35547 BAILER DRIVE
About This Property
The open-concept layout blends modern elegance with everyday comfort, complemented by a mix of luxury vinyl plank and carpet flooring. Interior highlights include nickel finishes and quartz countertops throughout the bathrooms to match the kitchen, along with additional exterior outlets for enhanced roofline lighting. All systems in the home are brand new, providing peace of mind and efficiency for years to come.
The primary suite features a tray ceiling with recessed lighting and a ceiling fan, creating a bright and inviting retreat. The space also offers a dedicated sitting area and a well-appointed en-suite bathroom featuring a glass-enclosed walk-in shower, soaking tub, and tile surround, along with abundant natural light for a spa-like feel.
The fully finished basement adds exceptional living and entertaining space, while the garage-complete with an EV charger-offers both convenience and functionality. With a total of 3 garage/carport spaces and 2 additional driveway spaces, there is ample room for parking.
Situated on a beautifully landscaped lot that backs to a dry pond, the property offers a serene and private outdoor setting.
Ideally located just minutes from downtown Lewes and nearby Rehoboth Beach, residents enjoy easy access to miles of pristine coastline, boating, award-winning dining, entertainment, and premier outlet shopping.
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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%.
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 |
|---|---|---|---|
| Jun 11, 2026 | Price Decreased |
$725,000
↓ $25K
(3.3%) | |
| Price Decreased | |||
| May 8, 2026 | Listed by Compass | $749,900 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017