NOT LISTED FOR SALE

39405 Waters Edge Way Bethany Beach, DE 19930

Estimated Value: $453,121 - $2,440,000

4 Beds
3 Baths
3,200 Sq Ft
$566/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $1,925,000 $602 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $10,359/month

Highlights

  • 75 Feet of Waterfront
  • Marina
  • Boat Ramp
  • Lord Baltimore Elementary School Rated A-
  • Primary bedroom faces the bay
  • Fishing Allowed

About This Home

As of September 2021

Coastal-style living at its best! This custom-built waterfront home is nestled in the sought-after waterfront community of The Cove. Expansive cove and bay views. Gorgeous sunrises and sunsets and a sensational view of the Indian River Inlet Bridge. This custom-built home offers an open floor plan, coastal elegance and is well-appointed boasting many high-end quality details and features throughout including a designer gourmet commercial-grade kitchen equipped with professional-grade Thermadore and Sub Zero appliances, two dishwashers, beverage center with industrial-grade Miele built-in coffee system to brew barista-quality drinks, and wine cooler, all with carefully designed aesthetic features. Home audio system and surround sound. Additional design features include luxury bathrooms. Offering an inviting interior space with open living on the entry-level, gourmet kitchen with adjoining dining, Great Room, and generous outdoor space includes wrap-around decking and screened porch. An abundance of natural light throughout. Southern exposure. Outside shower, ample storage space for your beach and boating toys, and plenty of off-street parking for guests. Exclusive North Bethany gated community with private deep water marina and a deeded boat dock. Spacious community pool with adjoining pool house, tennis courts, and basketball courts. Lushly landscaped. One of Sussex County’s hidden gems, The Cove is a private community of only 26 waterfront homes. Rare opportunity. Private location with 18 acres of protective wetlands boarding the Northside of the community offers frequent sightings of indigenous waterfowl and peaceful wildlife. Walking distance to the beach, private beach access. Close to downtown Bethany boardwalk, shops, fabulous local restaurants, nearby nature trails/biking paths, and award-winning golf links. Easy boating access to the Indian River Bay and the Atlantic Ocean. Close to some of the finest fishing on the East Coast.

Last Agent to Sell the Property

Suzanne Macnab

(302) 228-1251 smacbeach@msn.com RE/MAX Coastal License #RS-0012856 Listed on: 08/03/2021

RE/MAX Coastal

Last Buyer's Agent

Brian Barrows

(302) 228-0204 brian@barrowsandassoc.com Monument Sotheby's International Realty License #RA-0020621

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,121

Year Built

  • Built in 1999

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 75.00 x 275.00
  • 75 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • North Facing Home
  • Landscaped
  • Cleared Lot
  • Property is zoned MR

HOA Fees

  • $333 Monthly HOA Fees

Property Views

  • Bay
  • Panoramic

Home Design

  • Coastal Architecture
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 3,200 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Built-In Features
  • 1 Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Loft
  • Crawl Space

Kitchen

  • Gourmet Kitchen
  • Butlers Pantry
  • Commercial Range
  • Dishwasher
  • Stainless Steel Appliances
  • Wine Rack
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property Near A Cove
  • Waterski or Wakeboard
  • Powered Boats Permitted
  • Lake Privileges
  • Balcony
  • Deck

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 134-05.00-470.00

Community Details

Overview

  • Association fees include common area maintenance, lawn maintenance, management, pier/dock maintenance, pool(s), road maintenance, security gate, snow removal
  • Zacharias Cove Subdivision
  • Property Manager

Recreation

  • Boat Ramp
  • Pier or Dock
  • Marina
  • Tennis Courts
  • Community Basketball Court
  • Community Pool
  • Fishing Allowed

