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17275 King Phillip Way #1105, Lewes, DE, 19958

2beds
2baths
1,080sqft
$339,900
$315price/sqft
$2,208/moest. monthly cost
$88,320/yrincome needed

About This Home

Tucked within the peaceful enclave of the Reserves of Nassau, this beautifully furnished ground-floor residence offers a refined take on coastal living—where comfort, style, and simplicity come together just moments from the charm of Lewes. Step inside to discover a light-filled interior designed with a relaxed, beach-inspired aesthetic. The open-concept living space flows effortlessly, with a well-appointed kitchen featuring updated appliances, generous counter space, and everything needed to entertain or enjoy a quiet evening at home. The adjoining dining area and cozy living room create an inviting setting, perfect for gathering after a day spent along the coast. Just beyond, a screened-in porch extends the living space outdoors, offering tranquil pond views and a gentle coastal breeze. This private retreat is ideal for morning coffee, afternoon reading, or unwinding at sunset, with convenient access to parking and nearby bike storage—perfect for spontaneous rides along the Lewes–Georgetown trail. The primary suite is both spacious and serene, designed as a true retreat with ample storage and a well-appointed en-suite bath featuring double vanities and a walk-in shower. The second bedroom is equally versatile, comfortably accommodating guests or family with its current bunkbed arrangement and easy access to a full bath with a tub/shower combination. Every detail has been considered for ease of ownership, from its turnkey, fully furnished presentation to recent upgrades, including a new HVAC system in 2024. Whether used as a personal getaway or shared with guests, the home offers a sense of effortless comfort throughout. Complementing its coastal charm is a well-established and highly desirable rental profile. With a strong history of seasonal demand and confirmed bookings already secured for 2026, this property provides immediate income potential. All reservations convey with the sale, and professional management through SeaScape Residential Services ensures a smooth and stress-free transition for the new owner. This is a rare opportunity to own a thoughtfully designed coastal retreat that offers not only a place to unwind, but a lifestyle—where days are shaped by ocean air, scenic trails, and the quiet beauty of waterfront living.

Getting Around

32
WalkingCar-Dependent
0
TransitVery Limited Transit
50
BikeBikeable

Schools

--
Sussex ConsortiumGrades PK-122.5 mi
8/10
Cape Henlopen High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 2004

Materials

  • Foundation: Slab
  • Roof: Asphalt,Shingle
  • Construction materials: Frame,Vinyl Siding,Stick Built

Type & Style

  • Home type: Condo
  • Architectural style: Coastal,Contemporary
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Oven/Range - Electric,Refrigerator,Washer,Water Heater,Electric Water Heater
  • Laundry features: In Unit

Bathroom2

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s),Entry Level Bedroom,Open Floorplan,Bathroom - Stall Shower,Bathroom - Tub Shower
  • Window features: Window Treatments
  • Flooring: Luxury Vinyl,Carpet
  • Finished area below ground: 0
  • Finished area above ground: 1,080

Heating & Cooling

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

Interior Area

  • Total structure area: 1,080
  • Total interior livable area: 1,080 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Primary Bathroom

  • Level: Main

Primary Bedroom

  • Level: Main

Screened Porch

  • Level: Main

Property

Accessibility

  • Accessibility features: Doors - Swing In,Entry Slope <1',Accessible Entrance

Details

  • Parcel number: 33405.0081.001105
  • Attached to another structure: Yes
  • Zoning: C-1
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: Community
  • Patio & porch: Screened Porch
  • Has view: Yes
  • View description: Pond
  • Has water view: Yes
  • Water view: Pond

Lot

  • Features: Backs - Open Common Area

Parking

  • Parking features: Assigned,Unassigned,Parking Lot

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
  • Cold Wave
    Cold WaveRelatively High
  • Hurricane
    HurricaneRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Cold Wave
Hurricane
Inland Flooding
Winter Weather
Wildfire
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 $1,718$20,616
Home Insurance *$152$1,824
Property Taxes $87$1,044
Electricity $251$3,021
Total$2,208$26,496
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$75,702/yr
40% on housing$66,240/yr
45% on housing$58,880/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

$315This listing

vs Other Active Listings

Avg $/sqft

ZIP 19958$263
Sussex County$247

vs Homes Sold Last Month

Median $/sqft

ZIP 19958
Sussex County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-31Listed for sale$339,900
2023-03-10Sold$300,000
2023-02-18Pending sale$288,000
2023-02-16Listed for sale$288,000

For Sale by Agent

AgentIan Blyth
Brokerage360 PROPERTY SOLUTIONS

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