CLAM RAKE #BLOCKFLOT3
About This Property
Discover the perfect setting for your coastal retreat on this partially wooded lot nestled in the sought-after Bay Colony community. Enjoy privacy and serenity, all within a neighborhood that offers exceptional amenities including private beach access, a clubhouse, swimming pool, tennis and pickleball courts, and a vibrant social calendar.
Boating enthusiasts will appreciate convenient access to the Bay Colony Marina, while golfers will love being just across the road from Cripple Creek Golf & Country Club. Located just a short drive from Bethany Beach, indulge in everything this charming area has to offer - from fine dining to the boardwalk's boutique shopping, ice cream parlors, and pizza spots perfect for casual evenings.
This is a rare opportunity to own land in one of the area's premier coastal communities - don't miss your chance to make Bay Colony your home.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2025 | Sold | ||
| Sold | |||
| Jun 19, 2025 | In contract | - | |
| In contract | |||
| Jun 16, 2025 | Listed by Jack Lingo - Rehoboth | $200,000 | |
| Listed by Jack Lingo - Rehoboth | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017