8 OLIVE AVE #103 Under Contract Save Request In-Person Tour Request Virtual Tour
Rehoboth Beach,DE 19971
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Under Contract
Purchase Type For Sale
Square Footage 500 sqft
Price per Sqft $990
Subdivision None Available
MLS Listing ID DESU2071126
Style Coastal
Full Baths 1
Condo Fees $1,229/qua
HOA Y/N N
Abv Grd Liv Area 500
Originating Board BRIGHT
Year Built 1970
Annual Tax Amount $684
Tax Year 2024
Lot Dimensions 0.00 x 0.00
Property Description
Ocean Block Pied-a-Terre, offering just what its name suggests - a respite in which to relax, refresh and unwind from your "other life", a place of convenience and flexibility - a place where you can park your car and walk to all that surrounds you - the beach, boardwalk, restaurants and shops. An escape without the constraints of maintenance of your primary home. Just what you've wanted, and at a price you can afford! Currently, this is the lowest priced property in the city of Rehoboth! This beautifully appointed L-Shaped Efficiency is bright, with sleek, modern furnishings and impeccably maintained. Updates include wood-tone flooring throughout the unit; extended height cabinetry and solid surface counters in the kitchen; sleek coastal style wood closet doors; an upgraded hot water heater so no one gets a cold shower; newly renovated bathroom with walk-in shower and glass doors, new vanity and lighting; custom full-sized pleated shades on both sliding patio doors for privacy, when desired, and new replacement patio door screens. Fully furnished, the living area features a new longer length coastal blue modern couch, offering seating for guests and plenty of room for naps. There is dining for four with extra pieces that can be pulled up to accommodate more. The sleeping area features a queen size bed with built in storage drawers. The double sliding doors open to a secluded patio area, furnished with cushioned chairs with ottomans, an umbrella and a storage container for all your beach supplies. Located on the first floor, this unit can be accessed through the lobby, or through a secondary entrance located on the side of the building.
Enjoy one parking space in the secure underground garage. Patrician Towers has a welcoming courtyard with Koi pond, a great place to gather with friends and family before an evening out. After a day on the beach, take the elevator up to the roof top pool with panoramic views of the ocean, boardwalk and the city. Sunrises and sunsets from there are not to be missed. If you enjoy biking, Rehoboth is home to the Breakwater Junction Trail, known for its natural beauty and proximity to historic Lewes and beyond. Bike storage is located in the garage.
While the sellers did not rent this unit in 2024, it boasted $17,000. rental income in 2023 for just 12 weeks. If looking for an investment, this is for you. On-site management facilitates rentals for you, if desired.
In recent years, Patrician Towers has undergone major renovations to the building to maintain its structural integrity, improve appearance and protect the investment of its owners. These include new aluminum awnings; aluminum railings, balcony and walkway coating; brick pointing; concrete repairs; caulking; soffit coatings; drip edge replacement and more! All phases were completed prior to May, 2023. Enjoy these improvements, paid for by those who came before you! Hurry in and see why you will want to make this your own, and soon you'll be enjoying all this area has to offer.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning R-2
Direction North
Rooms
Other Rooms Full Bath
Interior
Interior Features Bathroom - Walk-In Shower,Ceiling Fan(s),Combination Dining/Living,Efficiency,Elevator,Entry Level Bedroom,Floor Plan - Open,Kitchen - Galley,Upgraded Countertops,Window Treatments
Hot Water Electric
Heating Heat Pump(s)
Cooling Ceiling Fan(s),Central A/C,Geothermal,Heat Pump(s)
Inclusions Being offered Turn-key with all furnishings, inside and out, accessories and kitchen items. Outdoor storage chest.
Equipment Dishwasher,Microwave,Oven/Range - Electric,Refrigerator,Water Heater
Furnishings Yes
Fireplace N
Appliance Dishwasher,Microwave,Oven/Range - Electric,Refrigerator,Water Heater
Heat Source Electric
Laundry Common,Upper Floor,Shared
Exterior
Exterior Feature Patio(s)
Garage Basement Garage,Garage - Front Entry
Garage Spaces 1.0
Fence Fully,Wood
Utilities Available Cable TV
Amenities Available Common Grounds,Elevator,Fencing,Laundry Facilities,Pool - Outdoor,Security
Waterfront N
Water Access N
Accessibility 2+ Access Exits,Elevator,Level Entry - Main,No Stairs
Porch Patio(s)
Parking Type Parking Garage
Total Parking Spaces 1
Garage Y
Building
Story 6
Unit Features Mid-Rise 5 - 8 Floors
Sewer Public Sewer
Water Public
Architectural Style Coastal
Level or Stories 6
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Cape Henlopen
Others
Pets Allowed Y
HOA Fee Include Common Area Maintenance,Ext Bldg Maint,Insurance,Management,Pest Control,Pool(s),Reserve Funds,Water
Senior Community No
Tax ID 334-14.14-31.00-103
Ownership Condominium
Security Features Desk in Lobby,Exterior Cameras,Main Entrance Lock,Security Gate
Acceptable Financing Cash,Conventional
Horse Property N
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Description Cats OK,Dogs OK