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20 Saint Louis Street

DEWEY BEACH, DE 19971
  • $3,795,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: DESU2022494
$3,795,000
  • 4
    BEDS
  • 0.17
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,508
    SQFT
  • $2,517
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1957
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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. Architectural plans included with sale.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows and Associates | Ocean Atlantic Sotheby's International Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-06-26T23:49:26.883.
www.barrowsandassociates.com/homes/129188816
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20 Saint Louis Street DEWEY BEACH, DE 19971

  • Price: $3,795,000
  • Status: Active
  • On Site: 31 Days
  • ID#: DESU2022494
4
Beds
2
Baths
0
½ Baths
0.17
Acres
1,508
SQFT
$2,517
$/SQFT
1957
Built
Neighborhood:
Rehoboth By The Sea
County:
Sussex
Area:
Lewes Rehoboth Hundred (31009)
Elementary School:
Rehoboth
Middle School:
Beacon
High School:
Cape Henlopen
School District:
Cape Henlopen
Property Description
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. Architectural plans included with sale.
Exterior Features

Architectural Style CottageCoastalRanch/Rambler Construction Materials FrameShingle Siding Direction Faces North Distance To Body Of Water 1 Exterior Features Outside ShowerSecure Storage Garage YN No Location Type Oceanblock Lot Features No Thru StreetBacks To TreesLandscaping Other Structures Above GradeBelow Grade Parking Features Crushed Stone Parking Types Driveway Pool No Pool Property Condition Very Good Riparian Rights YN No Roof Architectural Shingle View Garden/LawnStreet Water Access YN No Water Body Name Atlantic Ocean Water Body Type Ocean Water Oriented YN Yes Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1508 Appliances DishwasherDryer - ElectricExtra Refrigerator/FreezerMicrowaveStoveWater HeaterWasherRefrigeratorRange HoodOven/Range - Electric Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Heat Pump(S)Central A/C Exclusions Dining Room Pine BuffetSofa in Living Room. Coffee Table in Sun Room. Red Rug Runner in Sun Room. 2 Twin Wooden Frames. Items in Sheds. Fireplace Features BrickWood Fireplace YN Yes Fireplaces Total 1 Flooring Hardwood Furnished Partially Heating Heat Pump(S) Heating YN Yes Inclusions Partially Furnished. Interior Features AtticBreakfast AreaCombination Kitchen/DiningEntry Level BedroomExposed BeamsFloor Plan - TraditionalKitchen - Table SpaceTub ShowerCeiling Fan(S)Dining AreaKitchen - Eat-InWalk-In Closet(S)Wood Floors Laundry Type Has LaundryMain Floor Levels 1 Main Level Bedrooms 4 Pets Allowed Case By Case Basis Room List Living RoomDining RoomPrimary BedroomBedroom 2Bedroom 3Bedroom 4KitchenSun/Florida RoomLaundryBathroom 1Bathroom 2 Spa YN No Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashConventional Accessibility Features No Stairs Assessment Year 2020 Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Electric Circuit Breakers Federal Flood Zone YN No Foundation Details Crawl Space Heating Fuel Electric Historic YN No Horse YN No Hot Water Electric Internet Services CableBroadband Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 801598609780 Ownership Interest Fee Simple Pets Allowed YN Yes Possession Immediate Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 2286.00 Tax Lot 17 Total Actual Rent 93700.00 Utilities Cable Tv AvailablePhone Available Vacation Rental YN Yes Water Source Public Window Features Screens Zoning Tn

Listing courtesy of Bay Coast Realty.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows and Associates | Ocean Atlantic Sotheby's International Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-06-26T23:49:26.883.
 
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Barrows and Associates | Ocean Atlantic Sotheby's International Realty
18949 Coastal Highway Suite 304
Rehoboth Beach DE, 19971