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36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
36525 PALM DRIVE 5103
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$399,900

36525 PALM DRIVE 5103

2 Beds 2 Baths 1,064 Sq.Ft.

Description

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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Location

36525 PALM DRIVE 5103, REHOBOTH BEACH, DE 19971

Status

Sold

Property Amenities

Interior
Laundry room Laundry Room, Washer Hookup, Main Level
Appliances Oven, Electric Range, Electric Oven, Electric Water Heater, Dishwasher, Disposal, Dryer, Stainless Steel Appliance(s), Washer, Water Heater, Microwave, ENERGY STAR Qualified Appliances
Flooring Wood, Ceramic Tile, Hardwood, Vinyl
Total Bedrooms: 2
Full Bathrooms: 2
Other Interior Features Ceiling Fan(s), Kitchen Island, Open Floorplan
Area & Lot
Total area 1,064 Sq.Ft.
Living area 1,064 Sq.Ft.
MLS® ID DESU2106504
Year Built 2003
School District CAPE HENLOPEN
High School CAPE HENLOPEN
View Description Water,Pond,Garden
Architecture Styles Unit/Flat
Type Condo
Status Sold
Exterior
Stories 1
Pool Community
Air conditioning Central Air, Ceiling Fan(s), Electric
Heat type Electric, Forced Air
Water Source Public
Sewer Public Sewer
Parking Paved, Parking Lot
Roof Shingle
Utilities Cable Available, Electricity Available
Finance
Sales Price $399,900
Real Estate Tax $539 yearly

Rehoboth Beach

A Higher Standard of Service

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.