Ocean View, DE · Strictly 55+ · Condo · Resale Only

Cedar Bay

72-unit strictly 55+ condo community in Ocean View, 2 miles from Bethany Beach. Built 2005–2006, resale only. Priced $200K–$300K — the lowest entry point of any strictly age-restricted community within close range of the Delaware beaches.

72
Total Units
Strictly 55+
Age Restriction
Condos
Home Type
$200K–$300K
Price Range
Resale Only
Market Status
2 mi
To Bethany Beach

Cedar Bay’s Role in the Market

Cedar Bay fills a specific gap in the coastal Delaware 55+ market: strictly age-restricted ownership near Bethany Beach at $200K–$300K. Most communities near the beaches start at $300K and run considerably higher. Cedar Bay’s 72-unit condo structure allows entry-level beach-proximity ownership for buyers who want the strictest age-restriction protection (not just age-targeted) at the lowest available price point in this corridor.

Built 2005–2006 and resale-only, Cedar Bay is fully mature and has no new construction component. Condo structure means common area maintenance, exterior maintenance, and community amenities are covered by the HOA fee — typically higher as a percentage of unit value than single-family HOAs because the condo association manages the exterior envelope.

Strictly 55+ means federal age restriction complianceCedar Bay’s strictly 55+ designation means it qualifies as senior housing under the Housing for Older Persons Act. At least 80% of occupied units must have at least one resident 55 or older, and the community must publish and follow policies demonstrating an intent to provide housing for persons 55+. This is a legally enforceable age restriction, not a marketing preference.
Condo HOA fees — verify the full fee and what it covers before purchasingCondo HOA fees at a 20-year-old building need particular scrutiny. Request the reserve study, the reserve fund balance, and the fee history for the past 5 years. A condo community with an aging building and underfunded reserves is a special assessment risk.

Related Pages

Silver WoodsDRB Group age-targeted alternative in Ocean ViewBishop’s LandingLarger near-Bethany option in MillvilleHOA Fees ExplainedHow to evaluate condo reserve studiesCoastal Delaware HubAll communities

Cedar Bay Questions?

The reserve study is the most important document before buying here. We can help you evaluate it.

Talk to a Delaware Specialist