2 months on rocket

20968 Coastal Hwy, Rehoboth Beach, DE, 19971

$1,500,000

0.23 Acres
Land

Location

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Property Highlights

Home TypeVacant Land
MLS #DESU2072602
Lot Size0.23 Acres
StatusActive
(ACTIVE)

About 20968 Coastal Hwy

Commercial / Residential double lot measuring 100 x 100 zoned C-1. Many opportunities available with incredible visibility situated perfectly on Coastal Highway just north of Dewey Beach. Take advantage of southbound, slowing traffic to attract customers to your retail space, service business or office space. Sussex County recently approved site plans for a 5000 sq office w/ 19 parking spaces. Or totally change gears and build townhouses or sub-divide into 2 separate building lots for detached residential beach homes. This double lot offers close proximity to Dewey Beach restaurants and bars w/ plenty of live music! Easy access to The Rehoboth Bay for paddle boarding or head to the beach for a relaxing day in the sun! Rehoboth Beach is a quick Jolly Trolly or scooter ride away.

Property Details

Property Features

Listing Office:

  • Office Name: Jack Lingo - Rehoboth
  • Office Phone: (302) 227-3883
  • Listing Agent: JEANMARIE CLAVIER

Lot Features

Lot Information:

  • Lot Size: 0.23 Acres

Other

Directions Information:

  • Directions: South on Rt 1 / Coastal Hwy. Property on right before Dewey Beach. Sign on property

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000

Tax Information:

  • Annual Amount: $2,648
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Rehoboth Beach, DE.

Med. Sold Price

$780K

Med. Price/SqFt

$361

Avg. Days On Market

49

# of Sold Homes

25

20968 Coastal Hwy vs Rehoboth Beach

67 DAYS ON ROCKET

+18 Days

$1,500,000

+$720K More

KEY TAKEAWAY

This property is $720K more than the Median Sold Price in Rehoboth Beach, DE.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DESU2072602

Listing Office:

  • Office Name: Jack Lingo - Rehoboth
  • Office Phone: (302) 227-3883
  • Listing Agent: JEANMARIE CLAVIER

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 3:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,648$31,400
2020$2,639$31,400
2018$1,379$31,400
2017$1,321$31,400

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-860694
9
/10
  • Rehoboth Elementary School

  • 500 Stockley St

  • 0.73 miles

  • Public District Grades KG-5

school-card-donut-860695
9
/10
  • Love Creek Elementary School

  • 19488 John J Williams Hwy

  • 4.02 miles

  • Public District Grades KG-5

school-card-donut-860696
8
/10
  • Shields (Richard A.) Elementary School

  • 910 Shields Ave

  • 5.89 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,716. Typical income of Rehoboth Beach, DE residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Rehoboth Beach, DE

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Rehoboth Beach, DE?

Rehoboth Beach offers a diverse array of housing options, with a significant portion of the market comprised of single-family homes that feature a mix of contemporary, beach cottage, and colonial architectural styles. Condominiums and townhouses are also prevalent, providing alternatives for those seeking a more communal living experience or lower maintenance properties. The area has seen a steady growth in housing developments, particularly with waterfront and beach-adjacent properties being highly sought after.

Is Rehoboth Beach, DE a good place to live?

Rehoboth Beach is celebrated for its vibrant coastal charm and friendly community atmosphere. The town prides itself on its beautiful beaches, boardwalk, and a variety of shops and eateries that contribute to its character as a beloved summer destination. Annual events like the Rehoboth Beach Independent Film Festival and the Sea Witch Festival reflect the town's cultural identity and draw visitors from across the region.

Are things conveniently located in Rehoboth Beach, DE?

The community is served by a number of public schools, offering educational opportunities for children of all ages. Healthcare is accessible through local clinics and the nearby Beebe Healthcare, which provides comprehensive medical services. The Rehoboth Beach Public Library serves as a cultural hub, and the town's array of boutique shops and restaurants cater to both local and seasonal populations, reflecting the area's culinary diversity and artistic flair.

What does the transportation in Rehoboth Beach, DE look like?

Transportation in Rehoboth Beach includes a mix of private and public options, with local buses serving the area and connecting residents to nearby towns. The town is known for its walkable downtown area, making it easy for residents and visitors to navigate the main attractions on foot. For those commuting by car, Coastal Highway provides a direct route to neighboring cities and attractions. The area is also bike-friendly, with several paths and trails available for cycling enthusiasts.

Frequently Asked Questions About 20968 Coastal Hwy

What is the listing price of this property?

The listing price of 20968 Coastal Hwy property is $1,500,000.

What type of property is this?

The property 20968 Coastal Hwy is land located in Rehoboth Beach, Delaware, 19971.

Is this property for sale now?

Active Listing: 20968 Coastal Hwy is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,648 (source: MLS/based on county public records data).

How much acreage is this property?

The property 20968 Coastal Hwy is 0.23 acres.
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Rocket HomesDelawareSussex CountyRehoboth Beach1997120968 Coastal Hwy

This home is located at 20968 Coastal Hwy in Rehoboth Beach, DE and zip code 19971. This home sits on a 0.23 acre lot. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $1,500,000.

While more than 7 listings in Rehoboth Beach, DE in November 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 14 were sold below. Between October 2024 and November 2024, Rehoboth Beach, DE real estate market has seen increase in the number of listings by 3.6%. Listings spent 49 days on the market in November 2024, and had a median list price of $780,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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