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38180 TERRACE RD Rehoboth Beach, DE 19971 -- MLS# DESU2045668 Real Estate

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38180 TERRACE RD
Rehoboth Beach, DE 19971
UNDER
CONTRACT
$2,550,000
Under Contract
3
Beds
4
Baths
1
Garage
1,600
Sq.Ft.
0.32
Acres
MLS# DESU2045668
Listed on site 55 days since August 5th, 2023

Property Details

2 Lots just outside town limits just 2.5 blocks from the iconic Boardwalk and the shimmering Atlantic Ocean. build two homes and share the pool. , The existing Cottage is a charming classic is nestled on not one, but two spacious lots in the desirable Silver Lake Manor neighborhood. A true retreat that combines the convenience of downtown Rehoboth with a sense of serene privacy. Step inside this picturesque home and prepare to be captivated. Boasting alluring Cottage Chic upgrades, including gleaming stainless steel appliances, stunning Carrera marble countertops, farm sink, upgraded cabinetry, and a generously sized, 19x23 screened porch for outdoor living, every aspect has been meticulously designed to offer both style and comfort. The striking property itself presents an enticing opportunity for local high-end builders, while at the same time, it should not be underestimated as a hidden gem in its own right. With a full basement for additional space and storage, a large heated pool adorned by gas torches with fenced yard ensuring privacy and security, and a delicate touch of original knotty pine, this well-cared-for home offers the epitome of comfortable living. Although it has never been rented before, the potential for this exquisite property to generate over $100K per season is evident, making it an exceptional investment opportunity. But for now, take a moment to unwind on the charming back deck and savor the breathtaking sunsets with a refreshing beverage in hand. Let the cares of the day melt away as you embrace the truly endless beauty that surrounds you.

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Property Highlights

Status
Under Contract
Price
$ 2,550,000
Property Type
Residential
Structure Type
Detached
House Style
Ranch/Rambler
Bedrooms
3
Bathrooms
4.00
Pool
Yes - Personal
Acres
0.32
Year Built
1974

Location

Subdivision
Silver Lake Manor
Lot Description
Landscaping, Partly Wooded, Subdivision Possible
County
SUSSEX
Water View
No
Water Front
No

Heating, Cooling & Utilities

Heating
Forced Air, Heat Pump(s)
Cooling
Attic Fan, Central A/C, Heat Pump(s)
Heating Fuel
Propane - Leased, Oil
Navigable Water
No
Sewer/Septic
Public Sewer

Features

Appliances
Cooktop, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Extra Refrigerator/Freezer, Icemaker, Refrigerator, Microwave, Oven/Range - Gas, Oven - Self Cleaning, Washer
Fireplaces
1
Location Type
Downtown
Handicap
None

Building Details

Parking
Surface
Garage Spaces
1
Above Grade Square Footage
1,600
Exterior Features
Hot Tub, Lawn Sprinkler, Outside Shower
New Construction
No
Exterior Construction
Stick Built, Vinyl Siding
Levels / Stories
1
Exposure
Architectural Shingle, Asbestos Shingle

Taxes & Terms

Ownership Interest
Fee Simple
Garage Features
Garage Door Opener
Ownership Interest
Fee Simple
Potential Short Sale
Standard
HOA
No
Listed by Dave Mccarthy & Associates, Inc..
Listing Data last updated 29th September, 2023 19:00 MST
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Property History

55 days ago
Property Listed
24 days ago
Date of last price change
8 days ago
Property info last updated

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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Listing information on this site was last updated 29th September, 2023 19:00 MST. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of BRIGHT MLS. Real estate listings held by brokerage firms other than Crowley Associates Realty, Inc., may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Listing Data last updated: 29th September, 2023 19:00 MST
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