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$63,000
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Property Description
🌊 MAJOR PRICE IMPROVEMENT! UNMATCHED OPPORTUNITY! NOW OFFERED AT $63,000 FOR OCEANFRONT OWNERSHIP + RENTAL INCOME OPPORTUNITY! 🌊 Imagine waking up to the sound of waves, stepping outside, and walking directly onto the sand. Enjoy morning strolls along the shoreline, afternoons soaking up the sun, and evening walks under glowing sunsets - all without having to drive anywhere or fight for parking. 🌊 Welcome to The Surf Club, where OCEANFRONT LIVING MEETS FLEXIBILITY, INCOME POTENTIAL, AND HASSLE-FREE OWNERSHIP - and all without spending millions of dollars. 🌊 This beautifully maintained 1-BEDROOM, 1-BATH CONDO comfortably SLEEPS FIVE thanks to a KING-SIZED BED, a QUEEN-SIZED SLEEPER SOFA, and a VERSATILE SLEEPING BENCH - making it perfect for families, guests, or maximizing rental potential. You'll enjoy 13 WEEKS OF DEEDED OWNERSHIP each year - this is NOT A TIMESHARE! 🌊 This unit is part of the highly desirable STANDARD OCEAN VIEW (SOV) category - one of only nine SOV units in the building. Its elevated position offers BETTER VIEWS, MORE PRIVACY, AND HIGHER RENTAL DEMAND compared to lower-level or less desirable units. 🌊 FLEXIBLE RENTAL PROGRAM: At the beginning of each year, owners choose which weeks to USE and which to RENT. Any weeks placed into the SOV RENTAL POOL earn income based on the total rentals for your room category that week. 🌊 If you're the only owner renting, you keep 100% OF YOUR UNIT'S PROFITS. If multiple SOV units are rented, profits are divided equally among those owners. 🌊 Nightly rental rates are market-driven, and on-site professional management - the same team that operates the HYATT at the Rusty Rudder - handles bookings, cleanings, maintenance, utilities, taxes, and insurance. You can also switch plans last minute: if you originally planned to use your week but can't, you can make it available for rental. Likewise, if you planned to rent but decide you want to come, you can - as long as your unit or another available SOV is open. 🌊 With SUMMER WEEKS TYPICALLY BOOKED, this property offers a RARE OPPORTUNITY to enjoy GUARANTEED VACATION TIME and PASSIVE INCOME - without the stress of managing a rental. Spend your mornings sipping coffee on your balcony, your afternoons on the sand, and your evenings strolling to Dewey's best restaurants, live music, and nightlife - all just steps away. And when you want to explore, hop on the Jolly Trolley for a quick ride into Rehoboth. 🌊 This isn't just oceanfront ownership - it's the ultimate Delaware beach lifestyle combined with a smart investment opportunity. With its prime SOV location, sleeping capacity for five, flexible rental income, and professional management, this condo delivers the best of both worlds. All of this can be yours for the price of a car! Offers are welcomed!
Full Property Details
Full Property Details for 1 Read Ave #315
General
- Sold For: $63,000
- Taxes: $442 (2024)
- Status: Closed
- Type: Condo
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2091248
- Added to Site: 223 day(s) ago
Interior
- Rooms/Areas: Dining Room, Kitchen, Bedroom 1, Full Bath
- Interior Features: Ceiling Fan(s), Floor Plan - Open, Kitchenette, Recessed Lighting, Dining Area
- Appliances: Refrigerator, Microwave, Cooktop
- Furnished: Yes
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main & Up: 1
- Bedroom 1: Bedroom 1, Main
Other Rooms
- Kitchen: Kitchen, Main
- Dining Room: Dining Room, Main
Additional Information
- Shared Amenities: Pool - Outdoor, Laundry Facilities, Picnic Area, Beach
- Shared Pool: Yes
- Pool: Yes
Exterior
- Exterior Features: Outside Shower
Parking
- Garage: Yes
- Garage Spaces: 1
- Assigned Spaces: 1
- Total Spaces: 1
- Parking Features: Assigned
- Parking Type: Parking Garage
- Garage Description: Covered Parking
Location
- Area: Lewes Rehoboth Hundred (31009)
- County: Sussex
- Development Name: None Available
- Subdivision: None Available
- Building Name: The Surf Club
- Driving Directions: From Route 1 turn onto Read St in Dewey. Follow toward the beach, Surf Club is on the left.
