20 SAINT LOUIS STREET

DEWEY BEACH, DE, 19971

$3,525,000

$2,337 per ft²
$3,525,000
$2,337 per ft²
Active
Active
 - For Sale
beds
4 Beds
baths
2 Baths
carpenters-square
1,508 ft²
property_type
Residential
calendar
Built 1957
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.
MLS® ID:
DESU2022494
Updated:
8/17/22

Interior Features

Kitchen Appliances
Dishwasher, Dryer - Electric, Extra Refrigerator/Freezer, Microwave, Stove, Water Heater, Washer, Refrigerator, Range Hood, Oven/Range - Electric
Total Bedrooms
4
Full Bathrooms
2
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
Floor Description
Hardwood
Fireplace
Brick, Wood
Cooling
Heat Pump(s), Central A/C
Heating
Heat Pump(s)

Exterior/Building Features

Lot Size
7,405 ft² lot
Exterior Features
Outside Shower, Secure Storage
Architectural Style
Cottage, Coastal, Ranch/Rambler
Lot Details
No Thru Street, Backs to Trees, Landscaping
Roof
Architectural Shingle
Sewer
Public Sewer

School Information

School District
CAPE HENLOPEN
High School
CAPE HENLOPEN
Middle/Jr High
BEACON
Elementary School
REHOBOTH

Other Property Details

Area Name
Lewes Rehoboth Hundred (31009)
Taxes
$2286.00
Tax Frequency
per YEAR
Garage
No
Parking
Crushed Stone
View
Y
County
SUSSEX
Utilities
Cable TV Available, Phone Available
Water Source
Public
Pool
No
Zoning
TN

Property History

Date
Event
Price
Value
7/14/22
Price Change
$3,525,000
-7%

Courtesy of BAY COAST REALTY

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s), the owner of this website, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2022 BRIGHT MLS. All rights reserved.

Data last updated 9:43 PM UTC, 8/17/22

Contact