Delaware Beach Real Estate Information: (302) 236-7648


DEWEY BEACH Real Estate Property For Sale

20 SAINT LOUIS STREET, DEWEY BEACH , Delaware

 

Waterfront: Ocean
4 Bedrooms
2 Full Bathrooms
Half Baths: 0

Price: $3,525,000.00

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 ($90K plus). 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. $950K- $1million. For under $5 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 on the beach block! There will also be a small basement. If you decide to build the addition, your rental income would increase to approximately $20-22K per week ($250-$300K per year annually) based on current comps. (Or you can build smaller or use as is!) Architectural plans included with sale.


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MLS #: DESU2022494
Price: $3,525,000.00
Waterfront: Waterfront: Ocean
Waterview: Garden/Lawn,Street
Address: SAINT LOUIS STREET
Building Name: NONE AVAILABLE
Dwelling Type:
Year Built: 1957
Waterview: Garden/Lawn,Street
Lot Dimensions:
Acreage: 0.17
Dwelling Sq Ft: 0.00
Dock:
Garage: Driveway

Flooring: Hardwood
Heating: Heat Pump(s)
Cooling: Heat Pump(s),Central A/C
County Taxes: $136
City Taxes: $850
Water Fee: $0
Sewer Fee:
$0
Association Fee: $0
Condo Fee: $0
Trash Fee: $0
Ground Rent: $0

Listing Broker: BAY COAST REALTY
Broker Lead Email:
Broker Lead Phone Number: (302) 227-8146
Listing Agent: ROBERT WALSH
Listing Status: Active

Appliances:
Dishwasher, Dryer - Electric, Extra Refrigerator/Freezer, Microwave, Stove, Water Heater, Washer, Refrigerator, Range Hood, Oven/Range - Electric

Interior Features:
Attic, Breakfast Area, Combination Kitchen/Dining, Entry Level Bedroom, Exposed Beams, Floor Plan - Traditional, Kitchen - Table Space, Tub Shower, Ceiling Fan(s), Dining Area, Kitchen - Eat-In, Walk-in Closet(s), Wood Floors

Exterior Features:
Outside Shower, Secure Storage

HOA Condo Ammenities:


Map locations are approximate. Please contact our sales agent for additional location information.

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SAINT LOUIS STREET

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Mike Kogler Team
Rehoboth Beach Real Estate

Long & Foster Real Estate, 37156 Rehoboth Ave. Rehoboth Beach DE 19971
(302) 236-7648