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Super opportunity to own this ocean side renovated 3-bedroom 2.5 bath 1400 square foot beach home. The 2nd floor deck and screened in porch off the open concept living room, make this property an ideal beach retreat. Over sized parking area, outdoor shower and grilling area are an added bonus in a beach town where outdoor space is scarce. Property has a build option to double the existing footprint, another rarity in Dewey Beach. Proven rental history of over $75,000 per year, with repeat family weekly rentals. Buy both 23 and 25 McKinley Ave. for a rental income of over $175,000 per year. A new owner can live in one and rent the other. Close to all the hot spots and restaurants, but private enough to enjoy the tranquility of the beach and ocean. There have been many updates to this property with new composite siding being the most recent. Plenty of off street parking. All furniture and appliances included in the sale. Specifics on size will need to be confirmed by town of Dewey Beach and we urge buyers to confirm for themselves. Come and put your toes in the sand and know that once you park your car you never have to cross a street to get to the ocean....Bliss awaits...Truly a remarkable property.
| DAYS ON MARKET | 187 | LAST UPDATED | 4/20/2024 |
|---|---|---|---|
| TRACT | NONE AVAILABLE | YEAR BUILT | 1981 |
| COMMUNITY | Lewes Rehoboth Hundred (31009) | COUNTY | SUSSEX |
| STATUS | Sold | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| School District | CAPE HENLOPEN |
|---|
| PRICE HISTORY | |
| Prior to Feb 6, '24 | $1,400,000 |
|---|---|
| Feb 6, '24 - Apr 20, '24 | $1,350,000 |
| Apr 20, '24 - Today | $1,150,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Lewes Rehoboth Hundred (31009) |
| BASEMENT | Partial, Yes |
| CONSTRUCTION | Aluminum Siding, Frame |
| HEAT | Electric, Forced Air |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Colonial |
| SUBDIVISION | NONE AVAILABLE |
| TAXES | 926 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Compass, sold by Compass
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 2025 Sussex County Association of REALTORS®, Inc.
This IDX solution is (c) Diverse Solutions 2025.
