MLS # DESU2071324
37430 5th st, Rehoboth Beach, DE 19971
$1,555,000
Single Family Home
First time on the market! One of Rehoboth’s last original Mid-Century Modern homes, this three bedroom, two bath bungalow is in the very desirable Bay Vista community, situated on a navigable residential canal with three docks on the water! Bring your boats, kayaks, and your paddleboard too! This home was crafted by the original owner in the 1960s in the spirit of Frank Lloyd Wright using natural materials of its time: cinder block, wood and concrete, with low gables and clerestory windows and has stood the test of time. The ho Read More
Property Summary
Status:
Active
MLS #:
DESU2071324
Street Address:
37430 5th St
City, State Zip:
Rehoboth Beach, DE 19971
County:
Sussex
Community:
Bay Vista
Type:
Single Family Home
Area:
0 Sq Ft
Price
$1,555,000
Beds:
3
Baths:
2 Full / 0 Half
Garage:
0
Year Built:
1960
# of Stories:
1
Style:
Mid-Century Modern, Contemporary
Property Description
First time on the market! One of Rehoboth’s last original Mid-Century Modern homes, this three bedroom, two bath bungalow is in the very desirable Bay Vista community, situated on a navigable residential canal with three docks on the water! Bring your boats, kayaks, and your paddleboard too! This home was crafted by the original owner in the 1960s in the spirit of Frank Lloyd Wright using natural materials of its time: cinder block, wood and concrete, with low gables and clerestory windows and has stood the test of time. The home was purchased by the current owner and lovingly restored to a modern home with polished epoxy concrete slab flooring, stainless-steel Euro kitchen appliances including a gas stove, gas open corner fireplace, new roof and mini-split air conditioning and heating system. The home is configured as a single story two-bedroom, one-bath bungalow with a one-bedroom and bath guest studio and kitchenette adjoined by a trellis. The home features south-facing windows and doors overlooking the water views offering all-day sunlight. Situated on an oversized lot measuring 101’ x 125’ it features million-dollar unobstructed views overlooking Thompson Island all the way to Rehoboth Bay. Boating is easy right from your private backyard docks with access to Dewey Beach, Rehoboth Bay and the Indian River inlet connecting to the Atlantic Ocean. Many options exist for the next owner: Use the property as-is, build on top of existing structure and footings, build your waterfront dream home or, divide the lot into parcels, each with direct water access and each with its own dock. The guest unit has earned up to $18K/summer in rental income alone. Live in one unit and rent the other, adjoin the two or rent both. Bay Vista is located in Sussex County, DE, just outside city limits, just over a mile from downtown Rehoboth and has no HOA or rental restrictions. Don’t miss this once-in-a-lifetime opportunity for waterfront living close to town! This is one of the only waterfront lots with a residence available with close proximity to Rehoboth. Owner is a licensed Realtor.Property Details
Bedrooms
Total Bedrooms:
3
BATHROOMS
Bath - Full:
2
Bath - Half:
0
Total Baths:
2
OTHER ROOMS
Total Rooms:
0
Furnished:
No
Accessibility:
No Stairs
Elevator:
No
Extra Unit:
extraunitdescription
HEATING & COOLING
Cooling:
Ductless/Mini-Split
Heating:
Forced Air
Fireplace:
Yes - Corner,Brick,Flue
UTILITES
- Public
- Public Sewer
POOL & SPA
Pool: None
BUILDING & CONSTRUCTION
Style:
Mid-Century Modern, Contemporary
Floors:
1
Construction Type:
Slab
Exterior Type:
Block
Foundation:
Slab
Views:
Yes - Canal,Bay,Panoramic,Scenic Vista,Trees/Woods,Water
Lot Sq Ft:
10890
Lot Size:
125.00 x 101.00
WATERFRONT & WATER ACCESS
Waterfront Description:
Canal
Waterfront:
Yes
GARAGE & PARKING:
# of Garage Spaces:
0
Parking:
Driveway
SCHOOL INFORMATION
School District:
Cape Henlopen
OTHER PROPERTY INFO
City:
Rehoboth Beach
Area:
Lewes Rehoboth Hundred (31009)
Subdivision:
Bay Vista
In City Limits:
No
Map Section:
Between Rt 1 & 113
New Construction:
No
Historic Distict:
No
Last Price Change:
10/04/2024 10:33:58
# of Day on Market:
2 Days
FINANCE INFO
List Price:
$1,555,000
Annual Property Tax:
$936
HOA Fees:
$0
Condo Fees:
$0
LISTING FIRM
Listed By:
Keller Williams Realty
Listing Firm Phone:
2147483647
ASK A QUESTION
Call us at 302-344-9002 or use the form below to contact us regarding this property or to request a private showing.
