35487 JOANN DRIVE
About This Property
Looking for an affordable beach-area getaway or full-time home? This charming 3-bedroom, 1-bath 1977 mobile home has been lovingly maintained and updated over the years! Enjoy peace of mind with newer HVAC, updated electrical box, newer windows, brand new water heater, and a fresh roof coating. Inside, you'll find updated flooring and paint, giving the home a welcoming, refreshed feel.
Relax and unwind on the large screened-in porch, perfect for morning coffee or evening breezes, or take in the outdoors from your front and rear decks.
Located in a community with fantastic amenities - including a pool, marina, and water access - this home offers the perfect blend of comfort and coastal lifestyle.
📍 Land lease community - buyer must be approved by the park.
🕓 Seller is flexible on closing - move in when it's right for you!
Come see the charm and potential of this well-loved home today!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Jan 10, 2026 | In contract | - | |
| In contract | |||
| Oct 15, 2025 | Listed by Coldwell Banker Premier - Lewes | $55,000 | |
| Listed by Coldwell Banker Premier - Lewes | |||
| Aug 24, 2020 | No longer available | - | |
| No longer available | |||
| May 8, 2020 | Listed | $29,999 | |
| Listed | |||
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Endless possibilities await with this well cared for home in the Waterfront community of Mariner's Cove. Home features 3 bedrooms, a recently updated bathroom, two decks and a screened in porch, and an updated shed. Mariner's Cove features a community center and outdoor pool, marina, and boat launch. Just a short drive to the local beaches, restaurants, and shopping. Low lot rent for the area at only $535 a month. The manager has listed the unit size as 900 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017