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28046 Swallowtail Dr #19
Millsboro, DE 19966
Judith H Dourgarian with Northrop - Bethany, original listing - (888) 536-0216
$875,000
Conventional
Property
Bedroom
4
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
--
Property Description
Splendor on the Fairway ... Introducing 28046 Swallowtail Dr. Welcome to this exquisite coastal-style home, perfectly positioned on a premium lot overlooking the prestigious Jack Nicklaus Signature Golf Course. Nestled in the sought-after Peninsula community, this residence is a masterpiece of design, craftsmanship, and sophistication. This impeccably crafted Schell home built in 2021 offers an extended bump-out floor plan in the main living area and primary bedroom affording over 2500 sq ft of living and entertaining space. Step inside to discover a world of elegance, where wide-plank hardwood flooring and meticulous architectural details, including wainscoting, casings, crown molding, 5-panel doors and tray ceilings, set the tone for luxury living. Bathed in natural light from expansive windows, the great room is further elevated by a soaring vaulted ceiling, creating a grand space ideal for entertaining. Anchoring the living area is a natural gas fireplace adorned with a stunning floor-to-ceiling shiplap facade, flanked by custom built-in display cabinetry. The professional-grade kitchen is a culinary dream, showcasing custom 42""� maple cabinetry with lighted display features, soft-close drawers, and quartz countertops. A glass subway tile backsplash adds a touch of coastal charm, while the oversized quartz island with a shiplap-accented base provides both style and functionality. Professional series stainless-steel appliances include double wall ovens, a five-burner gas cooktop, range hood, a microwave, and a refrigerator. Whether enjoying casual meals at the breakfast bar, hosting a formal gathering in the dining area, or taking the party outdoors, this home offers endless options. Step into the screened porch, with a stunning open golf course vista, featuring an Eze-Breeze window system, sunshades, and a wall-mounted TV, the perfect 3-seasons space. From here, take in the sweeping golf course and garden views or move to the custom stone courtyard patio, complete with a cozy fireplace-perfect for starlit evenings with friends and family. The first-floor primary suite is a private retreat, boasting a tray ceiling, panoramic views of the courtyard and fairway, and two walk-in closets. The spa-like ensuite bath features a frameless glass walk-in shower with multiple sprayers, a built-in bench, and a dual vanity with quartz countertops and premium cabinetry. Additional main-level highlights include a private study, a stylish powder room, a well-appointed laundry room with garage access, and a charming bonus nook beneath the staircase-a delightful space for reading or play. The elegant switch-back staircase leads to the second level, creating along the way a cozy reading space on its way to a spacious loft, three guest bedrooms, a luxurious hall bath, and an expansive unfinished bonus room above the garage. This versatile space offers endless possibilities for customization-home gym, media room, or additional guest quarters and of course perfect storage. The Peninsula Lifestyle The Peninsula community spans 800 scenic acres along the Indian River Bay and offers unparalleled amenities. Enjoy fine dining at the clubhouse, complete with golf lounges, a pro shop, and breathtaking views of the Jack Nicklaus Signature Golf Course. The Lakeside Village complex features a state-of-the-art fitness center, full-service spa, indoor and outdoor pools (including an adult-only heated pool and a sandy beach wave pool), tennis and pickleball courts, a dog park, and even miniature golf. With its private bay beach and proximity to historic Lewes and the Rehoboth Beach boardwalk, the Peninsula seamlessly combines resort-style living with coastal charm.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential Common Interest-Condominium
Year Built
2021
MLS Number
--
Location
Address
28046 SWALLOWTAIL DR #19
City
MILLSBORO
State
DE
Zip Code
19966
County
SUSSEX
Listing
Name
Phone
(888) 536-0216
Office Name
Office Phone
(888) 536-0216
Agent Name
Judith H Dourgarian
Agency Phone
(888) 536-0216

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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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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.