5 Read Avenue
$2,975,000
5
3
2,800
2,800
$1,063
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...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.
- Listed by Taylor M Tallarico • Keller Williams RealtyP: (302)-519-5350 taylortallarico@kw.com
Property Details for 5 Read Avenue
Tax ID Number
334-20.18-196.00
OwnershipFee Simple
Condo Coop AssociationNo
HOANo
Structure TypeDetached
StyleCoastal
Levels/Stories3.5
WaterfrontNo
LISTING UPDATED: 11/11/2024 03:16 PM
Property Details for 5 Read Avenue
Status | Active |
---|---|
MLS # | DESU2067984 |
Days on Market | 94 |
Taxes | $1,279 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Fee Simple |
Year Built | 1946 |
Lot Size | 0.09 AC / 3,755 SF |
County | Sussex County |
Building Information for 5 Read Avenue
Stories-Year Built1946Building Size-Lot Size0.09 AC / 3,755 SF
Property Information for 5 Read Avenue
Property History for 5 Read Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5 Read Avenue
Taxable ValueLand$7,200Additions$12,300Total$19,500
Tax Record2023$1,280 ($107 / month)
Home Facts
Total Finished SqFt1,960 SqFtAbove Grade Finished SqFt1,960 SqFtStories3Lot Size3,751 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningTNCountySUSSEXAPN334-20.18-196.00Fireplace TypeHas Fireplace
Schools near 5 Read Avenue
This home is within Cape Henlopen School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 12 |
Rating | School | Distance |
---|---|---|
Rehoboth Elementary School PublicK to 5 | ||
Mariner Middle School Public6 to 8 | ||
Cape Henlopen High School Public9 to 12 | ||
Sussex Consortium PublicPK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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