Commercial / Residential double lot measuring 100 x 100 zoned C-1. Many opportunities available with incredible visibility situated perfectly on Coastal Highway just north of Dewey Beach. Take advantage of southbound, slowing traffic to attract customers to your retail space, service business or office space. Sussex County recently approved site plans for a 5000 sq office w/ 19 parking spaces. Or totally change gears and build townhouses or sub-divide into 2 separate building lots for detached residential beach homes. There is an option to Increase the potential as well by purchasing the 50 x 100 property listed for sale adjacent to this property. This double lot offers close proximity to Dewey Beach restaurants and bars w/ plenty of live music! Easy access to The Rehoboth Bay for paddle boarding or head to the beach for a relaxing day in the sun! Rehoboth Beach is a quick Jolly Trolly or scooter ride away.
Property Details
Property Features
Listing Office:
Office Name: Jack Lingo - Rehoboth
Office Phone: (302) 227-3883
Listing Agent: JEANMARIE CLAVIER
Lot Features
Lot Information:
Lot Size: 0.23 Acres
School Info
Assigned Schools Information:
Cape Henlopen High School, Public District Grades 8-12
Beacon Middle School, Public District Grades 4-8
Rehoboth Elementary School, Public District Grades PK-6
Other
Directions Information:
Directions: South on Rt 1 / Coastal Hwy. Property on right before Dewey Beach. Sign on property
Price Information
Listing Price Info
Price Summary:
List Price: $1,450,000
Tax Information:
Annual Amount: $2,648
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Rehoboth Beach, DE.
This property is $670.5K more than the Median Sold Price in Rehoboth Beach, DE.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #DESU2061920
Listing Office:
Office Name: Jack Lingo - Rehoboth
Office Phone: (302) 227-3883
Listing Agent: JEANMARIE CLAVIER
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$7,304
Per Month
Principal & Interest
$7,237
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,414
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Rehoboth Elementary School
500 Stockley St
Distance between this listing and this school0.72 miles
Public District Grades PK-6
Middle School
7
/10
Beacon Middle School
19483 John J Williams Hwy
Distance between this listing and this school3.83 miles
Public District Grades 4-8
High School
5
/10
Cape Henlopen High School
1250 Kings Hwy
Distance between this listing and this school5.48 miles
Public District Grades 8-12
Assigned Schools
9
/10
Rehoboth Elementary School
500 Stockley St
Distance between this listing and this school0.72 miles
Public District Grades PK-6
Nearby Schools
8
/10
Shields (Richard A.) Elementary School
910 Shields Ave
Distance between this listing and this school5.87 miles
Public District Grades PK-5
5
/10
Long Neck Elementary School
26064 School Ln
Distance between this listing and this school7.46 miles
Public District Grades PK-5
Assigned Schools
7
/10
Beacon Middle School
19483 John J Williams Hwy
Distance between this listing and this school3.83 miles
Public District Grades 4-8
Nearby Schools
5
/10
Mariner Middle School
16391 Harbeson Rd
Distance between this listing and this school13.25 miles
Public District Grades 5-8
3
/10
Millsboro Middle School
302 E State St
Distance between this listing and this school13.55 miles
Public District Grades 6-8
Assigned Schools
5
/10
Cape Henlopen High School
1250 Kings Hwy
Distance between this listing and this school5.48 miles
Public District Grades 8-12
Nearby Schools
5
/10
Indian River High School
29772 Armory Rd
Distance between this listing and this school13.71 miles
Public District Grades 8-12
3
/10
Sussex Central High School
26026 Patriots Way
Distance between this listing and this school14.12 miles
The neighbors living near this home have an average income of $78,716. Most Rehoboth Beach, DE residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 20968 Coastal Hwy
What is the listing price of this property?
The listing price of 20968 Coastal Hwy property is $1,450,000.
What type of property is this?
The property 20968 Coastal Hwy is land located in Rehoboth Beach, Delaware, 19971.
Is this property for sale now?
Active Listing: 20968 Coastal Hwy is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 20968 Coastal Hwy are: Rehoboth Elementary School: GreatSchools Rating 9/10Beacon Middle School: GreatSchools Rating 7/10Cape Henlopen High School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,648 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 20968 Coastal Hwy in Rehoboth Beach, DE and zip code 19971. This home sits on a 0.23 acre lot. It has been listed on Rocket Homes since May 07, 2024 and is currently priced at $1,450,000.
Over 4 listings were sold over their listed price in May 2024 in Rehoboth Beach, DE. In the same period over 14 listings were sold below the listed price and 5 listings were sold for the listed price. The inventory of homes for sale in Rehoboth Beach, DE between April 2024 and May 2024 increased by 14.1%. In May 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $779,500.
From Rocket Homes Real Estate and based on county public records data.