9 days on rocket

8 Olive Ave Unit 205, Rehoboth Beach, DE, 19971

$634,000

Home List Price

$7,529*

Closing Credit

1 Bedroom
1 Full Bath
Condo

Location

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8 Olive Ave Unit 205, Rehoboth Beach$634,000

Buyer Closing Credits

$7,529*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOff Street
Year Built1970
HeatingForced Air
CoolingCentral Air
MLS #DESU2075476
StatusActive
(ACTIVE)

About 8 Olive Ave Unit 205

LOCATION, LOCATION, LOCATION! Welcome to Patrician Towers in Rehoboth Beach, DE, where coastal charm meets an unbeatable ocean-block location that truly sets it apart. Just a short distance from the beach and boardwalk, this fully furnished corner unit offers an unparalleled beachside experience. Featuring two balconies and three sets of sliding glass doors, this bright and inviting condo seamlessly blends indoor and outdoor living, perfect for enjoying the coastal breeze and morning coffee. The light-filled living and dining area creates a warm and welcoming space for your dream retreat. Patrician Towers boasts a rooftop pool and sun deck with breathtaking panoramic views of the beach and boardwalk, offering the ultimate escape to relax and unwind. The front courtyard’s tranquil koi pond with seating adds another serene retreat. Additional amenities include covered off-street garage parking, an elevator, on-site management, a laundry room, and outdoor facilities like sand showers and restrooms—all designed for your convenience. With Rehoboth’s renowned restaurants, boutique shops, arcades, and scenic walking and biking trails just minutes away, this condo truly places you at the heart of everything extraordinary. Rental income for 2024 around $17,850 and 2023 rental income around $13,500.

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal
  • Year Built: 1970
  • Stories: 1

Listing Office:

  • Office Name: Keller Williams Select Realtors
  • Office Phone: (410) 972-4000
  • Listing Agent: Sharon Y Daugherty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Refrigerator, Oven, Electric Range
  • Basement: No
  • Interior: Combination Dining/Living

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Outside Shower, Sidewalks

Parking Information:

  • Parking: Off Street

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Rehoboth Ave, slight left on Lake Ave, continue onto Maryland Ave, left on 2nd St, right on Olive Ave, cross over 1st St, building will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $634,000
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Housing Market Comparison

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

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Rehoboth Beach, DE

City

Med. Sold Price

$780K

Med. Price/SqFt

$361

Avg. Days On Market

49

# of Sold Homes

25

8 Olive Ave Unit 205 vs Rehoboth Beach

9 DAYS ON ROCKET

-40 Days

$634,000

-$146K Less

KEY TAKEAWAY

This property is $146K less 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: #DESU2075476

Listing Office:

  • Office Name: Keller Williams Select Realtors
  • Office Phone: (410) 972-4000
  • Listing Agent: Sharon Y Daugherty

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: 12/21/2024, 10:20:59 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

$3,232

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,967

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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-689791
9
/10

  • Rehoboth Elementary School

  • 500 Stockley St

  • 0.91 miles

  • Public District Grades KG-5

school-card-donut-689792
9
/10

  • Love Creek Elementary School

  • 19488 John J Williams Hwy

  • 4.05 miles

  • Public District Grades KG-5

school-card-donut-689793
8
/10

  • Shields (Richard A.) Elementary School

  • 910 Shields Ave

  • 5.08 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $82,955. The most common annual income of people living in Rehoboth Beach, DE is between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

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 Olive Ave Unit 205

What is the listing price of this property?

The listing price of 8 Olive Ave Unit 205 property is $634,000.

What type of property is this?

The property 8 Olive Ave Unit 205 is a condo located in Rehoboth Beach, Delaware, 19971.

Is this property for sale now?

Active Listing: 8 Olive Ave Unit 205 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 8 Olive Ave Unit 205 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The sq. ft. of 8 Olive Ave Unit 205 is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 8 Olive Ave Unit 205 is 1970.

Rocket Homes›Delaware›Sussex County›Rehoboth Beach›19971›8 Olive Ave Unit 205

This home is located at 8 Olive Ave Unit 205 in Rehoboth Beach, DE and zip code 19971. This home was built in 1970. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $634,000.

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, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $780,000.

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

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