Patterson-Schwartz Real Estate37490 Washington Street, Rehoboth Beach, DE 19971-1185 $1,950,000
Interior Sq. Ft: 3,400
Acreage: 0.14
Age:15 years
Taxes: $1,024
Subdivision: Washington Heights
Design/Type:
Detached
Description
Introducing the Ultimate Multi-Family Compound and Business Opportunity: Custom Year-Round Cottages where the living is easy. Live in one and rent the other two. Welcome to a remarkable residential and commercial property that offers an unparalleled investment opportunity in the heart of Washington Heights in beautiful Rehoboth Beach. Nestled east of Coastal Highway, this multi-family compound boasts a collection of custom-built cottages, each at least 2 Bedrooms, bar and sitting area with luxury step-in showers and outdoor showers. The loads of upgrades that will leave you awe-inspired. With meticulous attention to detail, each cottage is a testament to quality workmanship including hardboard exteriors and luxurious living. Step into a world of elegance as you enter these stunning cottages. The interiors are adorned with granite countertops, stainless steel appliances, and pocket doors that effortlessly blend functionality and style. Upgraded wood-like flooring or vinyl graces every room, creating a warm and inviting atmosphere. Tons of recessed lights illuminate the space, ensuring a bright and welcoming ambiance throughout the day. The cottages are designed to provide the utmost comfort and convenience for residents and guests alike. Each unit features spacious porches, perfect for enjoying the refreshing coastal breeze or hosting intimate gatherings. The private courtyard serves as a tranquil oasis, offering a serene escape from the hustle and bustle of everyday life. Plenty of Room for a pool or Hot Tub. Beyond the exquisite features and finishes, this property presents an exceptional business opportunity. With its prime location in Rehoboth Beach, a highly sought-after destination, the potential for generating substantial rental income is undeniable. The year-round appeal of these cottages ensures a steady stream of visitors, providing a reliable source of revenue. Investing in this multi-family compound not only guarantees a profitable venture but also offers the chance to become a part of a thriving community. Rehoboth Beach is renowned for its vibrant atmosphere, pristine beaches, and an array of recreational activities. Your guests will have access to an abundance of amenities, including world-class dining, tax-free shopping, and entertainment options. Furthermore, the property's proximity to Coastal Highway ensures easy access to nearby attractions, such as the iconic Rehoboth Boardwalk and the stunning Cape Henlopen State Park. Whether your guests are seeking relaxation or adventure, this location offers something for everyone. The cottages have been meticulously maintained, allowing for a seamless transition for new owners. The property's reputation for excellence and attention to detail will attract discerning guests who appreciate the finer things in life. When it comes to real estate investments, this multi-family compound stands out from the rest. Its combination of luxurious living, prime location, and strong rental potential make it an irresistible opportunity for savvy investors. Don't miss your chance to own a piece of Rehoboth Beach's thriving hospitality industry.
Home Assoc: No
Condo Assoc: No
Basement: N
Pool: No Pool
Elem. School: RehobothHigh School: Cape Henlopen
Features
Utilities
Forced Air Heating, Heat Pump(s), Electric, Propane - Leased, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer, 220 Volts, Cable TV, Propane
Garage/Parking
Driveway, Off Street
Interior
Bar, Breakfast Area, Ceiling Fan(s), Entry Level Bedroom, , Sound System, Vinyl Flooring, Engineered Wood Flooring, Dry Wall, Vaulted Ceilings, Energy Efficient Windows, Window Screens, Skylights, Storm Windows, Sliding Glass Doors, Storm Doors
Exterior
Concrete Perimeter Foundation, Crawl Space Foundation, Architectural Shingle Roof, Cement Siding, Stick Built Exterior, Deck(s), Patio(s), Porch(es), Exterior Lighting, Outbuilding(s), Outside Shower, Gutter System
Lot
Landscaping, Rear Yard, Private Lot
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (2 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Rehoboth Elementary School | Cape Henlopen School District | K–5 | Rehoboth Beach | 0.51 mi |
| Shields (Richard A.) Elementary School | Cape Henlopen School District | K–5 | Lewes | 4.7 mi |
Public Middle (1 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Beacon Middle School | Cape Henlopen School District | 6–8 | Lewes | 2.81 mi |
Public High (1 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Cape Henlopen High School | Cape Henlopen School District | 9–12 | Lewes | 4.22 mi |
Private (1 schools)
| School | Grades | Place | Distance | |
|---|---|---|---|---|
| Legal Name Bethel Preschool Of Lewes Inc. | Methodist | Preschool–K | Lewes | 4.86 mi |
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This report is a detailed community overview for Rehoboth Beach (19971), Delaware.
Community Quick Facts
- Average travel time to work for people in this community: 22
- Average salary of people in this community: $77,942
Community Summary
- Population Density (ppl / mile): 501
- Household Size (ppl): 1.92
- Households w/ Children: 12%
Housing Inventory
- Owned: 6,346 (37.1%)
- Rented: 899 (5.3%)
- Vacant: 9,875 (57.7%)
- Total: 17,120
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.6%
- Some High School: 2.2%
- High School Graduate: 22.6%
- Some College: 15.3%
- Associate Degree: 7.3%
- Bachelor's Degree: 29.1%
- Graduate Degree: 21.9%
Income by dollar range
Median Income: $75,846
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- One Bedroom: $1,063
- Two Bedroom: $1,178
- Three Bedroom: $1,724
- Four Bedroom: $2,611
© 2023 LiveBy. All Rights Reserved.
Contact Information
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Listing Courtesy of: Dave McCarthy & Associates, Inc. , (302) 426-2080
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 9/26/2023.
