$67,000

1 Read St Unit 114 Dewey Beach, DE 19971

Estimated payment $876/month

Total Views 32,604
-- Bed
1 Bath
354 Sq Ft
$189 Price per Sq Ft

Highlights

  • 500 Feet of Waterfront
  • Access to Tidal Water
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • Sandy Beach
  • Community Pool

About This Home

Why settle for a timeshare when you can own a piece of paradise? This budget-friendly coastal retreat offers deeded fractional ownership, meaning you gain equity as property values rise—an investment that grows with you. But beyond the financial perks, imagine the lifestyle it brings: morning beach walks, collecting seashells, and unforgettable getaways with family and friends.This beautifully appointed unit comfortably sleeps four or more guests, featuring a king-sized bed and a queen sleeper sofa. The kitchenette is fully stocked with a two-burner cooktop, microwave, refrigerator, cookware, and all the essentials. A charming window bench provides the perfect spot to relax and take in breathtaking ocean views.Venture into town to explore delicious restaurants and vibrant entertainment, or hop on the Jolly Trolley to Rehoboth—just steps from your door. Can’t stay as often as you’d like? Let the hotel manage your unused days, covering costs and even generating summer rental income.The beach is calling—don’t miss this incredible opportunity!(Seller is a licensed Realtor in the state of Delaware.)

Last Listed By

Maria Bennett

Iron Valley Real Estate at The Beach Listed on: 01/07/2025

Iron Valley Real Estate at The Beach

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1955 | Remodeled in 2018

Lot Details

  • 500 Feet of Waterfront
  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach
  • Public Beach

HOA Fees

  • $435 Monthly HOA Fees

Home Design

  • Fractional Ownership
  • Piling Construction

Interior Spaces

  • 1 Full Bathroom
  • 354 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Combination Dining and Living Room
  • Kitchenette

Parking

  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Access to Tidal Water
  • Public Water Access
  • Property is near an ocean
  • Swimming Allowed
  • Outdoor Grill

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Wall Furnace
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Doors swing in
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-20.18-194.00-114A

Community Details

Overview

  • Association fees include a/c unit(s), all ground fee, appliance maintenance, cable TV, common area maintenance, custodial services maintenance, electricity, exterior building maintenance, heat, high speed internet, insurance, laundry, management, pool(s), reserve funds, sewer, snow removal, standard phone service, taxes, trash, water
  • Low-Rise Condominium
  • The Surf Club Community
  • Property Manager

Amenities

  • Picnic Area
  • Common Area
  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1955 | Remodeled in 2018

Lot Details

0

HOA Fees

$435 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Doors - Swing In
  • Ownership: Fractional
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1955
  • Year Renovated: 2018
  • Remarks Public: Why settle for a timeshare when you can own a piece of paradise? This budget-friendly coastal retreat offers deeded fractional ownership, meaning you gain equity as property values rise—an investment that grows with you. But beyond the financial perks, imagine the lifestyle it brings: morning beach walks, collecting seashells, and unforgettable getaways with family and friends. This beautifully appointed unit comfortably sleeps four or more guests, featuring a king-sized bed and a queen sleeper sofa. The kitchenette is fully stocked with a two-burner cooktop, microwave, refrigerator, cookware, and all the essentials. A charming window bench provides the perfect spot to relax and take in breathtaking ocean views. Venture into town to explore delicious restaurants and vibrant entertainment, or hop on the Jolly Trolley to Rehoboth—just steps from your door. Can’t stay as often as you’d like? Let the hotel manage your unused days, covering costs and even generating summer rental income. The beach is calling—don’t miss this incredible opportunity! (Seller is a licensed Realtor in the state of Delaware.)
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchenette, Recessed Lighting
  • Fireplace: No
  • Foundation Details: Pilings
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 354
  • Living Area Sq Ft: 354
  • Price Per Sq Ft: 189.27
  • Above Grade Finished Sq Ft: 354
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Mixed
  • Exterior Features: Bbq Grill
  • Water Access Features: Public Access, Swimming Allowed, Public Beach
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: No
  • Water Frontage In Feet: 500

Garage/Parking

  • Garage: No
  • Parking Features: Under Home Parking
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Wall Unit, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 435.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Cable, Common Grounds, Laundry Facilities, Picnic Area, Pool - Outdoor, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: A/C Unit(s), All Ground Fee, Appliance Maintenance, Cable Tv, Common Area Maintenance, Custodial Services Maintenance, Electricity, Ext Bldg Maint, Heat, High Speed Internet, Insurance, Laundry, Management, Pool(s), Reserve Funds, Sewer, Snow Removal, Standard Phone Service, Taxes, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: CO
  • Year Assessed: 2021
  • Zoning: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 3162.00
  • Tax Annual Amount: 3492.00
  • Assessor Parcel Number: 334-20.18-194.00-114A
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: CAPE HENLOPEN

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2025 02/24/25 Price Changed $67,000 -4.1% $189 / Sq Ft
01/07/2025 01/07/25 For Sale $69,900 +41.2% $197 / Sq Ft
10/21/2022 10/21/22 Sold $49,500 0.0% $140 / Sq Ft
10/02/2022 10/02/22 Price Changed $49,500 -10.0% $140 / Sq Ft
09/16/2022 09/16/22 Price Changed $55,000 -11.3% $155 / Sq Ft
08/27/2022 08/27/22 Price Changed $62,000 -11.3% $175 / Sq Ft
08/12/2022 08/12/22 For Sale $69,900 -- $197 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: DESU2076730

Bright MLS

Delaware Sussex County Dewey Beach 19971

1 Read St Unit 114, Dewey Beach, DE

This home is located at 1 Read St Unit 114, Dewey Beach, DE 19971 and is currently priced at $67,000, approximately $189 per square foot. This property was built in 1955. 1 Read St Unit 114 is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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Nearby Homes
Maria Bennett
Listing Agent
Maria Bennett
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Iron Valley Real Estate at The Beach
(302) 618-3597