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.
Listing courtesy of COLDWELL BANKER RESORT REALTY - R.