Beautiful home in the desirable community of the Villages at
Herring Creek on Rehoboth Bay! Well maintained and ample home, this
four bedroom, office, three and a half bath property is nestled on
almost a half-acre lot with fantastic curb appeal, beautifully
landscaped grounds, mature trees, an extensive hardscape paver
patio with raised walls, and a welcoming covered front porch.
The spacious main level is bright, airy, and open with
soaring 12 ft ceilings, architectural columns, rich hardwood
floors, deep crown molding and beautiful millwork. The foyer
follows into the living room with lots of natural light and
panoramic private backyard views from its impressive wall of
transom windows. This space is ideal for entertaining with a cozy
gas fireplace flanked by white built-in cabinetry in which to
display your treasured artwork and books. Dining options are both
formal and informal. Enjoy hosting special celebrations in the
front dining room and casual meals in the gourmet kitchen offering
plenty of space for storage and seating with a bi-level breakfast
bar and an adjoining breakfast room with access to a lovely
screened in porch. The Chef's kitchen features sleek black granite
countertops, 42" white cabinets, a suite of stainless-steel
appliances, double wall ovens, a gas cooktop and storage pantry.
Sleeping quarters on the main level include an impressive 1st floor
primary suite complemented by a deep tray ceiling, walk-in closet
and a bump-out with backyard nature views, a luxury ensuite bath
complete with a double vanity, a stall shower, and a private water
closet. Two additional nicely sized bedrooms, an office/flex room
has a large closet and could be Bedroom #5. This floor has a
full bath plus a powder room and laundry room with newer washer and
dryer. As you go upstairs, your family or guests will love
the privacy of the large bedroom with a sitting area and full bath.
This beautiful home has an outside shower and a house matching
storage shed to store your beach gear! Additional upgrades include
a house generator, security system, and irrigation. Enjoy being is
a short walk to the community Clubhouse, pool and tennis/pickleball
court and a short drive to downtown Lewes and Rehoboth for beach
time, shopping, restaurants and all that coastal life has to offer.
Don't wait, make an appointment today for a private showing!
Pictures for illustration purposes, home sold semi furnished.
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.
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