$375,000
 $2,013 est/mo Sourced by Back At You

502 5th St,REHOBOTH BEACH, DE 19971

REHOBOTH BEACH, DE 19971

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Description

Don't 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 homes-an 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.

Details

MLS #DESU2109908
Listing TypeFor Sale
StyleManufactured Home
Building NameNONE AVAILABLE
Sub-TypeResale
StatusActive-bright
Year1980
Days On Site195
Listing Provided ByKeller Williams Realty | Jeffrey Fowler-Gray

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,456
Story(s)1
ZoningGR
Acreage0.23

Interior

Rooms Total7
CoolingCentral A/C
Heating Yes / NoYes
HeatingHeat Pump(s)
FurnishedPartially
AppliancesDishwasher, Refrigerator, Oven/Range - Electric

Exterior

Exterior FeaturesOutbuilding(s)
Construction MaterialsModular/Manufactured
Foundation DetailsCrawl Space
Lot FeaturesLevel

Parking

Garage Yes / NoNo
Parking FeaturesConcrete Driveway

Utilities

UtilitiesCable TV

Taxes

Tax Annual Amount757

Area Information

StateDE
CountySUSSEX DE
CityREHOBOTH BEACH
Zip Code19971
AreaLewes Rehoboth Hundred (31009)
Community NameTRU VALE ACRES
School DistrictCAPE HENLOPEN
Listing VS Median (in TRU VALE ACRES)
Price:
$375,000
low | high
Med:
$375,000
50% of Average
sqft:
1,456
low | high
Med:
1,456
50% of Average
$ / sqft:
$258
low | high
Med:
$258
50% of Average
On site:
195
low | high
Med:
195
100% of Average
Sourced by Back At You

Market Activity 19971

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Learn More About This Property

StateDE
CountySUSSEX DE
CityREHOBOTH BEACH
Zip Code19971
AreaLewes Rehoboth Hundred (31009)
Community NameTRU VALE ACRES
School DistrictCAPE HENLOPEN
Listing VS Median (in TRU VALE ACRES)
Price:
$375,000
low | high
Med:
$375,000
50% of Average
sqft:
1,456
low | high
Med:
1,456
50% of Average
$ / sqft:
$258
low | high
Med:
$258
50% of Average
On site:
195
low | high
Med:
195
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $281K - $468K
sqft: 1,000 - 1,500
Listing Updated: October 26, 2026 at 12:11:52 PM PDT