226 STATE RD Rehoboth Beach, DE 19971 -- MLS# DESU2034988 Real Estate

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226 STATE RD

Rehoboth Beach, DE 19971

FOR

SALE

$2,550,000

For Sale

Beds

Baths

2,500

Sq.Ft.

0.11

Acres

2021

Yr. Built

MLS# DESU2034988

Listed on site 63 days since January 24th, 2023

Property Details

AN INVESTMENT DREAM COME TRUE - POOL AND BASEMENT! This custom home built in 2021 features 5 BEDROOMS, 5.5 BATHS, a full finished BASEMENT and the ever desirable inground, heated POOL located right in downtown Rehoboth. While this property would make an excellent primary or second home, the investment potential as a rental property is second to none. Built with a firm understanding of what renters are looking for, this home has an extremely impressive rental history. In 2022 the NET income after commissions was $142,000 and $108,000 from July to December alone in 2021. Weeks booking for 2023 now around $12,500+ / - week during peak summer. What’s more, this home is being sold turn-key, fully furnished with high end pieces. Upon entry, you’ll be welcomed into the spacious living room which reaches through to the kitchen and dining area. Luxury vinyl plank flooring flows throughout the entirety of the home's living spaces and bedrooms. The first floor primary suite entrance is encased by double doors and boasts a large bedroom, sun filled windows and an attached bath with custom tiled shower and dual vanities. The kitchen has stainless steel appliances, custom pendant lighting and a large island perfect for entertaining. With large sliding glass doors leading out to the pool, you are only steps away from the backyard oasis. Here you’ll find the large concrete pool complete with patio area, BBQ grill with propane gas line, irrigation system and large outbuilding for storage, all fenced in with 6 foot privacy fencing. Back inside, the kitchen flows into the dining space, making gathering for meal times a breeze. The dining area is accented by custom millwork, an enormous picture window and plenty of space to fit all guests of the home. An entirely separate living area and game center awaits in the fully finished basement. This space is enhanced with recessed lighting, huge pool table, large flat screen TV multiple sitting areas and even a Skee Ball machine! Upstairs you’ll find the remaining 4 bedroom suites, complete with their own full, custom tile work bathrooms and pocket doors. The laundry room is conveniently located on the 2nd floor. Walk to Dogfish Head Brew Pub, Rise Up, Egg and so many more popular Rehoboth Beach shops, restaurants and bars. The beach and boardwalk are just a few short blocks away – nearby Hickman Street offers a direct route.

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Property Highlights

Status

For Sale

Price

$ 2,550,000

Property Type

Residential

Structure Type

Detached

House Style

Contemporary, Coastal

Bedrooms

Bathrooms

6.00

Pool

Yes - Personal

Acres

0.11

Year Built

2021

Location

Subdivision

Country Club Estates

Lot Description

Landscaping

County

SUSSEX

Water View

Water Front

Heating, Cooling & Utilities

Heating

Heat Pump(s)

Cooling

Central A/C

Heating Fuel

Electric

Navigable Water

Sewer/Septic

Public Sewer

Features

Appliances

Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater

Handicap

None

Building Details

Parking

Paved Driveway

Above Grade Square Footage

2,500

Exterior Features

BBQ Grill, Outbuilding(s), Underground Lawn Sprinkler

New Construction

Exterior Construction

Stick Built

Levels / Stories

Exposure

Architectural Shingle

Taxes & Terms

Ownership Interest

Fee Simple

Taxes

$2,095

Ownership Interest

Fee Simple

Potential Short Sale

Standard

HOA

Yes

HOA Fee

$20.00

Listed by Jack Lingo - Lewes

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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 29-Mar-2023 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independantly verified.

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Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
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Property History

63 days ago

Property Listed

Today

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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information on this site was last updated 28th March, 2023 17:00 MST. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MRIS MLS Real estate listings held by brokerage firms other than Bay Coast Realty, may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing Data last updated: 28th March, 2023 17:00 MST