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37430 5TH STREET, Rehoboth Beach, DE 19971
$1,555,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
2
baths
Built in
1960
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.
Features & Amenities
Interior
- A/C:
- Ductless/Mini-Split
- Heating:
- Y, Forced Air, Electric
- Fireplace:
- Corner,Brick,Flue for Stove,Gas/Propane, Fireplace, Fireplaces: 1
- Disability Feature:
- No Stairs
Exterior
- General:
- Above Grade,Below Grade
- Style:
- Mid-Century Modern,Contemporary
Construction
- General:
- Block, 1, Slab
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- CAPE HENLOPEN
- County:
- SUSSEX
Lot
- Zoning:
- AR-1, 334-19.16-113.00
- View:
- Canal,Bay,Panoramic,Scenic Vista,Trees/Woods,Water
- Waterfront:
- 175
- Current Use:
- 999
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- BRIGHT_MAIN
- Exclusions:
- Fountains, yard sculpture
This listing courtesy of:
Keller Williams Realty, Terry Stinson
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Rehoboth Beach, DE
Housing
- Number of Units
- 17,162
- Median Home Value
- $453,138
- Median Rent
- $1,146
11.89% of housing units are renter occupied.
54.36% are vacant.
Commute
- Car
-
49.90%
- Public Transportation
-
0.42%
- Walk to Work
-
1.01%
- Work from Home
-
47.58%
- Other
-
0.13%
The median travel time to work is 13 minutes.
People
- Population
- 15,337
- Median Age
- 59.70
- Median Household Size
- 2.27
Education
- High School
-
22.01%
- Associate’s Degree
-
6.78%
- Bachelor’s Degree
-
31.57%
- Graduate Degree
-
20.80%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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