40220 SUGAR HILL ROAD
About This Property
The home's minimalist exterior - a refined composition of fiber cement board, stucco, and wood - gives way to an interior defined by reclaimed walnut flooring, crisp white painted millwork, and the kind of meticulous detailing that elevates every surface. This is not a beach house. It is a work of art you live in.
The chef's kitchen is outfitted with flat-panel white cabinetry and a full suite of Miele appliances, including a built-in coffee system. Fixtures throughout are sourced from Hans Grohe and Graff Designs - two benchmarks of luxury bath and kitchen hardware - ensuring every touchpoint reflects the home's uncompromising standard of finish.
Engineered to maximize its oceanfront site, the home was constructed on twenty-two existing pilings plus eight new, expanding the building envelope in full compliance with DNREC coastal regulations - a configuration that cannot be replicated under today's code. Wood slat detailing on the south facade and lower levels draws in ocean breezes naturally, while the west-facing stairwell filters light without heat gain. The result is a home that feels as though it was conceived by the ocean itself.
Indoor-outdoor living is seamless. Panoramic Atlantic Ocean views anchor every principal living space, and the boundary between the natural landscape and the interior dissolves entirely. For buyers seeking a Delaware beach home that transcends the ordinary - a true architect-designed oceanfront estate with irreplaceable design provenance - this is it.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 16, 2026 | In contract | - | |
| In contract | |||
| Aug 28, 2026 | Price Decreased |
$7,950,000
↓ $545K
(6.4%) | |
| Price Decreased | |||
| May 6, 2026 | Listed by Monument Sotheby's International Realty | $8,495,000 | |
| Listed by Monument Sotheby's International Realty | |||
| May 18, 2012 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017