40107 Owens Ct, Fenwick Island, DE 19944

$3,900,000
7
BD
6
BA
3,600
SqFt
List Price
$3,900,000
Days on Market
62
Status
ACTIVE
MLS#
DESU2001158
Bedrooms
7
Bathrooms
6
Full Baths
6
Living Area
3,600
Lot Size (Acres)
0.2
Style
Coastal
Year Built
1990
County
Sussex
School District
Indian River

Property Description

This exquisite beach home gives new meaning to "ONE OF A KIND! It is located in an enclave of 6 very private estate homes that are all oceanfront and or ocean view. This home features 7 bedrooms and a private pool with a cabana house. The cabana house can also be used as a private small apartment; it includes a kitchen , full bath and sleeping area. There is no need to pay oceanfront pricing when you can be just steps to the ocean and enjoy both bay front sunsets and ocean front views. The premium placement of the home allows beautiful ocean views. The home offers a large dining area, gourmet kitchen, several addition eating areas and 3 decks to be away from it all and enjoy the soothing sounds of the ocean and warm sunsets of the bay. There is an inordinate amount of sleeping space and bedrooms...the home is a "cash cow"!!!! The 2021 rental income has exceeded $201,000; upcoming rentals for 2021 should exceed $220,000. It continues to increase as the rates increase and the demand exceeds a full Summer, both shoulder seasons, holiday weekends and almost everything in between. For any investment buyers, this is a great location, amazing return on your dollar and an opportunity to own a "ONE OF A KIND" beach home. Rentals are being booked for 2022 and are filling up...buy this house and immediately have cash flow...year round!

Additional Information

Area
Baltimore Hundred (31001)
Subdivision
Curves
Taxes
$2483
HOA Fee
$3,000
HOA Frequency
Annually
Interior Features
Breakfast Area, Combination Kitchen/Dining, Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Upgraded Countertops, Window Treatments
School District
Indian River
Flooring
Carpet, Ceramic Tile, Luxury Vinyl Plank
Exterior Features
BBQ Grill, Hot Tub, Outside Shower
Pool Description
Above Ground, Domestic Water, Fenced
View
Bay, Ocean
Heating
Forced Air
Heating Fuel
Electric
Cooling
Central A/C
Roof
Architectural Shingle
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Ocean Atlantic Sotheby's International Realty.