5 Beds
4 Baths
1,200 SqFt
5 Beds
4 Baths
1,200 SqFt
Open House
Sun Nov 09, 10:00am - 12:00pm
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $1,666
Subdivision Whits Point
MLS Listing ID DESU2099602
Style Coastal
Bedrooms 5
Full Baths 4
HOA Y/N N
Abv Grd Liv Area 1,200
Year Built 1920
Annual Tax Amount $1,073
Tax Year 2025
Lot Size 1.050 Acres
Acres 1.05
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
This is a once-in-a-lifetime opportunity to own one of the best waterfront parcels on the Indian River Bay. Situated on OVER AN ACRE of land and sitting on a point with 380 ft of direct bayfront, you can happily enjoy the beautiful sunrises AND stunning sunsets.
This incredibly rare property offers the whole package! The large backyard boasts a newly installed 20 x 40 heated saltwater pool that gives the illusion of an infinity edge overlooking the bay - complete with 3 in-pool barstools, tanning ledge, turbo slide, lights, and deck jets! The covered outdoor kitchen makes it easy to serve your pool guests in style and join in on the fun, even if you're the designated grill master! You'll find the outdoor shower and bathroom are conveniently located to the expansive custom paver patio and pool so that your guests don't have to go inside when they're wet or having too much fun.
If the pool is too crowded, no problem -- the fenced in back yard is large enough to enjoy cornhole and other games or simply head on down to the newly constructed 175' dock, complete with boat lift and jet ski lift [not installed, but comes with property]. The bulkhead is also brand new and provides a personal mini-boardwalk on top to walk the property. The yard is also irrigated with a Hunter four zone unit that maybe expanded to seven zones and wifi compatible to be controlled by mobile device.
The main house is historic and charming, and if you bring your imagination, you will have one of the most epic pieces of waterfront property on the bay. There are captivating views from all angles of the home, just decide how you envision each room being used! The in-law suite is recently renovated and finished to include a stylish and modern large bedroom with wood burning fireplace, full bathroom with washer & dryer, as well as a kitchen.
The property includes approved plans for expansion, allowing you to create the ultimate waterfront retreat complete with an oversized two-car garage with apartment, large kitchen overlooking the water, 4 more bedrooms and 3 bathrooms, and an area for an office and gym. With the space this property provides, the possibilities and potential are endless! Adding to the incredible value, the property also features a FULLY renovated four-unit apartment building, with each unit currently bringing in $1,300 per month. Providing excellent rental income or guest accommodations, you could use these efficiencies as long-term leases, for family & friends, or truly capitalize and maximize the income potential by renting them through AIRBNB or VRBO!
The building provides four furnished 400 sq ft apartment units, complete with two bedrooms • 1 full bathroom • kitchenette • and living room area in each. The center unit houses washer, dryer, storage and access to the motel basement. The property owners tackled this Mid Century motel from top to bottom -- including new roof • new electric • new plumbing • new mini splits • new drywall • new insulation • new flooring • new interior & exterior doors • new windows • new gutters • new bathroom • new kitchen • and SO MUCH MORE! This building also includes cameras.
Unmatched waterfront views and the abundant amount of income potential mixed with low property taxes and a high enough elevation that floor insurance isn't even required... this type of property is like finding a needle in a haystack. It is a unique & rare gem, inviting you to see its potential and worth from all aspects.
Location
State DE
County Sussex
Area Indian River Hundred (31008)
Zoning MR
Rooms
Other Rooms Living Room, Dining Room, Primary Bedroom, Kitchen, Family Room, Den, Breakfast Room, Sun/Florida Room, Laundry, Storage Room, Additional Bedroom
Interior
Interior Features Attic, Entry Level Bedroom, Ceiling Fan(s), Crown Moldings, Efficiency, Floor Plan - Traditional
Hot Water Electric
Heating Wood Burn Stove, Heat Pump(s)
Cooling Heat Pump(s)
Flooring Carpet
Equipment Oven/Range - Electric, Refrigerator, Water Heater
Appliance Oven/Range - Electric, Refrigerator, Water Heater
Heat Source Electric
Exterior
Exterior Feature Balcony, Patio(s)
Fence Partially
Pool Heated, In Ground, Saltwater
Waterfront Description Private Dock Site
Water Access Y
Water Access Desc Boat - Powered,Canoe/Kayak,Fishing Allowed,Personal Watercraft (PWC),Private Access,Waterski/Wakeboard
View River
Accessibility 2+ Access Exits
Porch Balcony, Patio(s)
Road Frontage Public
Garage N
Building
Lot Description Bulkheaded, Subdivision Possible
Story 2
Foundation Block
Above Ground Finished SqFt 1200
Sewer Public Sewer
Water Public
Architectural Style Coastal
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Indian River
Others
Pets Allowed Y
Senior Community No
Tax ID 234-34.11-48.00
Ownership Fee Simple
SqFt Source 1200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
Virtual Tour https://www.zillow.com/view-imx/d0475f94-2b4b-4c00-a52c-d7e6e5366427?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
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REALTOR® | Lic# MD 633057 | DE RS-0038462
1131 South Salisbury Blvd. Suite B, Salisbury, MD, 21801, USA