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502 5th Street

Rehoboth Beach DE 19971

3
2
4
1456 sq. ft.
10019 sq. ft.
Other
Currently for sale - view listing

Overview

Don’t miss this opportunity to own property east of Route 1 in Rehoboth Beach! This three-bedroom, one-and-a-half-bath ranch home offers excellent potential for renovation or redevelopment in a highly desirable location close to shopping, dining, and the beach. The nearby Wolfe Neck Trail provides convenient access for walking or biking into both Lewes and Rehoboth Beach, making this location especially attractive for outdoor enthusiasts 🚴‍♀️🌿. For investors or builders, the property presents additional possibilities. Subject to approvals, there is potential to re-establish the property line, remove the existing home, and construct two new homes—an excellent redevelopment opportunity in an area experiencing continued growth 📈. There is no HOA, and the property is zoned to allow manufactured homes. Several newly constructed homes in the surrounding community are helping support increasing neighborhood value, making this an appealing option for homeowners, investors, or builders alike. The property is being sold AS IS.

Features

3 bedrooms
2 bathrooms
4 carspaces
1456 sq. ft. floor area
10019 sq. ft. lot size
Other

Happy sellers in Rehoboth Beach

79%
79% of sellers in Rehoboth Beach reported that their sale price either exceeded or met their price expectations.

Rehoboth Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 21 reviews in Rehoboth Beach over the last 12 months.

Local market activity for 3 bedroom other properties in Rehoboth Beach

In the last 12 months, 57 three-bedroom other properties similar to 502 5th Street, have been sold.

This represents a 28% increase in three-bedroom other properties sales when compared to the previous 12 months.

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