Welcome to this charming property "The Mermaid Lounge" - a fully furnished and meticulously maintained condo that offers the ultimate beach getaway or a savvy investment opportunity with a stellar rental history! This waterfront condo, situated on the first level, has been recently updated with new carpet and beds, offering a fresh and inviting ambiance. Located in the hidden gem community, Reserves of Nassau, in the heart of Lewes conveniently off Coastal Highway for quick access to local attractions. Adjacent to the Lewes Georgetown bike trail, linking to the Junction and Breakwater Trail and Cape Henlopen State Park, leading all the way to downtown Rehoboth Beach. You are just a short bike ride away from some of the area's most beautiful beaches and stunning vistas. You are only 3 short miles from the pristine sands of Lewes Beach and the picturesque town of Lewes. Whether you're seeking a lucrative investment property or your personal coastal retreat, this condo is the perfect canvas to make your dreams come true. Step onto your private patio, overlooking the serene community pond, and savor the tranquil surroundings. Right outside your front door, you'll find the community pool, inviting you to cool off and unwind in style. The winning combination of this prime location and a proven rental income exceeding $30,000 makes "The Mermaid Lounge" a property that you simply must see to believe. Whether you're looking to invest or indulge, this condo offers endless possibilities. Opportunities like this don't come around often. Secure your piece of Lewes and enjoy the allure of coastal living.
Sold for $324,000
$324,000
17293 King Phillip Way #2105, Lewes, DE 19958
2beds
1,087sqft
Condominium
Built in 2004
-- sqft lot
$336,300 Zestimate®
$298/sqft
$1,942 Estimated rent
Home value
$336,300
$316,000 - $356,000
$1,942/mo
Zestimate® history
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$1,942/mo
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$1,942/mo
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$1,894/mo
Est. payment
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$1,894/mo
Est. payment
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List your homeWhat's special
Fully furnishedHidden gem communityWaterfront condoPrivate patioMeticulously maintained condoNew carpetCape henlopen state park
Zillow last checked:
Listing updated:
Listed by:
Brian Barrows 302-227-6767,
Monument Sotheby's International Realty,
Co-Listing Agent: Jennifer Barrows 302-227-6767,
Monument Sotheby's International Realty
Bought with:
Dustin Oldfather, RS-0017091
Compass
Christian Schaffer, RS0038583
Compass
Source: Bright MLS,MLS#: DESU2051102
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Dining Room, Primary Bedroom, Kitchen, Great Room, Bathroom 2, Primary Bathroom, Additional Bedroom
Basement
- Area: 0
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Microwave, Oven/Range - Electric, Self Cleaning Oven, Refrigerator, Dishwasher, Disposal, Washer, Dryer, Electric Water Heater
- Laundry: In Unit
Features
- Recessed Lighting
- Flooring: Vinyl, Carpet
- Doors: Insulated
- Windows: Insulated Windows
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,087
- Total interior livable area: 1,087 sqft
- Finished area above ground: 1,087
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Pool features: Community
- Has view: Yes
- View description: Pond
- Has water view: Yes
- Water view: Pond
- Waterfront features: Pond
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 33405.0081.002105
- Zoning: C-1
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Coastal
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Frame, Stick Built
- Foundation: Slab
Condition
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Private
Community & HOA
Community
- Features: Pool
- Condo and coop fee: $167 monthly
- Subdivision: Reserves Of Nassau
HOA
- Has HOA: No
- Amenities included: Pool
- Services included: Common Area Maintenance, Pool(s), Road Maintenance, Maintenance Grounds, Reserve Funds, Trash
Location
- Region: Lewes
Financial & listing details
- Price per square foot: $298/sqft
- Annual tax amount: $684
- Date on market: 11/3/2023
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Fully Furnished And Turnkey
- Ownership: Fee Simple
- Total actual rent: 30000
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2023 | Sold | $324,000+4.5%$298/sqft |
Source:  Bright MLS #DESU2051102 Report a problem | ||
| 11/7/2023 | Contingent | $310,000$285/sqft |
Source: Bright MLS #DESU2051102 Report a problem | ||
| 11/3/2023 | Listed for sale | $310,000$285/sqft |
Source: Bright MLS #DESU2051102 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 19958
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Nearby schools
GreatSchools rating
- 9/10Shields (Richard A.) Elementary SchoolGrades: K-5Distance: 2.3 mi
- NAFrederick D Thomas Middle SchoolGrades: 6-8Distance: 1.9 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- District: Cape Henlopen
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Delaware
- Sussex County
- Lewes
- 19958
- 17293 King Phillip Way Unit 2105
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