This spectacular oceanfront retreat, with panoramic views of the Atlantic Ocean, is the epitome of luxurious modern coastal elegance. Located in the exclusive community of The Chancellery, this extraordinary property features a 150' elevated boardwalk leading directly to a private beach. Gorgeous, scenic and relaxing vistas unfold each and every day from this home's expansive interior and exterior living spaces, in which no detail has been overlooked. At over 4,500 square feet, this exceptional residence showcases an airy, sun-filled open interior, which was fully remodeled with meticulous craftsmanship beginning in 2013. From the fully updated pool, custom hardwood floors throughout, Andersen windows and doors, custom built-in cabinetry, gourmet kitchen complete with Carrara marble countertops and backsplash, custom designer window treatments and glass-enclosed elevator, this home exudes refined coastal luxury. Modern smart home technology, such as remote thermostat control, lighting, and electronically-controlled window shades, provide easy living conveniences. Floor-to-ceiling doors off the great room's living space showcase a fully reconstructed, rear deck with plenty of room for dining al fresco and relaxing outdoors. The stainless-steel cable wire railings add a modern coastal touch and the private walkway is retrofitted with water and electric which extends to the beach. On the first floor, a large laundry room offers two separate full-size washers and dryers as well as ample storage space for all the beach toys and gear. For those who prefer a pool to the beach, enjoy the custom in-ground pool, situated directly behind the sandy dunes outside. The third floor offers an additional laundry room and the top level features a gorgeous sitting room with windows to the ocean and a separate bedroom and bath; which can easily function as a private in-law suite. Each of the five spacious bedrooms features an ensuite luxury bath, all of which have been fully remodeled with state-of-the-art appliances, radiant flooring, Grohe faucets, glass enclosed showers with stone flooring and floor-to-ceiling marble tiling. In a nod to the beauty of the outdoors, every bedroom also features a stunning ocean view, while the owner's bedroom includes a fireplace and access to the outdoor deck. In addition, this home boasts many more unseen upgrades, including three-zone heating and cooling, wireless speakers, Baldwin Kevo Bluetooth remote door locks and home security and monitoring system with cameras for peace of mind. A recently upgraded sodded front lawn, landscaping, irrigation system and a new 4th-floor deck offering gorgeous sunset bay views. The convenience of downtown Dewey and Rehoboth Beach with their stylish shops, gourmet restaurants, healthy outdoor activities, and live entertainment are within walking and biking distance; however, the private location of this residence offers unparalleled wildlife watching, with dolphin sightings and sea birds making frequent appearances. One of this area's beautiful and protected natural resources, the neighboring Seashore State Park, boasts over 2,800 acres of undeveloped beaches and dunes, along with scores of water sports and activities. This is truly a significant property which is a must-see for anyone searching for a spectacular oceanfront residence in a perfectly located community.