoxy flooring. The lower level continues the home's impressive versatility with a walk-out basement and access to an extraordinary outdoor setting. A custom two-level Nicolock paver patio, complemented by built-in landscaping and an integrated lighting package, creates a beautiful backdrop for entertaining. An outdoor shower with changing area adds a touch of coastal luxury, while a dedicated paver walkway leads to a built-in exterior trash enclosure. The centerpiece of the backyard is an outdoor saltwater pool with a custom water feature, including a wall fountain and bubbler, creating a private year-round resort experience. Built by Schell Brothers, the pool complements the home's exceptional level of customization and provides a truly distinctive amenity rarely found in coastal living. Residents of Marsh Island enjoy an impressive collection of community amenities, including a pool, clubhouse, fitness center, kitchen and entertaining area, outdoor grill, tot playground, kayak launch, and a dock with four boat slips. All of this is ideally located just minutes from downtown Lewes, Rehoboth's outlet shopping, acclaimed dining and entertainment, and miles of shoreline perfect for beach days, boating, kayaking, and fishing. This is more than a luxury home-it is a thoughtfully designed coastal retreat offering remarkable craftsmanship, abundant indoor and outdoor living space, resort-style amenities, and a lifestyle that embraces everything the Lewes area has to offer.
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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 7, 2026 | In contract | - | |
| In contract | |||
| Aug 28, 2026 | Listed by Compass | $1,399,000 | |
| Listed by Compass | |||
| May 26, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017