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sales rep | Brivity IDX

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21089 Elizabeth Ave , Rehoboth Beach, DE 19971
$1,799,000
Est. Payment: $9,838.39/mo
2 Bed
1 Bath
812 Sqft
0.11 Acres
Status: active | Days on site: 163
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House Description

This charming ranch-style property is a rare find just a couple blocks away from the beach. The main house features 2 bedrooms, 1 bathroom, a spacious living room with a wood-burning fireplace, an updated eat-in kitchen, and an enclosed porch for summer relaxation. The main house has undergone significant updates in the past 5 to 10 years including a renovated kitchen and bathroom, refinished hardwood floors, new siding, gutters, and fascia. Situated on a 50 x 100 lot just outside the city limits, this property also includes a newly rebuilt 1 bedroom, 1 bathroom detached apartment with rental income potential. The apartment offers a living/dining combination on the first floor and a bedroom with a full bath on the upper level. With a driveway that fits five plus cars, parking will never be an issue for you or your tenants. The rental income generated in 2024 was $65,000 prior to the completion of the apartment, and the estimated income for the apartment alone ranges from $20,000 to $30,000. Whether you're looking for a new home near the beach or an investment property with great rental potential, this property is a fantastic opportunity not to be missed. Take advantage of this unique property and make it yours today! Agent is related to seller. Seller is a licensed real estate agent in the State of Delaware.

Highlights

Listed by George W Manolakos , 3025292690 Patterson-Schwartz-Brandywine , 3024750800. Bright MLS

Property Type

Residential

Lot/Acreage
0.11

Year Built

1957

County

Sussex

Area

Lewes Rehoboth Hundred (31009)

Neighborhood

Ann Acres

School District

Cape Henlopen

Listing ID

DESU2112446

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Air Cond:Central A/C
Fireplaces:Brick,1 Fireplace
Above Ground Sq Ft:812
Basement:Partial
Other:
  • ▪ Main Floor Bedrooms:2
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:50 X 100
Zoning:Residential
Others:
  • ▪ Additional:Very Good
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$9,838
Taxes
$119

Home Price

$1,799,000

Loan Details

30 yrs
7.271%

Down Payment

20%
$359,800
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:
$9,838.39

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,838.39 $119.17 $0.00 $9,957.56
Yearly $118,060.67 $1,430.00 $0.00 $119,490.67
Total $3,541,820.02 $42,900.00 $0.00 $3,584,720.02
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Rehoboth 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: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS