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46 FAIRWAY DRIVE
About This Property
Inside, warm HARDWOOD FLOORING anchors the main level, while the VAULTED GREAT ROOM creates an open, airy atmosphere filled with NATURAL LIGHT. The kitchen is a standout, featuring white shaker cabinetry accented by sleek black hardware, QUARTZ countertops, subway tile backsplash, and stainless-steel appliances, including a gas range. A generously sized island and breakfast bar provide plenty of space for gathering, while the neighboring dining area offers an elegant backdrop for entertaining.
The adjoining living area centers around a stone-surround GAS FIREPLACE with a raised hearth, creating a cozy focal point for quiet evenings or time with family and friends. Sliding glass doors open to an upgraded PAVER PATIO overlooking peaceful creek and pond views, extending the living space outdoors and creating an ideal spot for morning coffee, summer dinners, or sunset gatherings. The backyard fence provides a sense of security for you and your family pets.
The FIRST-FLOOR PRIMARY suite offers a private retreat with a tray ceiling, spacious walk-in closet, and beautifully appointed bath featuring dual vanities, a frameless glass shower, and private water closet. Two additional bedrooms, a full bath, and a convenient laundry room with garage access complete the main level.
Upstairs, a VERSATILE LOFT provides additional space for a media room, office, or relaxation area. A fourth bedroom with carpeting, full bath, and plentiful enclosed storage make this level equally functional for guests or extended stays. To finish off the upgrades in the home, the crawl space has been encapsulated with a dehumidifier to give you extra peace of mind!
Located in Ocean View, 46 Fairway Drive is approximately 12 minutes from the area's BEACHES, including Bethany Beach and Delaware's coastal attractions. GOLF enthusiasts will appreciate the nearby Bear Trap Golf Club, while EVERYDAY CONVENIENCES, dining, shopping, and entertainment are all within easy reach. With coastal destinations, recreation, and essential amenities close by, this home offers an ideal balance of TRANQUILITY AND ACCESSIBILITY.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017