$720,000
●
House -
Off Market
940 TURTLE DR
BETHANY BEACH, DE 19930
3 Beds
3 Baths,
1
Half Bath
2,600 Ft²
$3,719
Est. Monthly
$60
HOA / Fees
3.61%
Cap Rate
About This Property
Beautiful coastal style home located just 1 mile to the sand and
surf! This delightful beach retreat features a spacious open
floorplan with the kitchen open to the dining and living area that
flows onto a 3 season room and deck. An additional large family
room offers ample space for everyone to spread out and there is a
large storage room with windows on this level that could be
converted into a 4th bedroom. The spacious kitchen offers upgraded
countertops, stainless steel appliances, bar or coffee station, and
a large peninsula with seating. Upstairs, the primary bedroom
offers 2 closets, access to a sizable deck, and updated bathroom.
Down the hall there are 2 additional spacious bedrooms and another
updated bathroom. Positioned on a large lot in the desirable
community of Turtle Walk with a no HOA fee. Located within the town
limits of Bethany so you can take advantage of using the town
provided parking passes or the beach trolley stop that is located
in the neighborhood just steps away.
Unit Size
2,600 Ft²
Days on Market
39 days
Land Size
0.19 acres
Price per sqft
$287
Property Type
House
Property Taxes
$175
HOA Dues
$60
Year Built
-
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Cap Rate Calculator
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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: 2 years ago (Bright MLS #DESU2060954)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2024 | Sold | ||
| Sold | |||
| Sep 23, 2024 | In contract | - | |
| In contract | |||
| Sep 14, 2024 | Price Decreased |
$745,000
↓ $50K
(6.3%) | |
| Price Decreased | |||
| May 29, 2024 | Price Decreased |
$795,000
↓ $40K
(4.8%) | |
| Price Decreased | |||
| Apr 26, 2024 | Listed by Long & Foster Real Estate, Inc. | $835,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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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: 4 hours ago
Data Source: Bright MLS , MLS# DESU2060954
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: 4 hours ago
Data Source: Bright MLS , MLS# DESU2060954
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