38706 RIVER ROAD, OCEAN VIEW, DE 19970
NONE AVAILABLE · SUSSEX County
Key Facts
Description
Just steps from the Indian River Bay and the VFW, this fully renovated 1950s beach cottage in Ocean View offers a rare blend of vintage charm, thoughtful modern upgrades, income potential, and future development opportunity with a second buildable lot. From the moment you arrive, the character of this home is evident, surrounded by lush landscaping, mature greenery, and a variety of fruit trees that create a peaceful, private coastal retreat. The main house is filled with warmth and personality, featuring hardwood floors, exposed beams, and rich wood paneling that honor its original character, while key updates provide comfort and functionality. The inviting living space is anchored by a brick accented fireplace with a wood burning stove, perfect for cozy evenings year round. Renovated bathrooms, updated wiring throughout, beautiful tile flooring, ceiling fans in every bedroom, and central AC ensure the home lives as comfortably as it looks. The eat in kitchen is both charming and functional, complete with a Viking range and ample space to gather. As an added bonus, you will even enjoy a slight bay peek through the kitchen window while doing dishes, a subtle reminder of just how close you are to the water. Adding to the property’s versatility is the detached 2 car garage, which has been thoughtfully converted into a successful Airbnb suite known as the Surf Shack. This private guest space includes a bedroom, full bath, mini split system, and new roof, and has consistently generated $18,000 to $25,000 annually, making it ideal for supplemental income, guest accommodations, or a private retreat. The outdoor setting is equally impressive. The 20 by 40 ft in ground pool is perfectly positioned on the second buildable lot, offering endless potential, whether you envision building an additional home, expanding outdoor living space, or simply enjoying the extra privacy and flexibility of owning nearly 3 tenths of an acre in this desirable location. With close proximity to the Indian River Bay, local favorites, and just minutes to Bethany Beach, this property truly offers the best of coastal living, whether you are searching for a primary residence, vacation getaway, or investment opportunity. Opportunities like this are few and far between. Do not miss your chance to own a unique piece of Delaware beach history with room to grow.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1958
Living Area
1,900 sq ft
Lot Size
0.69 acres
Lot Dimensions
170 x 100 and 103 x 128
Garage Spaces
2
Parking Spaces
2
Zoning
MR
Days on Market
77
MLS® Listing#
DESU2106310
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Pool
Parking
Construction
Foundation
Other Structures
Sewer
Water Source
Schools
- Elementary:
- LORD BALTIMORE
- Middle:
- SELBYVILLE
- High:
- INDIAN RIVER
- District:
- INDIAN RIVER
Financial Details
HOA
None
Annual Taxes
$1,460
Parcel Number
134-05.00-195.00
Directions
Head north on Cedar Neck Road, continue to River Road which will be on the left. Property is the first home on the right.
Affordability Calculator
$170,000
Estimated monthly payment
$4,524/mo
Principal $680,000 · Est. interest $948,661 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in OCEAN VIEW, DE
- $527,273
- Median Listing Price
- 68
- Median Days on Market
- 1,929
- Median Sq Ft
- $282
- Median Price / Sq Ft
- 134
- Active Listings
- This home’s price is 61% above the area median.
- Its price per sq ft is 59% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in OCEAN VIEW, DE.
Location
Points of Interest in OCEAN VIEW, DE
Showing the OCEAN VIEW area map.
Nearby Schools
Lord Baltimore Elementary School
Elementary · 3.1 mi away
Childrens Place Child
School · 6.6 mi away
Long Neck Elementary School
Elementary · 6.7 mi away
Rehoboth Elementary School
Elementary · 8.6 mi away
Indian River High School
Secondary · 8.8 mi away
Indian River School District
Secondary · 9.1 mi away
Carver G W Educational Center
School · 9.1 mi away
Clayton (John M.) Elementary School
Elementary · 9.3 mi away
Epworth Preschool
School · 9.4 mi away
Beacon Middle School
Secondary · 9.7 mi away
Discovery Island Early Care & Preschool
School · 10.1 mi away
Lighthouse Christian School
School · 10.4 mi away
Indian River School District
Elementary · 10.8 mi away
East Millsboro Elementary School
Elementary · 10.9 mi away
Selbyville Middle School
Secondary · 11.1 mi away
Phillip C Showell Elementary School
Elementary · 11.4 mi away
Millsboro Middle School
Secondary · 11.4 mi away
Southern Delaware School of the Arts
Elementary · 11.8 mi away
Indian River School District
School · 11.8 mi away
Cape Henlopen School District
School · 12.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 77 WEST AVENUE, OCEAN VIEW, DE | $599,000 | 4 | 2 | 1,523 |
| 10 GOLDEN EAGLE DRIVE, OCEAN VIEW, DE | $599,000 | 4 | 2 | 1,954 |
| 32274 SUNDANCE CIRCLE, OCEAN VIEW, DE | $604,900 | 3 | 2 | 1,661 |
| 22694 GREBE LANE, OCEAN VIEW, DE | $615,000 | 3 | 3 | 2,800 |
| 38885 CEDAR WAXWING LANE, OCEAN VIEW, DE | $615,000 | 3 | 3 | 2,600 |
| 118 S ORLANDO AVENUE, OCEAN VIEW, DE | $619,000 | 5 | 2 | 2,000 |
Moving Cost Estimate
EXIT Agents in OCEAN VIEW
Listing Courtesy: Keller Williams Realty - 3023600300