DEWEY BEACH Real Estate

20 SAINT LOUIS DEWEY BEACH Delaware

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20 SAINT LOUIS NONE AVAILABLE DEWEY BEACH DELAWARE

4 Bedrooms, 2 Bathrooms


Price: $3,795,000.00
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Listing Status: Active

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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Map This Location

MLS #: DESU2022494 Price: $3,795,000.00
Address: SAINT LOUIS
Building Name: NONE AVAILABLE
City: DEWEY BEACH
Area: East of Rt 1
Subdivision: REHOBOTH BY THE SEA
Dwelling Type: Year Built: 1957
Bedrooms: 4 Full Baths: 2 Half Baths: 0
Waterfront: Ocean 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


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:
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

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SAINT LOUIS


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Map locations are approximate. Please contact one of our sales agents for additional location information.

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All Listings data based on information from Sussex County Association of REALTORS®, Inc which neither guarantees nor is in any way responsible for it's accuracy. All data is provided 'AS IS' and with all it's faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market. Bennett Realty is a Real Estate licensee in the State of Delaware License Number: SCAOR12262.