1. Delaware
  2. Rehoboth Beach
  3. 37519 OYSTER HOUSE RD
$1,288,000

37519 OYSTER HOUSE RD, Rehoboth Beach, DE 19971

  • 3 beds |
  • 2 baths |
  • 576 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon0.37acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $2,236/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

APPROVED preliminary plans to build three, 5 bed 4 bath homes! East of route one and an easy walk to Rehoboth Ave. Discover a rare opportunity to own a fully renovated, income-producing Rehoboth Beach cottage while unlocking incredible development potential. This charming coastal retreat sits on nearly half an acre and features a beautifully updated main cottage along with a separate in-law suite—perfect for extended family or vacation guests. The property currently operates as a successful short-term rental, generating approximately $45,000 per summer, even with two weeks reserved for the owner’s family. Beyond its charm and consistent income, this property offers something truly special: C-1 zoning with preliminary approval already in place for three new 5-bedroom, 4-bath homes. Whether you’re an investor seeking steady cash flow while you plan your project, or a developer ready to take advantage of the area’s booming new construction market, this property checks every box. New development around the corner has sold homes exceeding of $1.6 million, proving the strong demand for high-end coastal living in this location. Situated just one lot from the Rehoboth-Lewes Canal, the property offers easy access to everything that makes Rehoboth Beach so desirable. A new city-approved bike path located about 40 feet away will soon connect directly to Rehoboth Avenue and the Boardwalk, allowing guests or future homeowners to enjoy the beach, dining, and shops without ever starting a car. Located outside of Rehoboth Beach city limits, the property falls under Sussex County jurisdiction—making the permitting process simpler, faster, and more cost-effective. And to make things even easier, the listing agent is a local builder and contractor who can complete the future builds for the new buyer. This is an exceptional opportunity to own a cash-flowing Rehoboth Beach classic with the potential to develop three new luxury homes in one of Delaware’s most coveted coastal destinations. Buyer to confirm all permitted land uses with Sussex County. Seller is a licensed Delaware REALTOR®, local builder/contractor, and the listing agent.

Listing Status:
Active
Listing Office:
Crown Homes Real Estate : 3025046147
Listing Agent:
Michael Jeremy Finkle : 3027432369
MLS ID:
DESU2098906
  • A/C: Central A/C
  • Heating: Forced AirElectric
  • Disability Feature: None
  • General: Above GradeBelow Grade
  • Style: Coastal
  • Other Structures: Deck
  • General: Other1Crawl Space
  • Originating MLS: BRIGHT_MAIN
  • School District: CAPE HENLOPEN
  • County: SUSSEX-DE
  • Zoning: C-1334-19.08-24.00
  • View: Canal
  • Fencing: Fully
  • Water: Well
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN
  • Exclusions: To be determined by Buyer and Seller.

This listing courtesy of Michael Jeremy Finkle, Crown Homes Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rehoboth Elementary School

500 Stockley St, Rehoboth Beach, DE, 19971

Grades KG-5

0.33 miles away

B

Beacon Middle School

19483 John J Williams Hwy, Lewes, DE, 19958

Grades 6-8

2.96 miles away

C

Cape Henlopen High School

1250 Kings Hwy, Lewes, DE, 19958

Grades 9-12

4.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.