33530 OLD SALT LANE #1207
About This Property
Second floor Beacon II ready for immediate occupancy. Come explore this water oriented condominium project in Lewes, Delaware. Located off of John J. Williams Highway just 5.5 miles to Rehoboth beach and 9.6 miles to Cape Henlopen State Park. Project has a total of six buildings with 30 units. Community features pool and pool house and a gated entrance for security. All units one level ranging from 1086 square feet to 1494 square feet. Units feature nine foot ceilings, Granite countertops in kitchen and baths, stainless steel appliances, ceramic tile shower walls and natural gas. All units have large private balcony. Each building has a common elevator. Contact list agent for further details.
Listed By

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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%.
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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 |
---|---|---|---|
Aug 30, 2024 | Price Increased |
$360,420
↑ $5K
(1.4%) | |
Price Increased | |||
Aug 5, 2024 | Relisted | $355,420 | |
Relisted | |||
Aug 5, 2024 | No longer available | - | |
No longer available | |||
Feb 8, 2024 | Price Increased |
$355,420
↑ $11K
(3.1%) | |
Price Increased | |||
Jun 15, 2023 | Listed by Coldwell Banker Premier - Rehoboth | $344,900 | |
Listed by Coldwell Banker Premier - Rehoboth |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/15/2023
|
3 Bed
|
2 Bath
|
1397 ft²
|
$439,900
3 Bed
2 Bath
1397 ft²
|
$454,190
+3.25%
07/23/2024
|
-
|
KATHY NEWCOMB
Coldwell Banker Premier - Rehoboth
| |
06/15/2023
|
3 Bed
|
2 Bath
|
1397 ft²
|
$449,900
3 Bed
2 Bath
1397 ft²
|
$459,980
+2.24%
07/23/2024
|
-
|
KATHY NEWCOMB
Coldwell Banker Premier - Rehoboth
| |
06/15/2023
|
3 Bed
|
2 Bath
|
1494 ft²
|
$459,900
3 Bed
2 Bath
1494 ft²
|
$468,540
+1.88%
07/26/2024
|
-
|
KATHY NEWCOMB
Coldwell Banker Premier - Rehoboth
| |
06/15/2023
|
2 Bed
|
2 Bath
|
1096 ft²
|
$324,900
2 Bed
2 Bath
1096 ft²
|
$330,000
+1.57%
07/29/2024
|
-
|
KATHY NEWCOMB
Coldwell Banker Premier - Rehoboth
| |
06/15/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$364,900
2 Bed
2 Bath
1200 ft²
|
$370,150
+1.44%
07/31/2024
|
-
|
KATHY NEWCOMB
Coldwell Banker Premier - Rehoboth
| |
06/15/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$344,900
2 Bed
2 Bath
1200 ft²
|
$351,750
+1.99%
08/12/2024
|
-
|
KATHY NEWCOMB
Coldwell Banker Premier - Rehoboth
| |
06/15/2023
|
2 Bed
|
2 Bath
|
1313 ft²
|
$359,900
2 Bed
2 Bath
1313 ft²
|
$369,720
+2.73%
08/16/2024
|
-
|
KATHY NEWCOMB
Coldwell Banker Premier - Rehoboth
| |
06/15/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$354,900
2 Bed
2 Bath
1200 ft²
|
$364,720
+2.77%
08/23/2024
|
-
|
KATHY NEWCOMB
Coldwell Banker Premier - Rehoboth
| |
06/15/2023
|
2 Bed
|
2 Bath
|
1313 ft²
|
$369,900
2 Bed
2 Bath
1313 ft²
|
$374,300
+1.19%
09/27/2024
|
-
|
Elizabeth Dorman
Coldwell Banker Resort Realty
| |
06/15/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$344,900
2 Bed
2 Bath
1200 ft²
|
$354,720
+2.85%
12/13/2024
|
-
|
KATHY NEWCOMB
Coldwell Banker Premier - Rehoboth
| |
06/15/2023
|
2 Bed
|
2 Bath
|
1113 ft²
|
$399,900
2 Bed
2 Bath
1113 ft²
|
$406,500
+1.65%
12/19/2024
|
-
|
KATHY NEWCOMB
Coldwell Banker Premier - Rehoboth
| |
06/15/2023
|
2 Bed
|
2 Bath
|
1086 ft²
|
$324,900
2 Bed
2 Bath
1086 ft²
|
$329,960
+1.56%
07/18/2024
|
-
|
KATHY NEWCOMB
Coldwell Banker Premier - Rehoboth
|
Building Info

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