1406 Coastal Hwy Unit 3-A Dewey Beach, DE 19971
2
Beds
2
Baths
893
Sq Ft
$389/mo
HOA Fee
Highlights
- Ocean View
- No Units Above
- Open Floorplan
- Rehoboth Elementary School Rated A
- Building is oceanfront but unit may not have water views
- 4-minute walk to John Waples Memorial Playground
About This Home
As of April 2025Cure the winter blues with tons of natural light and ocean views! Wake up to see the sunrise over the Atlantic every day from both bedrooms, family room, dining area, and balcony. In the evening, enjoy beautiful sunsets over the Rehoboth Bay from the balcony! With tons of natural light, this home served as the Model Unit in the Delano. This unique listing is being sold turn - key and is located on the ocean block of beautiful Rodney Avenue which is a quiet, wide-open, all-residential street. The first level features a bright bedroom, full bath, a well-equipped kitchen, dining area, and a convenient laundry space. Upstairs, you'll find a spacious primary bedroom with an en-suite bath, and a spacious open family room overlooking the first floor. Enjoy the soothing ocean breezes and people watching from your private balcony, ideally positioned to capture both sunsets over the Rehoboth Bay and sunrises over the ocean. The balcony also serves as a front row seat to the amazing July 4th firework display over the bay! Being in the heart of Dewey, this location is unbeatable. With no roads to cross, you're just steps away from Dewey’s beautiful, guarded beaches, perfect for relaxing or enjoying time with your family and friends. A vibrant selection of dining and nightlife can be found throughout the town, all within steps of the complex. This offers the ultimate convenience for socializing and dining out, however this home is far enough off the highway that you do not hear any traffic. Homeowners will appreciate the added convenience of assigned off-street parking for two vehicles. The building has a foot shower perfect for rinsing off after a beach day, two outdoor casual dining areas in the common spaces, and owner’s closets shared among the units for storing beach essentials. With a proven $40-50K consistent annual rental history (May through September), this property is an excellent investment opportunity with room for higher income if rented throughout the off-season. It has also served as a wonderful vacation home. The Delano community has a strong condo association with great management and solid reserves! Don't miss out on this rare opportunity to experience carefree Dewey Beach living…Schedule your showing today!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $696
Year Built
- Built in 1974
Lot Details
- Building is oceanfront but unit may not have water views
- No Units Above
- Property is in excellent condition
HOA Fees
- $389 Monthly HOA Fees
Property Views
- Ocean
- Bay
Home Design
- Coastal Architecture
- Contemporary Architecture
- Frame Construction
- Vinyl Siding
- Stucco
Interior Spaces
- 893 Sq Ft Home
- Property has 3 Levels
- Open Floorplan
- Furnished
- Curved or Spiral Staircase
- Vaulted Ceiling
- Ceiling Fan
- Recessed Lighting
- Insulated Windows
- Window Treatments
- Insulated Doors
- Family Room
- Combination Kitchen and Dining Room
Kitchen
- Galley Kitchen
- Breakfast Room
- Electric Oven or Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Partially Carpeted
- Ceramic Tile
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
- Walk-in Shower
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Parking
- 2 Off-Street Spaces
- Assigned parking located at #3A
- 2 Assigned Parking Spaces
Outdoor Features
- Balcony
- Exterior Lighting
Location
- Flood Risk
Schools
- Rehoboth Elementary School
- Beacon Middle School
- Cape Henlopen High School
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 334-20.18-229.00-3-A
Community Details
Overview
- $1,000 Capital Contribution Fee
- Association fees include common area maintenance, exterior building maintenance, reserve funds, trash, insurance, management
- $200 Other One-Time Fees
- 16 Units
- Low-Rise Condominium
- The Delano Condominium Association Of Unit Owners Condos
- Delano Community
- Property Manager
Amenities
- Common Area
- Community Storage Space
Pet Policy
- Dogs and Cats Allowed
Security
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 22, 2024
Closed on
Mar 31, 2025
Sold by
Jrmw Holdings Llc
Bought by
Signarovitz David and Signarovitz Kimberly
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
TIFFINI ANDERSON
Jack Lingo - Rehoboth
List Price
$849,000
Sold Price
$790,000
Premium/Discount to List
-$59,000
-6.95%
Total Days on Market
133
Views
92
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-91.38%
Original Mortgage
$592,500
Outstanding Balance
$592,500
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$56,814
Purchase Details
Closed on
Nov 22, 2024
Sold by
Wootten Gary Reed and Wootten Margaret Johnson
Bought by
Jrmw Holdings Llc
Purchase Details
Closed on
Jan 25, 2011
Bought by
Wootten Gary Reed and Wootten Margaret Johnso
Map
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Similar Homes in Dewey Beach, DE
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $790,000 | None Listed On Document | |
| Deed | $790,000 | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $592,500 | New Conventional | |
| Closed | $592,500 | New Conventional | |
| Previous Owner | $250,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | Sold | $790,000 | -1.1% | $885 / Sq Ft |
| 01/24/2025 01/24/25 | Price Changed | $799,000 | -3.1% | $895 / Sq Ft |
| 11/01/2024 11/01/24 | Price Changed | $824,900 | -2.8% | $924 / Sq Ft |
| 09/22/2024 09/22/24 | For Sale | $849,000 | -- | $951 / Sq Ft |
Source: Bright MLS
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 | $1,028 | $12,950 | $0 | $12,950 |
| 2023 | $1,028 | $12,950 | $0 | $12,950 |
| 2022 | $1,003 | $12,950 | $0 | $12,950 |
| 2021 | $997 | $12,950 | $0 | $12,950 |
| 2020 | $994 | $12,950 | $0 | $12,950 |
| 2019 | $973 | $12,950 | $0 | $12,950 |
| 2018 | $632 | $14,400 | $0 | $0 |
| 2017 | $606 | $14,400 | $0 | $0 |
| 2016 | $604 | $14,400 | $0 | $0 |
| 2015 | $578 | $14,400 | $0 | $0 |
| 2014 | $574 | $14,400 | $0 | $0 |
Source: Public Records
Source: Bright MLS
MLS Number: DESU2070686
APN: 334-20.18-229.00-3-A
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