NOT LISTED FOR SALE

17293 King Phillip Way Unit 2105 Lewes, DE 19958

2 Beds
2 Baths
1,087 Sq Ft
$167/mo HOA Fee

Last Sold November 21, 2023

Last sale price $324,000 $298 Per Sq Ft

3 Days on Market

Highlights

  • Pond View
  • Coastal Architecture
  • Furnished
  • Lewes Elementary School Rated A
  • Pond
  • Great Room

About This Home

As of November 2023

Welcome to this charming property "The Mermaid Lounge" - a fully furnished and meticulously maintained condo that offers the ultimate beach getaway or a savvy investment opportunity with a stellar rental history! This waterfront condo, situated on the first level, has been recently updated with new carpet and beds, offering a fresh and inviting ambiance. Located in the hidden gem community, Reserves of Nassau, in the heart of Lewes conveniently off Coastal Highway for quick access to local attractions. Adjacent to the Lewes Georgetown bike trail, linking to the Junction and Breakwater Trail and Cape Henlopen State Park, leading all the way to downtown Rehoboth Beach. You are just a short bike ride away from some of the area's most beautiful beaches and stunning vistas. You are only 3 short miles from the pristine sands of Lewes Beach and the picturesque town of Lewes. Whether you're seeking a lucrative investment property or your personal coastal retreat, this condo is the perfect canvas to make your dreams come true. Step onto your private patio, overlooking the serene community pond, and savor the tranquil surroundings. Right outside your front door, you'll find the community pool, inviting you to cool off and unwind in style. The winning combination of this prime location and a proven rental income exceeding $30,000 makes "The Mermaid Lounge" a property that you simply must see to believe. Whether you're looking to invest or indulge, this condo offers endless possibilities. Opportunities like this don't come around often. Secure your piece of Lewes and enjoy the allure of coastal living.

Last Agent to Sell the Property

Brian Barrows

(302) 228-0204 brian@barrowsandassoc.com Monument Sotheby's International Realty License #RA-0020621 Listed on: 11/03/2023

Monument Sotheby's International Realty

Co-Listed By

Jennifer Barrows

(302) 841-9505 jenn.barrows@oasir.net Monument Sotheby's International Realty

Last Buyer's Agent

Dustin Oldfather

(302) 249-5899 Dustin@TheOldfatherGroup.com Compass License #RS-0017091

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $684

Year Built

  • Built in 2004

HOA Fees

  • $167 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Frame Construction
  • Stick Built Home

Interior Spaces

  • 1,087 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Recessed Lighting
  • Insulated Windows
  • Insulated Doors
  • Great Room
  • Dining Room
  • Pond Views

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Pond
  • Patio

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-05.00-81.00-2105

Community Details

Overview

  • $600 Capital Contribution Fee
  • Association fees include common area maintenance, pool(s), road maintenance, lawn maintenance, reserve funds, trash
  • Low-Rise Condominium
  • Reserves Of Nassau Subdivision
  • Property Manager

Recreation

  • Heated Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$684

Year Built

Built in 2004

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Inclusions: Fully furnished and turnkey
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2004
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Oven/Range - Electric, Oven - Self Cleaning, Refrigerator, Dishwasher, Disposal, Washer, Dryer
  • Entry Floor: 1
  • Flooring Type: Vinyl, Carpet
  • Interior Amenities: Recessed Lighting
  • Window Features: Insulated
  • Fireplace: No
  • Door Features: Insulated
  • Foundation Details: Slab
  • Levels Count: 1
  • Room List: Dining Room, Primary Bedroom, Kitchen, Great Room, Bathroom 2, Primary Bathroom, Additional Bedroom
  • Basement: No
  • Total Sq Ft: 1087
  • Living Area Sq Ft: 1087
  • Price Per Sq Ft: 285.19
  • Above Grade Finished Sq Ft: 1087
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 17293

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: Frame, Stick Built
  • View: Pond
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 167.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Road Maintenance, Lawn Maintenance, Reserve Funds, Trash
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Fenced, Heated, In Ground

Fee Information

  • Capital Contribution Fee: 600.00

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Patio(s)
  • Year Assessed: 2022
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 30000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • School Tax: 620.00
  • Tax Annual Amount: 684.00
  • Assessor Parcel Number: 334-05.00-81.00-2105
  • Tax Total Finished Sq Ft: 1080
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/21/2023

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2023 11/21/23 Sold $324,000 +4.5% $298 / Sq Ft
11/03/2023 11/03/23 For Sale $310,000 -- $285 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brian Barrows

    Seller's Agent in 2023

    Brian Barrows

    OCEAN ATLANTIC SOTHEBYS

    (302) 228-0204

    133 in this area

    378 Total Sales

    Brian Barrows
    Section Image
  • Jennifer Barrows

    Seller Co-Listing Agent in 2023

    Jennifer Barrows

    OCEAN ATLANTIC SOTHEBYS

    (302) 841-9505

    79 in this area

    232 Total Sales

    Jennifer Barrows
    Section Image
  • Dustin Oldfather

    Buyer's Agent in 2023

    Dustin Oldfather

    Compass

    (302) 249-5899

    145 in this area

    1,489 Total Sales

    Dustin Oldfather
    Section Image
  • Christian Schaffer

    Buyer Co-Listing Agent in 2023

    Christian Schaffer

    Compass

    (443) 841-5019

    8 in this area

    27 Total Sales

    Christian Schaffer
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2051102

Bright MLS
Delaware Sussex County Lewes 19958

17293 King Phillip Way Unit 2105, Lewes, DE

This home is located at 17293 King Phillip Way Unit 2105, Lewes, DE 19958 since 03 November 2023. This property was built in 2004. 17293 King Phillip Way Unit 2105 is a home located in Sussex County with nearby schools including Lewes Elementary School, Mariner Middle School, and Cape Henlopen High School.

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