Beautiful Seaside Setting in Dewey Beach! Meticulously maintained, Ocean Front, and Turn-Key Furnished! This sunny unit offers ceiling fans throughout, hardwood flooring, master bedroom, screened porch, and views of the relaxing Atlantic Ocean. Imagine waking to the sound of the calming ocean! Cottage style with 2 bedrooms, inviting living area, and a nicely appointed kitchen with updated counters, crisp white cabinetry, and mosaic tiled back splash. The Colonial Seas condominium complex is located Oceanfront, so you are steps away from Dewey's white sandy beach. The complex is intimate: just 6 unique condos with a common area for grilling, outdoor shower and patio area. Sleeps up to 6 people! Lucrative rental property with a near $60,000 gross rental income last year and many booked rentals for 2020. Enjoy a short stroll to not only the beach, but these popular venues: ice cream shops, brew pubs, restaurants and night life with live entertainment! Also, a very short bike ride takes you into Rehoboth for more dining options and shopping-or take the Jolly Trolley (stops at end of street). This is a land lease property, Rehoboth by the Sea, with lease expiring in December of 2026, so act fast to enjoy the remaining years. No option to renew beyond December 2026!This property is for a cash buyer who wants the personal enjoyment of an ocean front living; with options to rent (in absence of situations out of anyone's control-Covid 19, State Mandates, etc.). Water/sewer quarterly 151 quarter +/-, rubbish included in condo. fee.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listing Removed For Sale | $185,000 | $206 | Jack Lingo - Rehoboth | |
Price Changed | $185,000 -5.13% | $206 | Jack Lingo - Rehoboth | |
Listed For Sale | $195,000 | $217 | Jack Lingo - Rehoboth |