105 Carolina Street Unit A, Dewey Beach, DE 19971 - MLS DESU2043278

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Dewey Beach! Location, location, location! Located in the highly sought after community of Rehoboth By The Sea, this home is located only 11 homes from the Atlantic Ocean. This is a Rehoboth By The Sea leased land property. The very rare re negotiated lease has 26 years remaining and is only $5,219 PER YEAR. Minute lease increases are every five years and are based off of the CPI index thus making the increase very, very affordable.. The present home boasts the pine board walls (very good condition) and hardwood and tile throughout. Recently negotiated leases are typically 3X the annual rent and include a 3.5% annual increase. Renovate this charming little home like many owners have done to their adorable cottages from yesteryear or make plans to built the home of your dreams. Due to the location and the affordable lease from yesteryear this property won't last long. Please call for a private tour, you'll be glad that you did!!

Joe Choma

Sales Associate

[email protected]

Direct: (302) 381-5602

Office: (302) 227-6101

LIC# RS-0015525

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property details

Type

Single Family

Status

Closed

County

SUSSEX

Year Built

1970

Lot Size

5,227 Sq. Ft., 0.1 acres

Listing Id

DESU2043278

Courtesy Of

Joe Choma - Berkshire Hathaway HomeServices PenFed Realty +1 302 227 6101

List Office Phone

+1 (302) 227-6101

Subdivision

REHOBOTH BY THE SEA

Interior Features

Beds

Full Baths

Half Baths

Fireplace

Wood Burning

Flooring

Hardwood
Vinyl

Appliances

Washer

Bathrooms Total

Exterior Features

Parking

Off Street

Utility & Building Info

Below Grade Finished Area

Price Per Sq Meter

Heating

Propane
Forced Air

Building Area Total

0 Sq. Ft.

Architectural Style

Other

BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.

Price History

date	event	price	source
08/18/2023 08/18/2023	Sold	$1,140,000	Bright MLS (MDBMLS-R)
07/24/2023 07/24/2023	Contingent	$1,300,000	Bright MLS (MDBMLS-R)
06/27/2023 06/27/2023	Active	$1,300,000	Bright MLS (MDBMLS-R)

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Market Trends

Source: Constellation1

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Select the Property Address

105 Carolina Street Unit A Dewey Beach, DE 19971