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38739 Roosevelt Ave , Selbyville, DE 19975
$3,699,000
Est. Payment: $20,229.13/mo
5 Bed
4 Bath
4500 Sqft
0.11 Acres
Status: active | Days on site: 60
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COMPASS8 - 3257685,3259181
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House Description

Luxury Waterfront Property! Wake each morning to spectacular sunrises shimmering across the water and end every evening with unobstructed, magnificent sunsets over Assawoman Bay. Perfectly positioned as the only newly built home on the street, this extraordinary custom-built waterfront residence is more than a home—it's a destination. Designed as the builder's personal residence with no expense spared, this approximately 4,500-square-foot luxury home offers five bedrooms, three full bathrooms, and a powder room, with exceptional craftsmanship and premium finishes throughout. Every detail has been thoughtfully selected to create a home that is both elegant and functional. The entry level welcomes guests with a beautiful brick foyer and provides private guest quarters with a full bathroom—ideal for family and visitors. This level also offers access to the oversized, insulated 740-square-foot garage with epoxy flooring, granite finishes, heating/air conditioning, refrigerator, stackable laundry and an outdoor shower, perfect after a day on the water or at the beach. The heart of the home is the expansive second floor, where an open-concept design seamlessly blends the living room, dining room, and gourmet kitchen while maximizing breathtaking water views. Outdoor entertaining is effortless with spacious covered & screened decks overlooking both Assawoman Bay and the canal, creating multiple spaces to relax, dine, and enjoy coastal living. The chef's kitchen is a true showpiece, featuring handcrafted Amish custom cabinetry, Level 4 Blue Wave quartz countertops, a Wolf gas range, Sub-Zero refrigerator, farmhouse sink, and an oversized island with seating for six. Specialty designer lighting, premium brass fixtures, and custom details elevate the space, making it equally suited for intimate dinners or large gatherings. This level also includes a guest bedroom and a conveniently located powder room. Occupying the top floor, the luxurious primary suite serves as a private retreat with its own waterfront deck overlooking Assawoman Bay. The suite includes an expansive dressing room with custom cabinetry and a spa-inspired bath featuring dual vanities, a custom tiled walk-in shower, and premium designer brass fixtures. Two additional guest bedrooms, a beautifully appointed full bathroom, and a thoughtfully designed laundry room—with custom cabinetry, quartz countertops, utility sink, and a three-quarter-size refrigerator—complete the upper level. Residents enjoy outstanding community amenities through a low annual HOA fee, including a private boat dock, swimming pool, playground, excess parking, dedicated boat trailer storage, and a bulkheaded beach, completing the ultimate coastal lifestyle. From its remarkable craftsmanship and luxury finishes to its panoramic water views and unmatched indoor-outdoor living spaces, this exceptional waterfront residence offers an unparalleled opportunity to own one of the area's finest homes. The home is fully integrated with smart technology, including Ring doorbell security, remote access for HVAC, alarm, garage doors, water controls, exterior security cameras, and a whole-home SONOS audio system with up to eight independently controlled zones serving the interior, decks, patios, garage, dock, boat, and even the primary bathroom. A spacious residential elevator provides effortless access to every level, while the private Hi-Tide 18,000-pound boat lift makes waterfront living exceptionally convenient for boating enthusiasts. Whether entertaining family and friends, setting out for a day on the water, or simply enjoying sunrise with your morning coffee and sunset from your private deck, this is a home where every day feels like a vacation—a true luxury destination that you have been looking for.

Highlights

Listed by Dustin Oldfather , 3022495899 and Mariya Oldfather , 3022496665 Compass , 3022734998. Bright MLS

Property Type

Residential

Lot/Acreage
0.11

HOA Fee

2000 Annually

Year Built

2024

County

Sussex

Area

Baltimore Hundred (31001)

Neighborhood

Cape Windsor

School District

Indian River

Listing ID

DESU2119234

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:3
  • ▪ 1/2 Bathrooms:1
Appliances:Built-In Microwave, Dishwasher, Disposal, Refrigerator, Extra Refrigerator/Freezer, Oven/Range - Gas, Range Hood, Washer, Dryer, Washer/Dryer Stacked, Microwave, Stainless Steel Appliances, Water Conditioner - Owned, Water Heater - High-Efficiency
Air Cond:Central A/C
Fireplaces:
Floor:Ceramic Tile,Tile/Brick,Luxury Vinyl Plank
Above Ground Sq Ft:4500
Other:
  • ▪ Main Floor Bedrooms:1
  • ▪ Additional:Bar, Bathroom - Walk-In Shower, Built-Ins, Ceiling Fan(s), Elevator, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Pantry, Primary Bath(s), Primary Bedroom - Bay Front, Recessed Lighting, Sound System, Upgraded Countertops, Walk-in Closet(s), Wet/Dry Bar, No Pet Restrictions, Pets Allowed
Water:Public

Exterior Features

Lot:Bulkheaded,Rear Yard,Not New Construction,Horse Property: No,Waterfront
Garage Capacity:7
Zoning:AR-1
Roof:Architectural Shingle
Others:
  • ▪ Additional:Exterior Lighting, Lawn Sprinkler, Outside Shower, Underground Lawn Sprinkler, Pool(s), Pier/Dock Maintenance
Sewer:Public Sewer
Parking Features:Concrete Driveway,Garage - Front Entry,Garage - Rear Entry,Inside Access,Oversized,Attached Garage,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$20,229
Taxes
$2,358
HOA
$2,000

Home Price

$3,699,000

Loan Details

30 yrs
7.271%

Down Payment

20%
$739,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$20,229.13

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $20,229.13 $2,358.11 $2,000.00 $24,587.24
Yearly $242,749.53 $28,297.35 $24,000.00 $295,046.88
Total $7,282,485.97 $848,920.50 $720,000.00 $8,851,406.47
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Selbyville, DE).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS