$784,900

20389 MALLORY SQUARE CIR, Rehoboth Beach, DE 19971

5 beds |
4 baths |
2,955 sqft

Single-Family Home
Built in 2004
—— sqft lot
2 car garage
$266/sqft
Listed 27 days ago

Property Description

“5BR Beach Home | Just minutes from the beach | Walk to Dining | Rental Income Opportunity” Welcome to Keys of Marsh Harbor, where coastal convenience meets exceptional investment potential. This spacious 5-bedroom, 4-bath home is located within walking distance to popular restaurants and shopping and just minutes from the beach, making it an ideal coastal retreat, full-time residence, or high-demand vacation rental. With five generously sized bedrooms, including two private en-suite retreats, the home offers plenty of space for family, guests, and vacation renters. The open main living area flows seamlessly from the bright family and dining space into a large, well-appointed kitchen, creating the perfect gathering space after a day at the beach. Step outside to the screened porch, an inviting place to enjoy morning coffee, evening cocktails, or relaxing coastal breezes. One of the biggest advantages of owning in Keys of Marsh Harbor is the maintenance-free lifestyle. The association takes care of exterior maintenance—including roofing, siding, and landscaping—so you can spend more time enjoying the community’s pool and tennis courts, nearby beaches, restaurants, and shopping. With five bedrooms in a prime beach-area location, this home offers an incredible rental income opportunity with strong appeal for seasonal vacation renters as well as long-term tenants. Whether you're searching for a coastal getaway, full-time residence, or a smart investment property, this home delivers the perfect combination of space, location, amenities, and income potential just minutes from the Delaware beaches.

Listing Status:: Active
Data Last Updated:: April 2, 2026 at 7:22PM
Listing Office:: Iron Valley Real Estate at The Beach : 3025418787
Listing Agent:: Laurie N. Ferris : 3026320675
MLS ID:: DESU2106474

General: Ceiling Fan(s)Dining AreaPantryPrimary Bath(s)Recessed LightingWalk-in Closet(s)
Rooms: Dining RoomBedroom 2Bedroom 3KitchenBedroom 1Great RoomBathroom 1Bathroom 2Screened Porch
Appliances: Built-In MicrowaveDishwasherENERGY STAR RefrigeratorOven/Range - Electric
Laundry: Main Floor
A/C: Central A/C
Heating: Forced AirPropane - Metered
Fireplace: Gas/PropaneFireplaceFireplaces: 1
Disability Feature: None

General: BBQ GrillGutter SystemTennis Court(s)Above GradeBelow Grade
Style: CoastalContemporary

General: FrameAluminum Siding2Crawl Space

HOA Amenities: Pool - OutdoorTennis CourtsCommon Area MaintenanceExt Bldg MaintInsuranceLawn MaintenancePest ControlReserve FundsPool(s)Road MaintenanceSnow RemovalTrash2104.0Quarterly
Originating MLS: BRIGHT_MAIN
School District: CAPE HENLOPEN
County: SUSSEX-DE

Zoning: MR334-19.00-154.01-60

Utilities: Propane community
Water: Public
Sewer: Public Sewer

Source: BRIGHT_MAIN

This listing courtesy of Laurie N. Ferris , Iron Valley Real Estate at The Beach

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Rehoboth Elementary School

500 Stockley St, Rehoboth Beach, DE, 19971

Grades KG-5

0.93 miles away

Beacon Middle School

19483 John J Williams Hwy, Lewes, DE, 19958

Grades 6-8

2.37 miles away

Cape Henlopen High School

1250 Kings Hwy, Lewes, DE, 19958

Grades 9-12

4.16 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.