Under contract
ACTIVE UNDER CONTRACT
8 Olive Ave #103
Rehoboth Beach DE, 19971
$495,000
$990.00 per sqft
Under contract
ACTIVE UNDER CONTRACT
1 Bath
500 sqft
Condo
Built in 1970
Ocean Block Pied-a-Terre, offering just what its name suggests - a respite in which to relax, refresh and unwind from your "other life", a place of convenience and flexibility - a place where you can park your car and walk to all that surrounds you - the beach, boardwalk, restaurants and shops. An escape without the constraints of maintenance of your primary home. Just what you've wanted, and at a price you can afford! Currently, this is the lowest priced property in the city of Rehoboth! This beautifully appointed L-Shaped Efficiency is bright, with sleek, modern furnishings and impeccably maintained. Updates include wood-tone flooring throughout the unit; extended height cabinetry and solid surface counters in the kitchen; sleek coastal style wood closet doors; an upgraded hot water heater so no one gets a cold shower; newly renovated bathroom with walk-in shower and glass doors, new vanity and lighting; custom full-sized pleated shades on both sliding patio doors for privacy, when desired, and new replacement patio door screens. Fully furnished, the living area features a new longer length coastal blue modern couch, offering seating for guests and plenty of room for naps. There is dining for four with extra pieces that can be pulled up to accommodate more. The sleeping area features a queen size bed with built in storage drawers. The double sliding doors open to a secluded patio area, furnished with cushioned chairs with ottomans, an umbrella and a storage container for all your beach supplies. Located on the first floor, this unit can be accessed through the lobby, or through a secondary entrance located on the side of the building.
Enjoy one parking space in the secure underground garage. Patrician Towers has a welcoming courtyard with Koi pond, a great place to gather with friends and family before an evening out. After a day on the beach, take the elevator up to the roof top pool with panoramic views of the ocean, boardwalk and the city. Sunrises and sunsets from there are not to be missed. If you enjoy biking, Rehoboth is home to the Breakwater Junction Trail, known for its natural beauty and proximity to historic Lewes and beyond. Bike storage is located in the garage.
While the sellers did not rent this unit in 2024, it boasted $17,000. rental income in 2023 for just 12 weeks. If looking for an investment, this is for you. On-site management facilitates rentals for you, if desired.
In recent years, Patrician Towers has undergone major renovations to the building to maintain its structural integrity, improve appearance and protect the investment of its owners. These include new aluminum awnings; aluminum railings, balcony and walkway coating; brick pointing; concrete repairs; caulking; soffit coatings; drip edge replacement and more! All phases were completed prior to May, 2023. Enjoy these improvements, paid for by those who came before you! Hurry in and see why you will want to make this your own, and soon you'll be enjoying all this area has to offer.
DESU2071126
MLSⓇ ID
September 23, 2024
Listed
October 2, 2024
Updated
Map
8 Olive Ave #103
Rehoboth Beach DE, 19971
Interior Features
Total Stories
6
Total Bathrooms
1
Full Bathrooms
1
Interior Features
Elevator
Appliances
Dishwasher, Refrigerator, Microwave, Electric Oven, Electric Range, Electric Water Heater
Laundry Description
Common Area
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Ceiling Fan(s)
Heating
Yes
Heating Description
Heat Pump, Electric
Exterior/Building Features
Architectual Style
Coastal
Sewer
Public Sewer
School Information
School District
CAPE HENLOPEN
Other Property Details
Taxes
$685
Tax Frequency
Annually
Days on Market
6
Association Amenities
Pool, Laundry, Security
Garage
Yes
Garage Spaces
1
Parking Total
1
View
No
County
SUSSEX
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
9/28/2024 | Under contract | — |
Listed by Monument Sotheby's International Realty
Listing Contact: 3022276767
The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2024. 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.
©2024 Bright MLS, Inc. all rights reserved.
Data last updated on 10/2/2024 at 7:02 AM UTC