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$1,150,000   Price Analysis
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505 Island House Rd
Bethany Beach, DE 19930
3 bed 2 bath 1,070 SqFt ($1074/SqFt)
Built 1981
Listed 2024-01-05, HOA $1275, Taxes $1,379
May be USDA loan restricted due to income limits
near Bethany Beach

Oceanfront point unit in Sea Colony's southern most building

* No Longer For Sale *
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Island House. This is a prime floor, location and view. There are few locations as desirable as ths one, in all of Sea Colony East. From your balcony, gaze east to see the sunrise over the ocean or watch the waves roll in, look south to see the shoreline stretch on for miles. Views from the living room and owner's bedroom. You will not see other Sea Colony high rises from this location. Enjoy easy access to 2 elevators to bring you up from parking to your new oceanfront home.

3 bedroom 2 bath furnished as a 2 bedroom and den. Same size properties have done $50, 000. in Gross rental income, this home has never been rented but would make a extraordinary rental. Extensive amenities meticulously maintained. Award winning tennis and pickle ball indoor and outdoor courts. 18000 SF Fitness Center with personal trainers, fitness classes and weight and cardio room plus full gym. 12 swimming pools, 2 indoor. All situated on pristine 1/2 mi beach walking distance to downtown Bethany and its quaint boardwalk and award winning restaurants.


Presented by Ann K Baker, Broker Associate at
LONG & FOSTER - Bethany.
Listing Agent Photo

Property MLS #DESU2053664 from BrightMLS

Bedrooms: 3

Total Bathrooms: 2
Full Bathrooms: 2

Combination Dining/Living
Entry Level Bedroom
Primary Bath(s)
Primary Bedroom - Ocean Front

Dishwasher
Disposal
Dryer
Oven/Range - Electric
Refrigerator
Washer/Dryer Stacked
Water Heater
Washer Dryer Hookup: Yes

Cooling Features: Heat Pump(s)
Heating Features: Forced Air
Heating: Yes

Waterfront
Water access
Waterfront Feet: 2640

Garage Features: Additional Storage Area, Covered Parking
Parking Features: Assigned, Paved Parking, Secure Parking, Parking Garage Spaces: 1, Parking Lot, Parking Garage
Parking Total: 1

Association: Yes
Association Fee: 725
Association Fee Frequency: Quarterly
Association Fee 2: 3100
Association Fee 2 Frequency: Quarterly
Calculated Total Monthly Association Fees: 1275

School District: INDIAN RIVER

Lord Baltimore Elementary School is a public elementary school located approximately 2.8 miles away.
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Selbyville Middle School is a public middle school located approximately 9.5 miles away.
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Indian River High School is a public high school located approximately 9.6 miles away.
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Annual Tax Amount: 1369.0
Source Listing Status: Closed
County: SUSSEX
Disclaimer: Standard
Ownership: Condominium
Source Property Type: Residential
Area: SUSSEX
Property Subtype: condo
Source Neighborhood: SEA COLONY EAST
Subdivision: SEA COLONY EAST
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$33,150 + $800
$33,950
$1,379
2021$33,150 + $800
$33,950
$1,338
2020$33,150 + $800
$33,950
$1,263
2019$33,150 + $800
$33,950
$1,271
2018$33,150 + $800
$33,950
$1,283
2017$33,150 + $800
$33,950
$1,294
2016$33,150 + $800
$33,950
$1,140
2015$33,150 + $800
$33,950
$1,175
2014$33,150 + $800
$33,950
$1,157
2013$33,150 + $800
$33,950
$1,170
2011$unknown + $unknown
$33,950
$1,140

Sold 2024-05-03
$1,075,000
BrightMLS
Listed 2024-01-05
$1,150,000
BrightMLS

Year Built: 1981
Above Grade Finished Area: 1070
Building Name: Sea Colony Island House
Construction Materials: Concrete, Stone, Masonry
Property Age: 43
Levels or Stories: 1
Structure Type: Unit/Flat/Apartment
House Style: Coastal
Total Area Sqft: 1070
Elevator: Yes

Elevator

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.