40107 OWENS CT, FENWICK ISLAND

Listing Office: Ocean Atlantic Sotheby's International Realty

7 Beds, 6 Baths
$3,900,000

MLS#: DESU2001158

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!

Virtual Tour

Community:

Building Name:

School District: 
INDIAN RIVER
Structure Type: 
Detached
Style: 
Coastal
Ownership: 
Fee Simple
Year Built: 
1990
Living Area SQFT Total: 
3,600
Lot Size SQFT: 
8,712
Lot Size Acres: 
0.20
Levels: 
3.5
Bedrooms: 
7
Full Bathrooms: 
6
Association Fee (HOA): 
$3,000.00 Annually
County Tax: 
$2,483.00 annually
School Tax: 
$ 2,189.00
Parking Features: 
Paved Driveway
Construction Materials: 
Frame
Roofing: 
Architectural Shingle
Foundation: 
Pilings
Other Structures: 
Below Grade
Pool: 
Yes - Personal
Lot Features: 
Premium
Water: 
Public
Sewer: 
Public Sewer
Heating System: 
Forced Air
Cooling System: 
Central A/C
Hot Water: 
Electric

Delaware Real Estate: 40107 owens ct

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