Luxury homes on the shore
Posted by admin on February 15th, 2008
Sussex County offers you the best waterfront homes you’ve always dreamed of. Whether you’re a single retiree, living with your spouse with all kids gone or a striving family man, you will surely find the right spot by the Atlantic Coast. Delaware 55+ communities are widely known for providing high quality living and comfort for many years to come.
Long Neck is another beautiful waterfront area in Sussex County where you will find very affordable homes and lots. Average price of 2,000 square feet area properties can be anywhere from $400,000 to $650,000. Homes usually have two levels which includes 3 bedrooms and 2 bathrooms. Non-waterfront homes can go as low as $150,000 although you may be able to get a glimpse of nearby streams and forestry outside your window.
You may be baffled about making the final decision whether or not to buy that wonderful beach house and property in Rehoboth Beach. You may still be considering other beautiful waterfront lots in other Delaware communities. It is surely a tough call when all these places have their unique strengths and advantages. Here are some tips on how to get the best deal.
South Shore Marina, near the mouth of the Indian River Inlet.
A private gated community and as the name suggest, there is a marina.
Winding Creek Village, Lewes Delaware
Semi-affordable waterfront community located on Guinea Creek which flows into the Rehoboth Bay.
Cape Shores, Lewes Delaware
An exclusive beach community located on beautiful sandy beaches of the Delaware Bay directly next door to Cape Henlopen State Park.
Joy Beach, Lewes Delaware
A mixture of classic fisherman’s shanties and new construction beach homes. Both bay and canal front homes are available.
Broadkill Beach, Milton Delaware
Broadkill offers waterfront homes similar to those found in Lewes, Rehoboth and Bethany for a fraction of the price. They ain’t cheap, but you can pick one up for less than $600,000 whereas a beach block home in Lewes, Rehoboth or Bethany is more likely to fetch Millions. You might want to make your purchase quickly. Once the word gets out they too will be priced out of reach for anyone but the Gordon Gecko’s of the world.
Bay Vista, in Rehoboth Beach is a community in transition. This neighborhood is home to nearly 190 homes many of which are located along a canal or have views of Rehoboth Bay. Currently (6Nov2007) there are nine homes for sale in Bay Vista with prices ranging from $399.999 - $1,599,000. That’s quite a price spread. I’m guessing in the not so distant future many of the older smaller homes will be removed and replaced. The community also contains a small boat marina with access to the Lewes Rehoboth Canal which leads out into the Rehoboth and Delaware bays and eventually the Atlantic Ocean. A boat trip to the Ocean or Delaware Bay would take about thirty minutes on an average power boat. There are also a number of restaurants and bars which you can visit by boat including but not limited to the following list:
Irish Eyes Pub in Lewes Harbor
The Lighthouse Restaurant in Lewes Harbor
The Rusty Rudder in Dewy Beach
The Lighthouse in Dewey Beach
Serendipity Restaurant in Oak Orchard on the Indian River Bay
Click the link to see the available Bay Vista Rehoboth Beach Homes
Where are the best deals in Delaware waterfront property?
First let me tell you where they are not.
Rehoboth Beach:
It’s rare to find a waterfront home in Rehoboth for less than $3 Million Dollars.
Lewes:
Waterfront prices are not much less expensive than Rehoboth. Expect to pay at least $2.5 Million Dollars.
Dewey Beach, Bethany Beach and Fenwick Island all have similar high prices.
So where are the real Deals? The answer is Broadkill Beach, Primehook Beach and Slaughter Beach!
Broadkill Beach currently (Nov5th 2007) has 23 properties for sale ranging from $435K - $1.5 Million with an average price of $709,318 Primehook Beach currently only has one home for sale priced at $725,000 but it is a community of approximately 226 homes with similar prices to Broadkill. The town of Slaughter Beach contains 409 houses and currently 10 of them are for sale with a low price of $279,900 and a high of $850,000. The current average price for homes in Slaughter Beach is $544,760
While homes priced between $544,760 and $709,318 may not seem like a bargain to everyone they certainly are when compared to the prices in Rehoboth, Lewes and Bethany. As the old adage states “Waterfront, they aren’t makin any more of it”. Supply and demand tells us anything in limited quantities becomes more valuable. All three of these communities will be solid investments.
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