$ 2,400,000
-
$2,400,000
Price -
4
Bed -
2
Bath -
1,500
SqFt
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About the Listing OAA204 - 3256954,3258303
Opportunities like this rarely come along! This updated 4-bedroom, 2-bath beach cottage sits on an oversized 50’ x 131.98’ lot on the second ocean block in South Rehoboth Beach. Just steps to the sand and surf. It’s nearly impossible to find a property this close to the ocean with this much space to enjoy now and incredible potential for the future. The home offers a charming three-season front porch, a rear deck perfect for dining after the beach, and a large backyard overlooking a small pond. Enjoy it as-is, or design your dream home, beach retreat, or rental investment. Two well-known local builders have confirmed that a pool or hot tub can fit in the backyard if the new home is designed thoughtfully. Currently, the property generates between $66,000–$70,000 annually through a mix of short-term weekly rentals and a long-term off-season tenant. There’s ample parking with both off-street and street spaces available. Located on a quiet, tree-lined street, this home offers a peaceful setting while being just moments from the best of downtown Rehoboth Beach — from boutique shopping and gourmet dining to the Bandstand concerts, art shows, and beloved annual events like Sea Witch Festival, JazzFest, Gumbo Crawl, and the Rehoboth Christmas Parade. Whether you’re looking for a turn-key beach cottage, an investment property with strong rental history, or a blank canvas for your future coastal masterpiece — 116 Laurel Street is a rare gem with endless potential.
Listing Highlights
Status
Pending
Days on Site
23
Property Type
Residential
MLS ®
DESU2100576
Year Built
1974
Total Square Footage
1,500
Lot/Acreage
0.15
County
Sussex
Building Name
NONE AVAILABLE
Neighborhood
South Rehoboth
School District
Cape Henlopen
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances: Built-In Microwave, Oven/Range - Electric, Oven - Self Cleaning, Refrigerator, Icemaker, Washer, Dryer, Water Heater
- Air Cond: Central A/C
- Heating: Heat Pump(s)
- Fireplaces: 1, Wood,1 Fireplace
- Floor: Luxury Vinyl Plank,Tile/Brick
- Above Ground Sq Ft: 1500
- Below Ground Sq Ft: 0
- Basement:
- Other: Entry Level Bedroom,Dining Area,Upgraded Countertops,Main Floor Bedrooms: 4
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Lot Dimensions: 50.00 x 132.00
- Zoning: TN
- Roof: Architectural Shingle
- Others: Outside Shower
- Sewer: Public Sewer
- Parking Features: Driveway,Off Street
Financial Details
- Tax Amount: $5,182
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
116 Laurel St Rehoboth Beach, DE 19971
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