8 Olive Avenue, Unit 205

Rehoboth Beach, DE 19971

$624,000
Price
1
Bed
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Location, location, location! Welcome to Patrician Towers in Rehoboth Beach, DE, where coastal charm meets an unbeatable ocean-block location that truly sets it apart. Just a short distance from the beach and boardwalk, this fully furnished corner unit offers an unparalleled beachside experience. Featuring two balconies and three sets of sliding glass doors, this bright and inviting condo seamlessly blends indoor and outdoor living, perfect for enjoying the coastal breeze and morning coffee. The...Location, location, location! Welcome to Patrician Towers in Rehoboth Beach, DE, where coastal charm meets an unbeatable ocean-block location that truly sets it apart. Just a short distance from the beach and boardwalk, this fully furnished corner unit offers an unparalleled beachside experience. Featuring two balconies and three sets of sliding glass doors, this bright and inviting condo seamlessly blends indoor and outdoor living, perfect for enjoying the coastal breeze and morning coffee. The light-filled living and dining area creates a warm and welcoming space for your dream retreat. Patrician Towers boasts a rooftop pool and sun deck with breathtaking panoramic views of the beach and boardwalk, offering the ultimate escape to relax and unwind. The front courtyard’s tranquil koi pond with seating adds another serene retreat. Additional amenities include covered off-street garage parking, an elevator, on-site management, a laundry room, and outdoor facilities like sand showers and restrooms—all designed for your convenience. With Rehoboth’s renowned restaurants, boutique shops, arcades, and scenic walking and biking trails just minutes away, this condo truly places you at the heart of everything extraordinary. Rental income for 2024 around $17,850 and 2023 rental income around $13,500.
  1. Listed by Sharon Y Daugherty • Keller Williams Realty Delmarva
    P: (410)-430-4004 sdgclient@outlook.com

Property Details for 8 Olive Avenue, Unit 205

Tax ID Number
334-14.14-31.00-205
Ownership
Condominium
Condo Coop Association
Yes
HOA
No
Entry Floor Number
2
Structure Type
Unit/Flat/Apartment
Style
Coastal
Levels/Stories
1
LISTING UPDATED: 03/07/2025 09:14 AM

Property Details for 8 Olive Avenue, Unit 205

StatusActive
MLS #DESU2075476
Days on Market87
Taxes$788 / year
HOA Fees-
Condo/Co-op Fees$6,390 / year
Compass TypeCondo
MLS TypeResidential / Condo
Year Built1970
CountySussex County

Building Information for 8 Olive Avenue, Unit 205

Building/ComplexPatrician TowersFloor-Stories1Residences-Pet PolicyAllowedPet Policy DetailsCats OK,Dogs OKYear Built1970

Property Information for 8 Olive Avenue, Unit 205

Location
Location
  • In City Limits: Yes
  • School District Name: CAPE HENLOPEN
  • School District County ID: 300200396895
  • SchoolDistrictSource: Listing Agent
  • County: SUSSEX
  • MLS Area: Lewes Rehoboth Hundred (31009)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Condo Coop Name: Patrician Towers Owners Inc.
  • Condo Coop Phone: 302-227-9471
  • HOA Condo Coop Mgmt Type: Professional - On-site
  • HOA Condo Coop Fee Includes: Custodial Services Maintenance, Ext Bldg Maint, Insurance, Management, Pest Control, Reserve Funds, Water
  • HOA Condo Coop Amenities: Elevator, Pool - Outdoor
  • Property Manager Y/N: Yes
  • Senior Community: No
  • Type of Condo: Condo/Coop Association
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $11,500
  • Year Assessed: 2024
  • County Tax: $46
  • Improvement Assessed Value: $11,500
  • City Town Tax: $226
  • Clean Green Assessed: No
  • Land Use Code: 999
  • Zoning: R
  • School Tax: $516
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Pets Allowed: Yes
  • Pet Restrictions: Cats OK, Dogs OK
Rooms
Main
  • # Bedrooms Count Main Level: 1
  • # Bathrooms Count Main Level: 1
  • # Bathrooms Full Main Level: 1
Rooms
  • Stories: Main
Financial Information
Financial Information
  • Annual Rental Income: $17,850
Building Info
Building Info
  • Total Finished SQFT: .00
  • Total Finished SQFT Source: Assessor
Lot / Land Information
Lot / Land Information
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 5196178
Parking
Parking
  • Type Of Parking: Off Street
  • Off Street - # of Spaces: 1
Interior Features
Interior Features
  • Interior Features: Combination Dining/Living
  • Fireplace: No
  • Appliances: Dishwasher, Microwave, Refrigerator, Oven/Range - Electric
  • Accessibility Features: Other
  • Laundry Type: Dryer In Unit, Washer In Unit
Exterior Features
Exterior Features
  • Exterior Features: Outside Shower, Sidewalks
  • Outdoor Living Structures: Balcony
  • Pool: Yes - Community
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Coastal Association of REALTORS (MD)
  • List Agent URL: www.searchoceancitymdrealestate.com

Property History for 8 Olive Avenue, Unit 205

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8 Olive Avenue, Unit 205

Taxable ValueLand-Additions$11,500Total-
Tax Record2023$567 ($47 / month)
Home Facts
Beds0StyleCondominiumZoningTNCountySUSSEXAPN334-14.14-31.00-205

Schools near 8 Olive Avenue, Unit 205

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

8 Olive Avenue, Unit 205 is a condo for sale in Rehoboth Beach, DE 19971. This property was listed for sale on December 11, 2024 by Keller Williams Realty Delmarva, it's currently listed at $624,000. It has been on the market for a total of 87 days and was last sold on April 13, 2017. This listing's school district is Cape Henlopen School District. Nearby schools include Rehoboth Elementary School, Mariner Middle School and Cape Henlopen High School. 8 Olive Avenue, Unit 205 is a 1-bed, 1-bath, condo built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Delmarva

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.