$4,500,000
SOLD APR 23, 2025

40 Beach Ave Rehoboth Beach, DE 19971

7 Beds
7.5 Baths
4,200 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$1,071 Per Sq Ft

6% Below List Price

98 Days on Market

Highlights

  • Beach
  • Rooftop Deck
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • Gourmet Kitchen
  • 1-minute walk to Delaware Seashore State Park

About This Home

As of April 2025

Introducing 40 Beach Avenue – a modern masterpiece on the ocean block of private North Indian Beach. This new home, crafted by Lane Builders in 2024, is being sold furnished and features 7 bedrooms, 7.5 baths, and 4200+/- square feet of finished indoor space spanning across 4 luxurious levels. What’s more, you’ll enjoy breathtaking views of the Rehoboth Bay and the Atlantic Ocean from your expansive Duradek rooftop deck. Every inch of this home has been customized to perfection, including custom millwork throughout, multiple wet bars, customized bathroom and kitchen cabinetry, and soft close cavity pocket doors. An upgraded lighting and electronics package by Overture Ultimate Home Electronics includes low voltage recessed lighting throughout, customizable keypads, Paradigm ceiling speakers on the fourth level, LED/OLED Sony TVs, and more. An elevator services every floor from the garage to the rooftop deck. The first level of the home features porcelain tile flooring throughout, a bedroom, bathroom with tiled shower, rec room, and wet bar with custom tile. A nod to the history of the North Indian Beach community is incorporated into the brick wall of the entryway – reclaimed from the original beach cottage that once stood on this lot. The second and third level each have 3 bedrooms with 3 ensuite bathrooms, a washer and dryer, and a tech station. The primary bathroom on the third level is wheelchair accessible with a zero-threshold shower. The living and dining area and the gourmet kitchen are on the fourth level of this state-of-the-art home – all with views of the Rehoboth Bay. The kitchen is a chef’s dream, featuring Vadara Quartz countertops with built-up edges, an 8-burner Wolf range, XO range hood, pot filler, Ruvati kitchen sinks, KitchenAid stainless steel refrigerator, microwave, wall oven, two dishwashers, a butler’s pantry and a full wet bar with ice maker, wine cooler and beverage refrigerator. There is also a powder room on this level. Steps from the kitchen is the fourth level Duradek deck with outdoor grill, refrigerator, and honed granite countertops. Follow the stairway to the best part of all – the rooftop deck with stunning views of Rehoboth Bay, Dewey Beach, and the Atlantic Ocean. With the unique allowance in North Indian Beach to build to a height of 42 feet, this home has an impressive advantage above and beyond those in neighboring Indian Beach and Dewey Beach, where 35 feet is the max. The rooftop deck has a stub for a future fire pit and wiring for outdoor speakers. It is also structurally sufficient to hold a hot tub. The garage in this home is not to be overlooked. It includes one of the three laundry stations in the home, sink with granite countertop and custom cabinetry, a drying rack, and True brand commercial-size ice machine to make filling up your beach cooler a breeze. It also houses the tank for your fire suppression system and a lead/lag booster pump to ensure consistent water pressure always flows within the home. This unbelievable home is being offered fully furnished and turn-key with high-end furnishings from Universal, Lexington, Fairfield Chair, John Thomas, Braxton Culler, Creative, and Legacy. All design work and furniture selections were done by Barbara Anderson Design and truly capture that high-end, coastal feel. Located in the intimate oceanside enclave of North Indian Beach, you’ll have access to a private, guarded beach and neighborhood security patrol. This community allows one-week rentals, meaning this property isn’t just an incredible coastal getaway for you as a primary or secondary home but also a valuable rental opportunity with the potential for $15,000 per week during prime summer weeks. Walk to everything Dewey Beach has to offer and then retreat to the calm oasis of North Indian Beach when you call 40 Beach Avenue your home away from home! Be sure to view the Drone Video and 3D Virtual Tour!