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,121

Year Built

Built in 1999

Lot Details

0

HOA Fees

$333 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Exclusions: All artwork, wall hangings, kitchen contents, chairs in the master bedroom, and bird collection.
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 1999
  • Automatically Close On Close Date: No
  • Remarks Public: Coastal-style living at its best! This custom-built waterfront home is nestled in the sought-after waterfront community of The Cove. Expansive cove and bay views. Gorgeous sunrises and sunsets and a sensational view of the Indian River Inlet Bridge. This custom-built home offers an open floor plan, coastal elegance and is well-appointed boasting many high-end quality details and features throughout including a designer gourmet commercial-grade kitchen equipped with professional-grade Thermadore and Sub Zero appliances, two dishwashers, beverage center with industrial-grade Miele built-in coffee system to brew barista-quality drinks, and wine cooler, all with carefully designed aesthetic features. Home audio system and surround sound. Additional design features include luxury bathrooms. Offering an inviting interior space with open living on the entry-level, gourmet kitchen with adjoining dining, Great Room, and generous outdoor space includes wrap-around decking and screened porch. An abundance of natural light throughout. Southern exposure. Outside shower, ample storage space for your beach and boating toys, and plenty of off-street parking for guests. Exclusive North Bethany gated community with private deep water marina and a deeded boat dock. Spacious community pool with adjoining pool house, tennis courts, and basketball courts. Lushly landscaped. One of Sussex County’s hidden gems, The Cove is a private community of only 26 waterfront homes. Rare opportunity. Private location with 18 acres of protective wetlands boarding the Northside of the community offers frequent sightings of indigenous waterfowl and peaceful wildlife. Walking distance to the beach, private beach access. Close to downtown Bethany boardwalk, shops, fabulous local restaurants, nearby nature trails/biking paths, and award-winning golf links. Easy boating access to the Indian River Bay and the Atlantic Ocean. Close to some of the finest fishing on the East Coast.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Commercial Range, Dishwasher, Disposal, Stainless Steel Appliances, Refrigerator, Washer, Water Heater, Dryer
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Butlers Pantry, Carpet, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Pantry, Primary Bedroom - Bay Front, Primary Bath(s), Window Treatments, Wine Storage, Built-Ins
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Crawl Space
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Kitchen, Loft
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 3200
  • Living Area Sq Ft: 3200
  • Price Per Sq Ft: 500.00
  • Above Grade Finished Sq Ft: 3200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 39405

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Outside Shower
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • Spa: No
  • View: Panoramic, Street, Water, Bay
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Private Access, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: Indian River Bay
  • Water Body Type: Cove
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 75

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Type Of Parking: Driveway, 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: Public

Condo/Co-op/Association

  • HOA Fees: 4000.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Boat Ramp, Gated Community, Pool - Outdoor, Tennis Courts, Security, Basketball Courts, Marina/Marina Club, Pier/Dock, Swimming Pool, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Management, Pier/Dock Maintenance, Pool(s), Road Maintenance, Security Gate, Snow Removal
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: In Ground

Fee Information

  • Loss Mitigation Fee?: No

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 41800.00
  • Land Assessed Value: 12000.00
  • Land Use Code: RS
  • Lot Features: Cleared, Landscaping
  • Lot Size Acres: 0.46
  • Lot Dimensions: 75.00 x 275.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20038.00
  • Outdoor Living Structures: Balcony, Deck(s)
  • Year Assessed: 2021
  • Zoning: MR
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5123247
  • School Tax: 1881.00
  • Tax Annual Amount: 2121.00
  • Assessor Parcel Number: 134-05.00-470.00
  • Tax Total Finished Sq Ft: 1944
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 09/30/2021

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2021
Closed on
Sep 23, 2021
Sold by
Hudson Joanne I
Bought by
Malone Craig E and Malone Elizabeth A
Seller's Agent
Suzanne Macnab
RE/MAX Coastal
Buyer's Agent
Brian Barrows
Monument Sotheby's International Realty
List Price
$1,600,000
Sold Price
$1,925,000
Premium/Discount to List
$325,000
20.31%
Current Estimated Value
$1,812,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$112,720
Avg. Annual Appreciation
-1.49%
Original Mortgage
$1,100,000
Outstanding Balance
$1,000,918
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$811,362

Purchase Details

Closed on
Dec 8, 2010
Bought by
Hudson Carl R and Hudson Joanne L

Purchase Details

Closed on
Dec 5, 2010
Bought by
Hudson Carl R and Hudson Joanne L
Source: Public Records

Range of Values:

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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
Malone Craig E $1,925,000 None Available
Hudson Carl R -- --
Hudson Carl R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malone Craig E $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $1,925,000 +20.3% $602 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $1,600,000 -- $500 / 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 $4,560 $53,800 $12,000 $41,800
2024 $2,224 $53,800 $12,000 $41,800
2023 $2,222 $53,800 $12,000 $41,800
2022 $2,186 $53,800 $12,000 $41,800
2021 $2,072 $53,800 $12,000 $41,800
2020 $2,024 $53,800 $12,000 $41,800
2019 $2,015 $53,800 $12,000 $41,800
2018 $0 $53,800 $0 $0
2017 $2,051 $53,800 $0 $0
2016 $1,807 $53,800 $0 $0
2015 $1,863 $53,800 $0 $0
2014 $1,835 $53,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2001070

Bright MLS

APN: 134-05.00-470.00