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. Architectural plans included with sale.
- Price:
- $3,795,000
- Bedrooms:
- 4
- Full Baths:
- 2
- Square Footage:
- 1,508
- Acreage:
- 0.17
- Year Built:
- 1957
- Listing ID #:
- DESU2022494
- Street Address:
- 20 Saint Louis St
- City:
- Dewey Beach
- State:
- Delaware
- Postal Code:
- 19971
- County:
- Sussex
- Community:
- Lewes Rehoboth Hundred (31009)
- Subdivision:
- Rehoboth By The Sea
- Listing Status:
- Active
- Listing Type:
- Residential
School District: Cape Henlopen
K-5
476 students
14 student/teacher
6-8
700 students
14 student/teacher
9-12
1581 students
15 student/teacher
- Building Condition:
- Very Good
- Dwelling Type:
- Detached
- Ease Of Access:
- No Stairs
- Exterior Features:
- Outside Shower, Secure Storage
- Finished Above Ground Square Footage:
- 1508
- Finished Square Feet:
- 1508
- Fireplace:
- Brick, Wood
- Fireplace:
- Yes
- Flooring:
- Hardwood
- Foundation:
- Crawl Space
- Furnished:
- Partially
- Interior Features:
- Attic, Breakfast Area, Combination Kitchen/Dining, Entry Level Bedroom, Exposed Beams, Floor Plan - Traditional, Kitchen - Table Space, Tub Shower, Ceiling Fan(s), Dining Area, Kitchen - Eat-In, Walk-In Closet(s), Wood Floors
- Other Buildings:
- Above Grade, Below Grade
- Other Buildings:
- Shed
- Square Footage Source:
- Estimated
- Stories:
- 1
- Style:
- Cottage, Coastal, Ranch/Rambler
- Total Building Square Footage:
- 1508
- Type Of Roof:
- Architectural Shingle
- View:
- Garden/Lawn, Street
- Windows:
- Screens
- Year Built:
- 1957
- Year Built Source:
- Estimated
- Approximate Lot Size Range Source:
- Estimated
- Conforms To Zoning:
- Tn
- Lot Features:
- No Thru Street, Backs To Trees, Landscaping
- Lot Square Footage:
- 7405.00
- Days On Market:
- 33
- Excluded:
- Dining Room Pine Buffet, Sofa In Living Room. Coffee Table In Sun Room. Red Rug Runner In Sun Room. 2 Twin Wooden Frames. Items In Sheds.
- Included In Sale:
- Partially Furnished.
- On Market Date:
- 2022-05-26
- Originating Mls:
- Bright
- Special Conditions Of Sale:
- Standard
- Terms:
- Cash, Conventional
- Building Name:
- None Available
- District:
- East Of Rt 1
- In City Limits:
- Yes
- Location Description:
- Oceanblock
- Subdivision:
- Rehoboth By The Sea
- City Taxes:
- 850.00
- County Taxes:
- 136.00
- Price Per Square Foot:
- 2516.58
- Property Taxes:
- $2,286
- Tax Year:
- 2020
- Full Bathrooms On Main Level:
- 2.00
- Laundry:
- Has Laundry, Main Floor
- Room Description:
- Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Sun/Florida Room, Laundry, Bathroom 1, Bathroom 2
- Pet Allowed:
- Yes
- Pet Restriction Description:
- Case By Case Basis
- Parking Description:
- Crushed Stone
- Parking Spaces:
- 3
- Parking Type:
- Driveway
- Pool Description:
- No Pool
- Appliances:
- Dishwasher, Dryer - Electric, Extra Refrigerator/Freezer, Microwave, Stove, Water Heater, Washer, Refrigerator, Range Hood, Oven/Range - Electric
- Cooling Fuel:
- Electric
- Cooling System:
- Heat Pump(s), Central A/C
- Electricity:
- Circuit Breakers
- Existing Water:
- Public
- Heating:
- Heat Pump(s)
- Heating Fuel:
- Electric
- Sewage Type:
- Public Sewer
- Water Heater:
- Electric
- Water Body Type:
- Ocean
- Water Name:
- Atlantic Ocean
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Bay Coast Realty
-
© 2022 BRIGHT, All Rights Reserved
