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$990,000

  • Sold
  • Closed
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,300 Sq. Ft.
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Rare Oceanfront Opportunity with Stunning Views & Strong Rental Potential! Don't miss this 2-bedroom, 2-bath, two-level oceanfront condo located in a classic mid-century building overlooking the Atlantic Ocean and iconic boardwalk. This spacious unit offers an open layout with abundant natural light and a private balcony perfect for enjoying sunrise views and salty breezes. Situated in a secure building with assigned parking and a private pool, this property delivers comfort, convenience, and unbeatable beach access. The two-level floor plan provides added privacy and flexibility-ideal for personal use or as a high-performing vacation rental. With its prime oceanfront location, proven rental income potential, and access to everything the boardwalk has to offer, this is a rare chance to own a turn-key property in one of the area's most desirable buildings.

Full Property Details for 2 N Virginia Ave #524

General

  • Sold For: $990,000
  • Taxes: $3,231 (2025)
  • Status: Closed
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2088978
  • Added to Site: 203 day(s) ago

Interior

  • Rooms/Areas: Bedroom 2
  • Furnished: Yes

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Upper Floor Baths: 1
  • Upper - Full Baths: 1
  • Main Floor Baths: 1
  • Main - Full Baths: 1

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Upper: 1
  • Bedrooms Main & Up: 1
  • Bedroom 1: Bedroom 2, Upper 1

Additional Information

  • Shared Amenities: Pool - Outdoor
  • Shared Pool: Yes
  • Pool: Yes

Parking

  • Total Spaces: 1
  • Parking Type: Off Street

Location

  • Area: Lewes Rehoboth Hundred (31009)
  • County: Sussex
  • Development Name: North Rehoboth
  • Subdivision: North Rehoboth
  • Building Name: Edgewater House
  • Driving Directions: Virginia Ave to Ocean, building on left
  • City Limits: Yes

School Information

  • School District: Cape Henlopen

Community

  • Assoc. Fees Include: High Speed Internet

Heating & Cooling

  • Cooling Type: Heat Pump(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Septic
  • Water: Public

Structural Information

  • Architectural Info: Mid-Century Modern
  • Architectural Style: Mid-Century Modern
  • Structure Type: Mid-Rise 5 - 8 Floors
  • Construction: Masonry
  • Entry Floor Number: 5
  • Stories/Levels: 0
  • Stories Description: Main, Upper 1
  • Square Feet: 1,300
  • Sq. Ft. Source: Estimated
  • Living Area: 1,300 Sq. Ft.
  • Year Built: 1966
  • Year Built Source: Estimated

Lot Features

  • Zoning: TN

Water Features

  • Water Front: Yes
  • Water Front Type: Ocean

Financial Considerations

  • Price Per Sq. Ft.: $807.69
  • Assessment Year: 2025
  • School Tax: $2,138
  • City/TownTax: $873
  • City/TownTax Freq: Annually
  • County Tax: $220
  • County Tax Freq: Annually
  • Tax w/Assessment: $1,126,100
  • Tax Amount: $3,231
  • Tax Year: 2025
  • Terms: Standard Sale

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes

Listed by McWilliams/Ballard, Inc., Patrick W Sommer and McWilliams/Ballard, Inc., Kevin J McDuffie
Sold by Active Adults Realty, Christine Davis

Listing agents

— 2 N Virginia Ave #524 —

  • Patrick W Sommer

    McWilliams/Ballard, Inc.

  • Kevin J McDuffie

    McWilliams/Ballard, Inc.

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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 2 N Virginia Ave #524

School District:Cape Henlopen School District
NameGradesDistance
Rehoboth Elementary School
500 Stockley Street, Rehoboth Beach, DE 19971
PK-61 mi
Mariner Middle School
16391 Harbeson Road, Milton, DE 19968
5-813.1 mi
Cape Henlopen High School
1250 Kings Highway, Lewes, DE 19958
8-124.8 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 2 N Virginia Ave #524

Date
Details
Price
Change
Source
10/03/2025
Sold
$990,000
-5.71%
MLS
8/26/2025
Price Reduced
$1,050,000
-8.3%
MLS
7/25/2025
Price Reduced
$1,145,000
-11.58%
MLS
6/28/2025
Listed
$1,295,000
—
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 McWilliams/Ballard, Inc., Patrick W Sommer and McWilliams/Ballard, Inc., Kevin J McDuffie
Sold by Active Adults Realty, Christine Davis

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2 N Virginia Avenue #524, Rehoboth Beach, DE 19971 (MLS# DESU2088978) is a Condo property that was sold at $990,000 on October 03, 2025. Want to learn more about 2 N Virginia Avenue #524? Do you have questions about finding other Condo real estate for sale in Rehoboth Beach? You can browse all Rehoboth Beach real estate or contact a Coldwell Banker agent to request more information.