404 & 406 BAY FRONT ROAD
About This Property
. Enjoy unparalleled access to the beach for swimming, kayaking, stand-up paddleboard, surf fishing, and other water activities.
Lot 1: Featuring a charming home built by the renowned local builder, Lane Builders. This residence, lovingly maintained and in the family for generations, is sold fully furnished and comfortably sleeps 12. The beautifully designed beach home boasts four spacious bedrooms, with breathtaking water views. Unwind in the large 3-season sunroom or on the expansive wrap-around deck, perfect for relaxing after a day on the beach. The fully equipped kitchen caters to all your culinary needs, while the outdoor shower and beachfront-level bathroom add to your convenience. With ample storage and parking space, this home is a superb rental investment opportunity, with a projected rental income of an estimated $68,000 annually.
Lot 2: An empty canvas awaiting your dream home. Imagine building a new, bespoke residence on this vacant lot, with plans readily available to turn your vision into reality.
Both Lots 1 & 2: Provide an opportunity to buld an expansive waterfront home.
Both lots offer unobstructed water views and a chance to create your personal paradise in this highly sought-after vacation haven. Whether you choose to enhance the existing home or start fresh, this property is a perfect setting for creating cherished memories with family and friends. Broadkill Beach borders the bayside edge of Prime Hook National Wildlife Refuge, making it an ideal location for nature lovers and bird watchers.
Seize this exceptional opportunity to own a piece of Broadkill Beach and start enjoying the best of Delaware's coastal lifestyle today!
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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 |
|---|---|---|---|
| Jan 16, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Sep 8, 2024 | Listed by Monument Sotheby's International Realty | $1,299,000 | |
| Listed by Monument Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017