$ 65,000
-
$65,000
Price -
1
Bed -
1
Bath -
354
SqFt
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About the Listing OAA204 - 3256954,3258303
UNMATCHED OPPORTUNITY! OCEANFRONT OWNERSHIP + RENTAL INCOME OPPORTUNITY! Imagine waking up to the sound of waves, stepping outside, and walking directly onto the sand. Enjoy morning strolls along the shoreline, afternoons soaking up the sun, and evening walks under glowing sunsets — all without having to drive anywhere or fight for parking. Welcome to The Surf Club, where OCEANFRONT LIVING MEETS FLEXIBILITY, INCOME POTENTIAL, AND HASSLE-FREE OWNERSHIP — and all without spending millions of dollars. This beautifully maintained 1-BEDROOM, 1-BATH CONDO comfortably SLEEPS FIVE thanks to a KING-SIZED BED, a QUEEN-SIZED SLEEPER SOFA, and a VERSATILE SLEEPING BENCH — making it perfect for families, guests, or maximizing rental potential. You'll enjoy 13 WEEKS OF DEEDED OWNERSHIP each year — this is NOT A TIMESHARE! FLEXIBLE RENTAL PROGRAM: At the beginning of each year, owners choose which weeks to USE and which to RENT. Any weeks placed into the SOV RENTAL POOL earn income based on the total rentals for your room category that week. If you’re the only owner renting, you keep 100% OF YOUR UNIT’S PROFITS. If multiple SOV units are rented, profits are divided equally among those owners. Nightly rental rates are market-driven, and on-site professional management — the same team that operates the HYATT at the Rusty Rudder — handles bookings, cleanings, maintenance, utilities, taxes, and insurance. You can also switch plans last minute: if you originally planned to use your week but can’t, you can make it available for rental. Likewise, if you planned to rent but decide you want to come, you can — as long as your unit or another available SOV is open. With SUMMER WEEKS TYPICALLY BOOKED, this property offers a RARE OPPORTUNITY to enjoy GUARANTEED VACATION TIME and PASSIVE INCOME — without the stress of managing a rental. Spend your mornings sipping coffee with a view, your afternoons on the sand, and your evenings strolling to Dewey’s best restaurants, live music, and nightlife — all just steps away. And when you want to explore, hop on the Jolly Trolley for a quick ride into Rehoboth. This isn’t just oceanfront ownership — it’s the ultimate Delaware beach lifestyle combined with a smart investment opportunity. With its prime SOV location, sleeping capacity for five, flexible rental income, and professional management, this condo delivers the best of both worlds. All of this can be yours for the price of a car!
Listing Highlights for 1 Read Avenue 116d
Status
Active
Days on Site
20
Property Type
Condo
MLS ®
DESU2122792
Year Built
1955
Total Square Footage
354
County
Sussex
Building Name
The Surf Club
Neighborhood
None Available
HOA Dues
435/Monthly
School District
Cape Henlopen
Interior Details
- Bedrooms: 1
- Bathrooms: 1 Full
- Appliances: Cooktop, Microwave, Refrigerator
- Air Cond: Ductless/Mini-Split
- Heating: Wall Unit
- Fireplaces:
- Floor: Luxury Vinyl Plank
- Above Ground Sq Ft: 354
- Basement:
- Other: Ceiling Fan(s),Dining Area,Floor Plan - Open,Kitchenette,Recessed Lighting,Main Floor Bedrooms: 1
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,Waterfront
- Garage Capacity: 1 car
- Parking Spaces: 1
- Zoning: RC
- Roof:
- Others: Outside Shower,Swimming Pool,Pool - Outdoor,Laundry Facilities,Recreational Center,Reserved/Assigned Parking,Common Area Maintenance,Cable TV,Ext Bldg Maint,Electricity,Heat,Insurance,Management,Pool(s),Recreation Facility,Reserve Funds,Sewer,Snow Removal,Trash
- Sewer: Public Sewer
- Parking Features: Assigned,Covered Parking,Parking Garage,1+ Spaces
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
1 Read Avenue 116d Dewey Beach, DE 19971
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