25 Olive, Rehoboth Beach, DE 19971

$1,950,000

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$1,950,000

Listing
ACTIVE 6,000 Square Feet
8 Bedrooms Built in 1910
4 Bathrooms MLS # 1001569496

25 Olive

Rehoboth Beach, DE 19971

Description

QUINTESSENTIAL REHOBOTH BEACH. Nothing says WELCOME like a wrap around porch graces 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. 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. Memories are made here. At it's new price, $1,950,000, all are encouraged to make the time to have another look at 25 Olive Avenue. The value of an unimproved standard size, oceanblock, Rehoboth Beach lot has been well established to be not less than $1.5 M, add the premium ($200K) equivalent to the amount of mortgage money is subsidized by the income potential of the Guest Cottage alone, add the premium for a 50% larger lot than the norm ($200K), and a new perspective of 25 Olive Avenue emerges.

Details

  • County: Sussex
  • Community: NORTH REHOBOTH
  • Building: NONE AVAILABLE
  • Basement: Sump Pump, Full, Walkout Stairs, Partially Finished
  • Pool: No Pool
  • Fireplace: Wood
  • School District: CAPE HENLOPEN
  • Floors: 3
  • Furnished: Partially
  • Lot Dimensions: 77x102x77x102
  • Virtual Tour: http://tour.skipfaust.com/25olive/

Description

QUINTESSENTIAL REHOBOTH BEACH. Nothing says WELCOME like a wrap around porch graces 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. 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. Memories are made here. At it's new price, $1,950,000, all are encouraged to make the time to have another look at 25 Olive Avenue. The value of an unimproved standard size, oceanblock, Rehoboth Beach lot has been well established to be not less than $1.5 M, add the premium ($200K) equivalent to the amount of mortgage money is subsidized by the income potential of the Guest Cottage alone, add the premium for a 50% larger lot than the norm ($200K), and a new perspective of 25 Olive Avenue emerges.

Details

  • County: Sussex
  • Community: NORTH REHOBOTH
  • Building: NONE AVAILABLE
  • Basement: Sump Pump,Full,Walkout Stairs,Partially Finished
  • Pool: No Pool
  • Fireplace: Wood
  • School District: CAPE HENLOPEN
  • Floors: 3
  • Furnished: Partially
  • Lot Dimensions: 77x102x77x102
  • Virtual Tour: http://tour.skipfaust.com/25olive/

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Listing courtesy of Coldwell Banker Resort Realty - R

FOR SUSSEX COUNTY, DELAWARE PROPERTIES:
Some of the active listings appearing on this site may be listed by other brokers participating in IDX. The information provided by this website is for the personal, non-commercial use of consumers.
Based on information from the Sussex County Association of Realtors. License # SCAOR07058
Active listings are updated daily. Last update: ( 09/01/20 03:34:26 am ). Information is deemed reliable but not guaranteed.

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