Patrician Towers 8 Olive Ave Unit 205 Floor 2 Rehoboth Beach, DE 19971
Estimated payment $3,216/month
Total Views
271,690
1
Bed
1
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Coastal Architecture
- Furnished
- Elevator
- Rehoboth Elementary School Rated A
- Community Pool
- Balcony
About This Home
LOCATION, LOCATION, LOCATION! Welcome to Patrician Towers in Rehoboth Beach, DE, where coastal charm meets an unbeatable ocean-block location that truly sets it apart. Just a short distance from the beach and boardwalk, this fully furnished corner unit offers an unparalleled beachside experience. Featuring two balconies and three sets of sliding glass doors, this bright and inviting condo seamlessly blends indoor and outdoor living, perfect for enjoying the coastal breeze and morning coffee. The light-filled living and dining area creates a warm and welcoming space for your dream retreat. Patrician Towers boasts a rooftop pool and sun deck with breathtaking panoramic views of the beach and boardwalk, offering the ultimate escape to relax and unwind. The front courtyard’s tranquil koi pond with seating adds another serene retreat. Additional amenities include covered off-street garage parking, an elevator, on-site management, a laundry room, and outdoor facilities like sand showers and restrooms—all designed for your convenience. With Rehoboth’s renowned restaurants, boutique shops, arcades, and scenic walking and biking trails just minutes away, this condo truly places you at the heart of everything extraordinary. Rental income for 2024 around $17,850 and 2023 rental income around $13,500.
Listing Agent
(410) 430-4004 sdgclient@outlook.com Keller Williams Realty Delmarva License #SL3435144 Listed on: 12/11/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $788
Year Built
- Built in 1970
HOA Fees
- $533 Monthly HOA Fees
Parking
- 1 Off-Street Space
Home Design
- Coastal Architecture
- Entry on the 2nd floor
Interior Spaces
- Property has 1 Level
- Furnished
- Combination Dining and Living Room
Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Laundry
- Laundry in unit
- Washer and Dryer Hookup
Outdoor Features
- Outdoor Shower
- Balcony
Location
- Flood Risk
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 334-14.14-31.00-205
Community Details
Overview
- Association fees include custodial services maintenance, exterior building maintenance, insurance, management, pest control, reserve funds, water
- Mid-Rise Condominium
- Patrician Towers Owners Inc. Condos
- Patrician Towers Community
- North Rehoboth Subdivision
- Property Manager
Amenities
- Elevator
Recreation
Pet Policy
- Dogs and Cats Allowed
Map
About Patrician Towers
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 | $11,500 | $0 | $11,500 |
| 2024 | $567 | $11,500 | $0 | $11,500 |
| 2023 | $566 | $11,500 | $0 | $11,500 |
| 2022 | $547 | $11,500 | $0 | $11,500 |
| 2021 | $542 | $11,500 | $0 | $11,500 |
| 2020 | $540 | $11,500 | $0 | $11,500 |
| 2019 | $541 | $11,500 | $0 | $11,500 |
| 2018 | $505 | $11,500 | $0 | $0 |
| 2017 | $484 | $11,500 | $0 | $0 |
| 2016 | $459 | $11,500 | $0 | $0 |
| 2015 | $439 | $11,500 | $0 | $0 |
| 2014 | $436 | $11,500 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/15/2025 10/15/25 | Price Changed | $499,000 | -3.1% | -- | |
| 09/03/2025 09/03/25 | Price Changed | $515,000 | -6.3% | -- | |
| 07/03/2025 07/03/25 | Price Changed | $549,900 | -8.2% | -- | |
| 04/28/2025 04/28/25 | Price Changed | $599,000 | -4.0% | -- | |
| 03/07/2025 03/07/25 | Price Changed | $624,000 | -1.6% | -- | |
| 12/11/2024 12/11/24 | For Sale | $634,000 | +103.9% | -- | |
| 04/13/2017 04/13/17 | Sold | $311,000 | -2.5% | $622 / Sq Ft | View Prior Sale |
| 03/07/2017 03/07/17 | Pending | -- | -- | -- | |
| 02/24/2017 02/24/17 | For Sale | $319,000 | -- | $638 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $311,000 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $292,800 | No Value Available |
Source: Public Records
About the Listing Agent
Sharon Daugherty is a leading resort and luxury real estate specialist, recognized throughout Maryland, Delaware, and Virginia for her industry expertise. Her high energy and sharp business acumen have propelled her to the forefront of the coastal real estate market.
With a portfolio exceeding half a billion dollars in sales and experience working with thousands of buyers and sellers, Sharon is a highly sought-after professional. Since beginning her independent real estate career in
Sharon's Other Listings
Source: Bright MLS
MLS Number: DESU2075476
APN: 334-14.14-31.00-205
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 35 Maryland Ave
- 527 North Boardwalk Unit 202
- 45 Baltimore Ave
- 58 Maryland Ave Unit 2
- 18 Delaware Ave
- 16 Delaware Ave
- 28 Delaware Ave
- 40 Park Ave
- 50 Wilmington Ave Unit 103
- 19 Brooklyn Ave
- 57 Delaware Ave Unit B
- 307 South Boardwalk Unit 605
- 19 Laurel St
- 118 Philadelphia St
- 3 Laurel St
- 52 Henlopen Ave
- 121 Laurel St
- 3 Hickman St
- 116 Laurel St
- 91 Columbia Ave
- 1 Virginia Ave Unit 202
- 31 6th St Unit B
- 38172 Robinsons Dr Unit 9
- 29805 Striper Harbor Unit C3
- 37684 Ulster Dr Unit 16
- 20013 Newry Dr Unit 7
- 20013 Newry Dr Unit X18
- 20527 Washington St Unit Garrage Carriage House
- 37696 Ulster Dr Unit 2
- 310 Blue Heron Dr Unit 2
- 37487 Burton Ct
- 360 Bay Reach
- 20327 Mallory Ct
- 6 Gordons Pond Dr
- 36519 Palm Dr Unit 4103
- 36507 Palm Dr Unit 2306
- 36417 Fir Dr
- 36407 Fir Dr
- 705 Country Club Rd
- 21440 Bald Eagle Rd Unit Carriage House