38051 PINE NEEDLE LN
About This Property
Step into the enchanting 3-season room, a delightful extension of this coastal home that embodies the essence of light and airiness. Bathed in the warmth of southern exposure, this inviting space becomes a haven for relaxation and enjoyment. Whether you're sipping your morning coffee or unwinding with a good book, the abundant natural light flooding through the room creates a serene atmosphere. The 3-season room seamlessly connects the indoor and outdoor living experience, allowing you to bask in the coastal ambiance while being sheltered from the elements. With its light and airy feel, this versatile space becomes a perfect retreat for various activities, making it an integral part of the home's charm. Revel in the changing seasons and coastal views from the comfort of this beautifully designed retreat.
Step outside to your own oasis – a brick paver patio with a sitting wall awaits, perfect for enjoying the coastal breeze and entertaining guests. Embrace the sense of community in this amenity-rich neighborhood, offering walking trails, a clubhouse for community events, an outdoor pool, fitness center, meeting rooms, pickleball courts, a dog park, playground, and tranquil fishing ponds.
Nature enthusiasts will appreciate the proximity to the Assawoman Nature Preserve and the Little Assawoman Bay, providing endless opportunities for exploration. Revel in the ideal balance of seclusion and convenience, with the serene surroundings offering a retreat from the everyday hustle, yet just a short drive away from the pristine beaches of Fenwick Island and Bethany Beach.
This coastal home is more than a residence; it's a lifestyle, offering a perfect blend of tranquility, recreation, and the allure of coastal charm. Don't miss the chance to make this haven yours!
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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 |
|---|---|---|---|
| Apr 26, 2024 | Sold | ||
| Sold | |||
| Mar 23, 2024 | In contract | - | |
| In contract | |||
| Feb 27, 2024 | Price Decreased |
$580,000
↓ $20K
(3.3%) | |
| Price Decreased | |||
| Jan 19, 2024 | Listed by Long & Foster Real Estate, Inc. | $600,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Apr 19, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017