103 CAROLINA ST, Dewey Beach, DE 19971 - MLS#DESU2073330

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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

$2,075,000

Est. payment - /mo

4 Beds

4 Baths

4,791 Sqft Lot

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UPDATED:

11/07/2024 12:38 PM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Subdivision Rehoboth By The Sea

MLS Listing ID DESU2073330

Style Coastal,Cottage,Mid-Century Modern

Bedrooms 4

Full Baths 3

Half Baths 1

HOA Y/N N

Originating Board BRIGHT

Land Lease Amount 25000.0

Land Lease Frequency Annually

Year Built 1964

Annual Tax Amount $488

Tax Year 2024

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 50.00 x 100.00

Property Description

Fabulous Location in Rehoboth-by-the-Sea (North Dewey)! Just one block to the ocean, this home was rebuilt by the owner from the ground up in 2018 and was used as a year-round residence. Don’t miss out on this one-of-a-kind, Mid-Century-style beach home with its Coastal California flair and vibe. Boasting more upgrades than you will likely ever find in the “windjammer” model, including new windows, doors, roof, flooring, baths, kitchen, custom woodwork, etc. You can move right in and start enjoying family gatherings or rental income that exceeds most standards. Designed with comfort and style in mind, it features a stunning open floor plan (26x25), original pine heart floors, vaulted 12-foot exposed Cypress beam ceilings, and skylights. The chef's kitchen is equipped with granite countertops, stainless steel appliances, a gas stove, and an extra beverage refrigerator. With walls of glass that fill the space with natural light, this sophisticated coastal cottage-style vacation home promises to create unforgettable family memories.
The home comfortably accommodates 10 guests in 4 bedrooms. The master bedroom features 10-foot ceilings, an ensuite bath and a large walk-in closet; a second primary suite features another ensuite bath. The Remaining bedrooms include a “kids” room with bunk and queen bed and a king room with ensuite half bath. Three of the bedrooms are located in the new addition added to the rear of the home in 2018.
Outside the master bedroom, there’s a private patio area for quiet escapes, full privacy fencing your pup, along with a private outdoor shower and hot tub. Nestled on a beautifully landscaped and irrigated lot, the home features a spacious 12x26 front deck with both seating and dining areas for alfresco enjoyment. There are full architecture plans (attached) for 12x 28 front screened porch with gas fireplace, living and dining areas. Additionally, there's a small landscaped yard on the west side where you can soak up the afternoon sun on lounge chairs, enjoying the soothing sounds of a water fountain amidst a tropical-inspired landscape. The outdoor areas are adorned with overhead string lights that create a warm evening glow, perfect for family gatherings.
The property has a remaining 52-year land lease and is being sold turnkey, with $105,000 in 2025 rentals already booked. The projected income for 2025 is up to$180,000. Summer rent is $10,000/week – rent 2.5 weeks and pay your entire annual land lease!
This coveted Rehoboth-by-the-Sea location in North Dewey is just a short stroll from the beach and the picturesque Silver Lake area, as well as all the attractions that Dewey and Rehoboth have to offer. Very few of these homes ever come on the market in North Dewey and the upgrades and attention to detail make this home an extraordinarily special resort retreat.

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning RN

Direction South

Rooms

Main Level Bedrooms 4

Interior

Hot Water Electric

Heating Heat Pump - Electric BackUp

Cooling Heat Pump(s)

Furnishings Yes

Fireplace N

Heat Source Electric

Exterior

Garage Spaces 2.0

Waterfront N

Water Access N

Accessibility Entry Slope <1', Level Entry - Main

Parking Type Driveway, Off Street

Total Parking Spaces 2

Garage N

Building

Story 1

Foundation Crawl Space

Sewer Public Sewer

Water Public

Architectural Style Coastal, Cottage, Mid-Century Modern

Level or Stories 1

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Rehoboth

Middle Schools Beacon

High Schools Cape Henlopen

School District Cape Henlopen

Others

Pets Allowed Y

Senior Community No

Tax ID 334-20.10-89.00

Ownership Land Lease

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Pets Description No Pet Restrictions

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Listed by Michael Reamy Jr • Monument Sotheby's International Realty

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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