DE > Rehoboth Beach > South Rehoboth
Rehoboth Beach, DE 19971,16 DELAWARE AVE
Rehoboth Beach, DE 19971,16 DELAWARE AVE
Rehoboth Beach, DE 19971,16 DELAWARE AVE
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$3,299,000
Est. payment /mo
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10 Beds
5 Baths
3,300 SqFt
Active

16 DELAWARE AVE Rehoboth Beach, DE 19971

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Matthew Curcio

Matthew Curcio

+1(856) 207-7592

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $999

Subdivision South Rehoboth

MLS Listing ID DESU2087708

Style Coastal,Cottage

Bedrooms 10

Full Baths 4

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 3,300

Year Built 1914

Annual Tax Amount $3,414

Tax Year 2019

Lot Size 5,029 Sqft

Acres 0.12

Property Sub-Type Detached

Source BRIGHT

Property Description

Charming Turn-of-the-Century Cottage with Significant Income Potential – Just Steps from theRehoboth Beach Boardwalk
Main House: 7 Bedrooms | 3.5 Baths -
Guest House: 3 Bedrooms | 1 Bath -
Two Rental Licenses | Six-Figure Annual Income
Nestled on the ocean block of one of Rehoboth's most iconic locations, 16 Delaware Avenue is a rare opportunity to own a piece of coastal history just steps from the iconic boardwalk and sandy beaches. This charming turn-of-the-century cottage offers classic character and exceptional investment potential in the heart of Rehoboth Beach.
The main house features 7 spacious bedrooms and 3.5 baths, and a new kitchen perfect for large gatherings or multiple tenants. In addition, a detached guest house offers 3 bedrooms and 1 full bath, ideal for overflow guests or an additional rental stream. With two active rental licenses, the property is a proven income generator, already bringing in six figures annually with low operating costs given the newly installed solar array.
There's additional upside: with thoughtful updates and enhancements, rental income could easily double, as demonstrated by comparable nearby properties. Whether you're looking for a full-time beach retreat, a vacation getaway, or a high-performing investment, this property offers the flexibility and location that discerning buyers seek.
Enjoy morning strolls along the boardwalk, easy access to shops and restaurants, and a home filled with vintage charm and modern potential.
Bonus Opportunity: This home can also be purchased in combination with neighboring 18 Delaware Avenue (MLS# DESU2087710), offering a rare chance to own a 100x100 foot compound in one of the most sought-after locations in Rehoboth Beach. Whether you're looking for a private family estate or a high-performing vacation rental portfolio, the possibilities here are truly unique.
Don't miss this exceptional opportunity in the heart of Rehoboth Beach

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning TN

Direction North

Rooms

Other Rooms Additional Bedroom

Main Level Bedrooms 10

Interior

Hot Water Electric

Heating Heat Pump - Electric BackUp

Cooling Central A/C

Flooring Carpet, Ceramic Tile

Fireplaces Number 1

Fireplaces Type Brick

Fireplace Y

Heat Source Electric

Exterior

Water Access N

Roof Type Architectural Shingle

Accessibility None

Garage N

Building

Story 2

Foundation Crawl Space

Above Ground Finished SqFt 3300

Sewer Public Sewer

Water Public

Architectural Style Coastal, Cottage

Level or Stories 2

Additional Building Above Grade, Below Grade

Structure Type Wood Walls,Other

New Construction N

Schools

Elementary Schools Rehoboth

Middle Schools Beacon

High Schools Cape Henlopen

School District Cape Henlopen

Others

Pets Allowed Y

Senior Community No

Tax ID 334-14.18-64.00

Ownership Fee Simple

SqFt Source 3300

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Pets Allowed Cats OK, Dogs OK

Virtual Tour https://www.zillow.com/view-imx/ef2e294a-b32f-4199-a89d-bfe24d3c31af?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Bright MLS (BMLS)

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Matthew Curcio

Matthew Curcio

Broker Associate & Team Leader | License ID: 0121845

+1(856) 207-7592

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16 DELAWARE AVE

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