All of the Edgewater House condominiums offer direct ocean views from the main living area and the balcony. And the two bedrooms in this condo have views of the pool, which is open from Memorial Day through Labor Day. This particular Unit has been in the same family ownership for nearly 25 years, and has been used mostly by family & friends; however, the Edgewater House commands rates from approximately +$3k/week in the peak season, $2k in the shoulder season, and approximately $1.2k in the off season for the two-bedroom condos, so this could be an excellent investment property! Unit #526 still has some of the original 1966 vintage touches such as the "bamboo" trim accents & the knotty pine walls. This Unit is a two-story condo with the main entryway foyer off of the 5th floor. The second bedroom is on this level, too. It has an en suite bath with a full-size tiled shower. It also features an entire "wall" of closet & storage space, and sliding glass doors out to a narrow balcony area where you can hang your towels to dry after a day on the beach or at the pool. The stairs from the 5th floor, which have closet storage and built-in bookshelves, lead down to the main living area. You'll find the first bedroom down here. It has a similar layout to bedroom #2 upstairs, but the en suite bath has a tub/shower combo and a linen closet, but the large closet is to the right as you enter the bedroom. The L-shaped kitchen has a pantry, fridge, dishwasher, disposal, and an electric range with range hood. There's extra countertop & cabinet space in this Unit on the back wall of the hall's utility closet space. The kitchen adjoins a spacious dining area. And the dining area opens to the large living room, which has panoramic views of the ocean. The living room's oversized sliding glass doors lead out to your 8'x14' ocean-front balcony where you can relax & watch the waves or the passers-by on the boardwalk below. The living room also has a Murphy bed for your overflow guests. Furnished and "Turn Key". Community, coin-operated laundry in the building's basement. Bike storage area in the basement, too (Unit Owners may store beach chairs here, but Renters cannot). Condo fees include one assigned parking space, and 2 City of Rehoboth-issued parking permits for non-metered spaces as part of your City taxes. Condo dues also include the pool, hot & cold water, sewer, WiFi, and 2x/yr maintenance on the AC mechanicals in the Unit. *Edgewater House is a completely non-smoking building*Pets, up to 3, are only permitted for Unit Owners, not for Renters*No rentals of less than 3 days*
|DAYS ON MARKET||266||LAST UPDATED||6/10/2020|
|TRACT||NORTH REHOBOTH||YEAR BUILT||1966|
|School District||CAPE HENLOPEN|
|Prior to Dec 18, '19||$725,000|
|Dec 18, '19 - Today||$699,900|
|AMENITIES||All Ground Fee, Common Area Maintenance, Ext Bldg Maint, Management, Pool(s), Reserve Funds, Water|
|APPLIANCES||Dishwasher, Disposal, Microwave, Oven/Range - Electric, Range Hood|
|HEAT||Baseboard - Electric|
|HOA DUES||3160.00 Quarterly|
|INTERIOR||Carpet, Combination Dining/Living, Floor Plan - Traditional, Kitchen - Galley, Master Bath(s), Window Treatments|
|STYLE||Split Level, Traditional|
|WATER ACCESS||Public Access,Public Beach,Swimming Allowed|
|WATERFRONT DESCRIPTION||Sandy Beach|
TOTAL MONTHLY PAYMENT
Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market.
Copyright 2020 Sussex County Association of REALTORS®, Inc.
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