No Longer Available
Asking Price - $2,975,000
Days on Market - 280
No Longer Available
20 Saint Louis Street
Rehoboth By The Sea
Dewey Beach, DE 19971
Featured Agent
Real Estate Agent
Asking Price
$2,975,000
Days on Market
280
No Longer Available
Bedrooms
4
Full Baths
2
Acres
0.17
Interior Sq Ft
1,508
Age
66
Heating
Electric
Fireplaces
1
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Taxes (2022)
2,304
Additional Details Below
Real Estate Agent
Views: 67
Featured Agent
EveryHome Realtor
Description
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 ($110K plus a year. $8-$8.5K a week without pool. $11.5K-$12K a week with pool) ). 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. $1million. For under $4 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 (additional) on the beach block! Basement optional. If you decide to build the addition, your rental income would increase to approximately $25-30K per week ($325-$400K per year annually) based on current comps. Architectural plans included with sale. Optional construction of 6 bedroom, 4 bath at approximately $750K. Plans also attached. Construction completed in 6 to 8 months,
Location
Driving Directions
South on Coastal Highway in to Dewey Beach. Left on Saint Louis Street to Beach Block. Home on Right.
Listing Details
Summary
Architectural Type
•Coastal, Cottag
Parking
•Crushed Stone, Driveway, Off S
Interior Features
Fireplace(s)
•Brick, Wood
Interior Features
•Attic, Breakfast Area, Ceiling Fan(s), Combination Kitchen/Dining, Dining A
Appliances
•Dryer - Electric, Washer, Oven/Range - Electric, Microwave,
Exterior Features
Roofing
•Architectural Shingle
Lot Features
•Additional Lot(s), Backs to Trees, Landscaping
Exterior Features
•Outside Shower, Frame, Shingle Siding
Utilities
Cooling
•Central A/C, Electric
Heating
•Heat Pump(s), Electric
Additional Utilities
•Cable TV Availa
Miscellaneous
Lattitude : 38.698480
Longitude : -75.075080
MLS# : DESU2049864
Views : 67
Listing Courtesy: ROBERT WALSH of BAY COAST REALTY
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Notes
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