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
Facts & Features
MLS® #
DESU2049864
Price
$2,650,000
Bedrooms
4
Bathrooms
2.00
Full Baths
2
Square Footage
1,508
Acres
0.17
Year Built
1957
Type
Residential
Sub-Type
Detached
Style
Coastal, Rancher, Cottage
Status
Closed
Community Information
Address
20 Saint Louis St
Area
Lewes Rehoboth Hundred (31009)
Subdivision
REHOBOTH BY THE SEA
City
Dewey Beach
County
SUSSEX-DE
State
DE
Zip Code
19971
Within City Limits
Yes
Sussex Delaware Quadrant
East of Rt 1
Amenities
Amenities
Attic, CeilngFan(s), Entry Lvl BR, Exposed Beams, Tub Shower, Walk-in Closet(s), Wood Floors
Utilities
Cable TV Available, Phone Available
Parking
Crushed Stone
View
Garden/Lawn, Street
Is Waterfront
No
Interior
Interior Features
Floor Plan-Traditional
Appliances
Dryer - Electric, Washer, Oven/Range-Electric, Microwave, Refrigerator, Extra Refrg/Frz, Range hood, Stove, Water Heater
Heating
Heat Pump(s)
Cooling
Central A/C
Fireplace
Yes
# of Fireplaces
1
Fireplaces
Brick, Wood
# of Stories
1
Stories
1 Story
Has Basement
No
Exterior
Exterior
Frame, Shingle
Exterior Features
Outside Shower, Fenced-Partially
Lot Description
Backs to Trees, Landscaping, Additional Lot(s)
Windows
Screens
Roof
Architectural Shingle
Foundation
Crawl Space
Additional Information
Date Listed
October 21st, 2023
Days on Market
11
Zoning
TN
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
