1. Delaware
  2. Rehoboth Beach
  3. 16 DELAWARE AVE
$3,299,000

16 DELAWARE AVE, Rehoboth Beach, DE 19971

  • 10 beds |
  • 5 baths |
  • 3,300 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1914
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $1,000/sqft
  • Property List Date Icon Listed 1 month ago

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

Listing Status:
Active
Listing Office:
Monument Sotheby's International Realty : 3022276767
Listing Agent:
Michael Reamy Jr : 3022276767
MLS ID:
DESU2087708
  • Rooms: Additional Bedroom
  • Flooring: CarpetCeramic tile
  • A/C: Central A/C
  • Heating: Heat Pump - Electric BackUpElectric
  • Fireplace: BrickFireplaceFireplaces: 1
  • Disability Feature: None

This listing courtesy of Michael Reamy Jr, Monument Sotheby's International Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rehoboth Elementary School

500 Stockley St, Rehoboth Beach, DE, 19971

Grades KG-5

0.69 miles away

B

Beacon Middle School

19483 John J Williams Hwy, Lewes, DE, 19958

Grades 6-8

3.84 miles away

C

Cape Henlopen High School

1250 Kings Hwy, Lewes, DE, 19958

Grades 9-12

4.89 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.