Under contract

ACTIVE UNDER CONTRACT

15 Lake Ave

Rehoboth Beach DE, 19971

$2,998,000


$1,435.14 per sqft

Under contract

ACTIVE UNDER CONTRACT

4 Beds

3 Baths

2,089 sqft

Residential

Built in 1983

Rare opportunity for large Atlantic Ocean Views along with Lake Gerar Park views from this ocean block classic North Rehoboth Beach home just a few hundred feet from the beach and boardwalk. All the heavy lifting is done, including new windows, new roof and new HVAC. With a little remodeling or updating this home would be a fabulous beach get-away. First floor features a bedroom with a half- bath/laundry room that could possibly be expanded into the adjoining storage closet. Second floor has two more bedrooms, a full bathroom with skylight, a living room with wood-burning fireplace, custom built-in shelving & two sets of sliding glass doors leading to a covered, full length of house, screened porch with ocean views. The centrally located kitchen opens to a dining area that easily seats 8 with bench storage & peninsula seating. Through Andersen wood french doors, the kitchen leads to a large tiled sun room with floor to ceiling casement windows allowing in tons of natural light. Exit through Andersen sliding glass door to a rear deck perfect for housing a grill and lawn chairs for sunbathing. This second level deck boasts an operational outside elevator lift to the ground level for easy access of heavy objects and /or wheel chair accessibility. The private third floor is an oversized primary bedroom with full bath and large walk-in closet along with its own personal deck overlooking waves crashing on the beach! Here you have a beautiful view of paradise including the recently renovated Lake Gerar Playground and a wide view of the Atlantic Ocean. Outdoor features include two outdoor showers, two storage sheds and a storage closet for all the beach essentials, a rear porch (easily screened) on first floor, a rear upper deck, a second floor large covered screened porch and a third floor deck for some of the best orchestra seats in town. Improvements to this well-cared-for home include new Andersen casement windows, new cedar siding, hot water heater & new fireplace cap. With traditional knotty pine walls, open staircases and coastal furnishings - this property exudes cherished memories. There may be room for a pool since ground coverage has not been maximized.
Another option would be to build your dream beach home and enjoy the rare ocean views from multiple rooms of your brand new home. This property is conveniently located close to the mile long Rehoboth Beach boardwalk & activities, shopping, playground, lake fishing, bike paths, fine dining and much much more! Rental income for 2024 was over $120,000.00.

DESU2072912

MLS ID

October 25, 2024

Listed

December 17, 2024

Updated

Map

15 Lake Ave
Rehoboth Beach DE, 19971

Interior Features

Total Stories

3


Bedrooms

4


Total Bathrooms

3


Full Bathrooms

2


Half Bathrooms

1


Interior Features

Eat-in Kitchen, Elevator


Appliances

Dishwasher, Dryer, Refrigerator, Microwave, Oven, Washer, Electric Water Heater


Laundry Description

Main Level


Floor Description

Carpet, Laminate


Fireplace

Yes


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Zoned, Electric

Exterior/Building Features

Lot Size

0.11 Acres


Exterior Features

Balcony


Architectual Style

Contemporary, Coastal


Roof

Shingle


Sewer

Public Sewer

School Information

School District

CAPE HENLOPEN


High School

CAPE HENLOPEN

Other Property Details

Taxes

$2,917


Tax Frequency

Annually


Days on Market

33


Garage

No


Parking

Concrete, On Street, Attached


Parking Total

6


View

Yes


View Description

Water, Lake, Ocean, Park/Greenbelt


County

SUSSEX


Water Source

Public


Pool

No


Waterfront

Yes


Zoning

Residential

Listing History

Date

Event

Price

11/26/2024

Under contract

11/14/2024

Price change

$2,998,000

-4%

Listed by Jack Lingo - Rehoboth
Listing Contact: 3022427533 

The IDX display contains information sourced from the Bright MLS, Inc. as of 12/17/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/17/2024 at 6:40 PM UTC

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