NOT LISTED FOR SALE

1301 Coastal Hwy Unit 403 Dewey Beach, DE 19971

Estimated Value: $925,000 - $1,578,000

3 Beds
3 Baths
1,554 Sq Ft
$701/mo HOA Fee

Last Sold September 17, 2019

Last sale price $925,000 $595 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $8,258/month

4 Days on Market

Highlights

  • Ocean View
  • Home fronts navigable water
  • Sandy Beach
  • Rehoboth Elementary School Rated A
  • Access to Tidal Water
  • 4-minute walk to Delaware Seashore State Park

About This Home

As of September 2019

Luxury living in this beautiful and spacious 3 Bedroom and 3 Bathroom Penthouse Condominium featuring Dual Owner's Suites located atop the Hyatt Place Dewey Beach. The oversized Balcony offers fantastic views of the Rehoboth Bay and the Atlantic Ocean. Enjoy the rooftop swimming pool overlooking the Rehoboth Bay or relax on the rooftop plaza with fire pit, water fountain and grilling stations. Offered Furnished for Turn-Key Living.

Last Listed By

Ron Golden

EXP Realty, LLC License #RS-0023224 Listed on: 06/29/2019

EXP Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,072

Year Built

  • Built in 2014

Lot Details

  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Sandy Beach
  • Public Beach
  • Property is in very good condition

HOA Fees

  • $701 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Lighted Parking
  • Parking Lot
  • Off-Street Parking
  • 2 Assigned Parking Spaces

Property Views

  • Ocean
  • Bay

Home Design

  • Penthouse
  • Flat Roof Shape
  • Dryvit Stucco

Interior Spaces

  • 1,554 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Double Hung Windows
  • Transom Windows
  • Window Screens
  • Insulated Doors
  • Living Room
  • Dining Room
  • Tile or Brick Flooring

Kitchen

  • Gourmet Kitchen
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Stacked Electric Washer and Dryer

Home Security

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Public Water Access
  • Property near a bay
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Water Heater

Additional Features

  • Accessible Elevator Installed
  • Energy-Efficient Windows with Low Emissivity
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-23.06-1.00-C403

Community Details

Overview

  • $400 Recreation Fee
  • $1,401 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, insurance, pool(s), reserve funds, trash
  • Lighthouse Cove Community
  • Lighthouse Cove Subdivision

Amenities

  • Common Area
  • Elevator

Recreation

  • Heated Community Pool

Pet Policy

  • Limit on the number of pets
  • Breed Restrictions

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,072

Year Built

Built in 2014

Lot Details

0

HOA Fees

$701 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Home Warranty: No
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2014
  • Remarks Public: Luxury living in this beautiful and spacious 3 Bedroom and 3 Bathroom Penthouse Condominium featuring Dual Owner's Suites located atop the Hyatt Place Dewey Beach. The oversized Balcony offers fantastic views of the Rehoboth Bay and the Atlantic Ocean. Enjoy the rooftop swimming pool overlooking the Rehoboth Bay or relax on the rooftop plaza with fire pit, water fountain and grilling stations. Offered Furnished for Turn-Key Living.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer - Electric, Dryer - Front Loading, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Washer/Dryer Stacked, Water Heater
  • Flooring Type: Tile/Brick
  • Interior Amenities: Ceiling Fan(s), Crown Moldings, Dining Area, Elevator, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Recessed Lighting, Skylight(s), Soaking Tub, Stall Shower, Upgraded Countertops, Walk-In Closet(s), Window Treatments
  • Window Features: Double Hung, Energy Efficient, Low-E, Double Pane, Screens, Skylights, Transom
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bathroom 2, Bathroom 3, Primary Bathroom
  • Basement: No
  • Laundry Type: Main Floor, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1554
  • Living Area Sq Ft: 1554
  • Price Per Sq Ft: 595.24
  • Above Grade Finished Sq Ft: 1554
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1301

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Concrete, Dryvit
  • Exterior Features: Bbq Grill, Exterior Lighting, Outside Shower, Sidewalks
  • Roof: Flat
  • View: Ocean, Bay, Water
  • Water Access Features: Public Access, Public Beach, Canoe/Kayak
  • Water Access: Yes
  • Water Body Name: Rehoboth Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Assigned Spaces Count: 2
  • Garage: Yes
  • Parking Features: Assigned, Lighted Parking, Private
  • Garage Features: Covered Parking
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot, Off Street, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Security: Sprinkler System - Indoor, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 8406.72
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Elevator, Pool - Outdoor, Reserved/Assigned Parking, Common Grounds, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Pool(s), Reserve Funds, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 400.00
  • Association Recreation Fee: Yes
  • Community Pool Features: Heated

Fee Information

  • Capital Contribution Fee: 1401.12

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Property Condition: Very Good
  • Zoning: GENERAL RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Breed Restrictions, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5205313
  • Tax Annual Amount: 1071.53
  • Assessor Parcel Number: 334-23.06-1.00-C403
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 09/17/2019

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2014
Bought by
Pellicano Peter F and Pellicano Kelly G
Total Days on Market
4
Current Estimated Value
$1,341,129

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pellicano Peter F $799,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Veghte Robert H $740,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2019 09/17/19 Sold $925,000 0.0% $595 / Sq Ft
07/03/2019 07/03/19 Pending -- -- --
06/29/2019 06/29/19 For Sale $925,000 -- $595 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,465 $22,700 $0 $22,700
2023 $1,464 $22,700 $0 $22,700
2022 $1,424 $22,700 $0 $22,700
2021 $1,416 $22,700 $0 $22,700
2020 $1,101 $22,700 $0 $22,700
2019 $1,408 $22,700 $0 $22,700
2018 $1,072 $24,400 $0 $0
2017 $1,026 $24,400 $0 $0
2016 $1,003 $24,400 $0 $0
2015 $1,048 $26,700 $0 $0
2014 -- $26,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: DESU143320

Bright MLS

APN: 334-23.06-1.00-C403