Golf-View Residential Income
33585 WINDSWEPT DRIVE #7303, Millsboro, DE 19966
For Sale
$321,000
Second-level condominium with elevator access, screened porch, and an open two-bedroom layout.
Property Size1,325 SF
Days on Market257
Property Features for 33585 WINDSWEPT DRIVE #7303
General Information
Standard status
Size
Property subtype
Amenities
Fireplace
Security System
Central A/C
Forced Air
Heat Pump(s)
Central
Built-In Microwave
Dishwasher
Disposal
Dryer - Electric
Oven/Range - Gas
Refrigerator
Washer
WaterHeater
Porch, Cable TV, Natural Gas Available
Building Details
Building Size
Year Built
Stories
Listed By:
Chrisy Tingle
(302) 377-4159
Source:
Kw
Added: Feb 27
Changed: Nov 8
Last Checked: Nov 8 at 8:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chrisy Tingle
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Investment Insights
Based on property information with market context.
This 2007 residential income property is a second-level, two-bedroom, two-bath condominium with approximately 1,325 square feet of living area and elevator access. The interior includes an open kitchen, dining, and living arrangement, engineered wood flooring, crown molding, recessed lighting, and a fireplace. The galley kitchen offers a breakfast bar, built-in microwave, pantry storage, and gas range. The primary suite features a walk-in closet and ensuite bath, while the screened porch overlooks the golf course and surrounding woods.
The property is located in The Peninsula community in Millsboro, approximately 2,000 feet from the Indian River Bay. Community amenities include indoor and outdoor pools, a fitness center, golf facilities with membership availability, clubhouse dining, tennis and basketball courts, walking trails, a spa, sauna, private beach area, and gated security. HOA and condominium fees cover exterior maintenance, lawn care, snow removal, trash, insurance, reserve funds, high-speed internet, and security.
The property is located in The Peninsula community in Millsboro, approximately 2,000 feet from the Indian River Bay. Community amenities include indoor and outdoor pools, a fitness center, golf facilities with membership availability, clubhouse dining, tennis and basketball courts, walking trails, a spa, sauna, private beach area, and gated security. HOA and condominium fees cover exterior maintenance, lawn care, snow removal, trash, insurance, reserve funds, high-speed internet, and security.
Key Highlights
- Approximately 1,325 SF, two‑bedroom, two‑bath condominium
- Second‑level residence with elevator access and screened porch
- Golf course and wooded views from the porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,016
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,320
$260.3K
Cap Rate 7%
$185,943
$185.9K
Cap Rate 9%
$144,622
$144.6K
Market Conditions
NOI Build-Up for 1,325 SF
Gross rent
$25.1K $18.96/SF
− Vacancy
−$1.5K −$1.10/SF
EGI
$23.7K $17.86/SF
− OpEx
−$10.6K −$8.04/SF
NOI
$13.0K $9.82/SF
Area
Sussex County, DE
Vacancy
5.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,320
Cap Rate 7%
$185,943
Cap Rate 9%
$144,622
Alternative Uses
Best Use
Apartment 5plus
$185.9K
$162.7K – $216.9K
NOI $13,016 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.1K
$318.6K – $424.8K
NOI $25,488 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
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Demographics for 19966, DE
32,520
Population
19,625
Households
1.7
Avg Household Size
53
Median Age
28%
College-Educated
90%
High-School Grad
89.1 sq mi
ZIP Area
365
Density / Sq Mi
$75,436
Median Household Income
$36,815
Median Earnings
$1,293
Median Rent
$282,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Sussex County, DE
Properties on Market for Residential income properties in Sussex County
Frequently Asked Questions
What type of property is this?
Residential income property - Second-level condominium with elevator access, screened porch, and an open two-bedroom layout.
Where is this residential income property located?
The property is located at 33585 WINDSWEPT DRIVE #7303 Millsboro, DE.
What is the asking price?
The asking price for this property is $321,000.
What are key features of this property?
This property features: Approximately 1,325 SF, two‑bedroom, two‑bath condominium; Second‑level residence with elevator access and screened porch; Golf course and wooded views from the porch
