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Sam Lepore

snlepore@yahoo.com +1(856) 297-6827

Listed by Brian K Barrows • Monument Sotheby's International Realty

$ 2,400,000

Est. payment | -/mo

4 Beds

2 Baths

1,500 SqFt

Save Virtual Tour

$ 2,400,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

2 Baths

1,500 SqFt

Open House

Sat Nov 29, 10:00am - 12:00pm

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $1,600

Subdivision South Rehoboth

MLS Listing ID DESU2100576

Style Coastal

Bedrooms 4

Full Baths 2

HOA Y/N N

Abv Grd Liv Area 1,500

Year Built 1974

Annual Tax Amount $5,182

Tax Year 2025

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 50.00 x 132.00

Property Sub-Type Detached

Source BRIGHT

Property Description

Opportunities like this rarely come along! This updated 4-bedroom, 2-bath beach cottage sits on an oversized 50' x 131.98' lot on the second ocean block in South Rehoboth Beach. Just steps to the sand and surf. It's nearly impossible to find a property this close to the ocean with this much space to enjoy now and incredible potential for the future. The home offers a charming three-season front porch, a rear deck perfect for dining after the beach, and a large backyard overlooking a small pond. Enjoy it as-is, or design your dream home, beach retreat, or rental investment. Two well-known local builders have confirmed that a pool or hot tub can fit in the backyard if the new home is designed thoughtfully. Currently, the property generates between $66,000–$70,000 annually through a mix of short-term weekly rentals and a long-term off-season tenant. There's ample parking with both off-street and street spaces available. Located on a quiet, tree-lined street, this home offers a peaceful setting while being just moments from the best of downtown Rehoboth Beach — from boutique shopping and gourmet dining to the Bandstand concerts, art shows, and beloved annual events like Sea Witch Festival, JazzFest, Gumbo Crawl, and the Rehoboth Christmas Parade. Whether you're looking for a turn-key beach cottage, an investment property with strong rental history, or a blank canvas for your future coastal masterpiece — 116 Laurel Street is a rare gem with endless potential.

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning TN

Rooms

Other Rooms Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Bedroom 1, Sun/Florida Room, Great Room, Laundry, Bathroom 1, Full Bath

Main Level Bedrooms 4

Interior

Interior Features Entry Level Bedroom, Dining Area, Upgraded Countertops

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Flooring Luxury Vinyl Plank, Tile/Brick

Fireplaces Number 1

Fireplaces Type Wood

Equipment Built-In Microwave, Oven/Range - Electric, Oven - Self Cleaning, Refrigerator, Icemaker, Washer, Dryer, Water Heater

Furnishings Yes

Fireplace Y

Window Features Insulated

Appliance Built-In Microwave, Oven/Range - Electric, Oven - Self Cleaning, Refrigerator, Icemaker, Washer, Dryer, Water Heater

Heat Source Electric

Laundry Main Floor

Exterior

Exterior Feature Deck(s)

Fence Fully

Water Access N

View Trees/Woods, Pond

Roof Type Architectural Shingle

Accessibility None

Porch Deck(s)

Garage N

Building

Story 1

Foundation Block

Above Ground Finished SqFt 1500

Sewer Public Sewer

Water Public

Architectural Style Coastal

Level or Stories 1

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Cape Henlopen

Others

Senior Community No

Tax ID 334-14.17-569.00

Ownership Fee Simple

SqFt Source 1500

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Virtual Tour https://bcove.video/3KdfQr4

+1(856) 297-6827

snlepore@yahoo.com

513 S Lenola Road, Moorestown, NJ, 08057, United States

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116 LAUREL ST Rehoboth Beach, DE 19971