• Price$2,274,900
  • Beds5
  • Baths
  • SQ. Feet2,958
  • Acres0.11
  • Built1999

7 Olive Ave, REHOBOTH BEACH

Your sand castle awaits in North Rehoboth. Looking for an oceanblock rental investment property, look no more. This single family home had rental income exceeding $100,000 in 2018. Owner has kept property in immaculate condition and the returning guests come again and again. This inverted floor plan offers four bedrooms and three baths on the first floor and a second floor with master bedroom and bath, dining area, open kitchen, family room and enclosed porch with ocean views. Being just steps to Rehoboth's boardwalk and beach is a tenant and owner must. North Rehoboth keeps you far enough away from the commercial area yet close enough to easily walk to all of Rehoboth's main attractions. Capitalize on today's low interest rates and this property's successful income stream. A winning combination! Global Luxury!

Essential Information

  • MLS® #DESU140752
  • Price$2,274,900
  • Bedrooms5
  • Bathrooms4.50
  • Full Baths4
  • Half Baths1
  • Square Footage2,958
  • Acres0.11
  • Year Built1999
  • TypeResidential
  • Sub-TypeSingle Family
  • StyleCoastal
  • StatusActive

Amenities

  • AmenitiesCarpet, CeilngFan(s), Entry Lvl BR, Shades/Blinds
  • UtilitiesCable TV, Multiple Phone Lines, Phone
  • ParkingAsphalt Driveway
  • ViewOcean

Exterior

  • ExteriorFrame
  • Exterior FeaturesBBQ Grill, Outside Shower, Lawn Sprinkler
  • RoofArchitectural Shingle

Additional Information

  • Date ListedMay 20th, 2019
  • Days on Market178
  • ZoningQ

Community Information

  • Address7 Olive Ave
  • AreaLewes Rehoboth Hundred (31009)
  • SubdivisionNONE AVAILABLE
  • CityREHOBOTH BEACH
  • CountySUSSEX-DE
  • StateDE
  • Zip Code19971

Interior

  • Interior FeaturesFloor Plan-Open
  • AppliancesBuilt-In Microwave, Built-In Range, Cooktop, Dishwasher, Dryer - Electric, Oven-Wall, Oven/Range-Electric, Refrigerator, Washer
  • HeatingCentral
  • CoolingCentral A/C
  • FireplaceYes
  • # of Fireplaces1
  • # of Stories2
  • Stories2 Story

School Information

  • DistrictCAPE HENLOPEN
  • HighCAPE HENLOPEN

Listing Details

  • Listing OfficeCOLDWELL BANKER RESORT REALTY - R

Price Change History for 7 Olive Ave, REHOBOTH BEACH, DE (MLS® #DESU140752)

Date Details Change
Price Reduced from $2,499,000 to $2,274,900 $224,100 (8.97%)
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Based on information from Sussex County Association of REALTORS®, Inc which neither guarantees nor is in any way responsible for it's accuracy. All data is provided "AS IS" and with all it's faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market Long & Foster Real Estate, Inc. is a Real Estate licensee in the State of Delaware. SCAOR DE License Number: SCAOR 12351.

Copyright 2019 Sussex County Association of REALTORS®, Inc.