$3,525,000

20 Saint Louis St, Dewey Beach, DE, 19971

4

Beds

2

Baths

1,508

Square feet

0.17

Acres

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.

Facts & Features

MLS® # DESU2022494
Price $3,525,000
Bedrooms 4
Bathrooms 2.00
Full Baths 2
Square Footage 1,508
Acres 0.17
Year Built 1957
Type Residential
Sub-Type Detached
Style Cottage, Coastal, Rancher
Status Active

Community Information

Address 20 Saint Louis St
Area Lewes Rehoboth Hundred (31009)
Subdivision REHOBOTH BY THE SEA
City Dewey Beach
County SUSSEX-DE
State DE
Zip Code 19971

Amenities

Amenities Attic, Entry Lvl BR, Exposed Beams, Tub Shower, CeilngFan(s), Walk-in Closet(s), Wood Floors
Utilities Cable TV Available, Phone Available
Parking Crushed Stone
View Garden/Lawn, Street
Is Waterfront No

Interior

Interior Features Floor Plan-Traditional
Appliances Dishwasher, Dryer - Electric, Extra Refrg/Frz, Microwave, Stove, Water Heater, Washer, Refrigerator, Range hood, Oven/Range-Electric
Heating Heat Pump(s)
Cooling Heat Pump(s), Central A/C
Has Basement No
Fireplace Yes
# of Fireplaces 1
Fireplaces Brick, Wood
# of Stories 1
Stories 1 Story

Exterior

Exterior Frame, Shingle
Exterior Features Outside Shower, Secure Storage
Lot Description No thru street, Backs to Trees, Landscaping
Windows Screens
Roof Architectural Shingle
Foundation Crawl Space

School Information

District CAPE HENLOPEN
Elementary REHOBOTH
Middle BEACON
High CAPE HENLOPEN

Additional Information

Date Listed May 26th, 2022
Days on Market 80
Zoning TN
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBAY COAST REALTY

Listing Map

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