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Kysha Merritt

kysha@kyshamerritt.com +1(443) 271-6039

Listed by JORDAN GEYER • Jack Lingo - Rehoboth

$ 4,095,000

Est. payment | -/mo

5 Beds

6 Baths

2,500 SqFt

Save

$ 4,095,000

Est. payment | -/mo

Save

5 Beds

6 Baths

2,500 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $1,638

Subdivision South Rehoboth

MLS Listing ID DESU2118150

Style Cape Cod

Bedrooms 5

Full Baths 5

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 2,500

Year Built 2024

Annual Tax Amount $1,134

Lot Size 5,000 Sqft

Lot Dimensions 50x100

Property Sub-Type Detached

Source BRIGHT

Property Description

Whether you're an investor looking for a Rental Machine or looking for your personal ocean block oasis 3 Laurel Street will deliver! Just completed in 2024, this Ocean Block home with an inground pool is a rare find in the City of Rehoboth Beach. Currently being used as rental property, the home has grossed over $200,000 the last 2 rental seasons and is already at $235,000+ for 2026 with peak weeks renting for $15,000! The furnishings and tvs are negotiable making this property perfect for investors looking for a turn key income producing property. Close before summer and collective the income at closing! This home is much more than just a rental property and checks all of the boxes for buyers who are looking for a luxury home with incredible ocean views and a short walk to all of the attractions Rehoboth Beach has to offer. This magnificent 2,500sqft beach house is only 150 feet from the beach and boardwalk with Ocean views from all rooms on the front of the house. Tons of outdoor space to take in the sights and sounds of Rehoboth Beach from the front porch, by the pool or the second floor deck. The spacious well thought out great room has incredible attention to detail such as exposed beams, stacked stone gas fireplace, and sustainable hardwood floors that carry throughout the entire house. The open floor plan is tied together perfectly with 10 ft ceilings, Pella windows and gorgeous craftsman trim everywhere you look.Cooking dinner for all of your guests will be a delight in the chef s kitchen with quartz counters, stainless steel Kitchen Aid appliances, 48 inch gas range and oversized French door refrigerator/freezer. All 5 of the spacious ensuite bedrooms feature tiled bathrooms with frameless glass showers. The third floor suite is embellished with exposed beams and a cathedral ceiling. This home truly has it all; a sunken laundry room, pantry closet, easy access to a conditioned crawl space, split system HVAC and 2 tankless hot water heaters. Exterior features include a paver front porch, backyard paver patio with pool, privacy fencing, outdoor shower, cedar impression siding and stone, composite decking, irrigation system and parking for 2 cars.This South Rehoboth masterpiece is only steps to the ocean, 4 blocks to Rehoboth Avenue and a quick stroll to shops and restaurants.

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning RES

Rooms

Main Level Bedrooms 1

Interior

Hot Water Tankless

Heating Heat Pump(s)

Cooling Central A/C

Fireplaces Number 1

Fireplaces Type Gas/Propane

Inclusions Furniture and TV negotiable.

Fireplace Y

Heat Source Electric

Exterior

Garage Spaces 2.0

Fence Vinyl

Pool In Ground

Water Access N

View Ocean

Accessibility None

Total Parking Spaces 2

Garage N

Private Pool Yes

Building

Story 2.5

Foundation Crawl Space

Above Ground Finished SqFt 2500

Sewer Public Sewer

Water Public

Architectural Style Cape Cod

Level or Stories 2.5

Additional Building Above Grade

New Construction N

Schools

School District Cape Henlopen

Others

Pets Allowed Y

Senior Community No

Tax ID 334-14.18-95.01

Ownership Fee Simple

SqFt Source 2500

Acceptable Financing Cash, Conventional

Horse Property N

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Pets Allowed Case by Case Basis

Nearby Locations

3 LAUREL ST Rehoboth Beach, DE 19971