COASTAL PERFECTION IN DOWNTOWN LEWES! This captivating 3-bedroom,
3-bath single-family home offers over 2,000 square feet of
beautifully crafted living space, seamlessly blending timeless
architectural charm with high-end luxury finishes throughout. Step
inside to find rich hardwood flooring that flows through warm,
sunlit living areas, including a cozy front living room complete
with a brick fireplace and custom built-in bookshelves. The gourmet
kitchen is a chef's dream, appointed with custom wood cabinetry,
granite countertops, stainless steel appliances, a gas cooktop with
custom range hood, and a cozy built-in dining nook. Relax in the
light-filled sunroom with plantation shutters or retreat to the
convenient main-floor primary suite, featuring an en-suite bath
with custom tilework and a glass-enclosed shower. Classic touches
like a clawfoot soaking tub, glass-accented doorways, and custom
moldings complete the interior elegance. Outside, your private
backyard oasis awaits - fully fenced for privacy and designed for
seamless indoor-outdoor living with a stone patio, built-in outdoor
kitchen with grill, serene water pond, and a matching custom
storage shed. Unwind on the classic brick-paved front porch and
enjoy unbeatable proximity to downtown Lewes' world-class dining,
boutique shopping, bike trails, and the beach. Schedule your
private showing today!
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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