81 LAKE AVENUE, REHOBOTH BEACH, DE 19971
NONE AVAILABLE · SUSSEX County
Key Facts
Description
Welcome to 81 Lake Avenue, a rare opportunity in the heart of Downtown Rehoboth Beach. This charming, quintessential beach cottage has been thoughtfully renovated and offers the unique advantage of commercial zoning, creating endless possibilities for personal enjoyment, investment income, or future development. Whether you're seeking a turnkey coastal retreat, a high-performing rental property, or the ideal location for a restaurant, boutique retail shop, or professional office, this property offers exceptional flexibility in one of Rehoboth Beach's most desirable locations. Restaurant concept plans are available for interested buyers. The property features two off-street parking spaces, a beautifully landscaped and fenced yard, and a welcoming front patio—perfect for enjoying your morning coffee or unwinding after a day at the beach. Inside, the bright and inviting family room features a pull-out sofa, a large-screen television, and an open layout that flows seamlessly into the brand-new kitchen. Designed with both style and functionality in mind, the kitchen showcases custom cabinetry, quartz countertops, stainless steel appliances, and a timeless white subway tile backsplash. The adjacent eat-in dining area provides a comfortable gathering space and offers direct access to the side yard and outdoor shower. A dedicated laundry and mechanical room provides ample storage and everyday convenience. The owner's suite features a private full bath with a beautifully tiled shower, along with an adjoining flex space currently configured as a home office—ideal for remote work or additional storage. An additional room offers extra sleeping accommodations and is thoughtfully furnished with a custom upholstered chair that converts into a twin bed, maximizing both comfort and versatility. Professionally furnished and decorated by a local interior designer, this home is being offered fully furnished and turnkey, allowing you to immediately embrace the Rehoboth Beach lifestyle. Whether you're looking for a personal beach getaway, an income-producing investment, or a unique mixed-use opportunity, 81 Lake Avenue is ready to be enjoyed from day one. Take the 3D tour!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1960
Living Area
780 sq ft
Lot Size
0.04 acres
Parking Spaces
2
Zoning
TN
Days on Market
14
MLS® Listing#
DESU2113052
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Pool
Parking
Laundry
Patio
Roof
Sewer
Water Source
Rooms
- Main
- Main
- DenMain
- Dining RoomMain
- Family RoomMain
- KitchenMain
- LaundryMain
- OfficeMain
Schools
- District:
- CAPE HENLOPEN
Financial Details
HOA
None
Annual Taxes
$2,276
Tax year 2021
Parcel Number
334-14.17-62.00
Directions
Rehoboth Ave. to Lake Ave. next to Cultured Pearl
Affordability Calculator
$199,980
Estimated monthly payment
$5,322/mo
Principal $799,920 · Est. interest $1,115,960 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in REHOBOTH BEACH, DE
- $775,676
- Median Listing Price
- 74
- Median Days on Market
- 1,800
- Median Sq Ft
- $416
- Median Price / Sq Ft
- 257
- Active Listings
- This home’s price is 29% above the area median.
- Its price per sq ft is 208% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in REHOBOTH BEACH, DE.
Location
Points of Interest in REHOBOTH BEACH, DE
Showing the REHOBOTH BEACH area map.
Nearby Schools
Rehoboth Elementary School
Elementary · 0.4 mi away
Epworth Preschool
School · 1.2 mi away
Beacon Middle School
Secondary · 3.4 mi away
Cape Henlopen School District
School · 4.3 mi away
Cape Henlopen High School
Secondary · 4.5 mi away
Lewes Elementary School
Elementary · 4.9 mi away
Bethel Christian School
School · 5.0 mi away
Sussex Consortium
School · 5.1 mi away
Childrens Place Child
School · 7.9 mi away
Long Neck Elementary School
Elementary · 8.0 mi away
Sussex Consortium
School · 8.2 mi away
Lord Baltimore Elementary School
Elementary · 11.8 mi away
Eagle's Nest Christian School
School · 12.2 mi away
Mariner Middle School
Secondary · 12.6 mi away
Milton Elementary School
Elementary · 12.9 mi away
Ho Brittingham Elementary School
Elementary · 13.2 mi away
Indian River School District
Elementary · 13.7 mi away
East Millsboro Elementary School
Elementary · 13.8 mi away
Millsboro Middle School
Secondary · 13.9 mi away
Ennis (Howard T.) School
School · 14.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 610 6TH STREET, BETHANY BEACH, DE | $710,000 | 3 | 1 | 864 |
| 21 FAIRWAY DRIVE, REHOBOTH BEACH, DE | $718,000 | 4 | 3 | 1,951 |
| 35708 CARMEL TERRACE, REHOBOTH BEACH, DE | $724,900 | 4 | 4 | 3,350 |
| 19805 COASTAL HWY 203, REHOBOTH BEACH, DE | $725,000 | 3 | 2 | 1,522 |
| 19805 COASTAL HWY 204, REHOBOTH BEACH, DE | $725,000 | 3 | 2 | 1,522 |
| 19805 COASTAL HIGHWAY 303, REHOBOTH BEACH, DE | $740,000 | 3 | 2 | 1,522 |
Moving Cost Estimate
EXIT Agents in REHOBOTH BEACH
Listing Courtesy: Monument Sotheby's International Realty - 3022276767