39546 ADMIRAL ROAD
About This Property
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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 6, 2026 | Listed by Long & Foster Real Estate, Inc. | $2,595,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Sep 13, 2025 | Listed | $2,995,000 | |
| Listed | |||
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Coastal Living Redefined in North Bethany Beach
Perfectly positioned between the ocean and the bay, this newly constructed custom masterpiece offers the ultimate blend of comfort and luxury—just steps from a pristine private beach. Painstakingly designed for effortless beach-life living, the residence features a state-of-the-art chef’s kitchen, floor-to-ceiling windows, soaring coffered ceilings, and open, light-filled interiors.
An entertainer’s dream, the home’s modern layout opens seamlessly to multiple expansive decks—ideal for lounging, sunset cocktails, and classic crab feasts.
Every detail has been thoughtfully curated to enhance life at the beach. Located in the sought-after private community of Tower Shores, residents enjoy the serenity of a secluded shoreline while being just minutes from Dewey Beach’s nightlife, Rehoboth’s award-winning dining, and downtown Bethany’s coastal charm.
Don’t miss your opportunity to own this extraordinary retreat situated on Delaware’s glorious Bethany Beach coastline. Contact Mary Rice to arrange a private tour.
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| Apr 6, 2025 | Price Decreased |
$3,050,000
↓ $340K
(10%) | |
| Price Decreased | |||
| Mar 13, 2025 | Price Decreased |
$3,390,000
↓ $200K
(5.6%) | |
| Price Decreased | |||
| Jan 20, 2025 | Listed | $3,590,000 | |
| Listed | |||
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PRICE ADJUSTMENT!
Coastal Living Redefined in Bethany Beach!
Nestled between the ocean and the bay, just steps from a pristine private beach, this extraordinary custom-built home is the perfect blend of comfort & luxury. Designed to maximize life at the beach, this brand new residence features a state-of-the-art chef's kitchen , floor-to-ceiling windows, soaring coffered ceilings, and inviting living spaces, inside and out! From multiple decks for lounging, dining, and crab feasts, to exceptional open-concept interiors that flow seamlessly for gatherings large or small. No detailed has been overlooked.
Located in sought after Tower Shores, this exclusive private community provides the tranquility of a beautiful private beach while being just minutes from Dewey Beach’s vibrant nightlife, Rehoboth’s award-winning dining, and the family-friendly charm of downtown Bethany Beach.
This is coastal living redefined.
Don't miss your opportunity to own this stunning retreat—Nestled between the ocean and the bay, just steps from a pristine private beach, this extraordinary custom-built home is the perfect blend of comfort & luxury. Designed to maximize life at the beach, this brand new residence features a state-of-the-art chef's kitchen floor-to-ceiling windows, soaring coffered ceilings, and inviting living spaces,both inside and out. From wonderful decks for lounging, dining, & crab feasts, to open-concept interiors that flow seamlessly for gatherings large or small, no detail has been overlooked
Located in sought after Tower Shores, this exclusive community provides the tranquility of a beautiful private beach while being just minutes from Dewey Beach’s vibrant nightlife, Rehoboth’s award-winning dining, and the family-friendly charm of downtown Bethany Beach
This is coastal living redefined. Don't miss your opportunity to own this stunning retreat—call Mary to arrange for a private tour.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017