800-441-8118

20 SAINT LOUIS ST, DEWEY BEACH

MLS #DESU2022494
Listing #DESU2022494: image #1

$ 3,795,000

Beds 4
Baths 2
Community: Rehoboth By The Sea
  • Description

    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.
    Listed By: 
    BAY COAST REALTY
  • Property Details

    Property Type:

    Community:

    Style: 
    Ranch/Rambler

    Building Name:

    Lot Sq. Feet: 
    7,405
    Year Built: 
    1957
    County Tax: 
    $136.00
    City Tax: 
    $850.00
    School District: 
    CAPE HENLOPEN
  • Exterior Features
    Foundation: 
    Crawl Space
    Construction Type: 
    Shingle Siding
    Roofing: 
    Architectural Shingle

    Exterior Features:

    Sewer: 
    Public Sewer
    Water: 
    Public
  • Interior Features
    Fireplace: 
    Brick,Wood
    Heating System: 
    Heat Pump(s)
    Cooling System: 
    Central A/C
    Primary Flooring: 
    Hardwood

    Appliances:

    Interior Features:

Map

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