Patterson-Schwartz Real Estate37430 5Th Street, Rehoboth Beach, DE 19971-3638 $1,400,000
Acreage: 0.25
Age:64 years
Style:
Mid-Century Modern, Contemporary
Subdivision: Bay Vista
Design/Type:
Detached
Description
This waterfront lot is ready for your dream home! Situated on an oversized lot measuring 101’ x 125’, it features million-dollar unobstructed views overlooking Thompson Island all the way to Rehoboth Bay. Boating is easy from one of three private backyard docks with access to Dewey Beach, Rehoboth Bay and the Indian River inlet connecting to the Atlantic Ocean. The existing home is configured as a single story two-bedroom, one-bath bungalow with a one-bedroom and bath guest studio adjoined by a trellis. Many options exist for the next owner: Use the property as-is, build on top of existing structure and footings or build your waterfront dream home. The guest unit has earned up to $18K/summer in rental income alone. Live in one unit and rent the other, adjoin the two, rent both or rebuild. Don't delay: This property has an approved federal grant available through 10/2025 offering almost 200K to preserve the existing structure. Bay Vista is in Sussex County, DE, outside city limits, just over a mile from downtown Rehoboth and has no HOA or rental restrictions. Don’t miss this once-in-a-lifetime opportunity for waterfront living close to town! This is one of the only waterfront lots with a usable residence available in close proximity to Rehoboth. The owner is a licensed Realtor.
Home Assoc: No
Condo Assoc: No
Basement: N
Pool: No Pool
Features
Water
Water Oriented: Yes; Water Front: Yes; Water Access: Yes; Water Body Type: Canal; Waterfront: Boat/Launch Ramp - Private, Private Dock Site, Rip-Rap; Types of Use: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Sail; # of Docks: 3; Dock Type: Hoist/Lift Manual, Material - Treated Lumber; # of Slips: 1; Navigable: Yes; Physical Dock/Slip Conveys: Yes; Dock/Slip Conveyance: Assigned;
Utilities
Forced Air Heating, Electric, Ductless/Mini-Split, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
Driveway
Interior
Brick Fireplace, Flue for Stove, Gas/Propane Fireplace, Corner Fireplace, Accessibility - No Stairs
Exterior
Slab Foundation, Block Exterior
Lot
Canal, Bay View, Canal View, Panoramic View, Scenic Vista View, Trees/Woods View, Water View
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (2 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Rehoboth Elementary School | Cape Henlopen School District | K–5 | Rehoboth Beach | 0.93 mi |
| Love Creek Elementary School | Cape Henlopen School District | K–5 | Lewes | 3.26 mi |
Public Middle (1 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Beacon Middle School | Cape Henlopen School District | 6–8 | Lewes | 3.03 mi |
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This report is a detailed community overview for Rehoboth Beach (19971), Delaware.
Community Quick Facts
- Average travel time to work for people in this community: 24
- Average salary of people in this community: $77,267
Community Summary
- Population Density (ppl / mile): 495
- Household Size (ppl): 1.96
- Households w/ Children: 15%
Housing Inventory
- Owned: 6,197 (37.9%)
- Rented: 812 (5.0%)
- Vacant: 9,359 (57.2%)
- Total: 16,368
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.2%
- Some High School: 3.1%
- High School Graduate: 19.8%
- Some College: 15.6%
- Associate Degree: 7.5%
- Bachelor's Degree: 28.0%
- Graduate Degree: 24.9%
Income by dollar range
Median Income: $78,689
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $1,682
- One Bedroom: $932
- Two Bedroom: $1,268
- Three Bedroom: $1,432
- Four Bedroom: $2,638
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Contact our Customer Service Center
or call us at 302-234-5270
Listing Courtesy of: Keller Williams Realty , (302) 360-0300
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 11/01/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
