38839 SILVER SANDS
About This Property
Designed with entertaining in mind, the open-concept floorplan seamlessly connects the spacious living room, gourmet kitchen, and dining area. A centrally located oversized deck-accessible through double doors from both the living and dining spaces-creates effortless indoor-outdoor flow, perfect for summer gatherings and coastal evenings.
The chef's kitchen showcases crisp white cabinetry, granite countertops, stainless steel appliances, and an expansive center island with generous seating-ideal for hosting family and guests. A main-level bedroom and full bath provide flexibility for guests or convenient first-floor living.
Upstairs, retreat to the grand primary suite featuring generous space and privacy, complemented by three additional spacious guest bedrooms-offering room for everyone to unwind after a day at the beach.
The fully enclosed ground level expands your lifestyle options with abundant space for recreation, including room for ping pong, cornhole, bike and kayak storage, plus a private outdoor shower and changing area-perfect after beach days or kayaking adventures.
Located just steps from Watermark's premier amenities, residents enjoy access to a stunning infinity pool, fitness center, kayak launch, and scenic waterfront surroundings-all within a private gated setting.
Whether you're searching for a luxury beach home, second home in Bethany Beach, or an investment property near the Delaware coast, this exceptional Watermark residence delivers the ultimate coastal lifestyle in a prime North Bethany location.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017