38180 Terrace Rd, Rehoboth Beach, DE 19971

$2,550,000
3
BD
4
BA
1,600
SqFt
List Price
$2,550,000
Price Change
▼ $50,000 1694032451
Days on Market
55
Status
ACTIVE UNDER CONTRACT
MLS#
DESU2045668
Bedrooms
3
Bathrooms
4
Full Baths
3
Half Baths
1
Living Area
1,600
Lot Size (Acres)
0.32
Style
Ranch/Rambler
Year Built
1974
County
Sussex
School District
Cape Henlopen

Property Description

2 Lots just outside town limits just 2.5 blocks from the iconic Boardwalk and the shimmering Atlantic Ocean. build two homes and share the pool. , The existing Cottage is a charming classic is nestled on not one, but two spacious lots in the desirable Silver Lake Manor neighborhood. A true retreat that combines the convenience of downtown Rehoboth with a sense of serene privacy. Step inside this picturesque home and prepare to be captivated. Boasting alluring Cottage Chic upgrades, including gleaming stainless steel appliances, stunning Carrera marble countertops, farm sink, upgraded cabinetry, and a generously sized, 19x23 screened porch for outdoor living, every aspect has been meticulously designed to offer both style and comfort. The striking property itself presents an enticing opportunity for local high-end builders, while at the same time, it should not be underestimated as a hidden gem in its own right. With a full basement for additional space and storage, a large heated pool adorned by gas torches with fenced yard ensuring privacy and security, and a delicate touch of original knotty pine, this well-cared-for home offers the epitome of comfortable living. Although it has never been rented before, the potential for this exquisite property to generate over $100K per season is evident, making it an exceptional investment opportunity. But for now, take a moment to unwind on the charming back deck and savor the breathtaking sunsets with a refreshing beverage in hand. Let the cares of the day melt away as you embrace the truly endless beauty that surrounds you.

Additional Information

Area
Lewes Rehoboth Hundred (31009)
Subdivision
Silver Lake Manor
Interior Features
Attic, Breakfast Area, Kitchen - Country, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Ceiling Fan(s), WhirlPool/HotTub, Window Treatments
School District
Cape Henlopen
Fireplaces
1
Fireplace Description
Gas/Propane
Flooring
Hardwood, Tile/Brick
Garage
Yes
Garage Spaces
1
Exterior Features
Hot Tub, Lawn Sprinkler, Outside Shower
Pool Description
Concrete, Gunite, Heated, In Ground
View
Street
Heating
Forced Air, Heat Pump(s)
Heating Fuel
Propane - Leased, Oil
Cooling
Attic Fan, Central A/C, Heat Pump(s)
Roof
Architectural Shingle, Asbestos Shingle
Utilities
Cable TV, Propane, Phone
Water
Public
Sewer
Public Sewer
Room Level
Primary Bedroom: Main, Additional Bedroom: Main, Additional Bedroom: Main, Kitchen: Main, Living Room: Main, Laundry: Main, Dining Room: Main, Additional Bedroom: Lower 2, Family Room: Main, Other: Main
Basement
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Dave McCarthy & Associates, Inc.. Contact: (302) 426-2080