36525 Palm Drive Unit 5103, Rehoboth Beach, DE 19971

Proven Income Producer - Turnkey Coastal Retreat! If you're searching for a remarkable beach investment with immediate income potential, this beautifully renovated first-floor condo is a rare opportunity. In 2025 alone the property generated over $32,000 in rental income - and that figure was reduced due to a long-term renter occupying part of the season. The home has been completely refreshed and thoughtfully redesigned, featuring a brand-new kitchen, stylish tile-surround bathrooms, and designer furnishings throughout. Even better, all furniture conveys, making this a truly turnkey investment or effortless second home. Major updates provide added peace of mind, including a new HVAC system installed in 2025, allowing owners and guests to enjoy comfort year-round. Step onto the screened porch overlooking the community pool, the perfect spot to sip your morning coffee or unwind with a glass of wine after a day at the beach. Ideally located with easy access to Route 1, tax-free outlet shopping, restaurants, and Delaware's beautiful beaches, and just moments from the bike trail, this home blends convenience with coastal charm. The first-floor location offers easy accessibility for owners and guests alike. Whether you're looking for a proven income-producing property or a coastal getaway that helps pay for itself, this one truly stands out. EASY TO SHOW

PROPERTY DETAILS: Square Feet: 1064 | Bathrooms: 2

INTERIOR FEATURES: • Square Footage (approx): 1,064 Sq. Ft. Above Ground, Sq. Ft. Below Ground • Appliances: Oven, Electric Range, Electric Oven, Dishwasher, Disposal, Dryer, Stainless Steel Appliance(s), Washer, Water Heater, Microwave, ENERGY STAR Qualified Appliances • Flooring: Hardwood, Ceramic Tile, Vinyl, Wood • Cooling: Central Air, Electric, Ceiling Fan(s) • Heating: Electric Heating, Forced Air • Plumbing: Electric Water Heater • Doors/Windows: Window Coverings, Window Treatments • Additional Interior Features: Ceiling Fan(s), Kitchen Island, Open Floorplan, Furnished

EXTERIOR FEATURES: • Parking: 2 Parking Spaces, Paved, Parking Lot. • Exterior: Vinyl • Patio: Porch, Screened • Roof: Shingle • Pool Description: Community • Lot View: Water, Garden/Lawn, Pond • Zoning: MR • Additional Exterior/Lot Features: Porch

LISTING AGENT: Agent: Laurie Ferris | Office: Iron Valley Real Estate at The Beach | Phone: 3026320675 | Email: [email protected]

LISTING INFORMATION: MLS#: DESU2106504 | Status: FOR SALE