36525 Palm Dr #5205

Rehoboth Beach, DE 19971 View Map $300,000 Ask a Question
Beds2
Baths2
Sq.Ft.1,092
Year2003
Real Estate in Ocean City Maryland and surrounding areas. Photo 1
Real Estate in Ocean City Maryland and surrounding areas. Map
Deeley Chester

Deeley Chester

(443) 235-1375

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Status: Sold
Listing Office:Diamond State Cooperative LLC
Property Type:Unit/Flat
MLS #:DESU2014282
Sq. Feet:1,092
Date Sold:3/8/2022
County:Sussex
Monthly HOA:$267
Whether you are looking for the perfect home away from home, vacation rental, or both, it doesn t get much better than a condo at The Palms! The Palms in Rehoboth Beach is in a prime location right off Highway 1 and directly across from The Tanger Outlets. It is within walking distance to not only the outlets, but several of the town s most popular local restaurants, as well as grocery stores. Not to mention, it is only a short five-minute drive into downtown Rehoboth and the beach! Beyond having the perfect location, you can t beat the quaint charm of The Palms property itself. This is a rare opportunity to secure your spot in one of the most sought- after locations in town. Giving you the perfect place to escape from city life any time of year or rent it to others for a beach getaway, which is beyond easy since it has already been established as a highly rated rental property on Airbnb (earning approximately $20,000 last year during peak season). This highly rated property has been regularly used by its owners as well, which is reflected in the exceptional care and attention to detail in the maintenance and upkeep of the property. This two-bedroom two bath condo is located on the second floor of the building as you enter The Palms. A short walk up the outdoor stairs and you are home! Walk through the front door and catch a glimpse of the sliding doors that lead to the enclosed deck and offer exceptional natural light throughout the condo. Before heading to check out the deck, turn left to step into the kitchen. In the kitchen, you ll notice the beautiful backsplash - just one of the many upgrades in the unit. It also offers the perfect view to the rest of the condo. The open floor plan allows for relaxing conversation with friends and family while cooking dinner or mixing cocktails. Off to the right of the kitchen you ll find a short hallway that leads to the front bedroom, as well as a full bathroom. This room is perfect for two twin beds or a king, offering plenty of sleeping options for guests. Outside the bedroom, there is space for a stackable washer and dryer. The master bedroom is filled with lots of natural light from a window that looks out towards the pool. It includes a private ensuite bathroom with a shower. Inside the room there is a large walk-in closet that is perfect for storing additional beach items and bedding. Off the main room, step through the sliding glass doors into the enclosed deck. An ideal spot for an outdoor table where you can eat, drink, and play games on the screened in deck. On sunny days or moonlit evenings, leave the screened area and sit out on the smaller open deck that looks over the pool. Don t forget to head down to the pool for a quick dip or to sunbathe from May through September! At The Palms you have everything you need for the perfect home away from home. *All information herein is deemed reliable but not guaranteed. Buyer is responsible to verify all information.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
3/12/2022$295,000$300,0001.7%

Community Information

Address:36525 Palm Dr #5205 Rehoboth Beach, DE 19971
Area:Lewes Rehoboth Hundred (31009)
County:Sussex
City:Rehoboth Beach
School District:Cape Henlopen
Subdivision:Palms Of Rehoboth
Zip Code:19971
Building:None Available

Architecture

Unit Number:#5205
Bedrooms: 2
Bathrooms: 2
Year Built:2003
Stories:1
Style:Unit/Flat
Construction: Stick Built, Vinyl Siding
Unit Building Type: Garden 1 - 4 Floors
Roof: Shingle, Asphalt
Foundation: Slab

Features / Amenities

Interior Features: Breakfast Area, Bar
Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Refrigerator, Washer
Flooring: Carpet, Vinyl, Engineered Wood
Main Level Bedrooms: 2
Entry Level: 2
Other Rooms: Living Room, Dining Room, Primary Bedroom, Kitchen, Additional Bedroom
Exterior Features: Sidewalks
Patio And Porch: Porch(es), Enclosed, Patio(s), Screened
Pool: In Ground
Community Amenities: Swimming Pool, Pool - Outdoor
Sub Structure Types: Above Grade
Cooling: Heat Pump(s)
Cooling Fuel: Electric
Heating: Heat Pump(s)
Heating Fuel: Electric
Hot Water: Electric

Square Footage

Finished Sq. Ft.
Above Grade 1092
Below Grade 0
Total 1092

Rooms

LevelSizeDescription
Dining RoomMain Level
KitchenMain Level
Primary BedroomMain Level
Additional BedroomMain Level
Living RoomMain Level

Property Features

Parking Included In List Price: No
View: Pond
Sewer: Public Sewer
Water: Public
Zoning:RC RES: CONDO
Directions:Rt. 1 South, take a Right into THE PALMS. Immediate left, first building on RIght. Unit is located on the 2nd floor.

Tax and Financial Info

New Financing: Conventional
Ownership Type: Fee Simple
Homeowners' Assoc.: No
County Tax Rate: $536.00 (Annually)
Condo Coop Fee: $800.00 (Quarterly)
Acceptable Financing: Cash, Conventional

Schools

WALKING AND TRANSPORTATION

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Listing Information Last Updated 5/23/2022
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