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PRICE $3,525,000 dsIDX morgage calculator
BEDS 4
BATHS 2
HOME SIZE 1,508 sqft
LOT SIZE 7,406 sqft

Extremely rare, fee simple (you own the land!) one-of-a-kind oversized lot in coveted Rehoboth-by-the-Sea in North Dewey Beach. This 75x100 foot property is only four houses from the beach! A Huge Bonus is the adorable 4 bedroom/2 bath year-round home with excellent rental history ($90K plus). If buyers wish to expand AT THEIR EXPENSE, there is a shovel-ready, approved and permitted plan (photos attached) for an amazing 2 story addition, increasing home size to approximately 4,700 square feet including 10 bedrooms and 10 baths! Current estimate for construction is approx. $950K- $1million. For under $5 million total investment, this would be a one-of-a kind, resort-style home w/open floor plan, including huge porches, outdoor spaces and inground pool and pool cabana on the beach block! There will also be a small basement. If you decide to build the addition, your rental income would increase to approximately $20-22K per week ($250-$300K per year annually) based on current comps. (Or you can build smaller or use as is!) Architectural plans included with sale.

DAYS ON MARKET 74 LAST UPDATED 7/14/2022
TRACT REHOBOTH BY THE SEA YEAR BUILT 1957
COUNTY SUSSEX STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
School District CAPE HENLOPEN
Elementary School REHOBOTH
Jr. High School BEACON
High School CAPE HENLOPEN

PRICE HISTORY
Prior to Jul 14, '22 $3,795,000
Jul 14, '22 - Today $3,525,000


ADDITIONAL DETAILS
AIR Central A/C, Heat Pump(s)
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer - Electric, Extra Refrigerator/Freezer, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Stove, Washer, Water Heater
CONSTRUCTION Frame, Shingle Siding
EXTERIOR Outside Shower, Secure Storage
FIREPLACE Yes
GARAGE Crushed Stone
HEAT Heat Pump(s)
HOA DUES None
INTERIOR Attic, Breakfast Area, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Exposed Beams, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Table Space, Tub Shower, Walk-in Closet(s), Wood Floors
LOT 7405 sq ft
LOT DESCRIPTION Backs to Trees, Landscaping, No Thru Street
SEWER Public Sewer
STORIES 1
STYLE Coastal, Cottage, Detached, Ranch/Rambler
SUBDIVISION REHOBOTH BY THE SEA
TAXES 2286.00
UTILITIES Cable TV Available,Phone Available
VIEW DESCRIPTION Garden/Lawn,Street
WATER Public
ZONING TN
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by BAY COAST REALTY

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 2022 Sussex County Association of REALTORS®, Inc.

This IDX solution is (c) Diverse Solutions 2022.