4 OCEANWILLOW DRIVE
About This Property
Inside the great room centers around a propane gas fireplace, setting a warm and welcoming tone that flows effortlessly into the adjacent kitchen and dining areas-perfect for intimate dinners or festive gatherings. The fully updated kitchen offers abundant counter-height countertops, new appliances (dishwasher, microwave, stove), expansive cabinet storage, and a pantry. Luxury vinyl plank flooring unifies the entire main level.
Just off the main corridor, the spacious primary suite serves as a private retreat. With a custom walk in closet and an en suite bathroom featuring dual sinks. Sliding glass doors open to the backyard patio and hot tub for easy outdoor relaxation. Two additional generously sized bedrooms, each with custom closets, share a well-appointed full bath. A flexible office space, currently used as a quiet workspace, could easily convert into a fourth bedroom if needed.
At the rear of the home, the 2023 sunroom conversion-with its 2025 roof replacement and a year round mini split system-offers a climate controlled space perfect for an additional Family room or home office.
Practical storage abounds with a main level laundry room complete with sink, an extra hallway pantry, and generous built in storage in the two car garage. Outside, there is a covered front porch overlooking the koi pond, outdoor shower, and a shed for extra storage. The sizable driveway ensures ample parking.
Upstairs, find a large carpeted bunk room–style bedroom with storage perfect for guests, a play space, or a home theater. Additionally, there is plumbing rough in ready for a potential future bath and space enough to add another bedroom or flex space.
Modern comfort and efficiency define the home with upgrades including a new heat pump (2024), gutters (2025), solar panels (2024), and a hot tub (2022), all minimizing maintenance and environmental footprint.
Positioned just two miles from Bethany Beach and steps from neighborhood amenities, 4 Ocean Willow Drive brings together thoughtful finishes, adaptable living spaces, smart upgrades, and a genuine sense of community-creating a year round haven where seaside charm meets modern ease.
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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%.
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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 |
|---|---|---|---|
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Aug 19, 2025 | In contract | - | |
| In contract | |||
| Jul 28, 2025 | Listed by TTR Sotheby's International Realty | $625,000 | |
| Listed by TTR Sotheby's International Realty | |||
| May 2, 2017 | Sold | ||
| Sold | |||
| Aug 19, 2016 | Listed by TTR Sotheby's International Realty | $329,000 | |
| Listed by TTR Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017