37670 EXETER DRIVE #2
About This Property
Sold furnished!
Be in for summer!
First floor
Totally Private location backing to trees
Open floor plan
Private primary suite
Lovingly cared for/ lightly used
Original owners
Can be rented weekly (although has never been rented)
Community has 2 pools, tennis, basketball, pickleball
Playground
Kayak/SUP access to the canal
One block to the bike trail
Easy walk or bike into town and to the beach!
This community offers one of the most convenient and desirable locations in coastal Delaware. The well-designed split floor plan provides both comfort and privacy, while the first-floor location allows for easy, low-maintenance beach living.
Backing to a tranquil wooded setting, this home offers peaceful views, abundant birds, and nature watching from the private covered porch - the perfect place to relax after a day at the beach.
The open concept great room flows seamlessly into the dining area and upgraded kitchen,
creating an inviting space for everyday living and entertaining. The kitchen features granite
countertops, a breakfast bar, stainless steel appliances, and desirable gas cooking, a rare feature
in many Rehoboth Beach condominiums.
The primary suite is thoughtfully positioned for privacy and offers a spacious bedroom, walk-in closet, ceiling fan, and en-suite bath with luxury vinyl flooring. Two additional bedrooms provide flexibility for guests, family, or a home office. This condo has never been rented by the original owners, yet weekly rentals are permitted according to HOA rules, offering excellent rental potential. With its desirable layout, convenient location, and community amenities, this property would make an ideal investment property, weekend retreat, or full-time coastal residence.
The Grande at Canal Pointe is one of Rehoboth Beach's most sought-after communities, offering two community pools, a playground, multi-sport court for basketball, tennis and pickleball, sidewalks, scenic ponds, and a canal front park with the ability to launch a kayak or stand-up paddleboard. Residents also enjoy an easy walk or bike ride into downtown Rehoboth Beach, as
well as convenient access to the Junction & Breakwater Trail just one block away. Whether
you're looking for a low-maintenance beach getaway, rental investment, or year-round home, this
first-floor condo offers the perfect combination of location, convenience, and coastal lifestyle.
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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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 11, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Price Decreased |
$574,000
↓ $25K
(4.2%) | |
| Price Decreased | |||
| Apr 21, 2026 | Price Decreased |
$598,900
↓ $100
(0%) | |
| Price Decreased | |||
| Apr 8, 2026 | Listed by Monument Sotheby's International Realty | $599,000 | |
| Listed by Monument Sotheby's International Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/08/2026
|
3 Bed
|
2 Bath
|
1145 ft²
|
$599,000
3 Bed
2 Bath
1145 ft²
|
$550,000
-8.18%
06/05/2026
|
Brian Barrows
Monument Sotheby's International Realty
| |
|
12/20/2024
|
3 Bed
|
2 Bath
|
1832 ft²
|
$649,900
3 Bed
2 Bath
1832 ft²
|
$649,900
01/29/2025
|
Michael Zacherl
Keller Williams Realty
| |
|
07/10/2024
|
2 Bed
|
2 Bath
|
1190 ft²
|
$589,900
2 Bed
2 Bath
1190 ft²
|
$592,000
+0.36%
09/09/2024
|
Michael Zacherl
Keller Williams Realty
| |
|
02/29/2024
|
3 Bed
|
2 Bath
|
1575 ft²
|
$629,900
3 Bed
2 Bath
1575 ft²
|
$640,000
+1.60%
04/12/2024
|
ELIZABETH COOCH
Jack Lingo - Lewes
| |
|
02/15/2023
|
3 Bed
|
2 Bath
|
1832 ft²
|
$549,900
3 Bed
2 Bath
1832 ft²
|
$550,000
+0.02%
03/27/2023
|
Lee Ann Wilkinson
BERKSHIRE HATHAWAY HOMESERVICES GALLO-L
| |
|
08/04/2021
|
2 Bed
|
2 Bath
|
1075 ft²
|
$399,000
2 Bed
2 Bath
1075 ft²
|
$412,000
+3.26%
10/06/2021
|
Debbie Reed
RE/MAX Realty Group Rehoboth
| |
|
04/09/2021
|
3 Bed
|
2 Bath
|
1336 ft²
|
$399,900
3 Bed
2 Bath
1336 ft²
|
$400,000
+0.03%
06/04/2021
|
CARRIE LINGO
| |
|
03/01/2020
|
3 Bed
|
2 Bath
|
1259 ft²
|
$384,000
3 Bed
2 Bath
1259 ft²
|
$365,000
-4.95%
06/22/2020
|
Debbie Reed
| |
|
02/04/2019
|
3 Bed
|
2 Bath
|
1550 ft²
|
$405,000
3 Bed
2 Bath
1550 ft²
|
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-
|
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|
Building Info
About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017