Delaware
Rehoboth Beach
36525 PALM DRIVE #5103

$414,000

36525 PALM DRIVE #5103, Rehoboth Beach, DE 19971

2 beds |
2 baths |
1,064 sqft

Condominium
Built in 2003
—— sqft lot
—— car garage
$389/sqft
Listed 6 months ago

Property Description

GREAT NEW PRICE!!!!!Wait until you see this one! Nestled in the highly sought-after community of The Palms, this completely renovated first-floor condo is truly one of a kind — and it’s the only one currently available! Step inside to discover a bright, open layout with gorgeous new flooring, custom-tiled showers, granite countertops, and stainless-steel appliances — all tastefully finished for a modern, move-in-ready lifestyle. Enjoy serene pond views and peaceful mornings on your screened-in porch, just steps from the community pool. Every detail has been designed for comfort and style — and yes, the stunning furniture conveys! 💰 Proven income producer: This gem generated $26,000 in 2024 with a long-term tenant and $31,500 in 2023 as a short-term rental. Whether you’re seeking reliable cash flow or a high-yield investment, this property delivers exceptional returns and unmatched flexibility. Location, location, location — walk or bike to the Lewes–Rehoboth Trail, the beach, Rehoboth Avenue, premier shopping outlets, and top-rated restaurants.

Listing Status:: Active
Date Added:: April 9, 2025 at 05:00AM
Listing Office:: Iron Valley Real Estate at The Beach : 3025418787
Listing Agent:: Laurie N. Ferris : 3026320675
MLS ID:: DESU2082736

General: Ceiling Fan(s)Dining AreaFloor Plan - OpenWood FloorsWindow TreatmentsUpgraded CountertopsKitchen - Island
Appliances: Built-In MicrowaveDishwasherDisposalDryerEnergy Efficient AppliancesOven - SingleOven - Self CleaningOven/Range - ElectricStainless Steel AppliancesWasherWaterHeater
Laundry: Main Floor
Flooring: Ceramic tileHardwoodLuxury vinyl plank
A/C: Central A/C
Heating: Forced AirElectric
Disability Feature: None

General: Above Grade
Style: Unit/Flat
Parking: Paved Parking

Roofing: Architectural Shingle
General: Vinyl SidingStick Built1

HOA Amenities: Pool - OutdoorTrashPool(s)Common Area MaintenanceExt Bldg Maint800.0Quarterly
Originating MLS: BRIGHT_MAIN
School District: CAPE HENLOPEN
County: SUSSEX-DE

Zoning: C-1334-13.00-317.00-5103
View: PondGarden/Lawn

Utilities: Electric availableCable tv available
Water: Public
Sewer: Public Sewer

Source: BRIGHT_MAIN

This listing courtesy of Laurie N. Ferris, Iron Valley Real Estate at The Beach

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Rehoboth Elementary School

500 Stockley St, Rehoboth Beach, DE, 19971

Grades KG-5

1.51 miles away

Beacon Middle School

19483 John J Williams Hwy, Lewes, DE, 19958

Grades 6-8

1.87 miles away

Cape Henlopen High School

1250 Kings Hwy, Lewes, DE, 19958

Grades 9-12

3.37 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.