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$1,275,000

  • Sold
  • Closed
  • Apartment
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Located on the highly desirable Forgotten Mile between Dewey Beach and Rehoboth Beach, this commercially zoned, mixed-use property offers a rare opportunity to own an income-producing asset in one of Delaware's most sought-after coastal corridors. The property features three fully leased units, including two residential apartments and one commercial space, providing immediate rental income and strong long-term investment potential. The second-floor apartment offers approximately 1,100 square feet and is leased through June 30, 2026. This tenant has been in place for eight years, demonstrating excellent stability. On the first floor, the 1,100 square foot commercial space is currently leased on a month-to-month basis, allowing flexibility for future investment strategies or owner use. Also on the first level is a 950 square foot apartment, likewise rented month-to-month. Separate electric meters allow tenants to pay their own electricity, while water and sewer are paid by the owner and billed back to tenants, helping streamline operating expenses. With its prime location just steps from both Dewey Beach and Rehoboth Beach, this property offers exceptional visibility, strong rental demand, and multiple possibilities for investors or future redevelopment. Showings require 24-hour notice to accommodate tenants. Listing agent must accompany all showings.

Full Property Details for 20905 Coastal Hwy

General

  • Sold For: $1,275,000
  • Taxes: $2,233
  • Status: Closed
  • Type: Apartment
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2105610
  • Added to Site: 160 day(s) ago

Business

  • Business Type: Flex, Apartment Building

Interior

  • Flooring: Carpet, Hardwood, Tile/Brick, Vinyl

Parking

  • Total Spaces: 10
  • Parking Features: Private, Paved Parking, Surface
  • Parking Type: Parking Lot, Driveway, On Street

Location

  • Area: Lewes Rehoboth Hundred (31009)
  • County: SUSSEX
  • Cross Streets: F Benson
  • Driving Directions: Route one south on the forgotten mile - building on on the left - on corner of Coastal and F Benson
  • Location Details: Corner Lot/Unit

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electric Available, Sewer Available, Water Available

Structural Information

  • Construction: Brick Front, Cedar, Concrete
  • Foundation: Slab
  • Roof: Shingle, Asphalt
  • Stories/Levels: 2
  • Building Size: 3155
  • Year Built: 2002
  • Year Built Source: Estimated
  • Property Condition: Average

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 1, Unit 1

Lot Features

  • Property View: Street
  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,227
  • Lot Size Source: Estimated
  • Lot Dimensions: 50.00 x 100.00
  • Frontage Feet: 51
  • Street/Road Desc.: US Highway/Interstate
  • Fence: Yes
  • Zoning: C-1
  • Lot Description: Road Frontage

Financial Considerations

  • Price Per Sq. Ft.: $442.16
  • City/TownTax Freq: Annually
  • Tax Amount: $2,233

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Merchandise in retail store

Listed by Iron Valley Real Estate at The Beach, FRANK HORNSTEIN
Sold by Century 21 Home Team Realty, SANDY LEIGH EIGENBRODE

Listing agent

— 20905 Coastal Hwy —

  • FRANK HORNSTEIN

    Iron Valley Real Estate at The Beach

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 20905 Coastal Hwy

School District:Cape Henlopen School District
NameGradesDistance
Rehoboth Elementary School
500 Stockley Street, Rehoboth Beach, DE 19971
PK-60.6 mi
Beacon Middle School
19483 John J Williams Highway, Lewes, DE 19958
4-83.7 mi
Cape Henlopen High School
1250 Kings Highway, Lewes, DE 19958
8-125.3 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 20905 Coastal Hwy

Date
Details
Price
Change
Source
7/21/2026
Sold
$1,275,000
-8.6%
MLS
3/13/2026
Listed
$1,395,000
—
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 Iron Valley Real Estate at The Beach, FRANK HORNSTEIN
Sold by Century 21 Home Team Realty, SANDY LEIGH EIGENBRODE

Just Listed near 20905 Coastal Hwy

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29531 Maple Rd, Lewes, DE 19958 - Photo 1 Just Listed
$85,000
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29531 Maple Rd  Lewes, DE 19958

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212 Ocean View Blvd, Lewes, DE 19958 - Photo 1 Just Listed
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212 Ocean View Blvd  Lewes, DE 19958

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11743 Shrewsbury Ter, Lewes, DE 19958 - Photo 1 Just Listed
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Price Reduced near 20905 Coastal Hwy

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1 Read Ave, Dewey Beach, DE 19971 - Photo 1 Price Reduced
-$5,000 (-6.26%)
$74,900

1 Read Ave  #113A  Dewey Beach, DE 19971

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31032 Tigress Rd, Lewes, DE 19958 - Photo 1 Price Reduced
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31032 Tigress Rd  Lewes, DE 19958

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  • 3
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    Sq. Ft.
Listed by The Real McCoy Group (302) 500-1809
17906 Windward, Lewes, DE 19971 - Photo 1 Price Reduced
-$5,000 (-1.25%)
$394,900

17906 Windward  Lewes, DE 19971

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Listed by EXP Realty, LLC, JEFFREY KEMP
34185 Skyflower Loop, Lewes, DE 19958 - Photo 1 Price Reduced
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34185 Skyflower Loop  Lewes, DE 19958

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  • Updated 2 days ago
  • 5
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Listed by Northrop Realty, FRANCIS ESPARZA

Recent Sales near 20905 Coastal Hwy

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38312 James A St, Rehoboth Beach, DE 19971 - Photo 1 Sold
$1,400,000

38312 James A St  Rehoboth Beach, DE 19971

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1602 Bayard Ave, Dewey Beach, DE 19971 - Photo 1 Sold
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1602 Bayard Ave  Dewey Beach, DE 19971

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Sold by Jack Lingo - Rehoboth, SHAUN TULL
20690 Tradewinds Ct, Rehoboth Beach, DE 19971 - Photo 1 Sold
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20690 Tradewinds Ct  Rehoboth Beach, DE 19971

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Sold by Compass, Parker A McCarthy
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109 Read Ave  Dewey Beach, DE 19971

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  • 4
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  • 1,910
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Listed by RE/MAX Realty Group Rehoboth, Debbie Reed and RE/MAX Realty Group Rehoboth, AMY WARICK
Sold by Samson Properties of DE, LLC, Joseph Cusato

20905 Coastal Highway, Rehoboth Beach, DE 19971 (MLS# DESU2105610) is a Apartment property that was sold at $1,275,000 on July 21, 2026. Want to learn more about 20905 Coastal Highway? Do you have questions about finding other Apartment 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.