NOT LISTED FOR SALE

1301 Coastal Hwy Unit 455 Dewey Beach, DE 19971

Estimated Value: $639,000 - $1,031,835

2 Beds
2 Baths
874 Sq Ft
$774/mo HOA Fee

Last Sold May 10, 2024

Last sale price $975,000 $1,116 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $5,515/month

1 Day on Market

Highlights

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

About This Home

As of May 2024

**4/20 OPEN HOUSE CANCELLED** Indulge in luxury living at The Residences at Lighthouse Cove. Poised majestically overlooking the tranquil expanse of Rehoboth Bay and mere steps from the pristine shores of Dewey Beach, this residence epitomizes coastal luxury living. Meticulously renovated, this 2-bedroom, 2-bathroom condominium exudes sophistication with its refined touches and attention to detail. Step inside to discover a haven of elegance, where wide-plank luxury vinyl plank floors, fresh paint, and custom window treatments throughout create an ambiance of timeless refinement. The gourmet kitchen is a culinary masterpiece, boasting a newly installed large-format subway tile backsplash, top-of-the-line stainless-steel appliances, exquisite granite countertops, and a spacious center island with a breakfast bar—perfect for culinary creations and casual dining alike. The living and dining areas provide a seamless fusion of style and functionality, offering versatile options for both grand gatherings and intimate soirées. A focal point of the space is the inviting gas fireplace, while direct access to the balcony provides vistas of Rehoboth Bay and the inviting pool below. Retreat to the primary bedroom sanctuary, complete with a luxurious ensuite bath and private access to the balcony—a serene haven for relaxation and rejuvenation. The second bedroom shares access to the hall bath, and nestled behind pocket doors is a convenient laundry center adding to the home's effortless functionality. Step outside and ascend to the rooftop plaza, where panoramic views of the ocean and bay unfold before you. Here, indulge in al fresco dining at the grilling stations, or unwind in the inviting lounge areas—each moment elevated by the coastal beauty that surrounds you. Nestled amidst a vibrant tapestry of fine dining, nightlife, boating, and outdoor pursuits, this residence offers an unparalleled lifestyle where the possibilities for leisure and recreation are limitless. Sold furnished and equipped with existing rental arrangements, this property presents a compelling investment opportunity, ensuring years of lucrative returns and cherished memories alike. **4/20 OPEN HOUSE CANCELLED**

Last Agent to Sell the Property

Nitan Soni

(302) 747-3333 nitan@coachatthecoast.com Northrop Realty License #RA-0030967 Listed on: 04/18/2024

Northrop Realty

Last Buyer's Agent

Linda Lizzio

(202) 997-1664 linda.lizzio@longandfoster.com Long & Foster Real Estate, Inc. License #RA-0020393

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $785

Year Built

  • Built in 2017

Lot Details

  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Private Beach
  • Two or More Common Walls
  • Extensive Hardscape
  • Property is in excellent condition

HOA Fees

  • $774 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • On-Street Parking
  • Parking Lot

Property Views

  • Ocean
  • Bay
  • Harbor

Home Design

  • Entry on the 4th floor
  • Flat Roof Shape
  • Frame Construction
  • Stick Built Home
  • Stucco

Interior Spaces

  • 874 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Corner Fireplace
  • Fireplace Mantel
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Transom Windows
  • Sliding Doors
  • Atrium Doors
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Luxury Vinyl Plank Tile Flooring
  • Surveillance System

Kitchen

  • Eat-In Gourmet Kitchen
  • Electric Oven or Range
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Water Dispenser
  • 60 Gallon+ Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Air Cleaner
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-23.06-1.00-V455

Community Details

Overview

  • Association fees include pool(s), trash
  • Low-Rise Condominium
  • Bc Communities Condos
  • Lighthouse Cove Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$785

