Rehoboth Beach Real Estate Property For Sale

37519 OYSTER HOUSE, NONE AVAILABLE Rehoboth Beach , Delaware


3 Bedrooms
2 Full Bathrooms
Half Baths: 0

Price: $999,000.00

$101,000 BELOW APPRAISED VALUE! Appraisal available upon request. PLAN TO BUILD UP TO 4 HOMES while keeping your cash flowing and fully renovated, original Rehoboth Beach Cottage with separate in law suite on almost HALF AN ACRE. New construction homes around the corner selling for 1.4 million each. Do not miss your chance to own an already cash flowing Investment, east of route one, walking distance to famed Rehoboth Beach and Boardwalk, outside of Rehoboth Beach city Limits. Current code will allow planning for 4 single family homes while you keep the cash flow of the renovated units. Air BNB is expected to realize $66,000 during the 2022 summer season alone. Off street parking for 8 plus and one lot from the Rehoboth Lewes Canal. A bike path about 40ft away has already been approved by the city to lead directly onto Rehoboth Ave. A new Development is being build right around the corner with homes ranging from 1-1.4million before finishes. What an amazing opportunity to own a cash flowing, Original Rehoboth Cottage with the ability to develop and the ease of dealing with Sussex county. Buyer is responsible to confirm all permitted land uses with the County. Seller is a licensed Delaware Realtor.

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MLS #: DESU2025534
Price: $999,000.00
Waterfront: Waterview: Canal
Dwelling Type:
Year Built: 1960
Waterview: Canal
Lot Dimensions: 75.00 x 219.00
Acreage: 0.37
Dwelling Sq Ft: 0.00
Garage: Driveway

Heating: Forced Air
Cooling: Central A/C
County Taxes: $24
City Taxes: $0
Water Fee: $0
Sewer Fee:
Association Fee: $0
Condo Fee: $0
Trash Fee: $0
Ground Rent: $0

Listing Broker: EXP Realty, LLC
Broker Lead Email:
Broker Lead Phone Number: (888) 543-4829


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