Property

Rehoboth Beach, DE 19971 36525 Palm Drive # 5103

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Presented By: Iron Valley Real Estate at The Beach
  • MLS# DESU2106504
  • 03/13/2026
  • Request Tour
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  • Beds • 2
  • Baths • 2
  • SQFT • 1,064

Home Details

Proven Income Producer Turnkey Coastal Retreat! If youre 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 incomeand 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 Delawares 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 youre looking for a proven income-producing property or a coastal getaway that helps pay for itself, this one truly stands out. EASY TO SHOW
Presented By: Iron Valley Real Estate at The Beach

Interior Features for 36525 Palm Drive # 5103

Bedrooms

Main Level Bedrooms2
Total Bedrooms2

Bathrooms

Bathrooms Half Main Level0
Half Baths
Total Baths2

Other Interior Features

LivingAreaSourceEstimated
Above Grade Finished Area1064
Above Grade Finished Area SourceEstimated
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Central Air Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile, Hardwood, Luxury Vinyl Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Interior AmenitiesCeiling Fan(s), Dining Area, Floor Plan - Open, Wood Floors, Window Treatments, Upgraded Countertops, Kitchen - Island
Laundry TypeMain Floor
Total Stories3

Other Rooms

Entry Level1
Room TypeBedroom 2, Kitchen, Breakfast Room, Bedroom 1, Great Room, Laundry, Bathroom 1, Bathroom 2, Screened Porch

Room Details for 36525 Palm Drive # 5103

Bathroom 1

level Main

Bathroom 2

level Main

Bedroom 1

level Main

Bedroom 2

level Main

Breakfast Room

level Main

Great Room

level Main

Kitchen

level Main

Laundry

level Main

Screened Porch

level Main

General for 36525 Palm Drive # 5103

Acceptable FinancingCash, Conventional
AccessibilityNo Stairs, Level Entry - Main
AppliancesBuilt-In Microwave, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Oven - Single, Oven - Self Cleaning, Oven/Range - Electric, Stainless Steel Appliances, Washer, Water Heater
Architectural StyleUnit/Flat
Association AmenitiesPool - Outdoor
Association Fee IncludesTrash, Pool(s), Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance
Association Recreation FeeN
AssociationName2Premier Community Asso
Bathrooms Count Main Level2.00
Bathrooms Full Main Level2
Building NameNONE AVAILABLE
CityREHOBOTH BEACH
Community Pool FeaturesIn Ground
Condo/Coop Association fee Y/NYes
Construction MaterialsVinyl Siding, Stick Built
Cool FuelElectric
CoolingCentral A/C
CountySUSSEX
Directions1 South, right onto Palm Drive, on your right
DisclosuresProp Disclosure, Radon, Lead Based Paint - Federal
Electric200+ Amp Service
Facing DirectionSouthwest
Full Baths2
Garage Y/NNo
HOANo
HOA Fee 2800.00
HOA Fee 2 FrequencyQuarterly
HeatingForced Air
Historic Y/NNo
Lease Considered Y/NNo
Legal SubdivisionPalms Of Rehoboth
Levels1
Living Area1064
MLS AreaLewes Rehoboth Hundred (31009)
New ConstructionNo
Other StructuresAbove Grade
OwnershipCondominium
Patio/Porch FeaturesPorch(es), Screened
Possession31-60 Days CD, 61-90 Days CD, 90-120 Days CD
Price Per Sq Ft Total AG394.64
Property ConditionExcellent
Property TypeResidential
RoofArchitectural Shingle
School DistrictCAPE HENLOPEN
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Structure TypeUnit/Flat/Apartment
Subdivision NameTHE PALMS
Sussex DE QuadrantsBetween Rt 1 & 113
Tax Annual Amount539.0
Tax Assessed Value255000.0
Tax Year2025
Total Actual Rent35000.00
Total Rooms9
Total SQFT1064
TransportationBus Stop less than 1 mile
Unit Number5103
UtilitiesElectric Available, Cable TV Available
Vacation Rental Y/NYes
ViewPond, Garden/Lawn
Water Access Y/NNo
Year Built2003
Year Built SourceEstimated
ZoningMR

Exterior for 36525 Palm Drive # 5103

Horse Y/NNo
InclusionsAll furniture, kitchen items and misc. items
Land Assessed Value37500.00
Navigable Water Y/NNo
Parking FeaturesPaved Parking
Parking Lot - # of Spaces2
PoolYes - Community
SpaNo
Total Parking Spaces2
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NYes
Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School N/A
Middle School N/A
High School Cape Henlopen High School

Tina Torres

Broker/Owner
Price $419,900
MLS#DESU2106504
List Date 03/13/2026
Property Type Condos
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