$2,975,000
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 ($110K plus a year. $8-$8.5K a week without pool. $11.5K-$12K a week with pool) ). 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. $1million. For under $4 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 (additional) on the beach block! Basement optional. If you decide to build the addition, your rental income would increase to approximately $25-30K per week ($325-$400K per year annually) based on current comps. Architectural plans included with sale. Optional construction of 6 bedroom, 4 bath at approximately $750K. Plans also attached. Construction completed in 6 to 8 months
Facts & Features
| MLS® # | DESU2049864 |
|---|---|
| Price | $2,975,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,508 |
| Acres | 0.17 |
| Year Built | 1957 |
| Type | Residential |
| Sub-Type | Detached |
| Style | Coastal, Cottage, Rancher |
| Status | Active Under Contract |
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 |
| Senior Community | No |
Amenities
| Amenities | Attic, CeilngFan(s), Entry Lvl BR, Tub Shower, Walk-in Closet(s), Wood Floors, Exposed Beams |
|---|---|
| Utilities | Phone Available, Cable TV Available |
| Parking | Crushed Stone |
| View | Street, Garden/Lawn |
| Is Waterfront | No |
Interior
| Interior Features | Floor Plan-Traditional |
|---|---|
| Appliances | Dryer - Electric, Washer, Oven/Range-Electric, Microwave, Refrigerator, Extra Refrg/Frz, Range hood, Stove, Water Heater |
| Heating | Heat Pump(s) |
| Cooling | 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, Fenced-Partially |
| Lot Description | Additional Lot(s), Backs to Trees, Landscaping |
| Windows | Screens |
| Roof | Architectural Shingle |
| Foundation | Crawl Space |
School Information
| District | CAPE HENLOPEN |
|---|
Additional Information
| Date Listed | October 21st, 2023 |
|---|---|
| Days on Market | 11 |
| Zoning | TN |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | BAY COAST REALTY |
|---|