Incredible Opportunity with significant price improvement!!! Just completed in October 2024, this stunning brand-new custom home redefines luxury beach living in Downtown Rehoboth Beach—no need to wait for construction! This extraordinary classic cottage-style residence, infused with modern elegance, is designed for the most discerning buyer. The main level features soaring 10-foot coffered ceilings and exquisite coastal decor, professionally decorated to create an inviting atmosphere that exudes relaxed sophistication. The layout flows seamlessly into a fully equipped, state-of-the-art open-concept kitchen, perfect for culinary enthusiasts and entertaining guests. Ample living and dining spaces, complete with a bar and gas fireplace, enhance the entertaining experience. The main living area overlooks the magnificent 27x12-foot saltwater pool, equipped with custom lighting and fountains that set the mood for an enchanting resort experience, including an indoor/outdoor Sonos sound system and an oversized professionally landscaped, fenced yard Designed with privacy and comfort in mind, this home boasts five beautifully crafted bedrooms, each reflecting exceptional attention to detail. The bathrooms are equally impressive, featuring luxurious finishes and modern designs that elevate your daily routine. This property is ready for its new owners to move in and make it their own. All three levels feature low-maintenance luxury vinyl flooring, perfect for the beach lifestyle. The finished basement offers a blank canvas for a media room, home gym, or wine cellar, bringing the total conditioned space to over 4,000 heated square feet. Enjoy the convenience of being “In-Town” within walking distance to your favorite restaurants, shops, bike trails, city dock, farmers market and the beach, making every day feel like a vacation. Experience the perfect blend of classic charm and contemporary luxury in this remarkable Rehoboth Beach home. This is a one-of-a-kind property on a 6,100 sq foot lot with a 40-foot-deep rear yard. Don’t wait to make this resort home your very own! Rental projections are $15,000 per week mid June through Labor Day.
Property Details
Property Features
Property Information:
Architectural Style: Coastal, Contemporary
Year Built: 2024
Stories: 3
Living Area: 4,035 SqFt
Listing Office:
Office Name: Monument Sotheby's International Realty
Directions: Upon entering city limits on Rehoboth Avenue, make first right after the drawbridge on Canal St (by Egg Restaurant). Home is second on left.
Price Information
Listing Price Info
Price Summary:
List Price: $2,999,000
Price Per SqFt: $743/SqFt
HOA Fees:
Amount: $1800
Frequency: Annually
Tax Information:
Annual Amount: $332
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Rehoboth Beach, DE.
This property is $2.2M more than the Median Sold Price and $382/SqFt more than other homes in Rehoboth Beach, DE.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #DESU2072636
Listing Office:
Office Name: Monument Sotheby's International Realty
Office Phone: (302) 227-6767
Listing Agent: Michael Reamy Jr
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.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Rehoboth Elementary School
500 Stockley St
Distance between this listing and this school0.38 miles
Public District Grades KG-5
9
/10
Love Creek Elementary School
19488 John J Williams Hwy
Distance between this listing and this school3.24 miles
Public District Grades KG-5
8
/10
Shields (Richard A.) Elementary School
910 Shields Ave
Distance between this listing and this school4.78 miles
Public District Grades KG-5
Nearby Schools
7
/10
Beacon Middle School
19483 John J Williams Hwy
Distance between this listing and this school3.05 miles
Public District Grades 6-8
5
/10
Mariner Middle School
16391 Harbeson Rd
Distance between this listing and this school12.37 miles
Public District Grades 6-8
3
/10
Millsboro Middle School
302 E State St
Distance between this listing and this school13.58 miles
Public District Grades 6-8
Nearby Schools
5
/10
Cape Henlopen High School
1250 Kings Hwy
Distance between this listing and this school4.33 miles
Public District Grades 9-12
3
/10
Sussex Central High School
26026 Patriots Way
Distance between this listing and this school13.87 miles
Public District Grades 9-12
5
/10
Indian River High School
29772 Armory Rd
Distance between this listing and this school13.99 miles
The neighbors living near this home have an average income of $75,765. Residents of Rehoboth Beach, DE typically earn between $35k-100k each year. The majority of families are single, no kids. 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 are the common housing types 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.
What are the advantages of living in Rehoboth Beach, DE?
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 essential services in Rehoboth Beach, DE convenient?
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.
How do Rehoboth Beach, DE residents get around?
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 8 Canal St
What is the listing price of this property?
The listing price of 8 Canal St property is $2,999,000.
What type of property is this?
The property 8 Canal St is a house located in Rehoboth Beach, Delaware, 19971.
Is this property for sale now?
Active Listing: 8 Canal St 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 $332 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 8 Canal St has 5 bedrooms and 4 full and 1 half bathrooms.
What is the square footage of this property?
The property 8 Canal St is 4,035 SqFt (source: MLS/tax record).
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This home is located at 8 Canal St in Rehoboth Beach, DE and zip code 19971. This 4,035 square foot home, which was built in 2024, sits on a 0.14 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $2,999,000.
Rehoboth Beach, DE housing market in November 2024 saw over 7 listings sold above listed price, more than 4 sold at listed price and over 14 sold below. In November 2024 in Rehoboth Beach, DE there were 3.6% more homes for sale than in October 2024. In November 2024 median list price was $780,000 and the average listing age was 49 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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