438 DELAWARE AVENUE
About This Property
Filled with natural light from expansive windows and soaring ceilings, the home offers a bright, airy atmosphere paired with thoughtfully curated finishes throughout. A dramatic two-story foyer illuminated by a six-ring brushed gold LED chandelier creates an unforgettable first impression, while wide-plank oak LVP flooring and recessed LED lighting carry a clean, modern aesthetic throughout the home.
The designer kitchen is the true centerpiece - created for both everyday living and effortless entertaining. Striking two-tone cabinetry pairs crisp white perimeter cabinets with a natural wood island featuring oak-slatted detail and generous counter-height seating. Quartz countertops, a custom range hood, herringbone backsplash, under-cabinet lighting, and a premium KitchenAid appliance suite with 5-burner gas cooktop elevate the space even further, while the walk-in pantry adds practical convenience.
The stunning 24-foot great room is anchored by a floor-to-ceiling geometric propane fireplace in charcoal gray with subtle gold inlay, framed by oversized picture windows showcasing wooded and pond views. Sliding glass doors open to the expansive rear deck, seamlessly connecting indoor and outdoor living spaces.
The main-level primary suite offers a luxurious private retreat with dual walk-in closets and a spa-inspired bath featuring a quartz-topped double vanity, zero-entry frameless glass shower, mosaic tile flooring, and matte black fixtures. Upstairs, a second private primary suite with attached bath and walk-in closet creates ideal flexibility for guests or multigenerational living. Two additional bedrooms share a beautifully finished hall bath, while 9-foot second-floor ceilings continue the home's sense of openness and scale.
Built with longevity and efficiency in mind, the home also includes a fully conditioned crawl space with concrete slab and French drain system, tankless water heater, smart home pre-wiring, irrigation system, and an unfinished bonus space with HVAC already sized for future conditioning - ideal for a media room, home gym, or fifth bedroom.
Less than a mile from downtown Millsboro's charming historic Main Street and just minutes from Delaware beaches, this is a home designed for buyers who appreciate exceptional craftsmanship, elevated finishes, and luxury living without compromise.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017