2 months on rocket

5 Read Ave, Dewey Beach, DE, 19971

$2,975,000

5 Bedrooms
3 Full Baths
2,800 SqFt
$1,063/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingPrivate, Secure Parking, Driveway, Off Street, On Street, Other
Year Built1946
HeatingHeat Pump
CoolingCentral Air
ViewOcean, Bay
MLS #DESU2067984
Lot Size0.09 Acres
StatusActive
(ACTIVE)

About 5 Read Ave

This stunning Dewey Beach ocean block home is an exceptional find, offering the ultimate beach lifestyle with all the modern comforts you need. Featuring 5 spacious bedrooms, 3 well-appointed bathrooms, and an additional office space, which is currently being used as a 6th bedroom, this home has plenty of room for family and guests. And that best part is you OWN the land! Located just steps from the sandy shores of Dewey Beach, you’ll be able to embrace coastal living with the convenience of walking to the beach whenever you like. One of the standout features of this home is its breathtaking rooftop deck, where you can soak in panoramic views of both the ocean and the bay. Whether it’s morning coffee at sunrise or evening cocktails at sunset, this rooftop escape offers tranquility and charm. The home is also a short walk from the best local restaurants, bars, and entertainment that Dewey Beach has to offer, making it ideal for those who love to experience the vibrant beach community. Inside, you’ll find a completely renovated space designed with modern touches and high-quality materials. The kitchen is a chef’s dream, equipped with stunning granite countertops, all-new stainless steel appliances (with 5-year extended warranties), and upgraded cabinetry that boasts under-cabinet lighting for a sleek and modern beach feel. The luxury vinyl plank flooring throughout the first floor offers an attractive and durable surface, perfect for the sandy beach lifestyle and easy cleaning. Beyond aesthetics, this home has been updated with functional, energy-efficient improvements. A new 80-gallon water heater ensures plenty of hot water for all your guests, and the encapsulated crawlspace, complete with a dehumidifier, adds an extra layer of protection and comfort. New HVAC ductwork ensures consistent heating and cooling throughout the home, while the fresh carpeting on the stairs adds comfort. Additionally, the roof over the kitchen has been replaced, and 15 new windows allow natural light to flood the space. Outdoors, you’ll appreciate the newly installed front trek decking, an ideal spot for morning relaxation or evening socializing. After a long day at the beach, rinse off in the outdoor shower—an essential beach house feature that enhances convenience and cleanliness. This versatile home presents numerous opportunities. Whether you’re looking for a primary residence, a vacation getaway, or a profitable investment property, the possibilities are endless. With a projected rental income of $10,000 to $15,000 per week during the summer months, this home offers tremendous income potential for vacation rentals, especially during peak weeks. With its unbeatable location, thoughtful renovations, and ample living space, this Dewey Beach home is a rare gem that combines the best of beach living with modern luxury. Don't miss your chance to make this extraordinary property your own! Ask your agent for a list of the attached recent upgrades and the survey.

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal
  • Year Built: 1946
  • Living Area: 2,800 SqFt

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (302) 360-0300
  • Listing Agent: Taylor M Tallarico

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Oven, Electric Range, Refrigerator, Washer, Water Heater
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: Ocean, Bay

Parking Information:

  • Parking: Private, Secure Parking, Driveway, Off Street, On Street, Other

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: See GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,975,000
  • Price Per SqFt: $1,063/SqFt
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Housing Market Comparison

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

Med. Sold Price

$1.1M

Med. Price/SqFt

$776

Avg. Days On Market

32

# of Sold Homes

4

5 Read Ave vs Dewey Beach

85 DAYS ON ROCKET

+53 Days

$2,975,000

+$1.8M More

$1,063/SqFt

+$287 More

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price and $287/SqFt more than other homes in Dewey Beach, DE.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DESU2067984

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (302) 360-0300
  • Listing Agent: Taylor M Tallarico

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: 11/18/2024, 10:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$14.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,986

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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-772505
9
/10
  • Rehoboth Elementary School

  • 500 Stockley St

  • 1.43 miles

  • Public District Grades KG-5

school-card-donut-772506
9
/10
  • Love Creek Elementary School

  • 19488 John J Williams Hwy

  • 4.60 miles

  • Public District Grades KG-5

school-card-donut-772507
8
/10
  • Shields (Richard A.) Elementary School

  • 910 Shields Ave

  • 6.59 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $94,167. Residents of Dewey Beach, DE typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5 Read Ave

What is the listing price of this property?

The listing price of 5 Read Ave property is $2,975,000.

What type of property is this?

The property 5 Read Ave is a house located in Dewey Beach, Delaware, 19971.

Is this property for sale now?

Active Listing: 5 Read Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5 Read Ave has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5 Read Ave is 2,800 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5 Read Ave is 1946.
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Rocket HomesDelawareSussex CountyDewey Beach199715 Read Ave

This home is located at 5 Read Ave in Dewey Beach, DE and zip code 19971. This 2,800 square foot home, which was built in 1946, sits on a 0.09 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 24, 2024 and is currently priced at $2,975,000.

In October 2024, from all listings sold in Dewey Beach, DE there were more than 0 sold above asking price, over 3 sold below and more than 1 were sold right at the asked price. The median list price of listings available in October 2024 was $1,138,000, while the average time on the real estate market was 32 days.

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

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