25 Olive Ave, Rehoboth Beach, DE 19971
$1,950,000

MLS#
1001569496
Price
$1,950,000
Bedrooms
8
Full Baths
6
Standard Status
Active
Waterfront
N

QUINTESSENTIAL REHOBOTH BEACH. Nothing says WELCOME like a wraparound porch graced by an ocean breezes. This authentic ocean block gem boasts 8 Bedrooms, plus a Nursery, 6 Bathroom Main House + 2 Bedroom, 1 Bathroom, 2 Living Room Detached Guest Cottage. Ample parking. Never fret about parking again with parking for 7 cars at Main House + additional parking for 2 Cars at Guest Cottage. Collect over $100,000 annual rental income. Classic Architecture & Family Fun never go out of style. Four levels of family harmony with the beach, boardwalk, dining and entertainment at your doorstep. Retire each night to the lullaby of the ocean. 484 sq ft of Total 3,028 sq ft located in Basement. The value of an unimproved standard size, oceanblock, Rehoboth Beach lot has been well established to be not less than $1.5 M, add to this the premium ($200K) equivalent to the amount of mortgage money subsidized by the income potential of the Guest Cottage alone, add to this the premium for a 50% larger lot than the norm ($200K), and a greater appreciation emerges. Memories are made here.

Exterior Features


Stories
3
Architectural Style
Victorian
Construction Materials
Vinyl Siding
Exterior Features
Outside Shower
Foundation Details
Block
Parking Features
Paved Driveway
Outdoor Living Structures
Porch(es), screened, wrap Around
Roof
Architectural Shingle

Interior Features


Heating
Forced Air
Heating Fuel
Electric
Cooling
Central A/c, zoned
Hot Water
Electric
Fireplace
N
Flooring
Hardwood, tile/brick
Appliances
Dishwasher, disposal, dryer - Electric, extra Refrigerator/freezer, freezer, icemaker, refrigerator, oven/range - Electric, washer, washer/dryer Stacked, water Heater
Basement Type
Sump Pump, full, walkout Stairs, partially Finished
Interior Features
2nd Kitchen, window Treatments

Additional Details


Square Footage
6000
Acres
0.18
Year Built
1910
New Construction
N
Property Type
Residential
County
Sussex
Lot Size Area
7839
Lot Size Dimensions
77x102x77x102
SchoolDistrictName
Cape Henlopen
Sussex DE Quadrants
East Of Rt 1