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Jennifer Grosskopf

jengrosskopf@gmail.com +1(215) 498-4010

$ 1,500,000

Est. payment -/mo

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Price Dropped by $55K

37430 5TH ST Rehoboth Beach, DE 19971

3 Beds

2 Baths

0.25 Acres Lot

UPDATED:

10/20/2024 04:54 PM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Subdivision Bay Vista

MLS Listing ID DESU2071324

Style Mid-Century Modern,Contemporary

Bedrooms 3

Full Baths 2

HOA Y/N N

Originating Board BRIGHT

Year Built 1960

Annual Tax Amount $936

Tax Year 2024

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 125.00 x 101.00

Property Description

This waterfront lot is ready for your dream home! Situated on an oversized lot measuring 101’ x 125’, it features million-dollar unobstructed views overlooking Thompson Island all the way to Rehoboth Bay. Boating is easy from one of three private backyard docks with access to Dewey Beach, Rehoboth Bay and the Indian River inlet connecting to the Atlantic Ocean. The existing home is configured as a single story two-bedroom, one-bath bungalow with a one-bedroom and bath guest studio adjoined by a trellis. Many options exist for the next owner: Use the property as-is, build on top of existing structure and footings or build your waterfront dream home. The guest unit has earned up to $18K/summer in rental income alone. Live in one unit and rent the other, adjoin the two, rent both or rebuild. Don't delay: This property has an approved federal grant available through 10/2025 offering almost 200K to preserve the existing structure. Bay Vista is in Sussex County, DE, outside city limits, just over a mile from downtown Rehoboth and has no HOA or rental restrictions. Don’t miss this once-in-a-lifetime opportunity for waterfront living close to town! This is one of the only waterfront lots with a usable residence available in close proximity to Rehoboth. The owner is a licensed Realtor.

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning AR-1

Rooms

Main Level Bedrooms 3

Interior

Hot Water Electric

Heating Forced Air

Cooling Ductless/Mini-Split

Fireplaces Number 1

Fireplaces Type Corner, Brick, Flue for Stove, Gas/Propane

Inclusions Boat pulley/hoist, row boat, two new 8-foot patio doors by Andersen, metal patio table and 4 chairs. Other items possible upon request.

Furnishings Partially

Fireplace Y

Heat Source Electric

Exterior

Garage Spaces 4.0

Waterfront Y

Waterfront Description Boat/Launch Ramp - Private,Private Dock Site,Rip-Rap

Water Access Y

Water Access Desc Boat - Powered,Canoe/Kayak,Fishing Allowed,Personal Watercraft (PWC),Private Access,Sail

View Canal, Bay, Panoramic, Scenic Vista, Trees/Woods, Water

Accessibility No Stairs

Parking Type Driveway

Total Parking Spaces 4

Garage N

Building

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern, Contemporary

Level or Stories 1

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Cape Henlopen

Others

Senior Community No

Tax ID 334-19.16-113.00

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Listed by Terry Stinson • Keller Williams Realty

Jennifer Grosskopf

Agent | RSRS299355

+1(215) 498-4010

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Jennifer Grosskopf

Jennifer Grosskopf

37430 5TH ST Rehoboth Beach, DE 19971

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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37430 5TH ST