1 Read Street #315, Dewey Beach, DE 19971-2311 $70,000

Interior Sq. Ft: 354
Acreage:
Age:70 years
Style:
Unit/Flat
Subdivision: None Available
Design/Type:
Unit/Flat/Apartment
Description
🌊 OCEANFRONT OWNERSHIP + RENTAL INCOME OPPORTUNITY – ONLY $70,000! 🌊 Imagine waking up to the sound of waves, stepping outside, and walking directly onto the sand. Enjoy morning strolls along the shoreline, afternoons soaking up the sun, and evening walks under glowing sunsets — all without having to drive anywhere or fight for parking. 🌊 Welcome to The Surf Club, where OCEANFRONT LIVING MEETS FLEXIBILITY, INCOME POTENTIAL, AND HASSLE-FREE OWNERSHIP — and all without spending millions of dollars. 🌊 This beautifully maintained 1-BEDROOM, 1-BATH CONDO comfortably SLEEPS FIVE thanks to a KING-SIZED BED, a QUEEN-SIZED SLEEPER SOFA, and a VERSATILE SLEEPING BENCH — making it perfect for families, guests, or maximizing rental potential. You'll enjoy 13 WEEKS OF DEEDED OWNERSHIP each year — this is NOT A TIMESHARE! 🌊 This unit is part of the highly desirable STANDARD OCEAN VIEW (SOV) category — one of only nine SOV units in the building. Its elevated position offers BETTER VIEWS, MORE PRIVACY, AND HIGHER RENTAL DEMAND compared to lower-level or less desirable units. 🌊 FLEXIBLE RENTAL PROGRAM: At the beginning of each year, owners choose which weeks to USE and which to RENT. Any weeks placed into the SOV RENTAL POOL earn income based on the total rentals for your room category that week. 🌊 If you’re the only owner renting, you keep 100% OF YOUR UNIT’S PROFITS. If multiple SOV units are rented, profits are divided equally among those owners. 🌊 Nightly rental rates are market-driven, and on-site professional management — the same team that operates the HYATT at the Rusty Rudder — handles bookings, cleanings, maintenance, utilities, taxes, and insurance. You can also switch plans last minute: if you originally planned to use your week but can’t, you can make it available for rental. Likewise, if you planned to rent but decide you want to come, you can — as long as your unit or another available SOV is open. 🌊 With SUMMER WEEKS TYPICALLY BOOKED, this property offers a RARE OPPORTUNITY to enjoy GUARANTEED VACATION TIME and PASSIVE INCOME — without the stress of managing a rental. Spend your mornings sipping coffee on your balcony, your afternoons on the sand, and your evenings strolling to Dewey’s best restaurants, live music, and nightlife — all just steps away. And when you want to explore, hop on the Jolly Trolley for a quick ride into Rehoboth. 🌊 This isn’t just oceanfront ownership — it’s the ultimate Delaware beach lifestyle combined with a smart investment opportunity. With its prime SOV location, sleeping capacity for five, flexible rental income, and professional management, this condo delivers the best of both worlds. All of this can be yours for the price of a car! Offers are welcomed!
Dining Room: Main
Full Bath: Main
Home Assoc: No
Condo Assoc: $435/Monthly
Basement: N
Pool: Yes - Community
Features
Water
Water Oriented: Yes; Water Front: Yes; Water Access: Yes; Water Body Name: Atlantic Ocean; Water Body Type: Ocean; Waterfront: Sandy Beach; Types of Use: Public Access, Public Beach, Swimming Allowed; Navigable: Yes;
Utilities
Wall Unit Heating, Electric, Wall Unit Cooling, Ductless/Mini-Split, Electric, Hot Water - Electric, Public Water, Public Sewer, Cable TV
Garage/Parking
Parking Garage, Covered Parking, Assigned Parking
Interior
Ceiling Fan(s), Dining Area, Floor Plan - Open, Kitchenette, Recessed Lighting, Luxury Vinyl Plank Flooring, Insulated Windows, Insulated Doors
Exterior
Concrete Perimeter Foundation, Flat Roof, Frame Exterior, Stick Built Exterior, Outside Shower, In Ground Pool
Lot
Oceanblock, Ocean View
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (2 schools)
School | District | Grades | Place | Distance |
---|---|---|---|---|
Rehoboth Elementary School | Cape Henlopen School District | K–5 | Rehoboth Beach | 1.45 mi |
Love Creek Elementary School | Cape Henlopen School District | K–5 | Lewes | 4.63 mi |
Public Middle (1 schools)
School | District | Grades | Place | Distance |
---|---|---|---|---|
Beacon Middle School | Cape Henlopen School District | 6–8 | Lewes | 4.4 mi |
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This report is a detailed community overview for Rehoboth Beach (19971), Delaware.
Community Quick Facts
- Average travel time to work for people in this community: 24
- Average salary of people in this community: $77,267
Community Summary
- Population Density (ppl / mile): 495
- Household Size (ppl): 1.96
- Households w/ Children: 15%
Housing Inventory
- Owned: 6,197 (37.9%)
- Rented: 812 (5.0%)
- Vacant: 9,359 (57.2%)
- Total: 16,368
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.2%
- Some High School: 3.1%
- High School Graduate: 19.8%
- Some College: 15.6%
- Associate Degree: 7.5%
- Bachelor's Degree: 28.0%
- Graduate Degree: 24.9%
Income by dollar range
Median Income: $78,689
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $1,682
- One Bedroom: $932
- Two Bedroom: $1,268
- Three Bedroom: $1,432
- Four Bedroom: $2,638
© 2025 LiveBy. All Rights Reserved.
Contact Information
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Listing Courtesy of: Monument Sotheby's International Realty , (302) 227-6767, justin.healy@msir.net
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Listing data as of 8/27/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.