$499,900
SOLD SEP 15, 2025

37426 Pettinaro Dr Unit 4206 Ocean View, DE 19970

4 Beds
4 Baths
1,920 Sq Ft
$800/mo HOA Fee

Recently Sold

$260 Per Sq Ft

14% Below List Price

171 Days on Market

Highlights

  • Marina
  • Boat Ramp
  • Canoe or Kayak Water Access
  • Lord Baltimore Elementary School Rated A-
  • Home fronts navigable water
  • Fitness Center

About This Home

As of September 2025

Discover coastal waterfront living at its finest in the desirable resort community of Bethany Bay! This rarely available Penthouse end unit offers breathtaking waterfront views of the marsh, White Creek & Indian River Bay, creating a serene backdrop for luxurious living. With 4 bedrooms & 4 bathrooms, this home is the epitome of coastal elegance. Luxury vinyl flooring flows seamlessly throughout the unit main living space & bedrooms along with tile flooring in the bathrooms, creating a modern & sophisticated ambiance. The home is well-appointed with every bedroom featuring an on suite bathroom. The open floor plan is perfect for entertaining guests, with a spacious living area that showcases panoramic water views from every window. Recessed lighting adds a touch of understated elegance, while the fireplace provides a cozy focal point. The home is one of the few third floor condos to have a traditional staircase, rather than the spiral you commonly see in this layout. Additionally it boasts ample storage space in large closets, an outdoor storage closet on the screened porch, and a rare detached 1-car garage.
Enjoy outdoor living at its best on the large waterfront screened porch, perfect for enjoying morning coffee annd sunrises over the waterway. Additional outdoor space includes a front porch with pond views, ideal for capturing sensational sunsets. Lush landscaping throughout the community adds to the tranquil atmosphere. Bethany Bay offers an array of amenities, from a beautifully maintained 9-hole golf course & outdoor swimming pool, to a clubhouse with a fitness center. Water enthusiasts will appreciate the community boat ramp, kayak launch, secluded private beaches & fishing pier. Miles of nature trails, a tot lot, tennis, pickleball, basketball & volleyball courts provide endless entertainment for all ages. Conveniently located just over 5 miles to Bethany Beach and Boardwalk, this home offers a perfect blend of beach living and resort-style amenities. The Ocean View area is blossoming with amazing restaurants & shops! This condo has been a successful rental & is being sold turn key, including linens, towels & dish & cookware. Whether you're seeking a beach retreat, rental investment, or year-round residence, this property has it all. Don't miss your chance to experience the best of coastal living in Bethany Bay!

Last Agent to Sell the Property

Cassandra Rogerson

(302) 757-2310 crogerson@psre.com Patterson-Schwartz-Rehoboth License #RA-0031040 Listed on: 02/13/2025

Patterson-Schwartz-Rehoboth

Co-Listed By

Nicole Flora

(302) 234-6097 nflora@psre.com Patterson-Schwartz-Hockessin

Last Buyer's Agent

Makayla Johnson

(302) 448-0890 makaylajohnson@northroprealty.com Northrop Realty License #RS-0025375

Northrop Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $916

Year Built

  • Built in 2003

HOA Fees

Parking

  • 1 Off-Street Space
  • Front Facing Garage
  • 1 Assigned Parking Space

Home Design

  • Penthouse
  • Coastal Architecture
  • Entry on the 3rd floor
  • Vinyl Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • 1 Fireplace
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

Outdoor Features

  • Canoe or Kayak Water Access
  • Property near a bay
  • Powered Boats Permitted
  • Lake Privileges
  • Screened Patio
  • Exterior Lighting

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • More Than Two Accessible Exits
  • Home fronts navigable water
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-08.00-42.00-42-6

Community Details

Overview

  • Association fees include common area maintenance, management, pier/dock maintenance, pool(s), recreation facility, reserve funds, road maintenance, snow removal
  • Bethany Bay HOA
  • Low-Rise Condominium
  • Marshway Condo
  • Marshway Community
  • Bethany Bay Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Boat Ramp
  • Boat Dock
  • Pier or Dock
  • 1 Community Docks
  • Marina
  • Beach
  • Golf Course Membership Available
  • Tennis Courts
  • Community Basketball Court
  • Volleyball Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Jogging Path

