OFF MARKET

Off market mar 2022 for $915K

$1,151,023

•

2,400

sq ft

9 Waters Edge-40078 Pelican Rd, Fenwick Island, DE 19944

About this home

This amazing stretch of private communities feature the most sought after residences; all on the ocean or the bay yet a short bike ride or drive into both Bethany Beach and Fenwick Island. Both small towns offer eclectic shopping and a wide variety of restaurants. Waters Edge is a quaint community of only 17 townhomes located directly on the bay ad feature beautiful ocean views as well. 9 Waters Edge is even sweeter; an end unit with 180' of ocean and bay views, from sunrise to sunset. An entire floor is designated owners suite including a private bay front deck, sitting area in the master bedroom and study area. At the end of the day; soak in the steeping tub overlooking the ocean. The home is used both by the owners and some rentals are booked each summer. 2021 Rental contracts are to be honored. Whether year round or seasonal Waters Edge has a place in your future.

TownhomeProperty Type

2001Year Built

$480Est. Price/Sq.Ft.

2 spacesParking

Listed by Lauren ALBERTI • Monument Sotheby's International Realty

•302-227-6767 (broker)

•justin.healy@msir.net (broker)

Bought with LESLIE KOPP • Long & Foster Real Estate, Inc.

•302-539-9040 (broker)

Redfin checked: 2 minutes ago

•Source:BRIGHT MLS #DESU181888

Redfin Estimate

$1,151,023

$236K since sold in March 2022$107K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 27% lower than the average sale price ($1.58M) of 6 comparable homes.

SOLD JUL 15, 2026
$1,450,000
A
4 beds3.5 baths1,800 sq ft
306 W 8th St, Bethany Beach, DE 19930
SOLD JUL 31, 2026
$1,750,000
B
4 beds3 baths2,200 sq ft
309 W 5th St, Bethany Beach, DE 19930
SOLD OCT 8, 2026
$725,000
C
4 beds3 baths1,700 sq ft
35207 Hassell Ave, Bethany Beach, DE 19930
SOLD JUL 22, 2026
$1,408,000
D
4 beds3.5 baths2,971 sq ft
207 W 11th St, Bethany Beach, DE 19930
SOLD APR 17, 2026
$2,050,000
E
4 beds4 baths2,504 sq ft
310 W 2nd, Bethany Beach, DE 19930
SOLD APR 14, 2026
$2,075,000
F
4 beds3 baths2,750 sq ft
20 S Anchorage Ave, Bethany Beach, DE 19930

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Earn from this home

Sell

$415,870

Est. take-home

List your home with Redfin and save $11,510

Rent

$2,653/mo

Redfin rental estimate

List your home for rent

Market trends in 19944, DE

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

94.8%

+1.1% MoM

Median sale price

$1.2M

$28K MoM

Avg. days on market

36d

32 days MoM

Recently sold homes

1 MoM

New listings for sale

OPEN SUN, 10AM TO 2PM
$1,825,000
3 beds3 baths1,750 sq ft
40107 E Oceanside Dr #31, Fenwick Island, DE 19944
(302) 539-0800
$1,314,900
4 beds3.5 baths2,400 sq ft
40004 Pelican Rd #7, Fenwick Island, DE 19944
(410) 524-6400
See all

Provided by Redfin

Sale history for 9 Waters Edge-40078 Pelican Rd

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Townhouse

County

Sussex County

APN

134-22.00-2.00-9

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on May 23, 2023.

Medium-Density Residential

The purpose of this district is to provide for medium-density residential development in areas which are or which are expected to become generally urban in character, but where sanitary sewers and public water supplies may or may not be available at the time of construction, together with such churches, recreational facilities and accessory uses as may be necessary or are normally compatible with residential surroundings. The district is located to protect existing development of this character and contains vacant land considered appropriate for such development in the future.

Permitted uses

Include but are not limited to:

Greenhouse / nursery
Religious facility
Housing-Single unit
Golf related
Park & open space

Property details

Parking

Parking Information
# of Attached Carport Spaces: 2
# of Total Garage and Parking Spaces: 2
# of Carport Spaces: 2
Attached Carport

Interior

Bedroom Information
# of Bedrooms On 2nd Upper Level: 1
# of Bedrooms On Main Level: 3

Bathroom Information
# of Bathrooms (Full) On 2nd Upper Level: 1
# of Bathrooms (Half) On Main Level: 1
# of Bathrooms (Full) On Main Level: 2
# of Bathrooms (Full) On All Upper Levels: 1
# of Bathrooms (Half): 1
# of Bathrooms (Full): 3

Interior Information
Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer - Electric
Door Features: Sliding Glass
Flooring Type: Carpet, Ceramic Tile
Furnished
Interior Features: Breakfast Area, Carpet, CeilngFan(s), Combination Dining/Living, Floor Plan - Open, Kitchen - Island, Kitchen - Eat-In, Master Bedroom - Bay Front, Master Bedroom - Ocean Front, Window Treatments
Living Area Sq.Ft. Source: Estimated

Room Information
Laundry Type: Washer In Unit, Dryer In Unit

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Gas/Propane, Mantel(s)

Basement Information
Basement: No

Exterior

Property Information
Federal Flood Zone
Property Manager Present
Total Below Grade Sq. Ft.: 0
Accessibility Features: 32"+ wide Doors
Horse: No
Improvement Assessed Value: $37,650
Ownership Interest: Condominium
Property Condition: Good
Year Built Source: Assessor

