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sales rep | Brivity IDX

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502 5th St , Rehoboth Beach, DE 19971
$375,000
Est. Payment: $2,050.80/mo
3 Bed
2 Bath
1456 Sqft
0.23 Acres
Status: active | Days on site: 157
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KWBCH05 - 3258266,3257236
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House Description

Don’t miss this opportunity to own property east of Route 1 in Rehoboth Beach! This three-bedroom, one-and-a-half-bath ranch home offers excellent potential for renovation or redevelopment in a highly desirable location close to shopping, dining, and the beach. The nearby Wolfe Neck Trail provides convenient access for walking or biking into both Lewes and Rehoboth Beach, making this location especially attractive for outdoor enthusiasts 🚴‍♀️🌿. For investors or builders, the property presents additional possibilities. Subject to approvals, there is potential to re-establish the property line, remove the existing home, and construct two new homes—an excellent redevelopment opportunity in an area experiencing continued growth 📈. There is no HOA, and the property is zoned to allow manufactured homes. Several newly constructed homes in the surrounding community are helping support increasing neighborhood value, making this an appealing option for homeowners, investors, or builders alike. The property is being sold AS IS.

Highlights

Listed by Jeffrey Fowler-Gray , 3027273013 and Cindy J Sakowski , 3027452053 Keller Williams Realty , 3023600300. Bright MLS

Property Type

Residential

Lot/Acreage
0.23

Year Built

1980

County

Sussex

Area

Lewes Rehoboth Hundred (31009)

Neighborhood

Tru Vale Acres

School District

Cape Henlopen

Listing ID

DESU2109908

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:1
  • ▪ 1/2 Bathrooms:1
Appliances:Dishwasher, Refrigerator, Oven/Range - Electric
Air Cond:Central A/C
Fireplaces:1 Fireplace
Floor:Carpet,Laminated
Above Ground Sq Ft:1456
Other:
  • ▪ Main Floor Bedrooms:3
  • ▪ Additional:No Pet Restrictions, Pets Allowed
Water:Public,Well

Exterior Features

Lot:Level,Not New Construction,Horse Property: No
Garage Capacity:4
Zoning:manufactured, modular, stick built
Others:
  • ▪ Additional:Outbuilding(s), Below Average
Sewer:Public Sewer
Parking Features:Concrete Driveway,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$2,051
Taxes
$63

Home Price

$375,000

Loan Details

30 yrs
7.271%

Down Payment

20%
$75,000
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:
$2,050.80

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,050.80 $63.08 $0.00 $2,113.89
Yearly $24,609.64 $757.00 $0.00 $25,366.64
Total $738,289.33 $22,710.00 $0.00 $760,999.33
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: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS