Wait—have you seen this stunning condo in the highly sought-after community, The Palms? It’s the only one on the market right now, and it’s been completely redone with beautiful finishes—stainless steel appliances, granite countertops, custom tile showers, and gorgeous flooring throughout. The bedrooms are spacious, and the whole place is move-in ready. This beautiful first - floor unit offers serene views of the pond and the community pool - perfect for relaxing and enjoying the tranquil surroundings from your screened - in porch.
But here’s the kicker: “Proven income producer! This property generated $26,000 in 2024 with a long-term tenant in place, and brought in $31,500 in 2023 through short-term rentals. Whether you’re looking for steady cash flow or high-yield potential, this home delivers.” stunning furniture conveys. Just steps from the bike trail, Rehoboth outlets, the beach, Rehoboth Ave, and amazing restaurants. It’s been an incredible investment for the sellers—and it could be for you too! This is a rare opportunity to own a piece of heaven or to increase your real estate portfolio. Easy to show so schedule your appointment today!!!!!!!!!!!!!!!!
Facts & Features
MLS® #
DESU2082736
Price
$424,900
Bedrooms
2
Bathrooms
2.00
Full Baths
2
Square Footage
1,064
Acres
0.00
Year Built
2003
Type
Condo/Townhome
Sub-Type
Condo, Unit/Flat/Apartment, Garden 1 - 4 Floors
Style
Condo/Unit
Status
Active
Annual Tax Amount
$648
Community Information
Address
36525 Palm Drive #5103
Area
Lewes Rehoboth Hundred (31009)
Subdivision
THE PALMS
City
Rehoboth Beach
County
SUSSEX-DE
State
DE
Zip Code
19971
Within City Limits
No
Sussex Delaware Quadrant
Between Rt 1 & 113
Amenities
Amenities
CeilngFan(s), Wood Floors, Shades/Blinds, Upgraded Countertops
Utilities
Electric Available, Cable TV Available
Parking
Paved Parking
View
Pond, Garden/Lawn
Is Waterfront
No
Has Pool
Yes
Interior
Interior Features
Floor Plan-Open
Appliances
Built-In Microwave, Dishwasher, Disposal, Dryer, Energy Star Appliances, Oven-Single, Oven-Self Cleaning, Oven/Range-Electric, Stainless Steel Appliances, Washer, Water Heater
Heating
Forced Air
Cooling
Central A/C
Fireplace
No
# of Stories
1
Stories
1 Story
Has Basement
No
Exterior
Exterior
Vinyl Siding
Roof
Architectural Shingle
School Information
District
CAPE HENLOPEN
High
CAPE HENLOPEN
Additional Information
Date Listed
April 9th, 2025
Days on Market
46
Zoning
C-1
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Listing Details
Office
Iron Valley Real Estate at The Beach
Contact Info
(302) 541-8787