- Location Details: Oceanblock
- City Limits: Yes
School Information
- School District: Cape Henlopen
Community
- Assoc. Fees Include: Air Conditioning, Common Area Maintenance, Cable TV, Custodial Services Maintenance, Electricity, Ext Bldg Maint, High Speed Internet, Insurance, Lawn Maintenance, Management, Pool(s), Reserve Funds, Snow Removal, Standard Phone Service, Taxes, Trash
Heating & Cooling
- Cooling Type: Ductless/Mini-Split, Wall Unit
- Cooling Fuel: Electric
- Heating Type: Wall Unit
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Dist. to Water: 200 Feet
- Utility Description: Cable TV
Structural Information
- Architectural Info: Unit/Flat
- Architectural Style: Unit/Flat
- Structure Type: Garden 1 - 4 Floors
- Construction: Stick Built, Frame
- Foundation: Concrete Perimeter
- Roof: Flat
- Windows: Insulated
- Doors: Insulated
- Entry Floor Number: 3
- Stories/Levels: 0
- Stories Description: Main
- Square Feet: 354
- Sq. Ft. Source: Estimated
- Living Area: 354 Sq. Ft.
- Year Built: 1955
- Year Built Source: Estimated
Lot Features
- Property View: Ocean
- Lot Dimensions: 0.00 x 0.00
- Zoning: TOWN CODES
Water Features
- Water Front: Yes
- Water View: Yes
- Navigable Water: Yes
- Water Access: Yes
- Water Access Desc: Public Access, Public Beach, Swimming Allowed
- Water Front Type: Ocean
- Water Front Name: Atlantic Ocean
Financial Considerations
- Price Per Sq. Ft.: $177.97
- Assessment Year: 2024
- School Tax: $406
- City/TownTax Freq: Annually
- County Tax: $36
- County Tax Freq: Annually
- Tax Amount: $442
- Tax Year: 2024
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 476
Disclosures and Reports
- Ownership: Fractional
- Condo: Yes
- Inclusions: Everything seen! Furniture, bedding, linens, silverware, dishware, glasses.
Listed and Sold by Monument Sotheby's International Realty, Brian K Barrows and Monument Sotheby's International Realty, Amanda Leigh Valcik
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Schools
Schools serving 1 Read Ave #315
School District:Cape Henlopen School District
| Name | Grades | Distance |
|---|---|---|
Rehoboth Elementary School 500 Stockley Street, Rehoboth Beach, DE 19971 | PK-6 | 1.4 mi |
Mariner Middle School 16391 Harbeson Road, Milton, DE 19968 | 5-8 | 13.9 mi |
Cape Henlopen High School 1250 Kings Highway, Lewes, DE 19958 | 8-12 | 6.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1 Read Ave #315
Date
Details
Price
Change
Source
9/26/2025
Sold
$63,000
—
MLS
8/27/2025
Price Reduced
$63,000
-10%
MLS
8/06/2025
Price Reduced
$70,000
-6.67%
MLS
7/22/2025
Listed
$75,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1 Read Street #315, Dewey Beach, DE 19971 (MLS# DESU2091248) is a Condo property that was sold at $63,000 on September 26, 2025. Want to learn more about 1 Read Street #315? Do you have questions about finding other Condo real estate for sale in Dewey Beach? You can browse all Dewey Beach real estate or contact a Coldwell Banker agent to request more information.