Last Agent to Sell the Property

Carrie Lingo

Jack Lingo - Lewes License #RS-0017885

Jack Lingo - Lewes

Co-Listed By

Merritt Cooch

Jack Lingo - Lewes License #RS-0023847

Last Buyer's Agent

Jordan Garcia

Long & Foster Real Estate, Inc. License #RS-0023700

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,832

Year Built

  • Built in 2024

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 90.00 x 55.00
  • Sprinkler System
  • Property is in excellent condition
  • Property is zoned MR

HOA Fees

  • $283 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • 5 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Stick Built Home

Interior Spaces

  • 4,200 Sq Ft Home
  • Property has 4 Levels
  • 1 Elevator
  • Open Floorplan
  • Wet Bar
  • Furnished
  • Sound System
  • Built-In Features
  • Wainscoting
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Dining Area
  • Stacked Washer and Dryer

Kitchen

  • Gourmet Kitchen
  • Butlers Pantry
  • Built-In Oven
  • Gas Oven or Range
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Wine Rack
  • Disposal

Flooring

  • Engineered Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Home Security

  • Home Security System
  • Exterior Cameras
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • Accessible Elevator Installed
  • Roll-in Shower
  • Roll-under Vanity

Outdoor Features

  • Outdoor Shower
  • Rooftop Deck
  • Outdoor Grill

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-23.06-79.00

Community Details

Overview

  • Association fees include common area maintenance, management, reserve funds, trash
  • North Indian Beach Community Association
  • Built by Lane Builders
  • Indian Beach Subdivision
  • Property Manager

Recreation

  • Beach

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,832

Year Built

Built in 2024

Lot Details

0

HOA Fees

$283 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator, Roll-In Shower, Roll-Under Vanity
  • Ownership: Fee Simple
  • Exclusions: 2 octopus end tables in living room.
  • Inclusions: Fully furnished, turn key.
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2, Upper 3
  • Expected On Market: 2024-12-13
  • Federal Flood Zone: Yes
  • Year Built: 2024
  • Automatically Close On Close Date: No
  • Remarks Public: Introducing 40 Beach Avenue – a modern masterpiece on the ocean block of private North Indian Beach. This new home, crafted by Lane Builders in 2024, is being sold furnished and features 7 bedrooms, 7.5 baths, and 4200+/- square feet of finished indoor space spanning across 4 luxurious levels. What’s more, you’ll enjoy breathtaking views of the Rehoboth Bay and the Atlantic Ocean from your expansive Duradek rooftop deck. Every inch of this home has been customized to perfection, including custom millwork throughout, multiple wet bars, customized bathroom and kitchen cabinetry, and soft close cavity pocket doors. An upgraded lighting and electronics package by Overture Ultimate Home Electronics includes low voltage recessed lighting throughout, customizable keypads, Paradigm ceiling speakers on the fourth level, LED/OLED Sony TVs, and more. An elevator services every floor from the garage to the rooftop deck. The first level of the home features porcelain tile flooring throughout, a bedroom, bathroom with tiled shower, rec room, and wet bar with custom tile. A nod to the history of the North Indian Beach community is incorporated into the brick wall of the entryway – reclaimed from the original beach cottage that once stood on this lot. The second and third level each have 3 bedrooms with 3 ensuite bathrooms, a washer and dryer, and a tech station. The primary bathroom on the third level is wheelchair accessible with a zero-threshold shower. The living and dining area and the gourmet kitchen are on the fourth level of this state-of-the-art home – all with views of the Rehoboth Bay. The kitchen is a chef’s dream, featuring Vadara Quartz countertops with built-up edges, an 8-burner Wolf range, XO range hood, pot filler, Ruvati kitchen sinks, KitchenAid stainless steel refrigerator, microwave, wall oven, two dishwashers, a butler’s pantry and a full wet bar with ice maker, wine cooler and beverage refrigerator. There is also a powder room on this level. Steps from the kitchen is the fourth level Duradek deck with outdoor grill, refrigerator, and honed granite countertops. Follow the stairway to the best part of all – the rooftop deck with stunning views of Rehoboth Bay, Dewey Beach, and the Atlantic Ocean. With the unique allowance in North Indian Beach to build to a height of 42 feet, this home has an impressive advantage above and beyond those in neighboring Indian Beach and Dewey Beach, where 35 feet is the max. The rooftop deck has a stub for a future fire pit and wiring for outdoor speakers. It is also structurally sufficient to hold a hot tub. The garage in this home is not to be overlooked. It includes one of the three laundry stations in the home, sink with granite countertop and custom cabinetry, a drying rack, and True brand commercial-size ice machine to make filling up your beach cooler a breeze. It also houses the tank for your fire suppression system and a lead/lag booster pump to ensure consistent water pressure always flows within the home. This unbelievable home is being offered fully furnished and turn-key with high-end furnishings from Universal, Lexington, Fairfield Chair, John Thomas, Braxton Culler, Creative, and Legacy. All design work and furniture selections were done by Barbara Anderson Design and truly capture that high-end, coastal feel. Located in the intimate oceanside enclave of North Indian Beach, you’ll have access to a private, guarded beach and neighborhood security patrol. This community allows one-week rentals, meaning this property isn’t just an incredible coastal getaway for you as a primary or secondary home but also a valuable rental opportunity with the potential for $15,000 per week during prime summer weeks. Walk to everything Dewey Beach has to offer and then retreat to the calm oasis of North Indian Beach when you call 40 Beach Avenue your home away from home! Be sure to view the Drone Video and 3D Virtual Tour!
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Washer, Built-In Range, Exhaust Fan, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Built-In Microwave, Six Burner Stove, Washer/Dryer Stacked, Icemaker, Oven - Wall, Water Heater - Tankless
  • Flooring Type: Engineered Wood, Tile/Brick
  • Interior Amenities: Butlers Pantry, Sound System, Upgraded Countertops, Built-Ins, Ceiling Fan(s), Recessed Lighting, Elevator, Floor Plan - Open, Kitchen - Island, Pantry, Primary Bath(s), Walk-In Closet(s), Wine Storage, Wood Floors, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Bathroom - Stall Shower, Dining Area, Entry Level Bedroom, Kitchen - Gourmet, Wainscotting, Sprinkler System, Wet/Dry Bar, Window Treatments
  • Fireplace: No
  • Elevators Count: 1
  • Foundation Details: Slab
  • Levels Count: 4
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 4200
  • Living Area Sq Ft: 4200
  • Price Per Sq Ft: 1107.14
  • Above Grade Finished Sq Ft: 4200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 40

