BETTER THAN NEW IN OLDE TOWN! Skip the wait of new construction
with this pristine, practically brand new east of Route 1 home in
Lewes! Offering over 3,400 square feet of thoughtfully designed
living space, this home blends coastal elegance with everyday
functionality. The main floor serves as the ultimate gathering hub,
featuring an open-concept layout centered around a gourmet kitchen
equipped with quartz countertops, an oversized island with bar
seating, stainless steel appliances, double wall ovens, an
electric-cooktop with a range hood, and a walk-in pantry. The
adjacent living area centers on a natural gas fireplace and flows
seamlessly into the dining space. For effortless main-level living,
the private primary suite offers a spa-inspired bath with a dual
vanity, soaking tub, separate tile shower, and dual walk-in
closets. A dedicated front office/den, powder room, and laundry
room complete the first level.
Upstairs, a vast loft area provides a flexible second living room,
ideal for media, play, or relaxing. Three spacious additional
bedrooms and two full baths, ensure family and guests have complete
comfort and privacy. Outdoor living is exceptional, featuring a
large screened porch that leads out to a beautifully landscaped,
fully fenced-in backyard complete with built-in irrigation.
Residents of Olde Town enjoy world-class community amenities
including a stunning outdoor pool, covered poolside lounge,
clubhouse, and shuffleboard court. Enjoy a short walk to one of the
many shops or restaurants in Lewes' historic downtown or enjoy the
extensive local bike trails and pristine beaches as this turn-key
property offers the ultimate coastal Delaware lifestyle. Don't wait
to build - call 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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017