Tucked within one of the most exclusive communities in Rehoboth
Beach – Canal Corkran, this extraordinary custom-built residence is
a masterclass in luxury, architectural artistry, and refined
coastal living. Spanning approximately 4,440 square feet, this
stunning 5-bedroom, 4.5-bath home offers an atmosphere of
sophistication, where soaring ceilings, dramatic architectural
windows, and thoughtfully curated finishes create an unforgettable
living experience. From the moment you arrive, the home's
magnificent curb appeal commands attention. Mature landscaping,
ornamental trees, beautifully contoured grounds, and striking
architectural design create a private and unforgettable first
impression. Situated on a spacious corner lot, the property's
elevated outdoor living spaces provide exceptional privacy while
enhancing the home's seamless indoor-outdoor flow and resort-like
ambiance. At the heart of the home lies a truly one-of-a-kind pool
experience that sets this residence apart from anything else in
Rehoboth Beach. Positioned directly off the main living areas, the
elevated lap pool becomes the visual centerpiece of the home -
perfectly framed from the dining room, kitchen, great room, and
sunroom. Recently rebuilt with sophisticated lighting,
architectural glass tile accents, and a pergola spanning its
length, the pool deck delivers an unparalleled sense of tranquility
and luxury. The elevated design not only creates a dramatic
architectural focal point but also offers a remarkable level of
privacy rarely found in coastal living. The grand interior design
is complemented by elevator access to all three levels, offering
both convenience and accessibility throughout the home. The great
room is nothing short of spectacular, featuring soaring ceilings,
curated designer lighting, a stunning gas fireplace with an
impressive travertine surround, and walls of windows that flood the
space with natural light. French doors throughout the main level
create effortless transitions to the outdoor entertaining areas and
pool deck, blurring the line between indoor elegance and outdoor
retreat.
Occupying the entire third floor, the primary suite is more than
just a bedroom - it is a private sanctuary. Designed with comfort
and luxury in mind, the suite features extensive custom built-in
cabinetry, a cozy gas fireplace, spacious sitting area, private sun
porch, expansive walk-in closet with dedicated laundry, and a
spa-inspired ensuite bath complete with heated floors, a soaking
tub, and an oversized walk-in shower. Designed for both serious
culinary enthusiasts and effortless entertaining, the custom
German-engineered SieMatic kitchen is a showpiece of form and
function. Sleek custom cabinetry, intelligent storage solutions,
and a spacious walk-in pantry are paired with commercial-grade
appliances including Thermador and Miele offerings, dual ovens,
warming drawer, pot filler, oversized island, and elegant yet low
maintenance Silestone countertops. Every detail has been
meticulously considered to create a culinary space that is as
functional as it is striking. Additional luxury features include a
temperature-controlled wine cellar with approximately 700-bottle
capacity, integrated audio system, architectural lighting, cable
railings, security system with cameras, UV-protected windows,
multiple fireplaces, heated bathroom flooring, custom window
treatments throughout, multiple laundry areas, and a spacious flex
room on the ground level ideal for a fitness studio, workshop, or
additional recreation space. This is a rare and superb opportunity
for the discerning Rehoboth Beach buyer seeking a one-of-a-kind
luxury retreat that effortlessly combines architectural
significance, exceptional craftsmanship, resort-style amenities,
and unparalleled privacy in one of coastal Delaware's most coveted
communities.
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.
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