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.
Listing courtesy of COLDWELL BANKER RESORT REALTY - R.