Listing
$850,000
Original list price: $895,000
50 Wi••••• Ave Unit 103 (Sign up for 50 free credits to unlock)Rehoboth Beach, DE 19971
Property Description
Rare Unit in The Wilmington. Welcome to your beach condo in the downtown Rehoboth, just a short walk to Rehoboth Beach Board Walk, shops, restaurants and more! Inviting 2-bedroom, 2-bathroom garden-style apartment offers a warm and cozy atmosphere, perfect for relaxation and entertaining. Step inside to discover an open floor plan that seamlessly connects the living and dining areas, enhanced by plush carpeting and ceiling fans for comfort. The galley kitchen is equipped with appliances, including a dishwasher, microwave, and electric range, making meal prep a breeze. Enjoy your morning coffee on the private balcony, or take advantage of the community amenities, including a sparkling outdoor pool and beautifully maintained common grounds. With assigned parking and an elevator for easy access, convenience is at your fingertips. Located in a vibrant neighborhood, this condo is just moments away from local shops and dining options, which makes renting this home out short term a great possibility. Experience the perfect blend of comfort and community living in this delightful property-your ideal retreat awaits! Water, Sewer, and Trash are included in the HOA fees. Condo comes fully furnished, which means its ready for you to move in and enjoy! The seller made $18,000 in rental income while still using the property for themselves. Potential to make significantly more with a more open availability for bookings. No current bookings are in place for 2026, so owner can choose to rent or not to rent for summer 2026.
Property Facts & Features
- Property Type
- Condos
- Status
- Closed
- Listed
- Mar 24, 2025
- Sold
- Oct 7, 2026
- List Price
- $895,000
- Price per Sq Ft
- $630/sqft
- ZIP Code
- 19971
- Full Baths
- 2
- Stories
- 1
- Parking
- Assigned, Parking Lot
- Heating
- Heat Pump Electric BackUp
- Cooling
- Central A/C
- Construction
- Concrete
- Style
- Unit/Flat
- HOA Fee
- $1,096/mo
- Property Tax (2026)
- $2,248/yr
- Assessed Value
- $534,400
- County
- Sussex
- School District
- Cape Henlopen School District
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 2
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Appliances
- Dishwasher
- Dryer
- Microwave
- Oven/Range - Electric
- Range Hood
- Refrigerator
- Washer
- WaterHeater
- Washer Dryer Hookup: Yes
Interior Features
- Breakfast Area
- Carpet
- Ceiling Fan(s)
- Combination Dining/Living
- Entry Level Bedroom
- Floor Plan - Open
- Kitchen - Galley
- Primary Bath(s)
- Elevator
Garage and Parking
- Parking Features: Assigned, Parking Lot
- Parking Total: 2
School Information
- School District: CAPE HENLOPEN
Heating and Cooling
- Cooling Features: Central A/C
- Heating Features: Heat Pump - Electric BackUp
- Heating: Yes
Other Property Info
- Annual Tax Amount: 1446
- Source Listing Status: Closed
- County: SUSSEX
- Disclaimer: Standard
- Ownership: Condominium
- Property Subtype: condo
- Source Neighborhood: SOUTH REHOBOTH
- Postal Code Plus 4: 2217
- Subdivision: SOUTH REHOBOTH
Accessibility Features
- Doors - Swing In
Homeowners Association
- Association: Yes
- Association Fee: 3288
- Association Fee Frequency: Quarterly
- Calculated Total Monthly Association Fees: 1096
- Senior Community: No
Building and Construction
- Total Square Feet Living: 1350
- Year Built: 1986
- Above Grade Finished Area: 1350
- BelowGradeFinishedArea: 0
- Building Name: Wilmington
- Construction Materials: Concrete
- Levels: 1
- Property Age: 40
- Levels or Stories: 1
- Structure Type: Unit/Flat/Apartment
- Total Area Sqft: 1350
- Elevator: Yes
- Architectural Style: Unit/Flat
Location
Lat 38.71513 · Lng -75.08105