Year Built

Built in 2017

Lot Details

0

HOA Fees

$774 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Inclusions: Sold furnished to include TVs, kitchenware, kitchen appliances, bedding, lamps, tables, chairs
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-04-19
  • Federal Flood Zone: Yes
  • Year Built: 2017
  • Automatically Close On Close Date: No
  • Remarks Public: **4/20 OPEN HOUSE CANCELLED** Indulge in luxury living at The Residences at Lighthouse Cove. Poised majestically overlooking the tranquil expanse of Rehoboth Bay and mere steps from the pristine shores of Dewey Beach, this residence epitomizes coastal luxury living. Meticulously renovated, this 2-bedroom, 2-bathroom condominium exudes sophistication with its refined touches and attention to detail. Step inside to discover a haven of elegance, where wide-plank luxury vinyl plank floors, fresh paint, and custom window treatments throughout create an ambiance of timeless refinement. The gourmet kitchen is a culinary masterpiece, boasting a newly installed large-format subway tile backsplash, top-of-the-line stainless-steel appliances, exquisite granite countertops, and a spacious center island with a breakfast bar—perfect for culinary creations and casual dining alike. The living and dining areas provide a seamless fusion of style and functionality, offering versatile options for both grand gatherings and intimate soirées. A focal point of the space is the inviting gas fireplace, while direct access to the balcony provides vistas of Rehoboth Bay and the inviting pool below. Retreat to the primary bedroom sanctuary, complete with a luxurious ensuite bath and private access to the balcony—a serene haven for relaxation and rejuvenation. The second bedroom shares access to the hall bath, and nestled behind pocket doors is a convenient laundry center adding to the home's effortless functionality. Step outside and ascend to the rooftop plaza, where panoramic views of the ocean and bay unfold before you. Here, indulge in al fresco dining at the grilling stations, or unwind in the inviting lounge areas—each moment elevated by the coastal beauty that surrounds you. Nestled amidst a vibrant tapestry of fine dining, nightlife, boating, and outdoor pursuits, this residence offers an unparalleled lifestyle where the possibilities for leisure and recreation are limitless. Sold furnished and equipped with existing rental arrangements, this property presents a compelling investment opportunity, ensuring years of lucrative returns and cherished memories alike. **4/20 OPEN HOUSE CANCELLED**
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Air Cleaner, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Exhaust Fan, Freezer, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Dispenser, Water Heater
  • Entry Floor: 4
  • Flooring Type: Luxury Vinyl Plank
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Crown Moldings, Elevator, Flat, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Primary Bath(s), Pantry, Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Window Treatments
  • Window Features: Insulated, Transom
  • Fireplace Features: Corner, Gas/Propane, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Door Features: Atrium, Sliding Glass
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer, Laundry
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 874
  • Living Area Sq Ft: 874
  • Price Per Sq Ft: 1115.56
  • Above Grade Finished Sq Ft: 874
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1301

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Frame, Stick Built, Stucco
  • Exterior Features: Extensive Hardscape, Private Beach, Sidewalks, Street Lights
  • Roof: Flat
  • View: Bay, Harbor, Ocean
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Paved Parking
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage, On Street, Parking Lot
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric, 60+ Gallon Tank
  • Security: 24 Hour Security, Desk In Lobby, Main Entrance Lock, Smoke Detector, Sprinkler System - Indoor, Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 774.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: BC Communities
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Pool(s), Trash
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Fenced, In Ground

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: 3rd Party
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: 3rd Party
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony, Roof
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: RES
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: Yes

Tax Info

  • School Tax: 714.00
  • Tax Annual Amount: 785.00
  • Assessor Parcel Number: 334-23.06-1.00-V455
  • Tax Total Finished Sq Ft: 874
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/10/2024

Multi Family

  • Federal Flood Zone: VE

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
May 10, 2024
Sold by
C & A Holdings Llc
Bought by
Balla Stephane M and Balla Marjatta Pamela
Seller's Agent
Nitan Soni
Northrop Realty
Buyer's Agent
Linda Lizzio
Long & Foster Real Estate, Inc.
List Price
$975,000
Sold Price
$975,000
Views
51
Current Estimated Value
$861,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$113,291
Avg. Annual Appreciation
-8.50%
Source: Public Records

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
Balla Stephane M $975,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2024 05/10/24 Sold $975,000 0.0% $1,116 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $975,000 +57.3% $1,116 / Sq Ft
08/24/2018 08/24/18 Sold $620,000 -0.8% $576 / Sq Ft View Prior Sale
07/10/2018 07/10/18 Pending -- -- --
03/27/2018 03/27/18 Price Changed $624,900 +0.8% $580 / Sq Ft
08/20/2017 08/20/17 Price Changed $619,900 -0.8% $576 / Sq Ft
07/13/2016 07/13/16 For Sale $624,900 -- $580 / 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
2025 $1,850 $0 $0 $0
2024 $1,105 $0 $0 $0
2023 $1,104 $0 $0 $0
2022 $1,077 $0 $0 $0
2021 $1,070 $0 $0 $0
2020 $1,071 $0 $0 $0
2019 $1,058 $0 $0 $0
2018 $683 $15,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2060066

Bright MLS

APN: 3342306000100V455