See Home Value
Sussex 19971
40 BEACH AVENUE
$4,500,000
● House - Off Market

40 BEACH AVENUE

REHOBOTH BEACH, DE 19971
bedrooms
7 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
4,200 Ft²
$23,435
Est. Monthly
$283
HOA / Fees
0.59%
Cap Rate

About This Property

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!
Unit Size
4,200 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$1,107
Property Type
House
Property Taxes
$319
HOA Dues
$283
Year Built
-

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Last updated: 12 months ago (Bright MLS #DESU2074170)

Price History

Date / Event Date Event Price
Apr 23, 2025 Sold
Sold
Mar 22, 2025 In contract -
In contract
Dec 13, 2024 Listed by Jack Lingo - Lewes $4,650,000
Listed by Jack Lingo - Lewes
Jul 5, 2022 Sold
Sold

Property Highlights

Elevator
Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,948
  • Lot Size Depth Feet: 550
  • Lot Size Frontage Feet: 900
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH INDIAN BEACH
  • Land Acres: 0000000114
  • Standard Land Use Code: 1001
  • County Land Use Code: RS
  • Legal Description 1: INDIAN BEACH SURF CLUB LOT 1

Neighborhood

  • School District Name: Cape Henlopen School District
  • School Tax School District: CAPE HENLOPEN
  • Census Tract: 051103

Zoning

  • Zoning: MR

Geography

  • District: CAPE HENLOPE
  • Parcel: 334-23.06-79.00
  • Lot: 1
  • Municipality: DEWEY TO LEWES EAST OF CANAL
  • Latitude: 38.6872
  • Longitude: -75.0738

    Address

  • Full Address: 40 Beach Ave
  • Address - House Number: 40
  • Address - Street Name: Beach
  • Address - Suffix Type: Ave
  • State: DE
  • City Name: Rehoboth Beach
  • Carrier Code: C011
  • 4-Digit Zip Code: 2517
  • Zip Code: 19971

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $126,652

    Appraisal Valuation

  • Standard Deviation: 0.2128
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 1,120,870
  • High Value: 1,359,417
  • Low Value: 882,322

    Market Valuation

  • Market Total Value: $38,500
  • Market Land Value: $22,000
  • Market Improvement Value: $16,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,250
  • Assessed Land Value: $11,000
  • Assessed Improvements Value: $8,250

    Sales

  • Current Sale Contract Date: Jul 01, 2022
  • Current Sale Recording Date: Jul 05, 2022
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 32263
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sussex


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 112 Houston Street, DEWEY BEACH, DE, 19971

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
112 Houston Street #B, DEWEY BEACH, DE, 19971 Listing by Corinne Redick


Frequently Asked Questions

When was property at 40 Beach Avenue built and last sold?
The property at 40 Beach Avenue was built in and last sold on Jul 1, 2022 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 40 Beach Avenue is $0.
What are some comparable homes to 40 Beach Avenue?
There are currently no comparable homes to 40 Beach Avenue.