1 READ AVE #116D, Dewey Beach, DE 19971
1 READ AVE #116D, Dewey Beach, DE 19971
1 READ AVE #116D, Dewey Beach, DE 19971
1 READ AVE #116D, Dewey Beach, DE 19971
1 READ AVE #116D, Dewey Beach, DE 19971
1 READ AVE #116D, Dewey Beach, DE 19971
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Listed by Brian Barrows • Monument Sotheby's International Realty
$ 65,000
Est. payment | /mo

1 Bed

1 Bath

354 SqFt


$ 65,000
Est. payment | /mo

1 Bed

1 Bath

354 SqFt

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Square Footage 354 sqft

Price per Sqft $183

Subdivision None Available

MLS Listing ID DESU2122792

Style Unit/Flat

Bedrooms 1

Full Baths 1

Condo Fees $435/mo

HOA Y/N N

Abv Grd Liv Area 354

Year Built 1955

Property Sub-Type Condo/Co-op

Source BRIGHT

Property 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!

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning RC

Rooms

Other Rooms Primary Bedroom, Kitchen, Breakfast Room, Full Bath

Main Level Bedrooms 1

Interior

Interior Features Ceiling Fan(s), Dining Area, Floor Plan - Open, Kitchenette, Recessed Lighting

Hot Water Electric

Heating Wall Unit

Cooling Ductless/Mini-Split

Flooring Luxury Vinyl Plank

Inclusions Everything seen! Furniture, bedding, linens, silverware, dishware and glasses.

Equipment Cooktop, Microwave, Refrigerator

Furnishings Yes

Fireplace N

Window Features Insulated

Appliance Cooktop, Microwave, Refrigerator

Heat Source Electric

Exterior

Parking Features Covered Parking

Garage Spaces 1.0

Parking On Site 1

Amenities Available Swimming Pool, Pool - Outdoor, Laundry Facilities, Recreational Center, Reserved/Assigned Parking

Water Access Y

View Ocean

Accessibility None

Total Parking Spaces 1

Garage Y

Private Pool Yes

Building

Story 1

Unit Features Garden 1 - 4 Floors

Foundation Concrete Perimeter

Above Ground Finished SqFt 354

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat

Level or Stories 1

Additional Building Above Grade

New Construction N

Schools

School District Cape Henlopen

Others

Pets Allowed N

HOA Fee Include Common Area Maintenance,Cable TV,Ext Bldg Maint,Electricity,Heat,Insurance,Management,Pool(s),Recreation Facility,Reserve Funds,Sewer,Snow Removal,Trash

Senior Community No

Tax ID 334-20.18-194.00

Ownership Fractional

SqFt Source 354

Security Features Desk in Lobby

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

Virtual Tour https://bcove.video/4izPSfR

Bright MLS (BMLS)

Nearby Locations

CG REALTY LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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1 READ AVE #116D