16 Delaware Ave Rehoboth Beach, DE 19971
Estimated payment $17,587/month
Highlights
- Coastal Architecture
- No HOA
- Central Air
- Rehoboth Elementary School Rated A
- Ceramic Tile Flooring
- Dogs and Cats Allowed
About This Home
Charming Turn-of-the-Century Cottage with Significant Income Potential – Just Steps from theRehoboth Beach Boardwalk
Main House: 7 Bedrooms | 3.5 Baths -
Guest House: 3 Bedrooms | 1 Bath -
Two Rental Licenses | Six-Figure Annual Income
Nestled on the ocean block of one of Rehoboth’s most iconic locations, 16 Delaware Avenue is a rare opportunity to own a piece of coastal history just steps from the iconic boardwalk and sandy beaches. This charming turn-of-the-century cottage offers classic character and exceptional investment potential in the heart of Rehoboth Beach.
The main house features 7 spacious bedrooms and 3.5 baths, and a new kitchen perfect for large gatherings or multiple tenants. In addition, a detached guest house offers 3 bedrooms and 1 full bath, ideal for overflow guests or an additional rental stream. With two active rental licenses, the property is a proven income generator, already bringing in six figures annually with low operating costs given the newly installed solar array.
There’s additional upside: with thoughtful updates and enhancements, rental income could easily double, as demonstrated by comparable nearby properties. Whether you're looking for a full-time beach retreat, a vacation getaway, or a high-performing investment, this property offers the flexibility and location that discerning buyers seek.
Enjoy morning strolls along the boardwalk, easy access to shops and restaurants, and a home filled with vintage charm and modern potential.
Bonus Opportunity: This home can also be purchased in combination with neighboring 18 Delaware Avenue (MLS# DESU2087710), offering a rare chance to own a 100x100 foot compound in one of the most sought-after locations in Rehoboth Beach. Whether you're looking for a private family estate or a high-performing vacation rental portfolio, the possibilities here are truly unique.
Don’t miss this exceptional opportunity in the heart of Rehoboth Beach
Listing Agent
(202) 236-3229 michael.reamy@oasir.net Monument Sotheby's International Realty License #RS-0024767 Listed on: 06/06/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,414
Year Built
- Built in 1914
Lot Details
- 5,029 Sq Ft Lot
- North Facing Home
- Property is in good condition
- Property is zoned TN
Parking
- Driveway
Home Design
- Coastal Architecture
- Cottage
- Entry on the 1st floor
- Wood Walls
- Frame Construction
- Architectural Shingle Roof
Interior Spaces
- 3,300 Sq Ft Home
- Property has 2 Levels
- Brick Fireplace
- Crawl Space
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 10 Main Level Bedrooms
Schools
- Rehoboth Elementary School
- Beacon Middle School
- Cape Henlopen High School
Utilities
- Central Air
- Back Up Electric Heat Pump System
- Electric Water Heater
- Municipal Trash
Community Details
- No Home Owners Association
- South Rehoboth Subdivision
Listing and Financial Details
- Tax Lot 16
- Assessor Parcel Number 334-14.18-64.00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,692 | $26,500 | $12,500 | $14,000 |
| 2024 | $1,306 | $26,500 | $12,500 | $14,000 |
| 2023 | $1,305 | $26,500 | $12,500 | $14,000 |
| 2022 | $1,260 | $26,500 | $12,500 | $14,000 |
| 2021 | $1,248 | $26,500 | $12,500 | $14,000 |
| 2020 | $1,244 | $26,500 | $12,500 | $14,000 |
| 2019 | $1,246 | $26,500 | $12,500 | $14,000 |
| 2018 | $1,164 | $26,500 | $0 | $0 |
| 2017 | $1,114 | $26,500 | $0 | $0 |
| 2016 | $1,059 | $26,500 | $0 | $0 |
| 2015 | $1,011 | $26,500 | $0 | $0 |
| 2014 | $1,004 | $26,500 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/06/2025 06/06/25 | For Sale | $3,299,000 | +88.5% | $1,000 / Sq Ft | |
| 10/26/2020 10/26/20 | Sold | $1,750,000 | -2.7% | $3,557 / Sq Ft | View Prior Sale |
| 09/24/2020 09/24/20 | Pending | -- | -- | -- | |
| 06/27/2020 06/27/20 | For Sale | $1,799,000 | -- | $3,657 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,750,000 | None Available | |
| Deed | $1,399,000 | -- | |
| Deed | $1,399,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Bright MLS
MLS Number: DESU2087708
APN: 334-14.18-64.00
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