37519 Oyster House Rd, Rehoboth Beach, DE 19971
Local realty services provided by:Better Homes and Gardens Real Estate GSA Realty
37519 Oyster House Rd,Rehoboth Beach, DE 19971
$1,288,000
- 3 Beds
- 2 Baths
- 576 sq. ft.
- Single family
- Active
Listed by:michael jeremy finkle
Office:crown homes real estate
MLS#:DESU2098906
Source:BRIGHTMLS
Price summary
- Price:$1,288,000
- Price per sq. ft.:$2,236.11
About this home
APPROVED preliminary plans to build three, 5 bed 4 bath homes! East of route one and an easy walk to Rehoboth Ave. Discover a rare opportunity to own a fully renovated, income-producing Rehoboth Beach cottage while unlocking incredible development potential. This charming coastal retreat sits on nearly half an acre and features a beautifully updated main cottage along with a separate in-law suite—perfect for extended family or vacation guests. The property currently operates as a successful short-term rental, generating approximately $45,000 per summer, even with two weeks reserved for the owner’s family.
Beyond its charm and consistent income, this property offers something truly special: C-1 zoning with preliminary approval already in place for three new 5-bedroom, 4-bath homes. Whether you’re an investor seeking steady cash flow while you plan your project, or a developer ready to take advantage of the area’s booming new construction market, this property checks every box. New development around the corner has sold homes exceeding of $1.6 million, proving the strong demand for high-end coastal living in this location.
Situated just one lot from the Rehoboth-Lewes Canal, the property offers easy access to everything that makes Rehoboth Beach so desirable. A new city-approved bike path located about 40 feet away will soon connect directly to Rehoboth Avenue and the Boardwalk, allowing guests or future homeowners to enjoy the beach, dining, and shops without ever starting a car.
Located outside of Rehoboth Beach city limits, the property falls under Sussex County jurisdiction—making the permitting process simpler, faster, and more cost-effective. And to make things even easier, the listing agent is a local builder and contractor who can complete the future builds for the new buyer.
This is an exceptional opportunity to own a cash-flowing Rehoboth Beach classic with the potential to develop three new luxury homes in one of Delaware’s most coveted coastal destinations.
Buyer to confirm all permitted land uses with Sussex County. Seller is a licensed Delaware REALTOR®, local builder/contractor, and the listing agent.
Contact an agent
Home facts
- Year built:1960
- Listing ID #:DESU2098906
- Added:15 day(s) ago
- Updated:November 01, 2025 at 01:36 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:576 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Forced Air
Structure and exterior
- Year built:1960
- Building area:576 sq. ft.
- Lot area:0.37 Acres
Utilities
- Water:Well
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,288,000
- Price per sq. ft.:$2,236.11
- Tax amount:$250 (2021)
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