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Super opportunity to own this ocean side renovated 5-bedroom 3.5 bath beach home. Two master suites, large private backyard with gazebo, roof top deck, sun room, and over sized parking area make this 2400 square foot home an entertainer's dream. The property has a proven rental history of over $110,000 per year with repeat family weekly rentals. Buy both 23 and 25 McKinley for a combined rental income of over $175,000 per year. One minute walk to beach without crossing any roads. Come put your toes in the sand and ocean. Close to all the hot spots and restaurants, but private enough to enjoy the tranquility of the beach and ocean. Great patio area in the rear yard for cook outs and gathering. Rare to actually have a yard at the beach. Just such a fun home and place to be. In great condition with a great rental history. 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.. Property zoned RR and the size of the property allows for additions. We urge any buyer to confirm for themselves the specifics of addition size with the town of Dewey Beach. Come to Dewey Beach. Relax. Have fun.
| 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 | $1,800,000 |
|---|---|
| Feb 6, '24 - Today | $1,650,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Lewes Rehoboth Hundred (31009) |
| BASEMENT | Partial, Yes |
| HEAT | Electric, Forced Air |
| LOT DIMENSIONS | 0.00 x 0.00 |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Colonial |
| SUBDIVISION | NONE AVAILABLE |
| TAXES | 1325 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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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.
