36525 Palm Dr Unit 5103, Rehoboth Beach, DE 19971
- $399,900
- 2
- BD
- 2
- BA
- 1,064
- SqFt
- Sold Price
- $399,900
- List Price
- $419,900
- Closing Date
- May 01, 2026
- Status
- CLOSED
- MLS#
- DESU2106504
- Bedrooms
- 2
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,064
- Style
- Apartment
- Year Built
- 2003
- County
- Sussex
- School District
- Cape Henlopen
Property Description
Proven Income Producer – Turnkey Coastal Retreat! If you’re searching for a remarkable beach investment with immediate income potential, this beautifully renovated first-floor condo is a rare opportunity. In 2025 alone the property generated over $32,000 in rental income—and that figure was reduced due to a long-term renter occupying part of the season. The home has been completely refreshed and thoughtfully redesigned, featuring a brand-new kitchen, stylish tile-surround bathrooms, and designer furnishings throughout. Even better, all furniture conveys, making this a truly turnkey investment or effortless second home. Major updates provide added peace of mind, including a new HVAC system installed in 2025, allowing owners and guests to enjoy comfort year-round. Step onto the screened porch overlooking the community pool, the perfect spot to sip your morning coffee or unwind with a glass of wine after a day at the beach. Ideally located with easy access to Route 1, tax-free outlet shopping, restaurants, and Delaware’s beautiful beaches, and just moments from the bike trail, this home blends convenience with coastal charm. The first-floor location offers easy accessibility for owners and guests alike. Whether you’re looking for a proven income-producing property or a coastal getaway that helps pay for itself, this one truly stands out. EASY TO SHOW
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Additional Information
- Area
- Lewes Rehoboth Hundred (31009)
- Subdivision
- The Palms
- Building Name
- None Available
- Interior Features
- Ceiling Fans, Separate Dining Room, Open Floor Plan, Wood Floors, Window Treatments, Upgraded Countertops, Kitchen Island
- School District
- Cape Henlopen
- High School
- Cape Henlopen
- Flooring
- Tile, Hardwood, Vinyl
- View
- Pond, Garden
- Heating
- Forced Air
- Cooling
- Central Air
- Roof
- Architectural
- Utilities
- Electric Available, Cable Available
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Iron Valley Real Estate at The Beach. Contact:
Selling Office: Iron Valley Real Estate at The Beach.