36525 PALM DRIVE #5103 Rehoboth Beach, DE 19971 Price Dropped by $3K

UPDATED: 09/06/2025 05:33 PM ON MARKET: 161 days on market

Listed by Laurie N. Ferris • Iron Valley Real Estate at The Beach

$414,000

2 Beds2 Baths1,064 SqFt

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Square Footage 1,064 sqft

Price per Sqft $389

Subdivision The Palms

MLS Listing ID DESU2082736

Style Unit/Flat

Bedrooms 2

Full Baths 2

Condo Fees $800/qua

HOA Y/N N

Year Built 2003

Available Date 2025-04-09

Annual Tax Amount $648

Property Sub-Type Condo/Co-op

Source BRIGHT

Property Description

Wait—have you seen this stunning condo in the highly sought-after community, The Palms? It's the only one on the market right now, and it's been completely redone with beautiful finishes—stainless steel appliances, granite countertops, custom tile showers, and gorgeous flooring throughout. The bedrooms are spacious, and the whole place is move-in ready. This beautiful first - floor unit offers serene views of the pond and the community pool - perfect for relaxing and enjoying the tranquil surroundings from your screened - in porch.
But here's the kicker: “Proven income producer! This property generated $26,000 in 2024 with a long-term tenant in place, and brought in $31,500 in 2023 through short-term rentals. Whether you're looking for steady cash flow or high-yield potential, this home delivers.” stunning furniture conveys. Just steps from the bike trail, Rehoboth outlets, the beach, Rehoboth Ave, and amazing restaurants. It's been an incredible investment for the sellers—and it could be for you too! This is a rare opportunity to own a piece of heaven or to increase your real estate portfolio. Easy to show so schedule your appointment today!!!!!!!!!!!!!!!!