38787 APPLE COURT
About This Property
The second-floor main living area boasts soaring vaulted ceilings with accent beams, a cozy stove fireplace set against custom wainscoting and tile, and an open layout ideal for entertaining. The adjacent chef's kitchen is beautifully appointed with refinished white cabinetry, new hardware, a farmhouse apron-front sink with a fresh faucet, a sleek Samsung Bespoke refrigerator, and a premium Miele dishwasher. The primary suite on this level offers new stain-resistant carpet and a fully renovated bath equipped with a walk-in glass shower, Grohe rain showerhead, new vanity, lighting, and modern flooring. For ultimate day-to-day convenience, the laundry room with new custom shelving is positioned right across the hall.
The top floor houses three bright additional bedrooms and a full hall bath. Down on the ground level, a welcoming foyer leads to a flexible game/rec room and a private home office space. Green-energy features abound, highlighted by a Tesla solar lease and high-capacity wiring in the oversized two-car garage for rapid EV charging. All three bathrooms feature new toilets, completing a truly turn-key interior.
Outside, the highlights continue. Step through any of the second level sliding glass doors onto an expansive decks designed to maximize your water vistas, complete with durable IPE rear decking, cool-decking on the front/ primary suite decks, updated awnings, and sleek stainless steel cable railings. The exterior boasts fresh paint on the garage doors, front door, highlight trim, and deck support legs. Below, you'll find a covered porch, rear patio, and a freshly resealed driveway. The private grounds feature a newly enclosed bayberry perimeter, an overhauled decorative water pond with surrounding stones, an outdoor shower for rinsing off days spent on the beach or bay, and newly established garden beds, offering tasteful landscaping with newly planted apple trees, raspberry, and blackberry bushes!
Located in the waterfront community of Quillens Point, the community marina is located just down the street and features a convenient kayak lift & prime crabbing off the dock. While there is currently a waitlist for slips, DNREC recently approved 10 additional slips plus personal watercraft docks, opening up fantastic future watercraft access for the next owner!
Call today to make this must-have coastal retreat 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 |
|---|---|---|---|
| Sep 25, 2026 | Sold | ||
| Sold | |||
| Aug 22, 2026 | In contract | - | |
| In contract | |||
| Jul 31, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $899,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Dec 11, 2023 | Sold | ||
| Sold | |||
| Oct 31, 2023 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017