1 READ ST #315 Active

Dewey Beach,DE 19971

$ 63000

1 Bed

1 Bath

354 SqFt


Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

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

HOA Y/N N

Abv Grd Liv Area 354

Year Built 1955

Annual Tax Amount $442

Tax Year 2024

Lot Dimensions 0.00 x 0.00

Property Sub-Type Condo/Co-op

Source BRIGHT

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

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning TOWN CODES

Rooms

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

Main Level Bedrooms 1

Interior

Interior Features Ceiling Fan(s),Floor Plan - Open,Kitchenette,Recessed Lighting,Dining Area

Hot Water Electric

Heating Wall Unit

Cooling Ductless/Mini-Split,Wall Unit

Flooring Luxury Vinyl Plank

Inclusions Everything seen! Furniture, bedding, linens, silverware, dishware, glasses.

Equipment Refrigerator,Microwave,Cooktop

Furnishings Yes

Fireplace N

Window Features Insulated

Appliance Refrigerator,Microwave,Cooktop

Heat Source Electric

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

Water Access Desc Public Access,Public Beach,Swimming Allowed

View Ocean

Roof Type Flat

Accessibility None

Total Parking Spaces 1

Garage Y

Building

Story 1

Unit Features Garden 1 - 4 Floors

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat

Level or Stories 1

Additional Building Above Grade,Below Grade

New Construction N

Schools

School District Cape Henlopen

Others

Pets Allowed N

HOA Fee Include Air Conditioning,Common Area Maintenance,Cable TV,Custodial Services Maintenance,Electricity,Ext Bldg Maint,High Speed Internet,Insurance,Lawn Maintenance,Management,Pool(s),Reserve Funds,Snow Removal,Standard Phone Service,Taxes,Trash

Senior Community No

Tax ID 334-20.18-194.00-315

Ownership Fractional

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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