$3,295,000
SOLD NOV 22, 2024

40087 E Oceanside Dr Unit 8 Fenwick Island, DE 19944

6 Beds
6.5 Baths
3,400 Sq Ft
$1,713/mo HOA Fee

Recently Sold

$969 Per Sq Ft

1 Day on Market

Highlights

  • 50 Feet of Waterfront
  • Ocean View
  • Pier or Dock
  • Lord Baltimore Elementary School Rated A-
  • Primary bedroom faces the ocean
  • Sandy Beach

About This Home

As of November 2024

Exquisite Oceanfront home that has been expanded to nearly double the original square footage which makes this end townhome live like a single family home. This impressive property was beautifully renovated with high end finishes and features throughout and is offered with designer furnishings. Step inside to the main living level which features an inviting floorplan with the kitchen open to the dining and living areas that spill onto the oceanfront deck, creating an ideal layout for multiple generations to gather at the beach. In addition to the sliding glass doors along the oceanfront, the windows along the south wall allow for an abundance of natural light to spill into the heart of the home. Also on this level is a den with an en-suite bathroom that could easily be a 6th bedroom along with a powder room and a home gym. Step upstairs to the grand oceanfront primary suite with expansive views of the beach both inside and out. This room offers a private deck overlooking the ocean, walk-in closet, and a spa-like bathroom with glass and tiled shower, jetted soaking tub, and double vanity. Also on this floor are two additional bedrooms with private bathrooms, laundry and a small loft area currently used as a gaming nook. The third level features a second oceanfront suite with dramatic views of the coastline, a private oceanfront balcony and en-suite bathroom. Also on this floor is a custom bunk room that will comfortably sleep 5 and another full bathroom plus additional laundry. Step directly from your oceanside deck onto the beach walkway to enjoy the sunrise over the ocean and catch captivating sunsets on the bay from your entry level deck. The covered ground level offers 2 outside showers, storage room for all of your beach necessities, and covered parking for 4 vehicles. This is a rare opportunity to have this amount of living space in Kings Grant, a community that borders both the Ocean and Bay, offering a community swimming pool and pier for fishing, crabbing, and kayak launching.

Last Agent to Sell the Property

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 10/18/2024

Long & Foster Real Estate, Inc.

Co-Listed By

Christi Arndt

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

Last Buyer's Agent

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 10/18/2024

Long & Foster Real Estate, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,065

Year Built

  • Built in 1985

Lot Details

  • 50 Feet of Waterfront
  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach

HOA Fees

  • $1,713 Monthly HOA Fees

Property Views

  • Ocean
  • Bay
  • Panoramic

Home Design

  • Coastal Architecture
  • Frame Construction
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 3,400 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Wainscoting
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Window Treatments

Kitchen

  • Gourmet Kitchen
  • Double Oven
  • Cooktop
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the ocean
  • En-Suite Bathroom
  • Hydromassage or Jetted Bathtub
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • 4 Attached Carport Spaces

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Swimming Allowed
  • Lake Privileges
  • Balcony
  • Deck
  • Outdoor Storage
  • Porch

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Propane Water Heater

Listing and Financial Details

  • Assessor Parcel Number 134-22.00-5.00-8

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, pool(s), trash, insurance
  • Kings Grant Subdivision

Recreation

  • Pier or Dock
  • Community Pool
  • Fishing Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,065

Year Built

Built in 1985

Lot Details

0

HOA Fees

$1,713 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Remarks Public: Exquisite Oceanfront home that has been expanded to nearly double the original square footage which makes this end townhome live like a single family home. This impressive property was beautifully renovated with high end finishes and features throughout and is offered with designer furnishings. Step inside to the main living level which features an inviting floorplan with the kitchen open to the dining and living areas that spill onto the oceanfront deck, creating an ideal layout for multiple generations to gather at the beach. In addition to the sliding glass doors along the oceanfront, the windows along the south wall allow for an abundance of natural light to spill into the heart of the home. Also on this level is a den with an en-suite bathroom that could easily be a 6th bedroom along with a powder room and a home gym. Step upstairs to the grand oceanfront primary suite with expansive views of the beach both inside and out. This room offers a private deck overlooking the ocean, walk-in closet, and a spa-like bathroom with glass and tiled shower, jetted soaking tub, and double vanity. Also on this floor are two additional bedrooms with private bathrooms, laundry and a small loft area currently used as a gaming nook. The third level features a second oceanfront suite with dramatic views of the coastline, a private oceanfront balcony and en-suite bathroom. Also on this floor is a custom bunk room that will comfortably sleep 5 and another full bathroom plus additional laundry. Step directly from your oceanside deck onto the beach walkway to enjoy the sunrise over the ocean and catch captivating sunsets on the bay from your entry level deck. The covered ground level offers 2 outside showers, storage room for all of your beach necessities, and covered parking for 4 vehicles. This is a rare opportunity to have this amount of living space in Kings Grant, a community that borders both the Ocean and Bay, offering a community swimming pool and pier for fishing, crabbing, and kayak launching.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Oven - Double, Refrigerator, Stainless Steel Appliances, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Washer, Water Heater
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior Amenities: Bathroom - Jetted Tub, Bathroom - Stall Shower, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Floor Plan - Open, Kitchen - Island, Kitchen - Gourmet, Primary Bath(s), Primary Bedroom - Ocean Front, Recessed Lighting, Upgraded Countertops, Wainscotting, Window Treatments, Wood Floors
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Pilings
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 3400
  • Living Area Sq Ft: 3400
  • Price Per Sq Ft: 969.12
  • Above Grade Finished Sq Ft: 3400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 40087

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 1
  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 5
  • Upper Level Bathrooms: 3.00
  • Upper Level 2 Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Upper Level 2 Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Stick Built
  • Exterior Features: Outside Shower, Secure Storage
  • View: Ocean, Bay, Panoramic
  • Water Access Features: Swimming Allowed, Fishing Allowed
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage: No
  • Parking Features: Under Home Parking
  • Attached Carport Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Carport

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: Propane
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 5139.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pier/Dock, Pool - Outdoor, Swimming Pool, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Pool(s), Trash, Insurance
  • HOA: Yes
  • Senior Community: No

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony, Porch(es), Deck(s)
  • Year Assessed: 2024
  • Zoning: HR-2
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 1843.00
  • Tax Annual Amount: 2065.00
  • Assessor Parcel Number: 134-22.00-5.00-8
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 11/22/2024

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2024
Closed on
Nov 22, 2024
Sold by
Farley James D and Farley Charlotte K
Bought by
Steven A Burka Revocable Trust and Barbara J Burka Revocable Trust
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
List Price
$3,295,000
Sold Price
$3,295,000
Views
5
Current Estimated Value
$3,269,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,000
Avg. Annual Appreciation
-1.07%
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $3,295,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 Sold $3,295,000 0.0% $969 / Sq Ft
10/19/2024 10/19/24 Pending -- -- --
10/18/2024 10/18/24 For Sale $3,295,000 -- $969 / 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 $2,066 $39,800 $0 $39,800
2023 $2,064 $39,800 $0 $39,800
2022 $2,031 $39,800 $0 $39,800
2021 $1,970 $39,800 $0 $39,800
2020 $1,880 $39,800 $0 $39,800
2019 $1,872 $39,800 $0 $39,800
2018 $1,890 $49,950 $0 $0
2017 $1,906 $49,950 $0 $0
2016 $1,680 $49,950 $0 $0
2015 $1,731 $49,950 $0 $0
2014 $1,705 $49,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2072528

Bright MLS

APN: 134-22.00-5.00-8