37430 5th St Rehoboth Beach, DE 19971
Estimated payment $5,306/month
Highlights
- 175 Feet of Waterfront
- Panoramic View
- No HOA
- Rehoboth Elementary School Rated A
- Corner Lot
About This Lot
Waterfront quarter-acre parcel in the beautiful Bay Vista community of Rehoboth! Just over a mile from downtown Rehoboth Beach with no HOA or rental restrictions, this is an unparalleled opportunity to own a premium parcel with direct water access, a boater and birder's paradise! Offering both seclusion and convenience, with 3 private docks already in place, the possibilities for enjoying waterfront living are endless. Launch your boat or kayak for a day of exploring Rehoboth Bay, or simply relax by the canal as you take in the stunning views. This oversized lot measures 101’ x 125’ and features million-dollar views all the way to Thompson Island, Dewey Beach, and Rehoboth Bay. The existing residence is a 1960's block bungalow configured as a 2-bedroom 1-bath cottage with an additional 1-bedroom 1-bath unit connected via trellis. Use the existing home immediately while you develop plans or rent one or both units. Don't miss the opportunity to craft your own oasis! This lot provides a unique foundation for a lifestyle filled with adventure and tranquility. Whether you're an investor or looking to build your forever home, this is a rare value...a chance to secure a prime waterfront lot with immense potential. Embrace the coastal lifestyle of this hidden treasure. Appointment required to walk property. Owner is a licensed Realtor.
Listing Agent
(302) 727-6200 terrystinson@kw.com Keller Williams Realty License #0026176 Listed on: 08/15/2025
Co-Listing Agent
(443) 553-3658 aprylparcher@gmail.com Keller Williams Realty License #RS-0023626
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,178
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 125.00 x 101.00
- 175 Feet of Waterfront
- Home fronts navigable water
- Corner Lot
Property Views
- Panoramic
- Scenic Vista
- Woods
- Canal
Location
- Flood Risk
Listing and Financial Details
- Assessor Parcel Number 334-19.16-113.00
Community Details
Overview
- No Home Owners Association
- Bay Vista Subdivision
Recreation
- Water Access
- Property is near a canal
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 | $1,178 | $19,000 | $9,400 | $9,600 |
| 2024 | $936 | $19,000 | $9,400 | $9,600 |
| 2023 | $936 | $19,000 | $9,400 | $9,600 |
| 2022 | $903 | $19,000 | $9,400 | $9,600 |
| 2021 | $895 | $19,000 | $9,400 | $9,600 |
| 2020 | $892 | $19,000 | $9,400 | $9,600 |
| 2019 | $893 | $19,000 | $9,400 | $9,600 |
| 2018 | $834 | $19,000 | $0 | $0 |
| 2017 | $799 | $19,000 | $0 | $0 |
| 2016 | $759 | $19,000 | $0 | $0 |
| 2015 | $678 | $17,750 | $0 | $0 |
| 2014 | $673 | $17,750 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/02/2025 11/02/25 | Price Changed | $995,000 | 0.0% | -- |
| 11/02/2025 11/02/25 | For Sale | $995,000 | 0.0% | -- |
| 10/31/2025 10/31/25 | For Sale | $995,000 | -16.7% | -- |
| 09/17/2025 09/17/25 | Price Changed | $1,195,000 | -4.4% | -- |
| 08/15/2025 08/15/25 | For Sale | $1,250,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $550,000 | -- | |
| Deed | $550,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | No Value Available | |
| Closed | $200,000 | No Value Available |
Source: Bright MLS
MLS Number: DESU2090498
APN: 334-19.16-113.00
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