36525 Palm Drive #5103, Rehoboth Beach, DE 19971
Local realty services provided by:Better Homes and Gardens Real Estate GSA Realty
36525 Palm Drive #5103,Rehoboth Beach, DE 19971
$399,900
- 2 Beds
- 2 Baths
- - sq. ft.
- Condominium
- Sold
Listed by: laurie n. ferris
Office: iron valley real estate at the beach
MLS#:DESU2106504
Source:BRIGHTMLS
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Price summary
- Price:$399,900
About this home
Proven Income Producer – Turnkey Coastal Retreat!
If you’re searching for a remarkable beach investment with immediate income potential, this beautifully renovated first-floor condo is a rare opportunity. In 2025 alone the property generated over $32,000 in rental income—and that figure was reduced due to a long-term renter occupying part of the season.
The home has been completely refreshed and thoughtfully redesigned, featuring a brand-new kitchen, stylish tile-surround bathrooms, and designer furnishings throughout. Even better, all furniture conveys, making this a truly turnkey investment or effortless second home.
Major updates provide added peace of mind, including a new HVAC system installed in 2025, allowing owners and guests to enjoy comfort year-round.
Step onto the screened porch overlooking the community pool, the perfect spot to sip your morning coffee or unwind with a glass of wine after a day at the beach.
Ideally located with easy access to Route 1, tax-free outlet shopping, restaurants, and Delaware’s beautiful beaches, and just moments from the bike trail, this home blends convenience with coastal charm. The first-floor location offers easy accessibility for owners and guests alike.
Whether you’re looking for a proven income-producing property or a coastal getaway that helps pay for itself, this one truly stands out.
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Home facts
- Year built:2003
- Listing ID #:DESU2106504
- Added:52 day(s) ago
- Updated:May 05, 2026 at 10:15 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:9
- Flooring:Ceramic Tile, Hardwood, Luxury Vinyl Plank
- Dining Description:Dining Area
- Bathrooms Description:Bathroom 1, Bathroom 2
- Kitchen Description:Built-In Microwave, Dishwasher, Disposal, Energy Efficient Appliances, Kitchen - Island, Oven - Self Cleaning, Oven - Single, Oven/Range - Electric, Stainless Steel Appliances, Upgraded Countertops, Water Heater
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Forced Air
Structure and exterior
- Roof:Architectural Shingle
- Year built:2003
- Construction Materials:Stick Built, Vinyl Siding
- Exterior Features:Porch(es), Screened
- Levels:1 Story
Schools
- High school:CAPE HENLOPEN
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$399,900
- Tax amount:$539 (2025)
Features and amenities
- Laundry features:Dryer, Laundry, Washer
- Amenities:200+ Amp Service, Cable TV Available, Ceiling Fan(s), Electric Available, Window Treatments
Parking
- Parking description:Parking Lot, Paved Parking
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