NOT LISTED FOR SALE

29592 Cove Way Bethany Beach, DE 19930

Estimated Value: $565,158 - $2,206,000

5 Beds
3.5 Baths
2,144 Sq Ft
$770/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $1,460,000 $681 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $9,285/month

529 Days on Market

Highlights

  • 112 Feet of Waterfront
  • Marina
  • Access to Tidal Water
  • Lord Baltimore Elementary School Rated A-
  • Primary bedroom faces the bay
  • Private Beach

About This Home

As of October 2020

This timeless Bayfront home with Nantucket inspired architecture creates an idyllic waterfront residence. The spacious open floor plan with soaring ceilings and window lined walls maximize panoramic views of the water and natural wetlands. This impressive property boasts 112 feet of bulkheaded waterfront which offers easy access to the Indian River inlet. Featuring a desirable floorplan with a master suite on the top floor as well as a second bedroom or office and 3 bedrooms and 2 full bathrooms on the floor below. This home is perfect for comfortably entertaining with plenty of space both indoors and out with a huge second living room with a wet bar and an expansive bayside deck. This home offers the convenience of an attached garage as well as a ground level pantry with a second refrigerator and sink. Desirably located on a quiet street in a North Bethany community with a private beach, tennis courts and a marina, this home is offered fully furnished.

Last Agent to Sell the Property

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 02/27/2019

Long & Foster Real Estate, Inc.

Co-Listed By

Christi Arndt

Long & Foster Real Estate, Inc. License #RS-0023120

Last Buyer's Agent

VICKIE YORK

VICKIE YORK AT THE BEACH REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,952

Year Built

  • Built in 1972

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 112 x 150 x 112 x 159
  • 112 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Private Beach
  • East Facing Home
  • Landscaped

HOA Fees

  • $108 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Gravel Driveway

Home Design

  • Coastal Architecture
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Cedar

Interior Spaces

  • 2,144 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Wet Bar
  • Furnished
  • Vaulted Ceiling
  • Recessed Lighting
  • 1 Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Great Room
  • Wood Flooring
  • Bay Views
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Down Draft Cooktop
  • Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • Primary bedroom faces the bay

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Personal Watercraft
  • Bulkhead
  • Powered Boats Permitted
  • Lake Privileges
  • Deck

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Oil
  • Vented Exhaust Fan
  • 100 Amp Service
  • Private Water Source
  • Electric Water Heater

Additional Features

  • More Than Two Accessible Exits
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 33
  • Assessor Parcel Number 134-05.00-132.00

Community Details

Overview

  • Association fees include reserve funds, management, common area maintenance, insurance, trash
  • Cotton Patch Hills Subdivision
  • Property Manager

Recreation

  • Marina
  • Beach
  • Tennis Courts
  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,952

Year Built

Built in 1972

Lot Details

0

HOA Fees

$108 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Remarks Public: This timeless Bayfront home with Nantucket inspired architecture creates an idyllic waterfront residence. The spacious open floor plan with soaring ceilings and window lined walls maximize panoramic views of the water and natural wetlands. This impressive property boasts 112 feet of bulkheaded waterfront which offers easy access to the Indian River inlet. Featuring a desirable floorplan with a master suite on the top floor as well as a second bedroom or office and 3 bedrooms and 2 full bathrooms on the floor below. This home is perfect for comfortably entertaining with plenty of space both indoors and out with a huge second living room with a wet bar and an expansive bayside deck. This home offers the convenience of an attached garage as well as a ground level pantry with a second refrigerator and sink. Desirably located on a quiet street in a North Bethany community with a private beach, tennis courts and a marina, this home is offered fully furnished.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop - Down Draft, Dishwasher, Disposal, Dryer, Exhaust Fan, Extra Refrigerator/Freezer, Icemaker, Microwave, Oven - Wall, Refrigerator, Trash Compactor, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Hardwood
  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Primary Bedroom - Bay Front, Recessed Lighting, Window Treatments, Wood Floors, Wet/Dry Bar
  • Window Features: Insulated, Screens
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Crawl Space, Block
  • Levels Count: 2
  • Room List: Great Room
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2144
  • Living Area Sq Ft: 2144
  • Price Per Sq Ft: 697.29
  • Above Grade Finished Sq Ft: 2144
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 29592

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 3
  • Lower Level Bedroom: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 2
  • Lower Levels Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Cedar
  • Exterior Features: Outside Shower, Private Beach
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • View: Bay
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 112

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Gravel Driveway
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Private/Community Water

Condo/Co-op/Association

  • HOA Fees: 1300.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Marina/Marina Club, Tennis Courts, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Reserve Funds, Management, Common Area Maintenance, Insurance, Trash
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 31900.00
  • Land Assessed Value: 20000.00
  • Land Use Code: RS
  • Lot Features: Bulkheaded, Landscaping
  • Lot Size Acres: 0.40
  • Lot Dimensions: 112 x 150 x 112 x 159
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17304.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2020
  • Zoning: L
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Total Actual Rent: 48000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5122818
  • School Tax: 1721.00
  • Tax Annual Amount: 1952.00
  • Assessor Parcel Number: 134-05.00-132.00
  • Tax Lot: 33
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 10/02/2020

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2025
Sold by
Smith James B and Breslin Janet E
Bought by
James B Smith Trust
Current Estimated Value
$1,651,040

Purchase Details

Listed on
Feb 27, 2019
Closed on
Oct 2, 2020
Sold by
Aqueous Properties Llc
Bought by
Smith James B and Breslin Janet E
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
VICKIE YORK
VICKIE YORK AT THE BEACH REALTY
List Price
$1,495,000
Sold Price
$1,460,000
Premium/Discount to List
-$35,000
-2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.11%
Original Mortgage
$760,000
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 30, 2010
Bought by
Aqueous Properties Llc & Aqueous Properties T

Purchase Details

Closed on
Jun 15, 2010
Bought by
Aqueous Properties Llc & Aqueous Properties T
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
James B Smith Trust -- None Listed On Document
Smith James B $1,460,000 None Available
Aqueous Properties Llc & Aqueous Properties T $1,500,000 --
Aqueous Properties Llc & Aqueous Properties T $1,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith James B $760,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2020 10/02/20 Sold $1,460,000 -2.3% $681 / Sq Ft
08/09/2020 08/09/20 Pending -- -- --
10/08/2019 10/08/19 Price Changed $1,495,000 0.0% $697 / Sq Ft
10/08/2019 10/08/19 For Sale $1,495,000 +2.4% $697 / Sq Ft
06/18/2019 06/18/19 Off Market $1,460,000 -- --
02/27/2019 02/27/19 For Sale $1,595,000 -- $744 / 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 $2,170 $51,900 $20,000 $31,900
2023 $2,144 $51,900 $20,000 $31,900
2022 $2,109 $51,900 $20,000 $31,900
2021 $2,045 $51,900 $20,000 $31,900
2020 $1,952 $51,900 $20,000 $31,900
2019 $1,943 $51,900 $20,000 $31,900
2018 $1,962 $51,900 $0 $0
2017 $1,979 $51,900 $0 $0
2016 $1,744 $51,900 $0 $0
2015 $1,797 $51,900 $0 $0
2014 $1,770 $51,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU133018

Bright MLS

APN: 134-05.00-132.00