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15 LAKE AVE Rehoboth Beach, DE 19971 -- MLS# DESU2039148 Real Estate

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15 LAKE AVE
Rehoboth Beach, DE 19971
UNDER
CONTRACT
$2,500,000
Under Contract
4
Beds
3
Baths
1,775
Sq.Ft.
0.11
Acres
1983
Yr. Built
MLS# DESU2039148
Listed on site 57 days since April 7th, 2023

Property Details

Unrivaled Atlantic Ocean and Lake Gerar Park views from this ocean block classic North Rehoboth Beach home just a few hundred feet from the beach and boardwalk. All the heavy lifting is done, including new windows, new roof and new HVAC. Add some cosmetic touches and this home would be a fabulous rental. First floor features a bedroom with a half- bath / laundry that could be expanded to the adjoining utility room. Second floor has two more bedrooms, a full bathroom with skylight, a living room with wood-burning fireplace and custom built-in shelving with two full sliding glass doors leading to a covered porch that can't be replicated with today's code. The working galley kitchen opens to a dining area that easily seats 8 with bench storage and leads to a bright tiled sun room and rear deck. Private third floor is a primary bedroom and full bath with its own personal deck overlooking paradise. Outdoor features include two outdoor showers, two storage sheds and a storage closet for all the beach essentials, a rear porch (easily screened) on first floor, a rear upper deck, a second floor large covered porch (also easily screened) and a third floor deck for some of the best orchestra seats in town. Improvements in 2022 to this well-cared-for home include new windows (cranks and screens in shed), new siding, new hot water heater and new fireplace cap. Operational exterior elevator lift installed that goes from first to second floor. Knotty pine walls, open staircases and coastal furnishings - this property exudes cherished memories. The Boardwalk, Rehoboth Beach activities, the recently renovated playground, dining and more are so conveniently close. Original owners never rented and enjoyed the home's amazing location for years. Rental estimates up to $8,500-$9,000 per week.

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Property Highlights

Status
Under Contract
Price
$ 2,500,000
Property Type
Residential
Structure Type
Detached
House Style
Contemporary, Coastal
Bedrooms
4
Bathrooms
3.00
Pool
No Pool
Acres
0.11
Year Built
1983

Location

Subdivision
North Rehoboth
County
SUSSEX
Water View
Yes
Water Front
No

Heating, Cooling & Utilities

Heating
Zoned, Forced Air
Cooling
Programmable Thermostat, Zoned, Central A/C
Heating Fuel
Electric
Water Access
Public Access, Public Beach
Navigable Water
Yes
Sewer/Septic
Public Sewer

Features

Appliances
Refrigerator, Oven - Single, Microwave, Dryer, Dishwasher, Washer
Fireplaces
1
Location Type
Oceanblock
Handicap
Elevator

Building Details

Parking
Concrete Driveway, Permit Included, Under Home Parking
Above Grade Square Footage
1,775
Exterior Features
Outbuilding(s), Outside Shower, Secure Storage
New Construction
No
Exterior Construction
Concrete, Masonry, Mixed Plumbing, Stick Built, Wood Siding
Levels / Stories
3
Exposure
Architectural Shingle

Community

Elementary
REHOBOTH
Junior High
BEACON
Senior High
CAPE HENLOPEN

Taxes & Terms

Ownership Interest
Fee Simple
Taxes
$2,864
Ownership Interest
Fee Simple
Potential Short Sale
Standard
HOA
No
Listed by Jack Lingo - Rehoboth. Listing Data last updated 4th June, 2023 16:00 MST
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Property History

57 days ago
Property Listed
5 days ago
Property info last updated

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Listing Data last updated: 4th June, 2023 16:00 MST
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All Listings data based on information from Sussex County Association of REALTORS®, which neither guarantees nor is in any way responsible for it's accuracy. All data is provided 'AS IS' and with all its faults. Data maintained by Sussex County Association of REALTORS® may not reflect all real estate activity in the market. CROWLEY ASSOCIALTES REALTY, INC. is a Real Estate licensee in the State of Delaware License Number: SCAOR: #SCAOR07031

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