25 Olive Avenue, Rehoboth Beach, DE 19971

$1,950,000
8
BD
4
BA
6,000
SqFt
List Price
$1,950,000
Price Change
▼ $300,000 1546465456
Days On Market
235
Status
ACTIVE
MLS#
1001569496
Bedrooms
8
Bathrooms
4
Full Baths
4
Living Area
6,000
Lot Size (Acres)
0.18
Style
Post & Beam, Victorian
Year Built
1910
County
Sussex
School District
Cape Henlopen

Property Description

QUINTESSENTIAL REHOBOTH BEACH. Nothing says WELCOME like a wrap around porch graces 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. 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. Memories are made here. At it's new price, $1,950,000, all are encouraged to make the time to have another look at 25 Olive Avenue. The value of an unimproved standard size, oceanblock, Rehoboth Beach lot has been well established to be not less than $1.5 M, add the premium ($200K) equivalent to the amount of mortgage money is subsidized by the income potential of the Guest Cottage alone, add the premium for a 50% larger lot than the norm ($200K), and a new perspective of 25 Olive Avenue emerges.

Additional Information

Area
Lewes Rehoboth Hundred (31009)
Subdivision
North Rehoboth
Stories
3
Interior Features
2nd Kitchen, Window Treatments
Amenities
Beach
School District
Cape Henlopen
Fireplace Description
Wood
Flooring
Hardwood, Tile/Brick
Exterior Features
Outside Shower
Community Amenities
Beach
Heating
Forced Air
Heating Fuel
Electric
Cooling
Central A/C, Zoned
Roof
Architectural Shingle
Utilities
Cable TV Available
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of COLDWELL BANKER RESORT REALTY - R.