$680,000
Original list price: $699,900
32198 Iv••••• Gull Way (Sign up for 50 free credits to unlock)Millsboro, DE 19966
Property Description
4 BEDROOM 4.5 BATH with PARTIALLY FINISHED BASEMENT on the Pond! Stunning Schell Brothers home gracefully positioned along one of the neighborhood's picturesque lakes in sought-after Peninsula Lakes community, offering tranquil water views and exceptional living space across three beautifully finished levels. Impeccably maintained and thoughtfully updated, this 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.
Property Facts & Features
- Property Type
- Single Family
- Status
- Closed
- Listed
- Feb 11, 2026
- Sold
- Oct 20, 2026
- List Price
- $699,900
- Price per Sq Ft
- $227/sqft
- ZIP Code
- 19966
- Full Baths
- 4
- Half Baths
- 1
- Stories
- 3
- Garage
- 2 spaces
- Parking
- Asphalt Driveway, Attached Garage, Driveway
- Heating
- Forced Air
- Cooling
- Central A/C
- Construction
- Frame, Stick Built, Shake Siding, Vinyl Siding
- Style
- Coastal, Contemporary
- HOA Fee
- $257/mo
- Property Tax (2026)
- $1,191/yr
- Assessed Value
- $274,400
- County
- Sussex
- School District
- Indian River School District
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 4
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- 1/2 Bathrooms: 1
Land Info
- Lot Size Acres: 0.1800046
- Lot Size Square Feet: 7841
Appliances
- Cooktop
- Refrigerator
- Icemaker
- Dishwasher
- Washer
- Dryer
- WaterHeater
- Exhaust Fan
- Built-In Microwave
- Disposal
- Energy Efficient Appliances
- Freezer
- Oven - Self Cleaning
- Oven - Double
- Range Hood
- Stainless Steel Appliances
- Water Dispenser
Interior Features
- Attic
- Built-Ins
- Carpet
- Ceiling Fan(s)
- Combination Dining/Living
- Combination Kitchen/Dining
- Combination Kitchen/Living
- Dining Area
- Floor Plan - Open
- Kitchen - Gourmet
- Kitchen - Island
- Pantry
- Primary Bath(s)
- Recessed Lighting
- Store/Office
- Upgraded Countertops
- Walk-in Closet(s)
- Wet/Dry Bar
- Window Treatments
- Wood Floors
Garage and Parking
- Garage Spaces: 2
- Parking Features: Asphalt Driveway, Attached Garage, Driveway
- Parking Total: 4
School Information
- Elementary School: LONG NECK
- High School: SUSSEX CENTRAL
- Middle School: SUSSEX CENTRAL
- School District: INDIAN RIVER
Heating and Cooling
- Cooling Features: Central A/C
- Heating Features: Forced Air
- Heating: Yes
Other Property Info
- Annual Tax Amount: 1172
- Source Listing Status: Closed
- County: SUSSEX
- Disclaimer: Standard
- Ownership: Fee Simple
- Source Neighborhood: PENINSULA LAKES
- Postal Code Plus 4: 7334
- Subdivision: PENINSULA LAKES
Homeowners Association
- Association: Yes
- Association Fee: 772
- Association Fee Frequency: Quarterly
- Calculated Total Monthly Association Fees: 257
- Senior Community: No
Building and Construction
- Total Square Feet Living: 3000
- Year Built: 2017
- Above Grade Finished Area: 3000
- Building Name: NONE AVAILABLE
- Construction Materials: Frame, Stick Built, Shake Siding, Vinyl Siding
- Levels: 3
- Property Age: 9
- Levels or Stories: 3
- Structure Type: Detached
- Total Area Sqft: 3000
- Architectural Style: Coastal, Contemporary
Waterfront and Water Access
- Waterfront
- Waterfront Feet: 50
Location
Lat 38.61944 · Lng -75.18193