$1,050,000
UNDER CONTRACT

Edgewater House 2 Virginia Ave Unit 524 Rehoboth Beach, DE 19971

Estimated payment $7,142/month

Total Views 29,677
2 Beds
2 Baths
1,300 Sq Ft
$808 Price per Sq Ft

Highlights

  • 15 Feet of Waterfront
  • Access to Tidal Water
  • Furnished
  • Rehoboth Elementary School Rated A
  • Midcentury Modern Architecture
  • Community Pool

About This Home

Rare Oceanfront Opportunity with Stunning Views & Strong Rental Potential!
Don’t miss this 2-bedroom, 2-bath, two-level oceanfront condo located in a classic mid-century building overlooking the Atlantic Ocean and iconic boardwalk. This spacious unit offers an open layout with abundant natural light and a private balcony perfect for enjoying sunrise views and salty breezes.

Situated in a secure building with assigned parking and a private pool, this property delivers comfort, convenience, and unbeatable beach access. The two-level floor plan provides added privacy and flexibility—ideal for personal use or as a high-performing vacation rental.

With its prime oceanfront location, proven rental income potential, and access to everything the boardwalk has to offer, this is a rare chance to own a turn-key property in one of the area's most desirable buildings.

Listing Agent

Patrick Sommer

(302) 387-4227 patrickwsommer@gmail.com McWilliams/Ballard, Inc. License #634531 Listed on: 06/28/2025

Co-Listing Agent

Kevin McDuffie

(202) 439-2435 kevinjamesmcduffie@gmail.com McWilliams/Ballard, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,231

Year Built

  • Built in 1966

Lot Details

  • 15 Feet of Waterfront

HOA Fees

  • $1,328 Monthly HOA Fees

Parking

  • 1 Off-Street Space

Home Design

  • Midcentury Modern Architecture
  • Entry on the 5th floor
  • Masonry

Interior Spaces

  • 1,300 Sq Ft Home
  • Property has 2 Levels
  • Furnished

Bedrooms and Bathrooms

Outdoor Features

  • Access to Tidal Water
  • Water Oriented
  • Property is near an ocean

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • No Smoking Allowed
  • Assessor Parcel Number 334-14.14-23.00-524

Community Details

Overview

  • Association fees include high speed internet
  • Mid-Rise Condominium
  • Edgewater House Community
  • North Rehoboth Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,231

Year Built

Built in 1966

Lot Details

0

HOA Fees

$1,328 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Mid-Century Modern
  • Sussex De Quadrants: East of Rt 1
  • Habitable Residence: No
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 6/28/2025 12:00:00 AM
  • Federal Flood Zone: No
  • Year Built: 1966
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Buildout Allowance: No
  • Remarks Public: Rare Oceanfront Opportunity with Stunning Views & Strong Rental Potential! Don’t miss this 2-bedroom, 2-bath, two-level oceanfront condo located in a classic mid-century building overlooking the Atlantic Ocean and iconic boardwalk. This spacious unit offers an open layout with abundant natural light and a private balcony perfect for enjoying sunrise views and salty breezes. Situated in a secure building with assigned parking and a private pool, this property delivers comfort, convenience, and unbeatable beach access. The two-level floor plan provides added privacy and flexibility—ideal for personal use or as a high-performing vacation rental. With its prime oceanfront location, proven rental income potential, and access to everything the boardwalk has to offer, this is a rare chance to own a turn-key property in one of the area's most desirable buildings.
  • Washer Dryer Hookups YN: No
  • Special Features: 4224
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 5
  • Fireplace: No
  • Levels Count: 2
  • Room List: Bedroom 2
  • Basement: No
  • Total Sq Ft: 1300
  • Living Area Sq Ft: 1300
  • Price Per Sq Ft: 807.69
  • Above Grade Finished Sq Ft: 1300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry
  • Access To Pool: No
  • Pool Private: No
  • Spa: No
  • View: No
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: No
  • Fencing: No
  • Water Frontage In Feet: 15

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Open Parking: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Cooling: No
  • Electricity On Property: No
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3983.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: High Speed Internet
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: Cape Henlopen
  • School District Key: 803950618428

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Crops Included: No
  • Farm Credit Service Incl: No
  • Irrigation Water Rights: No
  • Land Lease: No
  • Property Attached Yn: No
  • Year Assessed: 2025
  • Zoning: TN
  • Farmland Preservation: No
  • In City Limits: Yes

Green Features

  • Green Verification: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Lease In Effect: No
  • Pets Allowed: No
  • Rent Control: No
  • Smoking Allowed Yn: No
  • Vacation Rental: Yes
  • Property Manager: Yes
  • Rent Spree Online Application: No

Tax Info

  • School Tax: 2138.00
  • Tax Annual Amount: 3231.00
  • Assessor Parcel Number: 334-14.14-23.00-524
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2025
  • Tax Opportunity Zone: No

MLS Schools

  • School District Name: Cape Henlopen

Map

About Edgewater House

Range of Values:

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Average Value
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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
08/26/2025 08/26/25 Price Changed $1,050,000 -8.3% $808 / Sq Ft
07/25/2025 07/25/25 Price Changed $1,145,000 -11.6% $881 / Sq Ft
06/28/2025 06/28/25 For Sale $1,295,000 -- $996 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: DESU2088978

Bright MLS
Delaware Sussex County Rehoboth Beach 19971

2 Virginia Ave Unit 524, Rehoboth Beach, DE

This home is located at 2 Virginia Ave Unit 524, Rehoboth Beach, DE 19971 and is currently priced at $1,050,000, approximately $807 per square foot. This property was built in 1966. 2 Virginia Ave Unit 524 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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Patrick Sommer
Listing Agent
Patrick Sommer
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McWilliams/Ballard, Inc.
(484) 553-6288