CHARIS REALTY GROUP

Coastal

116 LAUREL STREET

REHOBOTH BEACH , DE 19971

MLS#: DESU2100576

$2,400,000

Status: Closed
Listing number: DESU2100576
Listing provided by: Monument Sotheby's International Realty
Listing agent phone: None
Last update: 2 days ago
On site: a month ago
Browse Properties
SOUTH REHOBOTH - Residential

Property

Beds

4

Full Baths

2

1/2 Baths

None

Year Built

1974

Sq.Footage

1,500

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.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    2

  • Above Grade Finished Area

    1500.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Electric, Heat Pump

  • Main Level Bedrooms

    4

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Frame

  • Parking

    Off Street, Driveway

  • Patio and Porch Features

    Deck

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

  • View

    Water, Trees/Woods, Pond

Area & Lot

  • Lot Size(acres)

    0.15

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Coastal

Price

  • Sales Price

    $2,400,000

  • Tax Amount

    5182.0

  • Sq. Footage

    1, 500

  • Price/SqFt

    $1,600

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Block

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    86

  • Water Source

    Public

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Location

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SUSSEX

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Listing Courtesy of Brian K Barrows , Monument Sotheby's International Realty

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Agent Sharon Lelm

AGENT

Sharon Lelm

Call Sharon today to schedule a private showing.

(301) 676-4031

realtorsharonlelm@gmail.com


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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.

116 LAUREL STREET

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