37964 FENWICK CIRCLE
About This Property
From the moment you arrive, the property enchants with its natural setting and architectural details. Enter through a decorative black metal gate to discover a Zen-like landscape framed by mature trees, breezy shaded areas, and inviting benches, are ideal spots to pause and take in the surrounding beauty. A decorative fence and arbor provide both privacy and charm, while an outdoor storage area and an adorable craftsman-style shed, designed as a mini version of the main home, offer functional space for gardening tools, beach gear, or even a creative hobby space. The freshly painted exterior enhances the home's curb appeal, giving it a vibrant and welcoming presence.
Step inside to find unique black-and-white checkered flooring and white wood-paneled walls with warm wood accents that set a tone of rustic character. The entry level hosts three bedrooms, each with hard wood floors and casement windows that frame views of the lush, wooded lot. One bedroom features an entire wall of built-in shelving, perfect for a home office or library. A full bathroom and convenient laundry area complete this floor.
Up a short set of stairs, the main living area opens to soaring vaulted wood-plank ceilings with recessed lighting. A cozy built-in window bench invites you to relax, while an adjacent exit leads to a deck overlooking the backyard below. The design creates a seamless connection to the outdoors, encouraging both relaxation and entertaining.
Continue upward to a flexible dining space with vaulted ceilings, recessed lighting, and double doors that open to a private screened-in porch. Surrounded by mature trees, this tranquil retreat is ideal for summer evenings, morning coffee, or casual gatherings. Off the porch, an open deck offers another inviting spot to sit outside and enjoy the fresh air. This level also includes the home's kitchen, thoughtfully outfitted with a breakfast bar, new stainless-steel appliances, a large walk-in pantry, and plenty of space for cooking and dining.
The primary suite is a peaceful sanctuary, boasting hardwood floors, vaulted ceilings, and a multitude of casement windows that bathe the room in natural light and offer serene views of the surrounding greenery. The spacious attached bath includes a large transom window, a ceiling fan for comfort, and ample space for storage and functionality.
The outdoor living spaces continue the home's theme of character and comfort. A screened porch, multiple decks, and shaded seating areas invite you to enjoy the beauty and privacy of the wooded lot, while covered storage ensures practicality alongside the natural charm. Recent updates (including a new roof installed in 2023, a new well with pressure switch and pump completed in September 2024, a new whole-house water filtration system, and fresh kitchen appliances) add both peace of mind and modern convenience.
Located just minutes from Fenwick Island, Ocean City, and Bethany Beach, this property places you near everything that makes coastal living exceptional. Enjoy easy access to top dining, the Freeman Arts Pavilion, premier golf at Bayside, and a nearby boat ramp for days spent on the water, all with a low HOA fee of just $50 per year. Great for nature lovers with several beautiful parks nearby, including Northside Park and Assawoman Wildlife Refuge.
With its rare combination of location, thoughtful updates, and distinctive design, this home offers a unique opportunity to embrace the best of coastal lifestyle living.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017