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DEWEY BEACH Real Estate
Ocean Front Property For Sale


20 SAINT LOUIS
DEWEY BEACH Delaware
Ocean Front

Ocean Front
4 Bedrooms, 2 Bathrooms

Price: $3,795,000.00

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.


Bedrooms: 4
Full Baths: 2
Half Baths: 0
Waterfront: Ocean Front
Waterview: Garden/Lawn,Street View
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

Courtesy of: BAY COAST REALTY
Listing Status: Active



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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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