$1,550,000
$1,650,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
25 MCKINLEY AVE Dewey Beach, DE 19971
5 Beds
4 Baths
2,400 SqFt
Key Details
Sold Price $1,550,000
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $645
Subdivision None Available
MLS Listing ID DESU2049892
Style Colonial
Bedrooms 5
Full Baths 3
Half Baths 1
Year Built 1981
Annual Tax Amount $1,325
Tax Year 2023
Property Description
Super opportunity to own this ocean side renovated 5-bedroom 3.5 bath beach home. Two master suites, large private backyard with gazebo, roof top deck, sun room, and over sized parking area make this 2400 square foot home an entertainer’s dream. The property has a proven rental history of over $110,000 per year with repeat family weekly rentals. Buy both 23 and 25 McKinley for a combined rental income of over $175,000 per year.
One minute walk to beach without crossing any roads. Come put your toes in the sand and ocean. Close to all the hot spots and restaurants, but private enough to enjoy the tranquility of the beach and ocean. Great patio area in the rear yard for cook outs and gathering. Rare to actually have a yard at the beach. Just such a fun home and place to be. In great condition with a great rental history. There have been many updates to this property with new composite siding being the most recent. Plenty of off street parking. All furniture and appliances included in the sale.. Property zoned RR and the size of the property allows for additions. We urge any buyer to confirm for themselves the specifics of addition size with the town of Dewey Beach. Come to Dewey Beach. Relax. Have fun.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning TN
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Exterior
Amenities Available None
Water Access N
Roof Type Shingle
Building
Story 1
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
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Bought with Linda Chase • Compass