36396 BABBLING BROOK WAY
About This Property
If you're looking for a home that offers comfort, privacy, and an easy coastal lifestyle, this beautifully maintained home in the highly sought-after Villages at Red Mill Pond deserves a closer look. With a first-floor primary suite, newer construction, a manageable lot, and an impressive array of community amenities, it is an ideal choice for retirees, empty nesters, a second home, or anyone looking to enjoy everything the Lewes area has to offer without taking on a large property.
Situated on a premium corner lot on exclusive Babbling Brook Way the only home on the street the setting provides privacy and curb appeal.
Inside, the home is thoughtfully designed for both everyday living and entertaining. A private office with glass doors offers a quiet space for working or hobbies, while the adjoining formal dining or living area provides flexibility. The spacious kitchen features granite countertops, 42-inch cabinetry, a pantry, hardwood flooring, and a bright eat-in area, opening seamlessly to the comfortable family room.
The first-floor primary suite is particularly appealing, with generous space, walk-in closets, and a beautifully appointed en-suite bath featuring a tiled shower and granite double vanity. Upstairs are three additional bedrooms, a full bath, and a large loft that can easily serve as a second living area, media room, hobby space, or guest retreat. Two oversized storage closets provide plenty of room for seasonal belongings.
The outdoor space is designed for enjoying rather than maintaining. A hardscape paver patio with pergola and two remote-controlled awnings creates a wonderful setting for morning coffee, afternoon relaxation, or entertaining friends and family. A second-floor balcony, professional landscaping, and irrigation supplied by a private well add to the home's appeal.
And the important updates are already done, including a brand-new roof, propane-fed backup generator, and updated two-zone HVAC system, providing added comfort and peace of mind.
The Villages at Red Mill Pond offers an exceptional lifestyle with a clubhouse, swimming pool, water access for kayaking and paddleboarding, and direct access to the Lewes-Georgetown Trail. Best of all, you're just minutes from Lewes Beach, Cape Henlopen, outstanding restaurants, shopping, and all the attractions that make the Delaware coast such a desirable place to live.
This is a home where you can lock the door, leave for the weekend, enjoy the beach, take a bike ride, meet friends at the pool and come home to a property that doesn't feel like a second job.
Whether you're ready to make Lewes your full-time home or looking for the perfect coastal retreat, this one checks all the boxes.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Price Decreased |
$569,900
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Jul 29, 2026 | Relisted | $579,900 | |
| Relisted | |||
| Jul 24, 2026 | In contract | - | |
| In contract | |||
| Jul 14, 2026 | Price Decreased |
$579,900
↓ $20K
(3.3%) | |
| Price Decreased | |||
| Apr 29, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $599,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017