Extremely rare, fee simple (you own the land!) one-of-a-kind oversized lot in coveted Rehoboth-by-the-Sea in North Dewey Beach. This 75x100 foot property is only four houses from the beach! A Huge Bonus is the adorable 4 bedroom/2 bath year-round home with excellent rental history ($90K plus). If buyers wish to expand AT THEIR EXPENSE, there is a shovel-ready, approved and permitted plan (photos attached) for an amazing 2 story addition, increasing home size to approximately 4,700 square feet including 10 bedrooms and 10 baths! Current estimate for construction is approx. $950K- $1million. For under $5 million total investment, this would be a one-of-a kind, resort-style home w/open floor plan, including huge porches, outdoor spaces and inground pool and pool cabana on the beach block! There will also be a small basement. If you decide to build the addition, your rental income would increase to approximately $20-22K per week ($250-$300K per year annually) based on current comps. Architectural plans included with sale.

Only ½ block to the Atlantic Ocean, this 6 bedroom, 5.5 bath home cannot be replicated in today’s square footage guidelines. Designed with maximizing entertainment/recreation/comfort and ocean views, you will appreciate everything this property has to offer. First floor features a large tiled foyer with wainscoting, an ELEVATOR that accesses all three floors, two garages (one spanning the length of the home), four closets and a flex room with closet and windows. The second floor has a large living room with Tigerwood floors, 10 ft ceilings, wainscoting, crown molding and features a wet bar with kitchenette - sink, microwave, dishwasher, fridge and beverage cooler. A bank of glass sliders access the large front balcony; five generously-sized bedrooms, each with crown molding, ceiling fans and direct access to a bathroom. The third floor has a kitchen and entertainment area to be rivalled. A large great room with 11 ft ceilings, crown molding, Tigerwood floors throughout, and large windows with transoms above to bring natural lighting from every angle. The gourmet kitchen with Viking Professional series appliances, including a gas five-burner range, two ovens, a built-in microwave, dishwasher and large capacity fridge has a granite counter with seating for five. The hospitality and wet bar area features a granite bar with seating for seven, mini fridge and wine/beverage fridge. The dining area is between these impressive spaces, which all overlook the bank of sliders and balcony, large enough to hold an additional dining and lounging area while checking out the ocean and street activity. The primary bedroom has two walk-in closets, a sitting area, and access to a private eastern-facing deck. The ensuite bath has a Jacuzzi tub, large tiled shower and toilet closet. A spiral staircase leads to the 2,000 sf rooftop deck. Outdoor features a protected shower, additional storage and parking for at least four vehicles. Dual-zoned HVAC. This home is also a rental machine, producing over $75k in rental income in 2021. House sold turnkey with rentals in place for this season, do not miss out on this fantastic oceanside home.

If you can make the time before you visit the house to take the walk from the beach the 2 blocks along Carolina Street to the house. It is a truly wonderful street. 205 Carolina Street is uniquely situated near the end of the street with no through vehicular traffic and is set back from the road for privacy. The house is a classic refined “beach shack” in the best of the Pine and the Brine tradition of Rehoboth by the Sea properties. As you walk into the house and look over the open floor plan layout, your eyes will immediately be drawn to the sliding glass doors which lead on to the patio, (one of three different outdoor seating areas) which leads down the wooded path to Lake Comegys where you can go out in a canoe or truly experience tranquility sitting by the lake surrounded by nature.