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32198 Ivory Gull Way, Millsboro, DE, 19966

4beds
5baths
3,586sqft
$720,000
$201price/sqft
$4,304/moest. monthly cost
$172,160/yrincome needed

About This Home

Introducing 32198 Ivory Gull Way in the sought-after Peninsula Lakes community, a stunning Schell Brothers Mallory/Kincade home gracefully positioned along one of the neighborhood’s picturesque lakes, offering tranquil water views and exceptional living space across three beautifully finished levels. Impeccably maintained and thoughtfully updated, this 4-bedroom, 4.5-bath residence feels fresh and inviting, with recently painted interiors throughout the main and upper levels enhancing its like-new appeal. A welcoming front porch sets the tone for what awaits inside. Rich hand-scraped hardwood flooring flows throughout the main level, creating warmth and cohesion. The two-story foyer is flanked by a private home office with French doors, ideal for today’s flexible lifestyle. Beyond, the light-filled great room unfolds, framed by expansive picture windows that capture panoramic lake views. A detailed fireplace and custom built-in feature wall anchor the space, blending comfort with refined craftsmanship. The gourmet kitchen is truly the heart of the home. A dramatic boomerang-shaped island with a deep farmhouse sink and breakfast bar seating commands attention, surrounded by 42” display cabinetry, elegant quartz countertops, stainless steel appliances, a spacious pantry, and a built-in planning station/buffet. Whether hosting gatherings or enjoying everyday meals, the adjacent dining area provides the perfect setting. Just beyond, the solarium offers a serene retreat for morning coffee, all while overlooking the shimmering lake. A spacious mudroom with garage access and a well-appointed powder room complete the main level. Upstairs, the primary suite serves as a private sanctuary, featuring dual walk-in closets and a spa-inspired bath with double vanities, soaking tub, glass-enclosed shower, private water closet, and a private balcony overlooking the water, the perfect place to unwind at day’s end. Three additional bedrooms, each with walk-in closets, two additional full baths, a convenient laundry room, and generous walk-in attic storage complete the upper level. The finished lower level expands the home’s versatility, offering a large family and recreation area with defined spaces for media, games, and relaxation, along with a full bath and storage rooms, ideal for entertaining or multi-generational living. Recent updates include a new dishwasher, sump pump, and upper-level thermostat, providing added peace of mind. Peninsula Lakes offers resort-style amenities including 11 scenic lakes, walking trails, clubhouse, fitness center, outdoor pool with splash pad, pickleball courts, fishing pier, dog park, shaded verandas, and a patio bar and lounge. Ideally located in Millsboro, just minutes from Lewes and Rehoboth Beach, this exceptional home delivers luxury lakefront living with coastal convenience.

Getting Around

12
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

4/10
4/10
Millsboro Middle SchoolGrades 6-86.1 mi
3/10

Construction

Condition

  • Year built: 2017

Materials

  • Foundation: Concrete Perimeter
  • Roof: Architectural Shingle,Pitched
  • Construction materials: Frame,Stick Built,Shake Siding,Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Cooktop,Refrigerator,Ice Maker,Dishwasher,Washer,Dryer,Water Heater,Exhaust Fan,Microwave,Disposal,Energy Efficient Appliances,Freezer,Self Cleaning Oven,Double Oven,Range Hood,Stainless Steel Appliance(s),Water Dispenser,Gas Water Heater
  • Laundry features: Upper Level,Laundry Room

Basement

  • Has basement: Yes
  • Basement: Finished

Bedroom2

  • Features: Flooring - Carpet,Walk-In Closet(s),Window Treatments
  • Level: Upper
  • Area: 132
  • Dimensions: 11 X 12

Bedroom3

  • Features: Flooring - Carpet,Walk-In Closet(s),Window Treatments
  • Level: Upper
  • Area: 144
  • Dimensions: 12 X 12

Bedroom4

  • Features: Flooring - Carpet,Walk-In Closet(s),Window Treatments
  • Level: Upper
  • Area: 156
  • Dimensions: 12 X 13

