Patrician Towers 8 Olive Ave Unit 102 Floor 1 Rehoboth Beach, DE 19971
Estimated payment $3,408/month
Highlights
- Water Oriented
- Building is oceanfront but unit may not have water views
- Furnished
- Rehoboth Elementary School Rated A
- Open Floorplan
- Upgraded Countertops
About This Home
Ocean block furnished condo. Less than 1,000 feet to the beach and boardwalk. Park your vehicle in the parking garage and walk to all attractions, stores, and restaurants. This secure building has onsite management, beautiful courtyard with Koi pond, outdoor shower, outdoor bathroom and much more! This location is amazing. This unit is on the 1st floor with absolutely no steps! You can access the condo in the lobby or from the large rear patio without even going into the building. Come see this bright and cheerful condo with open floorplan that has been freshly painted, new LVP flooring, white kitchen cabinets and granite counter tops. There is a living room/ dining room combination and designated bedroom area. The unit has a sliding glass door in the living room and bedroom to a large private patio. There is an elevator in the building that goes to the parking garage and laundry room. For the most captivating views of the Atlantic Ocean, boardwalk, beach, and downtown Rehoboth Beach, you must check out the rooftop patio and pool. This is the best roof top patio in Rehoboth! Seller is a licensed DE Realtor. Showings only available Saturday from 10:00 Am to 2:00 PM.
Listing Agent
(302) 242-5557 doverrealestate@aol.com RE/MAX Realty Group Rehoboth Listed on: 07/09/2025
Co-Listing Agent
(302) 535-5312 delawarerealtor5312@gmail.com RE/MAX Realty Group Rehoboth License #RS-0024032
Property Details
Home Type
- Condominium
Year Built
- Built in 1970 | Remodeled in 2020
Lot Details
- Building is oceanfront but unit may not have water views
- Sprinkler System
- Property is in excellent condition
HOA Fees
- $392 Monthly HOA Fees
Parking
- Assigned Parking Garage Space
- Basement Garage
- Garage Door Opener
- On-Street Parking
- Parking Permit Included
- Secure Parking
Home Design
- Entry on the 1st floor
- Studio
- Brick Exterior Construction
Interior Spaces
- 1 Full Bathroom
- Property has 1 Level
- Open Floorplan
- Furnished
- Combination Dining and Living Room
- Efficiency Studio
- Upgraded Countertops
- Laminate Flooring
Home Security
- Security Gate
- Exterior Cameras
Accessible Home Design
- No Interior Steps
- Level Entry For Accessibility
Outdoor Features
- Water Oriented
- Property is near an ocean
- Patio
Location
- Flood Risk
Schools
- Cape Henlopen High School
Utilities
- Forced Air Heating and Cooling System
- Back Up Electric Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 334-14.14-31.00-102
Community Details
Overview
- Association fees include insurance, pool(s), reserve funds, sewer, snow removal, trash, water, exterior building maintenance, common area maintenance
- Mid-Rise Condominium
- Patrician Towers Community
- Property Manager
Amenities
- Laundry Facilities
- Elevator
Recreation
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Map
About Patrician Towers
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 | $1,209 | $10,750 | $0 | $10,750 |
| 2024 | $530 | $10,750 | $0 | $10,750 |
| 2023 | $529 | $10,750 | $0 | $10,750 |
| 2022 | $511 | $10,750 | $0 | $10,750 |
| 2021 | $506 | $10,750 | $0 | $10,750 |
| 2020 | $505 | $10,750 | $0 | $10,750 |
| 2019 | $505 | $10,750 | $0 | $10,750 |
| 2018 | $472 | $10,750 | $0 | $0 |
| 2017 | $452 | $10,750 | $0 | $0 |
| 2016 | $429 | $10,750 | $0 | $0 |
| 2015 | $410 | $10,750 | $0 | $0 |
| 2014 | $407 | $10,750 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/02/2025 10/02/25 | Price Changed | $1,400 | -6.7% | $2 / Sq Ft | |
| 09/29/2025 09/29/25 | For Rent | $1,500 | 0.0% | -- | |
| 09/02/2025 09/02/25 | Price Changed | $549,900 | +3.8% | -- | |
| 07/23/2025 07/23/25 | Price Changed | $529,900 | +0.9% | -- | |
| 07/09/2025 07/09/25 | For Sale | $525,000 | 0.0% | -- | |
| 12/28/2023 12/28/23 | Rented | $1,300 | 0.0% | -- | |
| 11/21/2023 11/21/23 | Price Changed | $1,300 | +8.3% | $2 / Sq Ft | |
| 11/21/2023 11/21/23 | For Rent | $1,200 | +9.1% | -- | |
| 10/21/2022 10/21/22 | Rented | $1,100 | 0.0% | -- | |
| 10/07/2022 10/07/22 | Price Changed | $1,100 | -26.7% | $1 / Sq Ft | |
| 09/07/2022 09/07/22 | For Rent | $1,500 | 0.0% | -- | |
| 09/17/2021 09/17/21 | Sold | $400,000 | -11.1% | -- | View Prior Sale |
| 07/30/2021 07/30/21 | Pending | -- | -- | -- | |
| 06/26/2021 06/26/21 | For Sale | $450,000 | +42.5% | -- | |
| 05/31/2019 05/31/19 | Sold | $315,900 | 0.0% | -- | View Prior Sale |
| 05/03/2019 05/03/19 | Pending | -- | -- | -- | |
| 04/23/2019 04/23/19 | For Sale | $315,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $400,000 | None Available | |
| Deed | $315,900 | -- | |
| Deed | $112,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $360,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Bright MLS
MLS Number: DESU2090296
APN: 334-14.14-31.00-102
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