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32 Tidewaters Road
Rehoboth Beach, DE 19971
$4,495,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3536
Property Description
Rare opportunity to reside in the sought-after coastal town of Henlopen Acres, with its award-winning tree canopy and exclusive homes offering unparalleled privacy and convenience to both the private Henlopen Acres Beach Club and the small town charm of Rehoboth Beach. Nestled between the Atlantic Ocean and the picturesque Lewes and Rehoboth Canal, this 5-bedroom and 4-bathroom home is within walking distance to downtown Rehoboth Beach and just a block and a half stroll to the private Henlopen Acres Beach Club and tennis courts. Savor ocean pine breezes while entertaining guests on the comfortable, interconnected 3-season porch, sunroom, and expansive TimberTech decks, complete with a gas line for grilling. The panoramic sunset views of the Henlopen Acres Marina and preserved wetlands create a captivating backdrop and transform your living space into a haven for relaxation and natural beauty. The interior boasts soaring beamed cathedral ceilings with skylights, towering windows, and french doors flooding the open-concept living space with natural light. Wide plank heart of pine floors and a recently converted gas fireplace enhance the main living area’s warmth. The kitchen features modern stainless steel appliances and bright white cabinets, creating a sleek and timeless aesthetic. With ample counter seating for four, the open kitchen seamlessly connects to the dining and great room. This design enhances the home’s spacious and interconnected feel, ideal for daily living and grand entertaining. Additional main level features include a spacious light-filled owner’s suite with canal views, a guest room, a full bath, a private Nanny/guest suite, a laundry room with a second refrigerator, a walk-in pantry/storage room with two entry points, and a mud room with entrances from the side drive and the back yard. The central illuminated staircase rises to two additional private guest rooms with a convenient Jack and Jill bathroom. The loft and office spaces offer versatility and functionality, while the attic provides extra storage. Experience a unique birds-eye view of the expansive great room and dining areas cascading to the inviting porch rooms, creating a harmonious flow through this thoughtfully designed home. Sited on a generously sized .52 acre lot, the stately circular front drive and second long drive provide coveted off-street parking. Mature shade trees enhance the professionally landscaped outdoor oasis. Also included is a storage room for bikes and boards, an outdoor shower, a well, and an irrigation system. Explore the potential for a pool and hardscaping, complete with a fire pit, creating the perfect setting for memorable moments with family and friends. Please come take a look and realize the limitless potential this rare opportunity will afford the discerning buyer. Be sure to preview the attached video. The Town of Henlopen Acres reserves the first right of refusal on all sales. Please find the Charter and Codes on the HenlopenAcres.Delaware.gov website detailing an architectural review process for improvements and construction in addition to rules governing rentals. An initiation fee and annual dues are required for HABC membership.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1984
MLS Number
DESU2056592
Location
Address
32 TIDEWATERS ROAD
City
REHOBOTH BEACH
State
DE
Zip Code
19971
County
SUSSEX
Listing
Provider
Ocean Atlantic Sotheby's International Realty, original listing
Name
Ocean Atlantic Sotheby's International Realty
Phone
(302) 542-6610
Office Name
Monument Sotheby's International Realty
Office Phone
(302) 227-6767
Agent Name
Jennifer Lamson

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.