Rehoboth Beach, DE 19971 36525 Palm Drive # 5103
$429,900
34 more
Presented By: Iron Valley Real Estate at The Beach
Beds • 2- Baths • 2
- SQFT • 1,064
Beds • 2
Baths • 2
SQFT • 1,064Home Details
Waithave you seen this stunning condo in the highly sought-after community, The Palms? Its the only one on the market right now, and its been completely redone with beautiful finishesstainless steel appliances, granite countertops, custom tile showers, and gorgeous flooring throughout. The bedrooms are spacious, and the whole place is move-in ready. This beautiful first - floor unit offers serene views of the pond and the community pool - perfect for relaxing and enjoying the tranquil surroundings from your screened - in porch.
But heres the kicker: Proven income producer! This property generated $26,000 in 2024 with a long-term tenant in place, and brought in $31,500 in 2023 through short-term rentals. Whether youre looking for steady cash flow or high-yield potential, this home delivers. stunning furniture conveys. Just steps from the bike trail, Rehoboth outlets, the beach, Rehoboth Ave, and amazing restaurants. Its been an incredible investment for the sellersand it could be for you too! This is a rare opportunity to own a piece of heaven or to increase your real estate portfolio. Easy to show so schedule your appointment today!!!!!!!!!!!!!!!!
Presented By: Iron Valley Real Estate at The Beach
Interior Features for 36525 Palm Drive # 5103
Bedrooms
Main Level Bedrooms2
Total Bedrooms2
Bathrooms
Total Baths2
Other Interior Features
LivingAreaSourceEstimated
Above Grade Finished Area1064
Above Grade Finished Area SourceEstimated
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Central Air Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile, Hardwood, Luxury Vinyl Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Interior AmenitiesCeiling Fan(s), Dining Area, Floor Plan - Open, Wood Floors, Window Treatments, Upgraded Countertops, Kitchen - Island
Laundry TypeMain Floor
Other Rooms
Entry Level1
General for 36525 Palm Drive # 5103
Acceptable FinancingCash, Conventional
AccessibilityNone
AppliancesBuilt-In Microwave, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Oven - Single, Oven - Self Cleaning, Oven/Range - Electric, Stainless Steel Appliances, Washer, Water Heater
Architectural StyleUnit/Flat
Association AmenitiesPool - Outdoor
Association Fee IncludesTrash, Pool(s), Common Area Maintenance, Ext Bldg Maint
Association Recreation FeeN
Bathrooms Count Main Level2.00
Bathrooms Full Main Level2
Building NameNONE AVAILABLE
CityREHOBOTH BEACH
Condo/Coop Association Y/NYes
Construction MaterialsVinyl Siding, Stick Built
Cool FuelElectric
CoolingCentral A/C
CountySUSSEX
Directions1 South, right onto Palm Drive, on your right
DisclosuresProp Disclosure, Radon, Lead Based Paint - Federal
Full Baths2
Garage Y/NNo
HOANo
HOA Fee 2800.00
HOA Fee 2 FrequencyQuarterly
HeatingForced Air
Historic Y/NNo
Lease Considered Y/NNo
Legal SubdivisionPalms Of Rehoboth
Levels1
MLS AreaLewes Rehoboth Hundred (31009)
ModificationTimestamp2025-04-21T08:34:59
New ConstructionNo
Other StructuresAbove Grade
OwnershipCondominium
Possession31-60 Days CD
Price Per Sq Ft Total AG404.04
Property ConditionExcellent
Property TypeResidential
RoofArchitectural Shingle
School DistrictCAPE HENLOPEN
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Structure TypeUnit/Flat/Apartment
Subdivision NameTHE PALMS
Sussex DE QuadrantsBetween Rt 1 & 113
Tax Annual Amount648.0
Tax Assessed Value2024.0
Total SQFT1064
Unit Number5103
UtilitiesElectric Available, Cable TV Available
Vacation Rental Y/NYes
ViewPond, Garden/Lawn
Water Access Y/NNo
Waterfront Y/NNo
Year Built2003
Year Built SourceEstimated
ZoningC-1
Exterior for 36525 Palm Drive # 5103
InclusionsAll furniture, kitchen items and misc. items
Land Assessed Value1000.00
Land Use Code999
Navigable Water Y/NNo
Parking FeaturesPaved Parking
Parking Lot - # of Spaces2
PoolYes - Community
Total Parking Spaces2
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NYes
Additional Details
Price History
Schools
Elementary School
N/A
Middle School
N/A
High School
Cape Henlopen High School
