502 5th St, Rehoboth Beach, DE 19971

$389,900
3
BD
2
BA
1,456
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$389,900
Price Change
▼ $10,000 1784309815
Days on Market
59
Status
ACTIVE
MLS#
DESU2109908
Bedrooms
3
Bathrooms
2
Full Baths
1
Half Baths
1
Living Area
1,456
Lot Size (Acres)
0.23
Style
Ranch/Rambler
Year Built
1980
County
Sussex
School District
Cape Henlopen

Property Description

Don’t miss this opportunity to own property east of Route 1 in Rehoboth Beach! This three-bedroom, one-and-a-half-bath ranch home offers excellent potential for renovation or redevelopment in a highly desirable location close to shopping, dining, and the beach. The nearby Wolfe Neck Trail provides convenient access for walking or biking into both Lewes and Rehoboth Beach, making this location especially attractive for outdoor enthusiasts 🚴‍♀️🌿. For investors or builders, the property presents additional possibilities. Subject to approvals, there is potential to re-establish the property line, remove the existing home, and construct two new homes—an excellent redevelopment opportunity in an area experiencing continued growth 📈. There is no HOA, and the property is zoned to allow manufactured homes. Several newly constructed homes in the surrounding community are helping support increasing neighborhood value, making this an appealing option for homeowners, investors, or builders alike. The property is being sold AS IS.

Additional Information

Area
Lewes Rehoboth Hundred (31009)
Subdivision
Tru Vale Acres
Taxes
$757
School District
Cape Henlopen
Fireplaces
1
Flooring
Carpet, Laminated
Exterior Features
Outbuilding(s)
Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Central A/C
Utilities
Cable TV
Water
Public, Well
Sewer
Public Sewer
Room Level
Bedroom 1: Main, Bathroom 1: Main, Bedroom 2: Main, Bedroom 3: Main, Half Bath: Main, Dining Room: Main, Family Room: Main

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty. Contact: (302) 360-0300