Coastal, Cottage, Ranch/Rambler
20 SAINT LOUIS STREET
DEWEY BEACH , DE 19971
MLS#: DESU2049864
$2,975,000
Property
Beds
4
Full Baths
2
1/2 Baths
None
Year Built
1957
Sq.Footage
1,508
Extremely rare, fee simple (you own the land!) one-of-a-kind oversized lot in coveted Rehoboth-by-the-Sea in north Dewey Beach. This 75x100 foot property is only four houses from the beach! A Huge Bonus is the adorable 4 bedroom/2 bath year-round home with excellent rental history ($110K plus a year. $8-$8.5K a week without pool. $11.5K-$12K a week with pool) ). If buyers wish to expand AT THEIR EXPENSE, there is a shovel-ready, approved and permitted plan (photos attached) for an amazing 2 story addition, increasing home size to approximately 4,700 square feet including 10 bedrooms and 10 baths! Current estimate for construction is approx. $1million. For under $4 million total investment, this would be a one-of-a kind, resort-style home w/open floor plan, including huge porches, outdoor spaces and inground pool and pool cabana (additional) on the beach block! Basement optional. If you decide to build the addition, your rental income would increase to approximately $25-30K per week ($325-$400K per year annually) based on current comps. Architectural plans included with sale. Optional construction of 6 bedroom, 4 bath at approximately $750K. Plans also attached. Construction completed in 6 to 8 months,
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Ceiling Fan(s), Walk-In Closet(s)
-
Total Bedrooms
4
-
Bathrooms
2
-
Above Grade Finished Area
1508.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Ceiling Fan(s)
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Electric
-
Main Level Bedrooms
4
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Frame, Shingle Siding
-
Parking
Off Street, On Street
-
Pool
No
-
Waterfront YN
NO
-
View
Street
Area & Lot
-
Lot Size(acres)
0.17
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Coastal, Cottage, Ranch/Rambler
Price
-
Sales Price
$2,975,000
-
Tax Amount
2304.0
-
Sq. Footage
1, 508
-
Price/SqFt
$1,972
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
SUSSEX
Elementary School
Middle School
High School
Listing Courtesy of ROBERT WALSH , BAY COAST REALTY
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