$1,400,000
37430 5TH ST Rehoboth Beach, DE 19971
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$1,400,000
Est. payment /mo
0.25 Acres Lot
Price Dropped by $100K
37430 5TH ST Rehoboth Beach, DE 19971
UPDATED:
10/22/2024 03:44 PM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID DESU2072570
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $936
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 125.00 x 101.00
Property Description
Incredible opportunity to have your dream home on a water front parcel in beautiful Bay Vista! This parcel measures 125' x101' (10,890 square feet /quarter-acre) with three existing private docks in your backyard. Just over one mile from downtown Rehoboth Beach, this oversized lot features million dollar views all the way to Thompson Island, Dewey Beach and Rehoboth Bay each with direct water access. The existing residence is a block bungalow built in 1960, featuring three bedrooms and two baths, configured as a two-bedroom one bath cottage adjoined to a one-bedroom one bath guest unit. Use the existing structure while you develop plans or rent one or both units. Don't delay! This property has an approved federal grant available through 10/2025 offering almost 200K to preserve the existing structure if desired. Bay Vista has no HOA or rental restrictions. This location is a boater and birder's paradise!
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning AR-1
Exterior
Waterfront Y
Water Access Y
View Canal, Scenic Vista, Trees/Woods, Panoramic
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District Cape Henlopen
Others
Tax ID 334-19.16-113.00
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Terry Stinson • Keller Williams Realty
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