Beds/Baths

  • Bedrooms: 7
  • Main Level Bedrooms: 1
  • Total Bathrooms: 8
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 7
  • Upper Level Bathrooms: 3.00
  • Upper Level 2 Bathrooms: 3.00
  • Upper Level 3 Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Upper Level 2 Full Bathrooms: 3
  • Upper Level 3 Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Exterior Features: Roof Deck, Bbq Grill, Lawn Sprinkler, Outside Shower
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Garage - Front Entry, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway, Attached Garage
  • Number of Spaces in Driveway: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Tankless
  • Security: Security System, Carbon Monoxide Detector(s), Smoke Detector, Exterior Cameras, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 3400.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Reserve Funds, Trash
  • HOA Name: NORTH INDIAN BEACH COMMUNITY ASSOCIATION
  • HOA: Yes
  • Senior Community: No

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Size Acres: 0.11
  • Lot Dimensions: 90.00 x 55.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: MR
  • In City Limits: No

Building Info

  • Builder Name: Lane Builders

Rental Info

  • Furnished: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 3486.00
  • Tax Annual Amount: 3832.00
  • Assessor Parcel Number: 334-23.06-79.00
  • Tax Total Finished Sq Ft: 924
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 04/23/2025

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: CAPE HENLOPEN

Map

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 Change Sq Ft Price
04/23/2025 04/23/25 Sold $4,500,000 -3.2% $1,071 / Sq Ft
02/18/2025 02/18/25 Price Changed $4,650,000 -3.1% $1,107 / Sq Ft
12/13/2024 12/13/24 For Sale $4,799,000 -- $1,143 / 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 $4,151 $19,250 $11,000 $8,250
2023 $1,267 $19,250 $11,000 $8,250
2022 $1,233 $19,250 $11,000 $8,250
2021 $1,225 $19,250 $11,000 $8,250
2020 $1,221 $19,250 $11,000 $8,250
2019 $1,201 $19,250 $11,000 $8,250
2018 $845 $19,250 $0 $0
2017 $810 $19,250 $0 $0
2016 $808 $19,250 $0 $0
2015 $773 $19,250 $0 $0
2014 $768 $19,250 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,500,000 Construction
Source: Public Records

Deed History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed $1,500,000 Hudson Jones Jaywork & Fisher
Deed -- --
Source: Public Records

Source: Bright MLS

MLS Number: DESU2074170

Bright MLS

APN: 334-23.06-79.00