$2,769,000 11 Olive Avenue Rehoboth Beach, DE

MLS: 719285   Type: Single Family   County: Sussex   City: Rehoboth Beach   Area: Dewey To Lewes East Of Canal   Neighborhood: North Rehoboth   Zip: 19971   Style: Coastal,Contemporary     Stories: 2   Taxes: $2,167

Mortgage $13,000 /mo



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Rehoboth Beach Superior Beach Complex with POOL!Sold FURNISHED (some exclusions) Coastal Custom Home in ocean block with detached apartment and pool! Builder is renowned for remarkable coastal style homes at the beach with incredible flow, natural light, top of the line upgrades, and space. Energy efficient and maximized for outdoor living, this cannot be duplicated with today’s current zoning regulations. The home, including back apartment will exceed your expectations, featuring gourmet kitchen, open porches, 2 master bedrooms, coffered ceilings, gas fireplace, and premium finish work throughout. Front house is a successful rental with $75,193 in rental income. Back house would generate another $10K and is equipped with its own ELEVATOR! Full projected income with use of pool and all amenities would be $100,000-$125,000! 11A Olive Avenue: 4 / 3.5 (sleeps 8), 11B Olive Avenue:1 BR, 1 loft, 1/5 BA.

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Price History

4/11/2017 Listed $2,895,000
9/16/2017 5% - $2,769,000

Area 0.12
Association Fee 0
Community Amenities Beach, Sidewalks
Condo Fees 0
Condo Ownership Yn No
Financing Cash, Conventional
Listing Sub Type N/A
Ownership Fee Simple
Property Sub Type Single Family
Property Type Residential
Section East Of Rt. 1
Subdivision North Rehoboth
Trash Expense 500

Interior Features

Appliances Cooktop, Dishwasher, Disposal, Dryer-Electric, Fridge w/Ice Maker, Microwave, Oven/Range Electric, Washer, Water Heater Electric
Attic Other See Remarks
Basement Outside Stairs, Unfinished
Cooling System Central A/C, Heat Pump(s), Zoned A/C
Extra Unit Description 2 Bedroom, Detached, Tenant Unit
Fireplace Gas
Flooring Hardwood
Furnished Y/N Yes
Heating Gas - Propane, Heat Pump(s), Multi Zone
Interior Features Cable TV Prewired, Ceiling Fan(s), Elevator, Fireplace-Gas, Insulation, MBED-Full Bath, Screen(s), Two Master Bedrooms, Vaulted Ceilings, Walk-In Closets
Kitchen Countertops - Granite, Eat In, Pantry
Security And Fire Security System

Exterior Features

Construction Type Stick/Frame
Exterior Features Fencing-Partial, Irrigation System
Exterior Type Concrete Plank
Foundation Concrete Block
Garage Detached
Garage Capacity 1
Lot Description Cleared, Landscaped
Lot Size 52x103
Lot Size Area 5412.00
Lot Size Unit SqFt
Lot Sq Ft 5412
Parking Driveway/Off Street, Garage
Pool Y/N Inground
Porch and Deck Balcony(s), Patio - Rear, Porch - Front
Roofing Architectural Shingle
Sewer Public Central Sewer
Water Public Central Water
Water View Ocean
Waterfront None

Property Schools

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Property vs Zip Code Avg (19971)

Price 2.76M Avg 1.00M

Sqr Feet 3,557 Avg 2,483

Cost / Sqr Ft $778 Avg $405

Taxes $2,167 Avg $1,510

Acres 0.12 Avg 0.27

Visits 341 Avg 133

Days on Site 191 Avg 188

Walkscore® 62 Avg 34

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Listing Provided Courtesy Of: JACK LINGO REHOBOTH

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Location & Address

RE/MAX Associates
16392 Coastal Highway
Lewes , DE