Dewey Beach, DE 19971,1 READ ST #315
Dewey Beach, DE 19971,1 READ ST #315
Dewey Beach, DE 19971,1 READ ST #315
Listed by Brian K Barrows • Monument Sotheby's International Realty
Bought with Brian K Barrows • Monument Sotheby's International Realty
$63,000
Est. payment /mo
$63,000
Est.Price: ?

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1 Bed
1 Bath
354 SqFt
SOLD DATE : 09/26/2025

Key Details

Sold Price $63,000

Property Type Condo

Sub Type Condo/Co-op

Listing Status Sold

Purchase Type For Sale

Square Footage 354 sqft

Price per Sqft $177

Subdivision None Available

MLS Listing ID DESU2091248

Style Unit/Flat

Bedrooms 1

Full Baths 1

Condo Fees $435/mo

Year Built 1955

Annual Tax Amount $442

Tax Year 2024

Property Sub-Type Condo/Co-op

Property Description

🌊 MAJOR PRICE IMPROVEMENT! UNMATCHED OPPORTUNITY! NOW OFFERED AT $63,000 FOR OCEANFRONT OWNERSHIP + RENTAL INCOME OPPORTUNITY! 🌊
Imagine waking up to the sound of waves, stepping outside, and walking directly onto the sand. Enjoy morning strolls along the shoreline, afternoons soaking up the sun, and evening walks under glowing sunsets — all without having to drive anywhere or fight for parking. 🌊 Welcome to The Surf Club, where OCEANFRONT LIVING MEETS FLEXIBILITY, INCOME POTENTIAL, AND HASSLE-FREE OWNERSHIP — and all without spending millions of dollars. 🌊
This beautifully maintained 1-BEDROOM, 1-BATH CONDO comfortably SLEEPS FIVE thanks to a KING-SIZED BED, a QUEEN-SIZED SLEEPER SOFA, and a VERSATILE SLEEPING BENCH — making it perfect for families, guests, or maximizing rental potential. You'll enjoy 13 WEEKS OF DEEDED OWNERSHIP each year — this is NOT A TIMESHARE! 🌊

This unit is part of the highly desirable STANDARD OCEAN VIEW (SOV) category — one of only nine SOV units in the building. Its elevated position offers BETTER VIEWS, MORE PRIVACY, AND HIGHER RENTAL DEMAND compared to lower-level or less desirable units. 🌊
FLEXIBLE RENTAL PROGRAM: At the beginning of each year, owners choose which weeks to USE and which to RENT. Any weeks placed into the SOV RENTAL POOL earn income based on the total rentals for your room category that week. 🌊
If you're the only owner renting, you keep 100% OF YOUR UNIT'S PROFITS.
If multiple SOV units are rented, profits are divided equally among those owners. 🌊
Nightly rental rates are market-driven, and on-site professional management — the same team that operates the HYATT at the Rusty Rudder — handles bookings, cleanings, maintenance, utilities, taxes, and insurance. You can also switch plans last minute: if you originally planned to use your week but can't, you can make it available for rental. Likewise, if you planned to rent but decide you want to come, you can — as long as your unit or another available SOV is open. 🌊
With SUMMER WEEKS TYPICALLY BOOKED, this property offers a RARE OPPORTUNITY to enjoy GUARANTEED VACATION TIME and PASSIVE INCOME — without the stress of managing a rental. Spend your mornings sipping coffee on your balcony, your afternoons on the sand, and your evenings strolling to Dewey's best restaurants, live music, and nightlife — all just steps away. And when you want to explore, hop on the Jolly Trolley for a quick ride into Rehoboth. 🌊
This isn't just oceanfront ownership — it's the ultimate Delaware beach lifestyle combined with a smart investment opportunity. With its prime SOV location, sleeping capacity for five, flexible rental income, and professional management, this condo delivers the best of both worlds. All of this can be yours for the price of a car! Offers are welcomed!

Location

Province DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning TOWN CODES

Rooms

Other Rooms Dining Room, Kitchen, Bedroom 1, Full Bath

Interior

Hot Water Electric

Heating Wall Unit

Cooling Ductless/Mini-Split, Wall Unit

Flooring Luxury Vinyl Plank

Equipment Refrigerator, Microwave, Cooktop

Exterior

Parking Features Covered Parking

Garage Spaces 1.0

Parking On Site 1

Utilities Available Cable TV

Amenities Available Pool - Outdoor, Laundry Facilities, Picnic Area, Beach

Waterfront Description Sandy Beach

Water Access Y

View Ocean

Roof Type Flat

Building

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Cape Henlopen

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Kory Prince

Kory Prince

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Owner/Director of Operations | -V61339

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