This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/42
$2,975,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/42
Property Description
This stunning Dewey Beach ocean block home is an exceptional find, offering the ultimate beach lifestyle with all the modern comforts you need. Featuring 5 spacious bedrooms, 3 well-appointed bathrooms, and an additional office space, which is currently being used as a 6th bedroom, this home has plenty of room for family and guests. And that best part is you OWN the land! Located just steps from the sandy shores of Dewey Beach, you'll be able to embrace coastal living with the convenience of walking to the beach whenever you like. One of the standout features of this home is its breathtaking rooftop deck, where you can soak in panoramic views of both the ocean and the bay. Whether it's morning coffee at sunrise or evening cocktails at sunset, this rooftop escape offers tranquility and charm. The home is also a short walk from the best local restaurants, bars, and entertainment that Dewey Beach has to offer, making it ideal for those who love to experience the vibrant beach community. Inside, you'll find a completely renovated space designed with modern touches and high-quality materials. The kitchen is a chef's dream, equipped with stunning granite countertops, all-new stainless steel appliances (with 5-year extended warranties), and upgraded cabinetry that boasts under-cabinet lighting for a sleek and modern beach feel. The luxury vinyl plank flooring throughout the first floor offers an attractive and durable surface, perfect for the sandy beach lifestyle and easy cleaning. Beyond aesthetics, this home has been updated with functional, energy-efficient improvements. A new 80-gallon water heater ensures plenty of hot water for all your guests, and the encapsulated crawlspace, complete with a dehumidifier, adds an extra layer of protection and comfort. New HVAC ductwork ensures consistent heating and cooling throughout the home, while the fresh carpeting on the stairs adds comfort. Additionally, the roof over the kitchen has been replaced, and 15 new windows allow natural light to flood the space. Outdoors, you'll appreciate the newly installed front trek decking, an ideal spot for morning relaxation or evening socializing. After a long day at the beach, rinse off in the outdoor shower-an essential beach house feature that enhances convenience and cleanliness. This versatile home presents numerous opportunities. Whether you're looking for a primary residence, a vacation getaway, or a profitable investment property, the possibilities are endless. With a projected rental income of $10,000 to $15,000 per week during the summer months, this home offers tremendous income potential for vacation rentals, especially during peak weeks. With its unbeatable location, thoughtful renovations, and ample living space, this Dewey Beach home is a rare gem that combines the best of beach living with modern luxury. Don't miss your chance to make this extraordinary property your own! Ask your agent for a list of the attached recent upgrades and the survey.
Full Property Details
Full Property Details for 5 Read Ave
General
- Price: $2,975,000
- Taxes: $1,279
- Status: Active
- Type: Single Family
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2067984
- Updated: 8/26/2024
- Added to Site: 141 day(s) ago
Interior
- Appliances: Dishwasher, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Upper 2 - Full Baths: 1
- Upper Floor Baths: 2
- Upper - Full Baths: 2
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 5
- Bedrooms Upper: 4
- Bedrooms-Up2: 2
- Bedrooms Main & Up: 1
Parking
- Total Spaces: 5
- Parking Features: Private, Secure Parking
- Parking Type: Driveway, Off Street, On Street, Other
Location
- Area: Lewes Rehoboth Hundred (31009)
- County: Sussex
- Development Name: None Available
- Subdivision: None Available
- Building Name: NONE AVAILABLE
- Driving Directions: See GPS
- Direction Faces: East
- Location Details: Oceanside
- City Limits: Yes
School Information
- School District: Cape Henlopen
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: 60+ Gallon Tank
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Coastal
- Architectural Style: Coastal
- Structure Type: Detached
- Construction: Advanced Framing, Vinyl Siding, CPVC/PVC
- Foundation: Concrete Perimeter, Other
- Stories/Levels: 0
- Stories Description: Main, Upper 1, Upper 2
- Square Feet: 2,800
- Sq. Ft. Source: Estimated
- Living Area: 2,800 Sq. Ft.
- Year Built: 1946
- Year Built Source: Estimated
Lot Features
- Property View: Ocean, Bay
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,755
- Lot Size Source: Estimated
- Zoning: RESIDENTIAL
Water Features
- Water View: Yes
- Navigable Water: Yes
- Water Access: Yes
- Water Front Type: Ocean
Financial Considerations
- Price Per Sq. Ft.: $1,062.5
- City/TownTax: $405
- City/TownTax Freq: Annually
- County Tax: $874
- County Tax Freq: Annually
- Tax Amount: $1,279
Disclosures and Reports
- Ownership: Fee Simple
Listed by Keller Williams Realty, Taylor M Tallarico
Get Pre-Approved Today
Schools
Schools serving 5 Read Ave
School District:Cape Henlopen School District
Rating | Name | Grades | Distance |
---|---|---|---|
500 Stockley St, Rehoboth Bch, DE 19971 | PK-5 | 1.4 mi | |
16391 Harbeson Rd, Milton, DE 19968 | 5-8 | 13.9 mi | |
1250 Kings Hwy, Lewes, DE 19958 | 9-12 | 6.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5 Read Ave
Date
Details
Price
Change
Source
8/26/2024
Listed
$2,975,000
226.92%
MLS
12/27/2021
Sold
$910,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5 Read Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,279
3%
$19,500
—
2022
$1,245
1%
$19,500
—
2021
$1,237
—
$19,500
—
2020
$1,233
2%
$19,500
—
2019
$1,213
42%
$19,500
—
2018
$856
4%
$19,500
—
2017
$820
2%
$19,500
—
2016
$807
4%
$19,500
—
2015
$773
1%
$19,500
—
2014
$767
3%
$19,500
—
2013
$746
—
$19,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5 Read Ave
5 Read Avenue, Dewey Beach, DE 19971 (MLS# DESU2067984) is a Single Family property with 5 bedrooms and 3 full bathrooms. 5 Read Avenue is currently listed for $2,975,000 and was received on August 26, 2024. Want to learn more about 5 Read Avenue? Do you have questions about finding other Single Family real estate for sale in Dewey Beach? You can browse all Dewey Beach real estate or contact a Coldwell Banker agent to request more information.