25 OLIVE AVE, REHOBOTH BEACH

Listing Office: COLDWELL BANKER RESORT REALTY - R

8 Beds, 6 Baths
$1,950,000

MLS#: 1001569496

QUINTESSENTIAL REHOBOTH BEACH. Nothing says WELCOME like a wraparound porch graced by an ocean breezes. This authentic ocean block gem boasts 8 Bedrooms, plus a Nursery, 6 Bathroom Main House + 2 Bedroom, 1 Bathroom, 2 Living Room Detached Guest Cottage. Ample parking. Never fret about parking again with parking for 7 cars at Main House + additional parking for 2 Cars at Guest Cottage. Collect over $100,000 annual rental income. Classic Architecture & Family Fun never go out of style. Four levels of family harmony with the beach, boardwalk, dining and entertainment at your doorstep. Retire each night to the lullaby of the ocean. 484 sq ft of Total 3,028 sq ft located in Basement. The value of an unimproved standard size, oceanblock, Rehoboth Beach lot has been well established to be not less than $1.5 M, add to this the premium ($200K) equivalent to the amount of mortgage money subsidized by the income potential of the Guest Cottage alone, add to this the premium for a 50% larger lot than the norm ($200K), and a greater appreciation emerges. Memories are made here.

Virtual Tour

Community:

Building Name:

School District: 
CAPE HENLOPEN
Structure Type: 
Detached
Style: 
Victorian
Ownership: 
Fee Simple
Year Built: 
1910
Living Area SQFT Total: 
6,000
Lot Size SQFT: 
7,839
Lot Size Acres: 
0.18
Levels: 
3+
Bedrooms: 
8
Full Bathrooms: 
6
City Tax: 
$600.00 Annually
Parking Features: 
Paved Driveway
Construction Materials: 
Vinyl Siding
Roofing: 
Architectural Shingle
Foundation: 
Block

Exterior Features:

Porch And Patio: 
Porch(es)
Screened
Wrap Around
Other Structures: 
Above Grade
Pool: 
No Pool
Fencing: 
Partially
Electric Service: 
110 Volts
Water: 
Public
Sewer: 
Public Sewer

Utilities:

Heating System: 
Forced Air
Cooling System: 
Central A/C
Zoned
Hot Water: 
Electric
Basement: 
Yes
Basement Type: 
Sump Pump,Full,Walkout Stairs,Partially Finished

Interior Features:

Primary Flooring: 
Hardwood
Tile/Brick
Fireplace: 
Wood

Delaware Real Estate: 25 olive avenue

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