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$916

Year Built

Built in 2003

Lot Details

0

HOA Fees

$800 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: 2+ Access Exits
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Remarks Public: Discover coastal waterfront living at its finest in the desirable resort community of Bethany Bay! This rarely available Penthouse end unit offers breathtaking waterfront views of the marsh, White Creek & Indian River Bay, creating a serene backdrop for luxurious living. With 4 bedrooms & 4 bathrooms, this home is the epitome of coastal elegance. Luxury vinyl flooring flows seamlessly throughout the unit main living space & bedrooms along with tile flooring in the bathrooms, creating a modern & sophisticated ambiance. The home is well-appointed with every bedroom featuring an on suite bathroom. The open floor plan is perfect for entertaining guests, with a spacious living area that showcases panoramic water views from every window. Recessed lighting adds a touch of understated elegance, while the fireplace provides a cozy focal point. The home is one of the few third floor condos to have a traditional staircase, rather than the spiral you commonly see in this layout. Additionally it boasts ample storage space in large closets, an outdoor storage closet on the screened porch, and a rare detached 1-car garage. Enjoy outdoor living at its best on the large waterfront screened porch, perfect for enjoying morning coffee annd sunrises over the waterway. Additional outdoor space includes a front porch with pond views, ideal for capturing sensational sunsets. Lush landscaping throughout the community adds to the tranquil atmosphere. Bethany Bay offers an array of amenities, from a beautifully maintained 9-hole golf course & outdoor swimming pool, to a clubhouse with a fitness center. Water enthusiasts will appreciate the community boat ramp, kayak launch, secluded private beaches & fishing pier. Miles of nature trails, a tot lot, tennis, pickleball, basketball & volleyball courts provide endless entertainment for all ages. Conveniently located just over 5 miles to Bethany Beach and Boardwalk, this home offers a perfect blend of beach living and resort-style amenities. The Ocean View area is blossoming with amazing restaurants & shops! This condo has been a successful rental & is being sold turn key, including linens, towels & dish & cookware. Whether you're seeking a beach retreat, rental investment, or year-round residence, this property has it all. Don't miss your chance to experience the best of coastal living in Bethany Bay!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1920
  • Living Area Sq Ft: 1920
  • Price Per Sq Ft: 260.36
  • Above Grade Finished Sq Ft: 1920
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 37426

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Exterior Lighting
  • Water Access Features: Boat - Powered, Canoe/Kayak
  • Water Access: Yes
  • Water Body Name: Whites Creek to Indian River Bay
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: Yes
  • Parking Features: Assigned
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, Off Street
  • Off Street Parking Spaces: 1

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 503.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 890.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Marshway Condo
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Boat Dock/Slip, Boat Ramp, Club House, Common Grounds, Fitness Center, Golf Course Membership Available, Jog/Walk Path, Marina/Marina Club, Pier/Dock, Pool - Outdoor, Reserved/Assigned Parking, Tennis Courts, Tot Lots/Playground, Volleyball Courts, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pier/Dock Maintenance, Pool(s), Recreation Facility, Reserve Funds, Road Maintenance, Snow Removal
  • HOA Name: BETHANY BAY HOA
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: In Ground

Schools

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

Lot Info

  • Land Lease: No
  • Outdoor Living Structures: Screened
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 916.00
  • Assessor Parcel Number: 134-08.00-42.00-42-6
  • Tax Year: 2024
  • Close Date: 09/15/2025

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2025
Closed on
Sep 15, 2025
Sold by
Letkiewicz Thomas and Vagnoni Kelsey
Bought by
St Hillaire Ann
Seller's Agent
Cassandra Rogerson
Patterson-Schwartz-Rehoboth
Buyer's Agent
Makayla Johnson
Northrop Realty
List Price
$579,900
Sold Price
$499,900
Premium/Discount to List
-$80,000
-13.8%
Views
96

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-78.41%

Purchase Details

Closed on
May 19, 2022
Sold by
Everhart John E
Bought by
Letkiewicz Thomas and Vagnoni Kelsey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
5.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2003
Bought by
D'Anna Marc A Susan M D'Anna
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 Type Sale Price Title Company
Deed $499,900 None Listed On Document
Deed $500,000 Law Office Of Saagar B Shah
Deed $339,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $427,500 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2025 09/15/25 Sold $499,900 0.0% $260 / Sq Ft
08/03/2025 08/03/25 Pending -- -- --
07/25/2025 07/25/25 Price Changed $499,900 -4.8% $260 / Sq Ft
06/19/2025 06/19/25 Price Changed $525,000 -2.6% $273 / Sq Ft
03/26/2025 03/26/25 Price Changed $539,000 -1.8% $281 / Sq Ft
03/07/2025 03/07/25 Price Changed $549,000 -5.3% $286 / Sq Ft
02/13/2025 02/13/25 For Sale $579,900 +136.7% $302 / Sq Ft
03/07/2017 03/07/17 Sold $245,000 -5.4% $125 / Sq Ft View Prior Sale
02/07/2017 02/07/17 Pending -- -- --
04/22/2016 04/22/16 For Sale $259,000 -- $132 / 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 $1,075 $21,650 $0 $21,650
2024 $933 $21,650 $0 $21,650
2023 $933 $21,650 $0 $21,650
2022 $918 $21,650 $0 $21,650
2021 $892 $21,650 $0 $21,650
2020 $856 $21,650 $0 $21,650
2019 $853 $21,650 $0 $21,650
2018 $838 $22,150 $0 $0
2017 $844 $22,150 $0 $0
2016 $775 $22,150 $0 $0
2015 $798 $22,150 $0 $0
2014 $786 $22,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2078932

Bright MLS

APN: 134-08.00-42.00-42-6