20 Saint Louis St, Dewey Beach, 19971 $3,525,000

MLS Number
Desu2022494
Bedrooms
4
Full Baths
2
Standard Status
Active
Waterfront
N
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. (Or you can build smaller or use as is!) Architectural plans included with sale.


Exterior Features

View
Garden/lawn, street
Architectural Style
Cottage, coastal, ranch/rambler
Construction Materials
Frame, shingle Siding
Exterior Features
Outside Shower, secure Storage
Foundation Details
Crawl Space
Parking Features
Crushed Stone
Roof
Architectural Shingle
Water Body Type
Ocean

Interior Features

Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Heat Pump(s), central A/c
Hot Water
Electric
Fireplace
Y
Flooring
Hardwood
Appliances
Dishwasher, dryer - Electric, extra Refrigerator/freezer, microwave, stove, water Heater, washer, refrigerator, range Hood, oven/range - Electric
Interior Features
Attic, breakfast Area, combination Kitchen/dining, entry Level Bedroom, exposed Beams, floor Plan - Traditional, kitchen - Table Space, tub Shower, ceiling Fan(s), dining Area, kitchen - Eat-in, walk-in Closet(s), wood Floors

Additional Details

Elementary School
Rehoboth
High School
Cape Henlopen
Middle School
Beacon
Square Footage
1508
Acres
0.17
Year Built
1957
New Construction
N
Property Type
Residential
County
Sussex
School District Name
Cape Henlopen
Sussex DE Quadrants
East Of Rt 1