$760,000
●
House -
Off Market
501 BURNING TREE CT
BETHANY BEACH, DE 19930
4 Beds
2 Baths
1,408 Ft²
$798,624
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model
About This Property
Delightful coastal retreat within walking distance to the beach and
downtown Bethany! This immaculate Windjammer style home offers an
open floorplan featuring a bright and airy great room with vaulted
ceilings, exposed wood beams, hardwood floors and opens to a large
3 season sunroom. The kitchen has been beautifully updated with
crisp white cabinetry, tiled backsplash, granite countertops,
stainless steel appliances, and a large center island with seating.
The storage shed will hold all of your beach chairs and an outdoor
shower makes cleanup a breeze. Offered fully furnished, this home
is ready to be enjoyed or could be an incredible investment
opportunity as a rental property. Situated on a corner lot in
Bethany West, a sought after community offering many amenities
including 2 pools, 8 tennis courts, a fitness center and access to
the canal for kayaking or stand up paddle boarding. When spending
the day on the beach, ride the trolley or use your Town of Bethany
parking permits to park downtown.
Unit Size
1,408 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$550
Property Type
House
Property Taxes
$137
HOA Dues
$600
Year Built
1975
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 years ago (Bright MLS #DESU2034066)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 30, 2023 | Sold | ||
| Sold | |||
| Jan 10, 2023 | Listed by Long & Foster Real Estate, Inc. | $775,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Jan 20, 2022 | No longer available | - | |
| No longer available | |||
| Jan 11, 2022 | Sold | ||
| Sold | |||
| Oct 25, 2021 | In contract | - | |
| In contract | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Bethany Beach
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Listed by: LESLIE KOPP
Long & Foster Real Estate, Inc.
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# DESU2034066
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Long & Foster Real Estate, Inc.
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# DESU2034066
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