Bedrooms & Bathrooms

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

Dining Room

  • Features: Flooring - HardWood
  • Level: Main
  • Area: 140
  • Dimensions: 10 X 14

Features

  • Attic,Built-in Features,Ceiling Fan(s),Combination Dining/Living,Combination Kitchen/Dining,Combination Kitchen/Living,Dining Area,Open Floorplan,Kitchen - Gourmet,Kitchen Island,Pantry,Primary Bath(s),Recessed Lighting,Store/Office,Upgraded Countertops,Walk-In Closet(s),Bar,9'+ Ceilings,Dry Wall,High Ceilings
  • Door features: French Doors
  • Window features: Double Pane Windows,Energy Efficient,Screens,Window Treatments
  • Flooring: Ceramic Tile,Hardwood,Carpet,Wood
  • Number of fireplaces: 1
  • Fireplace features: Gas/Propane,Mantel(s)
  • Fireplace: Yes
  • Finished area below ground: 810
  • Finished area above ground: 2,776

Foyer

  • Features: Flooring - HardWood
  • Level: Main
  • Area: 112
  • Dimensions: 8 X 14

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 3,586
  • Total interior livable area: 3,586 sqft

Kitchen

  • Features: Flooring - HardWood
  • Level: Main
  • Area: 210
  • Dimensions: 14 X 15

Laundry

  • Level: Upper
  • Area: 40
  • Dimensions: 5 X 8

Living Room

  • Features: Flooring - HardWood
  • Level: Main
  • Area: 288
  • Dimensions: 16 X 18

Office

  • Features: Flooring - HardWood
  • Level: Main
  • Area: 144
  • Dimensions: 12 X 12

Other

  • Level: Main
  • Area: 117
  • Dimensions: 9 X 13

Primary Bedroom

  • Features: Attached Bathroom,Balcony Access,Flooring - Carpet,Walk-In Closet(s),Window Treatments
  • Level: Upper
  • Area: 252
  • Dimensions: 14 X 18

Recreation Room

  • Features: Flooring - Carpet
  • Level: Lower
  • Area: 800
  • Dimensions: 25 X 32

Storage Room

  • Level: Upper
  • Area: 189
  • Dimensions: 9 X 21

Storage Room

  • Level: Lower
  • Area: 117
  • Dimensions: 9 X 13

Utility Room

  • Level: Lower
  • Area: 165
  • Dimensions: 11 X 15

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 23429.001288.00
  • Zoning: R
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: Community
  • Patio & porch: Deck,Porch,Roof
  • Exterior features: Lawn Sprinkler,Play Equipment,Sidewalks,Sport Court,Street Lights,Water Fountains,Balcony
  • Fencing: Aluminum
  • Has view: Yes
  • View description: Garden,Lake
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Pond
  • Frontage length: Water Frontage Ft: 50

Lot

  • Lot size: 7,841 sqft
  • Features: Adjoins - Open Space,Front Yard,Landscaped,Rear Yard,SideYard(s)
  • Lot size dimensions: 94.00 x 98.00

Parking

  • Total spaces: 4
  • Parking features: Garage Faces Front,Inside Entrance,Garage Door Opener,Asphalt,Attached,Driveway
  • 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

  • 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 $3,640$43,680
Home Insurance *$119$1,428
Property Taxes $149$1,788
Electricity $396$4,759
Total$4,304$51,648
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$147,565/yr
40% on housing$129,120/yr
45% on housing$114,773/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

$201This listing

vs Other Active Listings

Avg $/sqft

ZIP 19966$154
Sussex County$247

vs Homes Sold Last Month

Median $/sqft

ZIP 19966
Sussex County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-04Price change$749,000
2026-03-24Price change$775,000
2026-03-12Price change$799,000
2026-02-12Listed for sale$825,000
2023-12-28Sold$391,000
2023-10-02Sold$391,000
2020-11-16Sold$571,992
2018-01-16Sold$521,992
2017-07-20Sold$165,000

For Sale by Agent

AgentShannon Smith Hunt
BrokerageNorthrop Realty

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