20 Saint Louis St

Dewey Beach, DE 19971

$3,525,000.00

price

4

beds

2/

baths

0.17 acres

lot size

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 75×100 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.

General Details

StatusActive
List Price$3,525,000.00
Address20 Saint Louis St
Dewey Beach DE 19971
MLS NumberDESU2022494
Beds4
Baths2/
Lot Size (Acres)0.17
Lot Size (Sq. Ft.)7405.00
Levels/Stores1
GarageNo
Structure TypeDetached
New ConstructionNo
Year Built1957
StyleCottage,Coastal,Ranch/Rambler
Tax ID334-20.14-192.00
Ownership InterestFee Simple
AgentRobert Walsh
BrokerageBay Coast Realty

Location

Latitude38.69848000
Longitude-75.07508000
In City LimitsYes
MLS AreaLewes Rehoboth Hundred (31009)
Legal SubdivisionRehoboth By The Sea
School DistrictCAPE HENLOPEN

Water Access

WaterfrontNo
Water Body NameAtlantic Ocean
Water Body TypeOcean

Associaton/HOA

HOANo
Senior CommunityNo

Utilites Information

Water SourcePublic
Sewer/SepticPublic Sewer
Central AirYes
Cooling TypeHeat Pump(s),Central A/C
Cooling FuelElectric
Heating FuelElectric
Hot WaterElectric

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Offered by

Bay Coast Realty

Courtesy of: Bay Coast Realty

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Date last updated: 08/15/2022 04:52:14 PM