8 OLIVE AVE #111 Rehoboth Beach, DE 19971 New
UPDATED: 03/24/2026 09:03 PM ON MARKET: 2 days on market
$1,125,000
2 Beds2 Baths750 SqFt
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Active
Purchase Type For Sale
Square Footage 750 sqft
Price per Sqft $1,500
Subdivision North Rehoboth
MLS Listing ID DESU2107836
Style Coastal
Bedrooms 2
Full Baths 2
Condo Fees $3,290/qua
HOA Y/N N
Abv Grd Liv Area 750
Year Built 1970
Annual Tax Amount $2,342
Tax Year 2025
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions 0.00 x 0.00
Property Sub-Type Condo/Co-op
Source BRIGHT
Property Description
Ocean View - Ocean Block & Rarely Offered - this 2 bedroom, 2 bath condo is ready for it's new owner. Located on the first floor, this unit can be accessed through the lobby, or through a secondary entrance located on the side of the building. The first floor condo is offering a updated kitchen with SS appliances, quartz countertops & undercounter LED lighting, dining & living area with fireplace and also a Queen size murphy bed along with a great patio area off the living area. On the first floor there is also a nice sized storage/pantry closet. Where the fireplace is located offers additional storage as well. The 2nd floor offers a primary bedroom w/ full bath along with a guest bedroom with access to the hall bath. Both bathrooms have been updated. New electric box - 2 zone heating and AC have been within the last 3 years. Freshly painted! Enjoy one parking space in the secure underground heated garage. Patrician Towers has a welcoming courtyard with Koi pond, a great place to gather with friends and family before an evening out. After a day on the beach, take the elevator up to the roof top pool with panoramic views of the ocean, boardwalk and the city. Sunrises and sunsets from there are not to be missed. If you enjoy biking, Rehoboth is home to the Breakwater Junction Trail, known for its natural beauty and proximity to historic Lewes and beyond. Bike storage is located in the garage. In recent years, Patrician Towers has undergone major renovations to the building to maintain its structural integrity, improve appearance and protect the investment of its owners. These include new aluminum awnings; aluminum railings, balcony and walkway coating; brick pointing; concrete repairs; caulking; soffit coatings; drip edge replacement and more! All phases were completed prior to May, 2023. There is a 1% Capital Contribution Fee at the time of closing.
