$1,799,000

21089 ELIZABETH AVE, Rehoboth Beach, DE 19971

  • 2 beds |
  • 1 bath |
  • 812 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1957
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $2,216/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This charming ranch-style property is a rare find just a couple blocks away from the beach. The main house features 2 bedrooms, 1 bathroom, a spacious living room with a wood-burning fireplace, an updated eat-in kitchen, and an enclosed porch for summer relaxation. The main house has undergone significant updates in the past 5 to 10 years including a renovated kitchen and bathroom, refinished hardwood floors, new siding, gutters, and fascia. Situated on a 50 x 100 lot just outside the city limits, this property also includes a newly rebuilt 1 bedroom, 1 bathroom detached apartment with rental income potential. The apartment offers a living/dining combination on the first floor and a bedroom with a full bath on the upper level. With a driveway that fits five plus cars, parking will never be an issue for you or your tenants. The rental income generated in 2024 was $65,000 prior to the completion of the apartment, and the estimated income for the apartment alone ranges from $20,000 to $30,000. Whether you're looking for a new home near the beach or an investment property with great rental potential, this property is a fantastic opportunity not to be missed. Take advantage of this unique property and make it yours today! Agent is related to seller. Seller is a licensed real estate agent in the State of Delaware.

Listing Status:
Active
Data Last Updated:
July 5, 2026 at 7:16AM
Listing Office:
Patterson-Schwartz-Brandywine : 3024750800
Listing Agent:
George W Manolakos : 3025292690
MLS ID:
DESU2112446
  • Basement: Partial
  • A/C: Central A/C
  • Heating: Forced AirElectric
  • Fireplace: BrickFireplaceFireplaces: 1
  • Disability Feature: None
  • General: Above GradeBelow Grade
  • Style: Ranch/Rambler
  • General: Aluminum Siding1Block
  • Originating MLS: BRIGHT_MAIN
  • School District: CAPE HENLOPEN
  • County: SUSSEX-DE
  • Zoning: R334-20.13-124.00
  • Utilities: Above ground
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of George W Manolakos , Patterson-Schwartz-Brandywine

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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