502 5TH STREET, REHOBOTH BEACH, DE 19971

  • Active
  • Price Reduced$14,900

 $375,000

  • 3 BedroomBedrooms
  • 2 BathroomBathrooms
  • 1,480 Sq.Ft.
  • Mobile/Manufactured
  • Active
  • MLS# DESU2109908
  • Sold On
  • Rental
0 More Schedule
Source MLS Verified

PROPERTY DESCRIPTION

Dont miss this opportunity to own property east of Route 1 in Rehoboth Beach! This three-bedroom, one-and-a-half-bath ranch home offers excellent potential for renovation or redevelopment in a highly desirable location close to shopping, dining, and the beach. The nearby Wolfe Neck Trail provides convenient access for walking or biking into both Lewes and Rehoboth Beach, making this location especially attractive for outdoor enthusiasts . For investors or builders, the property presents additional possibilities. Subject to approvals, there is potential to re-establish the property line, remove the existing home, and construct two new homesan excellent redevelopment opportunity in an area experiencing continued growth . There is no HOA, and the property is zoned to allow manufactured homes. Several newly constructed homes in the surrounding community are helping support increasing neighborhood value, making this an appealing option for homeowners, investors, or builders alike. The property is being sold AS IS.

Property Details

General

  • Subdivision: TRU VALE ACRES
  • Area: Lewes Rehoboth Hundred (31009)
  • County: SUSSEX-DE
  • Style: Ranch/Rambler
  • Acreage: 0.23
  • Beds: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Sq. Ft.: 1,480
  • Lot Size: 0.230000
  • Lot Description: Level

Financial Considerations

  • Tax Amount: $757
  • Tax Year: 2025

Activity

  • Days On Market: 191
  • List Date: 04/16/2026
 

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