20 Saint Louis Street, Dewey Beach, DE 19971 $3,525,000

MLS Number
Desu2022494
Subdivision Name
Rehoboth By The Sea
List Price
$3,525,000
Bedrooms
4
Full Baths
2
City Name
Dewey Beach
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.
List Office Name:
Bay Coast Realty

Interior Features

Heating
Heat Pump(s)
Cooling
Heat Pump(s), central A/c
Fireplace
Y
Flooring
Hardwood
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

Architectural Style
Cottage, coastal, ranch/rambler
Construction Materials
Frame, shingle Siding
Exterior Features
Outside Shower, secure Storage
Foundation Details
Crawl Space
Parking Features
Crushed Stone
Roof
Architectural Shingle

Additional Details

Elementary School
Rehoboth
High School
Cape Henlopen
Middle School
Beacon
Square Footage
1508
Acres
0.17
Year Built
1957
New Construction
N