5 Read Avenue, DEWEY BEACH, DE

$2,975,000

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5

Beds

3

Baths

2,800

Square feet

0.09

Acres

About 5 Read Avenue

This stunning Dewey Beach ocean block home is an exceptional find, offering the ultimate beach lifestyle with all the modern comforts you need. Featuring 5 spacious bedrooms, 3 well-appointed bathrooms, and an additional office space, which is currently being used as a 6th bedroom, this home has plenty of room for family and guests. And that best part is you OWN the land! Located just steps from the sandy shores of Dewey Beach, you’ll be able to embrace coastal living with the convenience of walking to the beach whenever you like. One of the standout features of this home is its breathtaking rooftop deck, where you can soak in panoramic views of both the ocean and the bay. Whether it’s morning coffee at sunrise or evening cocktails at sunset, this rooftop escape offers tranquility and charm. The home is also a short walk from the best local restaurants, bars, and entertainment that Dewey Beach has to offer, making it ideal for those who love to experience the vibrant beach community. Inside, you’ll find a completely renovated space designed with modern touches and high-quality materials. The kitchen is a chef’s dream, equipped with stunning granite countertops, all-new stainless steel appliances (with 5-year extended warranties), and upgraded cabinetry that boasts under-cabinet lighting for a sleek and modern beach feel. The luxury vinyl plank flooring throughout the first floor offers an attractive and durable surface, perfect for the sandy beach lifestyle and easy cleaning. Beyond aesthetics, this home has been updated with functional, energy-efficient improvements. A new 80-gallon water heater ensures plenty of hot water for all your guests, and the encapsulated crawlspace, complete with a dehumidifier, adds an extra layer of protection and comfort. New HVAC ductwork ensures consistent heating and cooling throughout the home, while the fresh carpeting on the stairs adds comfort. Additionally, the roof over the kitchen has been replaced, and 15 new windows allow natural light to flood the space. Outdoors, you’ll appreciate the newly installed front trek decking, an ideal spot for morning relaxation or evening socializing. After a long day at the beach, rinse off in the outdoor shower—an essential beach house feature that enhances convenience and cleanliness. This versatile home presents numerous opportunities. Whether you’re looking for a primary residence, a vacation getaway, or a profitable investment property, the possibilities are endless. With a projected rental income of $10,000 to $15,000 per week during the summer months, this home offers tremendous income potential for vacation rentals, especially during peak weeks. With its unbeatable location, thoughtful renovations, and ample living space, this Dewey Beach home is a rare gem that combines the best of beach living with modern luxury. Don't miss your chance to make this extraordinary property your own! Ask your agent for a list of the attached recent upgrades and the survey.

Features of 5 Read Avenue

MLS® # DESU2067984
Price $2,975,000
Bedrooms 5
Bathrooms 3.00
Full Baths 3
Square Footage 2,800
Acres 0.09
Year Built 1946
Type Single Family
Sub-Type Detached
Style Coastal
Status Active

Community Information

Address 5 Read Avenue
Area Lewes Rehoboth Hundred (31009)
Subdivision NONE AVAILABLE
City DEWEY BEACH
County SUSSEX-DE
State DE
Zip Code 19971

Amenities

Parking Private, Secure Parking
View Bay, Ocean
Is Waterfront No
New Construction No

Interior

Appliances Dishwasher, Dryer - Electric, Microwave, Oven/Range-Electric, Refrigerator, Washer, Water Heater
Heating Heat Pump(s)
Cooling Central A/C
Has Basement No
Fireplace No
# of Stories 3
Stories 3.5

Exterior

Exterior Vinyl Siding
Foundation Concrete Perimeter, Other

School Information

District CAPE HENLOPEN

Additional Information

Date Listed August 26th, 2024
Days on Market 18
Zoning RESIDENTIAL
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

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