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$765,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 3,000 Sq. Ft.
  • 2 Car Garage
  • Updated 13 days ago
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Welcome to the beautiful, established community of the Reserves at Lewes Landing. Only 5 miles to downtown Lewes and 5.5 miles to Lewes beach, this spacious home sits on a beautifully landscaped 1/2 acre lot, with a fully fenced back yard and deck. It boasts 3,000 square feet of open and functional living space, with 4 bedrooms and 3.5 bathrooms. Step into the foyer and find a formal living room to the right and a dining room to the left. The front hall opens into a great room, with soaring cathedral ceilings and a propane fireplace framed by floor to ceiling windows. To the left is the eat in kitchen, with 42" cabinets, granite countertops and stainless steel appliances. Down the hallway, you find the laundry room with garage access, and the primary bedroom. The spacious, ground level primary bedroom has new hickory flooring, 2 walk-in closets with California closet systems and a tiled primary bathroom with dual vanity, soaking tub and separate shower. Upstairs you will find three more bedrooms, all of which have private bathroom access. A few other wonderful features include a whole house water filtration system, fully conditioned crawl space, and underground lawn irrigation with a private irrigation well. Recent updates include: New GAF roof, installed in 2021. Garage door opener in 2022. Rinnai tankless hot water heater in 2024. Bosch HVAC in 2025. Community amenities include a clubhouse with pool, tennis courts, pickle ball courts and basketball courts. Close to the beach, downtown, restaurants and shopping, this community has so much to offer and enjoy. Make this house your home for the new year!

Full Property Details for 31436 Waters Way

General

  • Price: $765,000
  • HOA FEE: $172/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $1,359 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2100906
  • Updated: 1/2/2026
  • Added to Site: 48 day(s) ago

Interior

  • Interior Features: Bathroom - Soaking Tub, Bathroom - Walk-In Shower, Bathroom - Tub Shower, Breakfast Area, Carpet, Ceiling Fan(s), Chair Railings, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s), Recessed Lighting, Walk-in Closet(s), Water Treat System, Wood Floors, Pantry
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas/Propane
  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Extra Refrigerator/Freezer, Icemaker, Instant Hot Water, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Conditioner - Owned, Water Heater - Tankless
  • Flooring: Wood, Carpet, Ceramic Tile

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Upper Floor Baths: 2
  • Upper - Full Baths: 2
  • Main Floor Baths: 2
  • Main - Full Baths: 1
  • Main - 1/2 Baths: 1

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms Upper: 3
  • Bedrooms Main & Up: 1

Other Rooms

  • Laundry: Main Floor

Additional Information

  • Shared Amenities: Club House, Common Grounds, Pool - Outdoor, Tennis Courts, Basketball Courts, Other
  • Shared Pool: Yes
  • Pool: Yes

Exterior

  • Exterior Features: Underground Lawn Sprinkler
  • Porch/Patio/Deck: Deck(s)

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 6
  • Parking Type: Attached Garage, Driveway
  • Garage Description: Garage - Front Entry, Garage Door Opener, Inside Access

Location

  • Area: Lewes Rehoboth Hundred (31009)
  • County: SUSSEX
  • Subdivision: RESERVES AT LEWES LANDING
  • Driving Directions: From Rt. 1, take Lewes Georgetown Hwy (Rt.9) west. In 1.8 miles, make a left onto Lakeview Blvd, then a left onto Waters Way. Home is 2nd on the left. From Rt 113, take Lewes Georgetown Hwy (Rt 9) east approximately 11 miles. Take a right onto Lakeview Blvd, then a left onto Waters Way. Home is 2nd on the left.
  • Direction Faces: South

School Information

  • School District: Cape Henlopen
  • Middle School: Frederick D. Thomas
  • High School: Cape Henlopen

Community

  • Association: Yes
  • Assoc. Name: RESERVES AT LEWES LANDING HOA
  • Assoc. Fees Include: Common Area Maintenance, Management, Pool(s), Reserve Funds, Road Maintenance, Snow Removal
  • Pets Allowed: Yes
  • Pets: Number Limit

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump - Electric BackUp
  • Heating Fuel: Propane - Metered
  • Water Heater: Tankless, Instant Hot Water, Propane

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV, Electric Available, Phone, Propane - Community, Sewer Available, Water Available

Structural Information

  • Architectural Style: Coastal, Contemporary
  • Structure Type: Detached
  • Construction: Frame, Vinyl Siding
  • Foundation: Crawl Space
  • Windows: Screens
  • Doors: Sliding Glass, Storm
  • Stories Description: Main, Upper 1
  • Square Feet: 3,000
  • Sq. Ft. Source: Estimated
  • Living Area: 3,000 Sq. Ft.
  • Finished Above Grnd: 3,000 Sq. Ft.
  • Year Built: 2006
  • Year Built Source: Assessor
  • Property Condition: Very Good

Unit Information

  • Unit Floor in Bldg.: 2

Lot Features

  • Lot Size (Acres): 0.48
  • Lot Size (Sq. Ft.): 20,909
  • Lot Size Source: Assessor
  • Lot Dimensions: 105.00 x 200.00
  • Zoning: AR-1
  • Fencing (Description): Fully, Panel, Rear, Vinyl

Financial Considerations

  • Price Per Sq. Ft.: $255
  • Association Fee: $515
  • Assoc Fee Freq.: Quarterly
  • Assessment Year: 2025
  • School Tax: $1,221
  • County Tax: $138
  • County Tax Freq: Annually
  • Tax Amount: $1,359
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 772

Disclosures and Reports

  • Ownership: Fee Simple
  • Inclusions: Additional refrigerator in garage
  • Lot Number: 82
Buyer's Brokerage Compensation: Contact Listing Agent
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— 31436 Waters Way —

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 31436 Waters Way

School District:Cape Henlopen School District
NameGradesDistance
Mariner Middle School
16391 Harbeson Road, Milton, DE 19968
5-86.1 mi
Cape Henlopen High School
1250 Kings Highway, Lewes, DE 19958
8-123.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 31436 Waters Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/29/2025
Listed
$765,000
77.91%
MLS
1/11/2017
Sold
$430,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 31436 Waters Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$859
-48%
$43,700
—
2023
$1,652
5%
$43,700
—
2022
$1,577
-5%
$43,700
—
2021
$1,658
—
$43,700
—
2020
$1,652
-20%
$43,700
—
2019
$2,055
7%
$43,700
—
2018
$1,919
4%
$43,700
—
2017
$1,838
2%
$43,700
-3%
2016
$1,804
5%
$45,150
—
2015
$1,723
1%
$45,150
—
2014
$1,711
3%
$45,150
—
2013
$1,662
—
$45,150
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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31436 Waters Way, Lewes, DE 19958 (MLS# DESU2100906) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 31436 Waters Way is currently listed for $765,000 and was received on November 29, 2025. This property is listed by Sally Harrison from our Coastal Delaware Office.Want to learn more about 31436 Waters Way? Do you have questions about finding other Single Family real estate for sale in Lewes? You can browse all Lewes real estate or contact a Coldwell Banker agent to request more information.

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