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1 Read Avenue 116d , Dewey Beach, DE 19971
$65,000
Est. Payment: $355.47/mo
1 Bed
1 Bath
354 Sqft
Status: active | Days on site: 9
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OAA204 - 3256954,3258303
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House Description

UNMATCHED OPPORTUNITY! OCEANFRONT OWNERSHIP + RENTAL INCOME OPPORTUNITY! Imagine waking up to the sound of waves, stepping outside, and walking directly onto the sand. Enjoy morning strolls along the shoreline, afternoons soaking up the sun, and evening walks under glowing sunsets — all without having to drive anywhere or fight for parking. Welcome to The Surf Club, where OCEANFRONT LIVING MEETS FLEXIBILITY, INCOME POTENTIAL, AND HASSLE-FREE OWNERSHIP — and all without spending millions of dollars. This beautifully maintained 1-BEDROOM, 1-BATH CONDO comfortably SLEEPS FIVE thanks to a KING-SIZED BED, a QUEEN-SIZED SLEEPER SOFA, and a VERSATILE SLEEPING BENCH — making it perfect for families, guests, or maximizing rental potential. You'll enjoy 13 WEEKS OF DEEDED OWNERSHIP each year — this is NOT A TIMESHARE! FLEXIBLE RENTAL PROGRAM: At the beginning of each year, owners choose which weeks to USE and which to RENT. Any weeks placed into the SOV RENTAL POOL earn income based on the total rentals for your room category that week. If you’re the only owner renting, you keep 100% OF YOUR UNIT’S PROFITS. If multiple SOV units are rented, profits are divided equally among those owners. Nightly rental rates are market-driven, and on-site professional management — the same team that operates the HYATT at the Rusty Rudder — handles bookings, cleanings, maintenance, utilities, taxes, and insurance. You can also switch plans last minute: if you originally planned to use your week but can’t, you can make it available for rental. Likewise, if you planned to rent but decide you want to come, you can — as long as your unit or another available SOV is open. With SUMMER WEEKS TYPICALLY BOOKED, this property offers a RARE OPPORTUNITY to enjoy GUARANTEED VACATION TIME and PASSIVE INCOME — without the stress of managing a rental. Spend your mornings sipping coffee with a view, your afternoons on the sand, and your evenings strolling to Dewey’s best restaurants, live music, and nightlife — all just steps away. And when you want to explore, hop on the Jolly Trolley for a quick ride into Rehoboth. This isn’t just oceanfront ownership — it’s the ultimate Delaware beach lifestyle combined with a smart investment opportunity. With its prime SOV location, sleeping capacity for five, flexible rental income, and professional management, this condo delivers the best of both worlds. All of this can be yours for the price of a car!

Highlights

Listed by Brian K Barrows , 3022276767 and JENNIFER BARROWS , 3022276767 Monument Sotheby's International Realty , 3022276767. Bright MLS

Property Type

Condo

Year Built

1955

County

Sussex

Area

Lewes Rehoboth Hundred (31009)

Neighborhood

None Available

School District

Cape Henlopen

Listing ID

DESU2122792

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:1
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Appliances:Cooktop, Microwave, Refrigerator
Air Cond:Ductless/Mini-Split
Fireplaces:
Floor:Luxury Vinyl Plank
Above Ground Sq Ft:354
Other:
  • ▪ Main Floor Bedrooms:1
  • ▪ Additional:Ceiling Fan(s), Dining Area, Floor Plan - Open, Kitchenette, Recessed Lighting
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,Waterfront
Garage Capacity:1
Zoning:RC
Others:
  • ▪ Additional:Outside Shower, Swimming Pool, Pool - Outdoor, Laundry Facilities, Recreational Center, Reserved/Assigned Parking, Common Area Maintenance, Cable TV, Ext Bldg Maint, Electricity, Heat, Insurance, Management, Pool(s), Recreation Facility, Reserve Funds, Sewer, Snow Removal, Trash
Sewer:Public Sewer
Parking Features:Assigned,Covered Parking,Parking Garage,1+ Spaces
Principal Interest
$355
Taxes
$41

Home Price

$65,000

Loan Details

30 yrs
7.271%

Down Payment

20%
$13,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$355.47

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $355.47 $41.44 $435.00 $831.91
Yearly $4,265.67 $497.25 $5,220.00 $9,982.92
Total $127,970.15 $14,917.50 $156,600.00 $299,487.65
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Dewey Beach, DE).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T17:14:43.000Z

© 2026 Bright MLS