Building Information
Building Name: NONE AVAILABLE
Construction Materials: Stick Built
Foundation Details: Pilings
Main Entrance Orientation: East
Other Structures: Above Grade, Below Grade
Pets Allowed: Yes
Pet Restrictions: No Pet Restrictions
Roof: Architectural Shingle
Structure Type: End of Row/Townhouse
Window Features: Screens, Sliding, Transom
Building Not Winterized

Exterior Information
BBQ Grill, Outside Shower

Lot Information
Lot Features: Premium, Tidal Wetland
Lot Size Dimensions: 0.00 x 0.00
Lot Dimensions Source: Assessor
Navigable Water
Has Water View
Water Frontage In Feet: 100
Tidal Water: Yes

Land Information
Land Assessed Value: $8,800

Above Grade Information
Finished Sq.Ft.: 2,400
Finished Sq.Ft. Source: Estimated

Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor

Financial

Tax Information
Agricultural Tax Due: Yes
County Tax: $168
School Tax: $1,317
Tax Assessed Value: $37,650
Tax Year: 2021
Tax Annual Amount: $1,484

Assessments Information
Year Assessed: 2021

Lease Information
Lease Considered: No

Rental Information
Total Actual Rent: $15,000

Utilities

Utilities Information
Cable
Central Air
Cooling Type: Central A/C, Heat Pump(s)
Cooling Fuel: Electric
Heat Pump(s)
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Septic
Cable TV, Phone, Propane
Water Source: Public
Municipal Trash: No

Location

Homeowners Association Information
Condo/Coop Fee: $2,700
Condo/Coop Fee Frequency: Quarterly
HOA/Condo/Coop Management Type: Professional - Off-site
HOA/Condo/Coop Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Lawn Maintenance, Pier/Dock Maintenance, Road Maintenance, Snow Removal, Trash
HOA/Condo/Coop Amenities: Pier/Dock, Reserved/Assigned Parking, Water/Lake Privileges

School Information
School District Name: INDIAN RIVER
School District Source: Listing Agent

Location Information
Outside City Limits
Sussex DE Quadrants: Between Rt 1 & 113
Directions: Coastal Highway - turn west into Waters Edge. 9 waters edge is the northern end unit directly on the bay.
Location Type: Bayfront
Road Responsibility: Private
Road Surface Type: Black Top

Waterfrontage Information
Water Access Features: Canoe/Kayak, Private Access
Water Access
On Waterfront
Water Oriented
Water Body Type: Bay
Water Body Name: Little Assawoman Bay and Atlantic Ocean

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Townhouse
Year Built: —
Year Renovated: —
County: Sussex County
APN: 134-22.00-2.00-9

Home facts updated by county records on May 23, 2023

Other

Miscellaneous Information
Vacation Rental

Around this home

Schools

Lord Baltimore Elementary School

Public K-5 • Assigned • 4.5mi

8/10

Selbyville Middle School

Public 6-8 • Assigned • 8.6mi

7/10

Indian River High School

Public 9-12 • Assigned • 10.2mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

10/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

8/10 Heat Factor

6 days above 100° expected this year, 16 days in 30 years

8/10 Wind Factor

80% chance of strong winds in next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Fenwick Island, DE • 19944

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 5.5 hours in December, which is comparable to the U.S. average for solar exposure.

9.2 hrs

5.5 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.09M – $1.32M

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Nearby similar homes

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New listings for sale in 19944

OPEN SUN, 10AM TO 2PM

$1,825,000

3 beds3 baths1,750 sq ft

40107 E Oceanside Dr #31, Fenwick Island, DE 19944

$1,727 HOA • 3 parking spots • Community pool

(302) 539-0800

$1,314,900

4 beds3.5 baths2,400 sq ft

40004 Pelican Rd #7, Fenwick Island, DE 19944

Bayfront townhome • Unobstructed views • Remodeled kitchen

(410) 524-6400

Home values near 9 Waters Edge-40078 Pelican Rd

Data from public records.

Address	Redfin Estimate
40010 Pelican Rd Apt 2, Fenwick Island, DE - Beds \| 5 Baths \| 960 Sq. Ft.	$1,055,460
40010 Pelican Rd Apt 3, Fenwick Island, DE 4 Beds \| 3.5 Baths \| - Sq. Ft.	$1,093,305

Address	Redfin Estimate
40004 Pelican Rd Apt 4, Fenwick Island, DE - Beds \| 5 Baths \| 960 Sq. Ft.	$1,141,686
40004 Pelican Rd Apt 6, Fenwick Island, DE 4 Beds \| 3.5 Baths \| 3200 Sq. Ft.	$1,307,362

Address	Redfin Estimate
40010 Pelican Rd Apt 1, Fenwick Island, DE - Beds \| 5 Baths \| 960 Sq. Ft.	$766,822
40004 Pelican Rd Apt 5, Fenwick Island, DE - Beds \| 5 Baths \| 960 Sq. Ft.	$1,001,461

Property information provided by BRIGHT MLS when last listed in 2021. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 19944, DE

Sale history for 9 Waters Edge-40078 Pelican Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 19944

Home values near 9 Waters Edge-40078 Pelican Rd

More real estate resources