38706 RIVER ROAD, OCEAN VIEW, DE 19970 - PenFed Realty Mid-Atlantic

$865,000

Just steps from the Indian River Bay and the VFW, this fully renovated 1950s beach cottage in Ocean View offers a rare blend of vintage charm, thoughtful modern upgrades, income potential, and future development opportunity with a second buildable lot. From the moment you arrive, the character of this home… Read More is evident, surrounded by lush landscaping, mature greenery, and a variety of fruit trees that create a peaceful, private coastal retreat. The main house is filled with warmth and personality, featuring hardwood floors, exposed beams, and rich wood paneling that honor its original character, while key updates provide comfort and functionality. The inviting living space is anchored by a brick accented fireplace with a wood burning stove, perfect for cozy evenings year round. Renovated bathrooms, updated wiring throughout, beautiful tile flooring, ceiling fans in every bedroom, and central AC ensure the home lives as comfortably as it looks. The eat in kitchen is both charming and functional, complete with a Viking range and ample space to gather. As an added bonus, you will even enjoy a slight bay peek through the kitchen window while doing dishes, a subtle reminder of just how close you are to the water. Adding to the property's versatility is the detached 2 car garage, which has been thoughtfully converted into a successful Airbnb suite known as the Surf Shack. This private guest space includes a bedroom, full bath, mini split system, and new roof, and has consistently generated $18,000 to $25,000 annually, making it ideal for supplemental income, guest accommodations, or a private retreat. The outdoor setting is equally impressive. The 20 by 40 ft in ground pool is perfectly positioned on the second buildable lot, offering endless potential, whether you envision building an additional home, expanding outdoor living space, or simply enjoying the extra privacy and flexibility of owning nearly 3 tenths of an acre in this desirable location. With close proximity to the Indian River Bay, local favorites, and just minutes to Bethany Beach, this property truly offers the best of coastal living, whether you are searching for a primary residence, vacation getaway, or investment opportunity. Opportunities like this are few and far between. Do not miss your chance to own a unique piece of Delaware beach history with room to grow. Read Less

Courtesy of Krystal Casey, Keller Williams Realty 302-360-0300

Listing Snapshot

Days Online

Last Updated

May 2, 2026

Property Type

Single Family Residential

Beds

Full Baths

Square Ft.

1,900

Lot Size

0.69 Acres

Year Built

1958

MLS Number

DESU2106310

Additional Details

Building

Built in 1958, Built in 2018 (effective), Living area: 1900, Levels: 1, Construction Materials: Frame, Stick Built

Cooling

Heat Pump(s), Central A/C

Accessibility Features

2+ Access Exits

Fireplaces

1 fireplace

Floors

Hardwood, Ceramic Tile

Foundation

Permanent

Garage

2 spaces

Heating

Forced Air, Heat Pump(s)

Lot

0.69 acres, Dimensions: 170 x 100 and 103 x 128, Additional Lot(s)

Pool

In Ground

Property

Other structures: Above Grade, Below Grade

Sewer

Public Sewer

Taxes

Additional parcels description:, Annual Amount: $1,459.6, Zoning: MR

Utilities

Water Source: Well

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38706 RIVER ROAD

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