Active

5 Read Avenue

Dewey Beach DE, 19971

$2,975,000


$1,062.50 per sqft

Active

5 Beds

3 Baths

2,800 sqft

Residential

Built in 1946

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.

DESU2067984

MLS ID

August 26, 2024

Listed

November 11, 2024

Updated

Map

5 Read Avenue
Dewey Beach DE, 19971

Interior Features

Total Stories

3


Bedrooms

5


Total Bathrooms

3


Full Bathrooms

3


Appliances

Dishwasher, Refrigerator, Microwave, Electric Oven, Electric Range, Washer


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.09 Acres


Architectual Style

Coastal


Sewer

Public Sewer

School Information

School District

CAPE HENLOPEN

Other Property Details

Taxes

$1,279


Tax Frequency

Annually


Days on Market

78


Garage

No


Parking

Off Street, On Street


Parking Total

5


View

Yes


View Description

Bay, Water, Ocean


County

SUSSEX


Water Source

Public


Pool

No


Waterfront

Yes

Listing History

Date

Event

Price

8/26/2024

Active

Listed by Keller Williams Realty
Listing Contact: 3025195350 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/11/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Bright MLS, Inc. all rights reserved.

Data last updated on 11/11/2024 at 8:50 PM UTC

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