ddMLS # DESU2106504
36525 palm drive #5103, Rehoboth Beach, DE 19971
$419,900
Proven Income Producer – Turnkey Coastal Retreat!
If you’re searching for a remarkable beach investment with immediate income potential, this beautifully renovated first-floor condo is a rare opportunity. In 2025 alone the property generated over $32,000 in rental income—and that figure was reduced due to a long-term renter occupying part of the season.
The home has been completely refreshed and thoughtfully redesigned, featuring a brand-new kitchen, stylish tile-surround bathrooms, and designer furnishings throughout. E Read More
Property Summary
Status:
Active
MLS #:
DESU2106504
Street Address:
36525 Palm Drive #5103
City, State Zip:
Rehoboth Beach, DE 19971
County:
Sussex
Community:
The Palms
Area:
1,064 Sq Ft
Price
$419,900
Beds:
2
Baths:
2 Full / 0 Half
Garage:
0
Year Built:
2003
# of Stories:
1
Style:
Unit/Flat
Property Description
Proven Income Producer – Turnkey Coastal Retreat! If you’re searching for a remarkable beach investment with immediate income potential, this beautifully renovated first-floor condo is a rare opportunity. In 2025 alone the property generated over $32,000 in rental income—and that figure was reduced due to a long-term renter occupying part of the season. The home has been completely refreshed and thoughtfully redesigned, featuring a brand-new kitchen, stylish tile-surround bathrooms, and designer furnishings throughout. Even better, all furniture conveys, making this a truly turnkey investment or effortless second home. Major updates provide added peace of mind, including a new HVAC system installed in 2025, allowing owners and guests to enjoy comfort year-round. Step onto the screened porch overlooking the community pool, the perfect spot to sip your morning coffee or unwind with a glass of wine after a day at the beach. Ideally located with easy access to Route 1, tax-free outlet shopping, restaurants, and Delaware’s beautiful beaches, and just moments from the bike trail, this home blends convenience with coastal charm. The first-floor location offers easy accessibility for owners and guests alike. Whether you’re looking for a proven income-producing property or a coastal getaway that helps pay for itself, this one truly stands out. EASY TO SHOWProperty Details
Bedrooms
Total Bedrooms:
2
BATHROOMS
Bath - Full:
2
Bath - Half:
0
Total Baths:
2
KITCHEN & DINING
- Ceiling Fan(s)
- Dining Area
- Floor Plan - Open
- Wood Floors
- Window Treatments
- Upgraded Countertops
- Kitchen - Island
OTHER ROOMS
Total Rooms:
9
INTERIOR FEATURES
- Ceiling Fan(s)
- Dining Area
- Floor Plan - Open
- Wood Floors
- Window Treatments
- Upgraded Countertops
- Kitchen - Island
Flooring:
Ceramic Tile, Hardwood, Luxury Vinyl Plank
Furnished:
No
Accessibility:
No Stairs, Level Entry - Main
Elevator:
No
Extra Unit:
Unit/Flat
APPLIANCES
- Built-In Microwave
- Dishwasher
- Disposal
- Dryer
- Energy Efficient Appliances
- Oven - Single
- Oven - Self Cleaning
- Oven/Range - Electric
- Stainless Steel Appliances
- Washer
- Water Heater
HEATING & COOLING
Cooling:
Central A/C
Heating:
Forced Air
Fireplace:
None
UTILITES
- Public
- Public Sewer
AMENITIES & COMMUNITY FEATURES
- Pool - Outdoor
POOL & SPA
Pool: Yes - Community
BUILDING & CONSTRUCTION
Style:
Unit/Flat
Floors:
1
Exterior Type:
Vinyl Siding, Stick Built
Roofing:
Architectural Shingle
Views:
Yes - Pond,Garden/Lawn
Porch And Patio And Deck:
Porch(es), Screened
Lot Sq Ft:
0
Waterfront:
No
GARAGE & PARKING:
# of Garage Spaces:
0
Parking:
Parking Lot Paved Parking
SCHOOL INFORMATION
School District:
Cape Henlopen
OTHER PROPERTY INFO
City:
Rehoboth Beach
Area:
Lewes Rehoboth Hundred (31009)
Subdivision:
The Palms
In City Limits:
No
Map Section:
Between Rt 1 & 113
New Construction:
No
Historic Distict:
No
Last Price Change:
03/17/2026 05:36:43
# of Day on Market:
2 Days
FINANCE INFO
List Price:
$419,900
Annual Property Tax:
$539
HOA Fees:
$0
Condo Fees:
$800 (Quarterly)
Financing Type:
Cash, Conventional
LISTING FIRM
Listed By:
Iron Valley Real Estate at The Beach
Listing Firm Phone:
2147483647
ASK A QUESTION
Call us at 302-344-9002 or use the form below to contact us regarding this property or to request a private showing.