$ 419,900
-
$419,900
Price -
2
Bed -
2
Bath -
1,064
SqFt
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About the Listing IVREATB1 - 3145800
Proven Income Producer – Turnkey Coastal Retreat! If you’re searching for a remarkable beach investment with immediate income potential, this beautifully renovated first-floor condo is a rare opportunity. In 2025 alone the property generated over $32,000 in rental income—and that figure was reduced due to a long-term renter occupying part of the season. The home has been completely refreshed and thoughtfully redesigned, featuring a brand-new kitchen, stylish tile-surround bathrooms, and designer furnishings throughout. Even better, all furniture conveys, making this a truly turnkey investment or effortless second home. Major updates provide added peace of mind, including a new HVAC system installed in 2025, allowing owners and guests to enjoy comfort year-round. Step onto the screened porch overlooking the community pool, the perfect spot to sip your morning coffee or unwind with a glass of wine after a day at the beach. Ideally located with easy access to Route 1, tax-free outlet shopping, restaurants, and Delaware’s beautiful beaches, and just moments from the bike trail, this home blends convenience with coastal charm. The first-floor location offers easy accessibility for owners and guests alike. Whether you’re looking for a proven income-producing property or a coastal getaway that helps pay for itself, this one truly stands out. EASY TO SHOW
Listing Highlights
Status
Active
Days on Site
8
Property Type
Condo
MLS ®
DESU2106504
Year Built
2003
Total Square Footage
1,064
Lot/Acreage
N/A
County
Sussex
Building Name
NONE AVAILABLE
Neighborhood
The Palms
HOA Dues
800/Quarterly
School District
Cape Henlopen
High School
Cape Henlopen
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Oven - Single, Oven - Self Cleaning, Oven/Range - Electric, Stainless Steel Appliances, Washer, Water Heater
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor: Ceramic Tile,Hardwood,Luxury Vinyl Plank
- Above Ground Sq Ft: 1064
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Dining Area,Floor Plan - Open,Wood Floors,Window Treatments,Upgraded Countertops,Kitchen - Island,Dogs OK,Cats OK,Pets Allowed,Main Floor Bedrooms: 2
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: MR
- Roof: Architectural Shingle
- Others: Excellent,Pool - Outdoor,Trash,Pool(s),Common Area Maintenance,Ext Bldg Maint,Lawn Maintenance
- Sewer: Public Sewer
- Parking Features: Paved Parking,Parking Lot,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $539
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
36525 Palm Dr Unit 5103 Rehoboth Beach, DE 19971
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