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$3,600,000

  • Sold
  • Closed
  • Commercial
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Become a part of Dewey Beach history! The Sea Esta Motel, located at the corner of Houston and King Charles Streets in Rehoboth-by-the-Sea, offers 30 guest rooms all with ensuite baths. This ocean-block motel was originally built in 1961 and has hosted a variety of actors, tourists, and beachgoers for over 60 years!Total lot size: 100x150 (equates to three residential lots; would require a zoning change to residential in the Town of Dewey Beach) * Total guest rooms: 30 * Total parking spaces available: 37 * Front check-in lobby * Rooftop deck potential * Views of the Atlantic Ocean * Walking distance to beach, restaurants, shopping and the Rehoboth Bay * Many options for subdivision possibilities

Full Property Details for 24 Houston St

General

  • Sold For: $3,600,000
  • Taxes: $3,964 (2023)
  • Status: Closed
  • Type: Commercial
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2046814
  • Added to Site: 1, 021 day(s) ago

Business

  • Business Type: Hotel/Motel

Interior

  • Flooring: Fully Carpeted, Wood

Parking

  • Total Spaces: 37
  • Parking Type: Parking Lot

Location

  • Area: Lewes Rehoboth Hundred (31009)
  • County: Sussex
  • Driving Directions: From the north, take Coastal Highway South; u-turn at Clayton Street. Slight right into the parking lot at corner of 24 Houston and King Charles. From the south, take Coastal Highway North through Dewey, slight right into the parking lot at 24 Houston Street and King Charles.
  • City Limits: Yes

Heating & Cooling

  • Cooling Type: Wall Unit
  • Cooling Fuel: Electric
  • Heating Type: None
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electric Available, Cable TV Available, Phone, Sewer Available, Water Available

Structural Information

  • Construction: Wood Siding
  • Foundation: Block
  • Roof: Flat
  • Stories/Levels: 0
  • Year Built: 1961
  • Year Built Source: Estimated
  • Property Condition: Average

Unit Information

  • # Tenants: Multiple

Lot Features

  • Property View: Ocean, Water
  • Lot Size (Acres): 0.34
  • Lot Size (Sq. Ft.): 15,000
  • Lot Size Source: Estimated
  • Lot Dimensions: 100.00 x 150.00
  • Frontage Feet: 100
  • Lot Features: Corner
  • Zoning: TN
  • Lot Description: Corner

Water Features

  • Water View: Yes

Financial Considerations

  • Assessment Year: 2023
  • School Tax: $3,602
  • County Tax: $362
  • County Tax Freq: Annually
  • Tax w/Assessment: $80,400
  • Tax Amount: $3,964
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes
  • Lot Number: 15

Listed by Monument Sotheby's International Realty, Robert Justin Healy and Monument Sotheby's International Realty, KATHLEEN M SCHELL
Sold by Monument Sotheby's International Realty, Kimberly Lear Hamer

Listing agents

— 24 Houston St —

  • Robert Justin Healy

    Monument Sotheby's International Realty

  • KATHLEEN M SCHELL

    Monument Sotheby's International Realty

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 24 Houston St

School District:Cape Henlopen School District
NameGradesDistance
Rehoboth Elementary School
500 Stockley Street, Rehoboth Beach, DE 19971
PK-61.1 mi
Mariner Middle School
16391 Harbeson Road, Milton, DE 19968
5-813.6 mi
Cape Henlopen High School
1250 Kings Highway, Lewes, DE 19958
8-125.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 24 Houston St

Date
Details
Price
Change
Source
4/20/2024
Sold
$3,600,000
-14.29%
MLS
8/24/2023
Listed
$4,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Monument Sotheby's International Realty, Robert Justin Healy and Monument Sotheby's International Realty, KATHLEEN M SCHELL
Sold by Monument Sotheby's International Realty, Kimberly Lear Hamer

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Price Reduced near 24 Houston St

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19888 Atlantic Ave, Rehoboth Beach, DE 19971 - Photo 1 Price Reduced
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Recent Sales near 24 Houston St

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Listed by Monument Sotheby's International Realty, Kimberly Lear Hamer
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24 Houston Street, Dewey Beach, DE 19971 (MLS# DESU2046814) is a Commercial property that was sold at $3,600,000 on April 20, 2024. Want to learn more about 24 Houston Street? Do you have questions about finding other Commercial 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.