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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Location
36525 PALM DRIVE 5103, REHOBOTH BEACH, DE 19971
Status
Sold
Property Amenities
Interior
Laundry roomLaundry Room, Washer Hookup, Main Level
AppliancesOven, Electric Range, Electric Oven, Electric Water Heater, Dishwasher, Disposal, Dryer, Stainless Steel Appliance(s), Washer, Water Heater, Microwave, ENERGY STAR Qualified Appliances
FlooringWood, Ceramic Tile, Hardwood, Vinyl
Total Bedrooms:2
Full Bathrooms:2
Other Interior FeaturesCeiling Fan(s), Kitchen Island, Open Floorplan
Area & Lot
Total area1,064 Sq.Ft.
Living area1,064 Sq.Ft.
MLS® IDDESU2106504
Year Built2003
School DistrictCAPE HENLOPEN
High SchoolCAPE HENLOPEN
View DescriptionWater,Pond,Garden
Architecture StylesUnit/Flat
TypeCondo
StatusSold
Exterior
Stories1
PoolCommunity
Air conditioningCentral Air, Ceiling Fan(s), Electric
Linda delivers a refined, results-driven experience from start to finish. Her commitment ensures every detail is managed with care. Experience real estate done right.