20 Saint Louis St,
Dewey Beach, De 19971
$3,795,000

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. Architectural plans included with sale.


Essentials

MLS Number
Desu2022494
List Price
$3,795,000
Bedrooms
4
Full Baths
2
Standard Status
Active
Year Built
1957
New Construction
N
Property Type
Residential
Waterfront
N

Interior

Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Heat Pump(s), central A/c
Hot Water
Electric
Fireplace Features
Brick, wood
Fireplace
Y
Flooring
Hardwood
Square Footage
1508

Exterior

Architectural Style
Cottage, coastal, ranch/rambler
Construction Materials
Frame, shingle Siding
Roof
Architectural Shingle
Foundation Details
Crawl Space

Location

Address
20 Saint Louis St, Dewey Beach, De
Subdivision Name
Rehoboth By The Sea
Acres
0.17
Lot Features
No Thru Street, backs To Trees, landscaping
View
Garden/lawn, street
MLS Area
Lewes Rehoboth Hundred (31009)


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

Appliances

  • Dishwasher
  • Dryer - Electric
  • Extra Refrigerator/Freezer
  • Microwave
  • Stove
  • Water Heater
  • Washer
  • Refrigerator
  • Range Hood
  • Oven/Range - Electric

Additional Information

Parking Features
Crushed Stone
SchoolDistrictName
Cape Henlopen
Sewer Septic
Public Sewer
Tax Annual Amount
$2,286
Water Source
Public


Listing courtesy of Bay Coast Realty.