See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

38185 Martins Way, Ocean View, DE, 19970

5beds
5baths
2,729sqft
$1,599,900
$586price/sqft
$9,130/moest. monthly cost
$365,200/yrincome needed

About This Home

Quiet Waterfront Oasis | New Construction Coastal Retreat: Escape the hustle and bustle while staying close to it all. This stunning waterfront new construction home offers the perfect blend of privacy, luxury, and convenience—just minutes from beaches, restaurants, golf, shopping, and attractions, with easy access by boat, bike, or car. Breaking ground March 2026, this energy-efficient, quality-built custom home by the team at CRx and Select Builders will be ready to enjoy—or capitalize on rental potential - by October 2026. Designed for coastal living, the property features an in-ground heated pool, private dock, and high-end finishes throughout. The main level welcomes you with a covered front porch and entry foyer that opens into a spacious great room, gourmet kitchen, and dining area—perfect for entertaining. The great room showcases a gas fireplace with framed TV, and direct access to the covered rear porch. The kitchen features a large island, quartz countertops, GE Café appliances, and a pantry. The dining area also opens to the porch, which overlooks the canal, pool, paver patio, and offers views toward Whites Creek. The main level is completed by a private owner’s suite, powder room, laundry room, and an elevator shaft for optional installation now or in the future. The second level offers four additional bedrooms, including two ensuite bedrooms with private baths and two bedrooms sharing a bath, plus a loft-style family room. A large rear deck spans the width of the home, providing breathtaking views of the wetlands and Whites Creek. The ground level includes an oversized two-car garage, foyer with elevator access (optional), stairway to upper levels, and direct access to an outdoor shower, bar area, covered patio, storage, and the heated pool with paver patio. The fenced backyard leads to your bulkhead and canal, ideal for boating, kayaking, paddleboarding, and jet skis. Complete construction specifications and finish details are available. This home features 2,729 square feet of heated living space, 675 square feet of covered porches & decks, 275 sq. ft. paver patio, 620 feet under home for storage, and 654 feet of garage space. Total area 4,953 square feet. Start living the waterfront lifestyle in this peaceful coastal retreat—where your toughest daily decision is whether to take the car, bike, or the boat to lunch. Rental proformas available for review.

Getting Around

29
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

7/10
Selbyville Middle SchoolGrades 6-89.6 mi
6/10
Indian River High SchoolGrades 9-128.0 mi

Construction

Condition

  • Property condition: Excellent
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Pilings,Slab
  • Roof: Architectural Shingle
  • Construction materials: Stick Built

Other

  • Builder name: Select Builders

Type & Style

  • Home type: SingleFamily
  • Architectural style: Coastal
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Built-In Range,Disposal,Dishwasher,Refrigerator,Oven/Range - Gas,Range Hood,Tankless Water Heater,Water Heater
  • Laundry features: Main Level,Laundry Room

Bathroom3

  • Level: Upper

Bedroom3

  • Features: Ceiling Fan(s)
  • Level: Upper

Bedroom4

  • Features: Ceiling Fan(s)
  • Level: Upper

Bedroom5

  • Features: Ceiling Fan(s)
  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 1

Dining Room

  • Level: Main

Features

  • Dining Area,Open Floorplan,Kitchen Island,Kitchen - Gourmet,Pantry,Recessed Lighting,Upgraded Countertops,Walk-In Closet(s)
  • Flooring: Ceramic Tile,Luxury Vinyl,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Gas/Propane
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,729

Foyer

  • Level: Main

Foyer

  • Level: Lower

Great Room

  • Features: Fireplace - Gas
  • Level: Main

Half Bath

  • Level: Main

Heating & Cooling

  • Heating features: Heat Pump,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 4,953
  • Total interior livable area: 2,729 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Loft

  • Level: Upper

Other

  • Level: Upper

Primary Bathroom

  • Level: Main

Primary Bathroom

  • Level: Upper

Primary Bedroom

  • Features: Ceiling Fan(s)
  • Level: Upper

Primary Bedroom

  • Features: Ceiling Fan(s)
  • Level: Main

Screened Porch

  • Level: Main

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 13409.00261.00
  • Zoning: GR
  • Special condition: Standard

Features

  • Levels: Three
  • Stories: 3
  • Private pool: Yes
  • Pool features: Heated,Private
  • Patio & porch: Patio,Deck,Porch,Screened Porch
  • Exterior features: Extensive Hardscape,Outdoor Shower
  • Fencing: Partial
  • Has view: Yes
  • View description: Canal,Creek/Stream
  • Has water view: Yes
  • Water view: Canal,Creek/Stream
  • On waterfront: Yes
  • Waterfront features: Private Dock Site,Boat - Powered,Canoe/Kayak,Fishing Allowed,Canal
  • Waterbody name: Access Canal To Whites Creek
  • Frontage length: Water Frontage Ft: 50

Lot

  • Lot size: 6,519 sqft
  • Features: Bulkheaded,Landscaped,Stream/Creek
  • Lot size dimensions: 50 x 131 x 50 x 128

Parking

  • Total spaces: 4
  • Parking features: Garage Faces Front,Gravel,Driveway,Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Hurricane
    HurricaneRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Inland Flooding
Winter Weather
Cold Wave
Tsunami

FEMA Declared Disasters Across Delaware Counties

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,089$97,068
Home Insurance *$149$1,788
Property Taxes $591$7,092
Electricity $301$3,621
Total$9,130$109,560
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$313,028/yr
40% on housing$273,900/yr
45% on housing$243,466/yr

Delaware FAIR Plan Programs

Insurance Placement Facility of Delaware

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,170Commercial: 57
Total Premiums$607,000
Total Exposure$249.53M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.6%
5.6%
0%30.0%
Electricity Growth Rate10-year average: 8.7%
8.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$586This listing

vs Other Active Listings

Avg $/sqft

ZIP 19970$245
Sussex County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 19970
Sussex County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-12-19Listed for sale$1,599,900
2025-09-04Sold$449,000
2025-07-21Pending sale$449,000
2025-07-18Listed for sale$449,000
2016-09-28Sold$150,000

New Construction

AgentKim Hamer
BrokerageMonument Sotheby's International Realty

Similar Homes