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38035 Water Walk Way, Selbyville, DE, 19975

3beds
3baths
2,859sqft
$1,298,000
$454price/sqft
$7,430/moest. monthly cost
$297,200/yrincome needed

About This Home

Sold fully designer-furnished inside and out with curated high-end pieces, this turn-key, black-and-white beauty stops you in your tracks with luxury and style and virtually $0 in energy bills. A fully owned solar panel system—transferred to you at zero cost with no monthly lease—combines with an electric heat pump (gas backup) and pellet stove to keep your utility costs exceptionally low while running the entire estate. Inside, the second-story main living area soars with 10-foot ceilings, Coretec LVP flooring throughout, marble countertops, inset cabinetry, a dry bar, and a library-style ladder rail in the kitchen. Thoughtful touches like pocket doors, under-cabinet lighting, a walk-in pantry, and a counter-depth built-in refrigerator keep things as functional as they are beautiful. The primary suite is a true sanctuary featuring a marble shower with dual shower heads, a vessel sink, a water closet, and a custom walk-in closet with floor-to-ceiling built-ins, a pull-out ironing board, built-in hampers, its own ladder rail, and a dedicated washer/dryer. Every additional bedroom also features a walk-in closet, while the guest bath impresses with a heated towel rack, freestanding soaking tub, and marble counter. Outside, step onto a paver patio with a built-in fireplace, covered decks, a panoramic rooftop deck, and established garden troughs that create an effortless outdoor living space—complete with direct canal access for kayaking or paddleboarding to the bay and an outdoor shower to rinse off afterward. Packed with a 2-car garage, whole-home water filter, programmable thermostat, four wall-mount TVs, and dual washer/dryer sets, this home has been thought through top to bottom. Turn the key, move right in, and start enjoying luxury living with near-zero overhead.

Getting Around

30
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

7/10
Selbyville Middle SchoolGrades 6-86.4 mi
6/10
Indian River High SchoolGrades 9-129.3 mi

Construction

Condition

  • Property condition: Excellent
  • Year built: 2017

Materials

  • Foundation: Slab
  • Roof: Architectural Shingle
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Extra Refrigerator/Freezer,Microwave,Oven/Range - Gas,Range Hood,Refrigerator,Stainless Steel Appliance(s),Washer,Washer/Dryer Stacked,Water Heater,Cooktop,Water Treat System,Electric Water Heater
  • Laundry features: Has Laundry,Upper Level,Lower Level

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 2
  • Main level bedrooms: 1

Features

  • Soaking Tub,Bathroom - Walk-In Shower,Breakfast Area,Butlers Pantry,Crown Molding,Upgraded Countertops,Walk-In Closet(s),Recessed Lighting,Kitchen - Gourmet,Open Floorplan,Family Room Off Kitchen,Dining Area,Combination Kitchen/Living,Combination Kitchen/Dining,Combination Dining/Living,Built-in Features,Attic,9'+ Ceilings,Dry Wall,Vaulted Ceiling(s)
  • Window features: Window Treatments
  • Flooring: Luxury Vinyl
  • Number of fireplaces: 1
  • Fireplace features: Pellet Stove
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,859

Heating & Cooling

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

Interior Area

  • Total structure area: 2,859
  • Total interior livable area: 2,859 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 53319.001346.00
  • Zoning: MR
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: Community
  • Patio & porch: Deck,Patio,Porch
  • Exterior features: Other,Balcony
  • Has view: Yes
  • View description: Canal,Trees/Woods,Water
  • Has water view: Yes
  • Water view: Canal,Water
  • On waterfront: Yes
  • Waterfront features: Canal,Canoe/Kayak
  • Frontage length: Water Frontage Ft: 30

Lot

  • Lot size: 0.25 Acres
  • Features: Fishing Available

Parking

  • Total spaces: 6
  • Parking features: Storage,Garage Faces Front,Inside Entrance,Asphalt,Attached,Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

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

  • Cold Wave
    Cold WaveRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Hurricane
    HurricaneModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Winter Weather
Coastal Flooding
Hurricane
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 $6,563$78,756
Home Insurance *$141$1,692
Property Taxes $410$4,920
Electricity $316$3,794
Total$7,430$89,160
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$254,742/yr
40% on housing$222,900/yr
45% on housing$198,133/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

$454This listing

vs Other Active Listings

Avg $/sqft

ZIP 19975$218
Sussex County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 19975
Sussex County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-15Price change$1,275,000
2026-06-27Listed for sale$1,298,000
2015-06-22Sold$153,000

For Sale by Agent

AgentJennifer Izzi Smith
BrokerageKeller Williams Realty

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