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$419,900 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,064 Sq. Ft.
  • Updated 5 hours ago
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Proven Income Producer - Turnkey Coastal Retreat! If you're searching for a remarkable beach investment with immediate income potential, this beautifully renovated first-floor condo is a rare opportunity. In 2025 alone the property generated over $32,000 in rental income-and that figure was reduced due to a long-term renter occupying part of the season. The home has been completely refreshed and thoughtfully redesigned, featuring a brand-new kitchen, stylish tile-surround bathrooms, and designer furnishings throughout. Even better, all furniture conveys, making this a truly turnkey investment or effortless second home. Major updates provide added peace of mind, including a new HVAC system installed in 2025, allowing owners and guests to enjoy comfort year-round. Step onto the screened porch overlooking the community pool, the perfect spot to sip your morning coffee or unwind with a glass of wine after a day at the beach. Ideally located with easy access to Route 1, tax-free outlet shopping, restaurants, and Delaware's beautiful beaches, and just moments from the bike trail, this home blends convenience with coastal charm. The first-floor location offers easy accessibility for owners and guests alike. Whether you're looking for a proven income-producing property or a coastal getaway that helps pay for itself, this one truly stands out. EASY TO SHOW

Full Property Details for 36525 Palm Dr #5103

General

  • Price: $419,900
  • HOA FEE: $267/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $539 (2025)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2106504
  • Updated: Today (3/13/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 9
  • Rooms/Areas: Bedroom 2, Kitchen, Breakfast Room, Bedroom 1, Great Room, Laundry, Bathroom 1, Bathroom 2, Screened Porch
  • Interior Features: Ceiling Fan(s), Dining Area, Floor Plan - Open, Wood Floors, Window Treatments, Upgraded Countertops, Kitchen - Island
  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Oven - Single, Oven - Self Cleaning, Oven/Range - Electric, Stainless Steel Appliances, Washer, Water Heater
  • Furnished: Yes
  • Flooring: Ceramic Tile, Hardwood, Luxury Vinyl Plank

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main & Up: 2

Other Rooms

  • Laundry: Main Floor

Additional Information

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

Exterior

  • Porch/Patio/Deck: Porch(es), Screened

Parking

  • Total Spaces: 2
  • Parking Features: Paved Parking
  • Parking Type: Parking Lot

Location

  • Area: Lewes Rehoboth Hundred (31009)
  • County: SUSSEX
  • Subdivision: THE PALMS
  • Cross Streets: Route 1
  • Driving Directions: 1 South, right onto Palm Drive, on your right
  • Direction Faces: Southwest

School Information

  • School District: Cape Henlopen
  • High School: Cape Henlopen

Community

  • Assoc. Fees Include: Trash, Pool(s), Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance
  • Pets Allowed: Yes
  • Pets: Dogs OK, Cats OK

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

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

Structural Information

  • Architectural Style: Unit/Flat
  • Structure Type: Garden 1 - 4 Floors
  • Construction: Vinyl Siding, Stick Built
  • Roof: Architectural Shingle
  • Walls/Ceilings: Dry Wall
  • Entry Floor Number: 1
  • Stories/Levels: 3
  • Stories Description: Main
  • Square Feet: 1,064
  • Sq. Ft. Source: Estimated
  • Living Area: 1,064 Sq. Ft.
  • Finished Above Grnd: 1,064 Sq. Ft.
  • Year Built: 2003
  • Year Built Source: Estimated
  • Property Condition: Excellent

Lot Features

  • Property View: Pond, Garden/Lawn
  • Zoning: MR

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $394.64
  • Condo Fee: $800
  • Condo Fee Freq: Quarterly
  • Assessment Year: 2025
  • School Tax: $484
  • County Tax: $55
  • County Tax Freq: Annually
  • Tax w/Assessment: $255,000
  • Tax Amount: $539
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes
  • Inclusions: All furniture, kitchen items and misc. items

Listed by Iron Valley Real Estate at The Beach, Laurie N. Ferris

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Listing agent

— 36525 Palm Dr #5103 —

  • Laurie N. Ferris

    Iron Valley Real Estate at The Beach

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 36525 Palm Dr #5103

School District:Cape Henlopen School District
NameGradesDistance
Rehoboth Elementary School
500 Stockley Street, Rehoboth Beach, DE 19971
PK-61.5 mi
Beacon Middle School
19483 John J Williams Highway, Lewes, DE 19958
4-81.9 mi
Cape Henlopen High School
1250 Kings Highway, Lewes, DE 19958
8-123.4 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 36525 Palm Dr #5103 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/13/2026
Listed
$419,900
1649.58%
MLS
6/10/2021
Sold
$24,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 36525 Palm Dr #5103

Year
Property Taxes
Change
Tax Assessment
Change
2025
$539
-17%
$12,650
—
2023
$648
4%
$12,650
—
2022
$625
1%
$12,650
—
2021
$619
—
$12,650
—
2020
$617
—
$12,650
-4%
2019
$618
7%
$13,150
—
2018
$577
4%
$13,150
—
2017
$553
5%
$13,150
—
2016
$525
5%
$13,150
—
2015
$502
1%
$13,150
—
2014
$498
3%
$13,150
—
2013
$484
—
$13,150
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 36525 Palm Dr #5103

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Iron Valley Real Estate at The Beach, Laurie N. Ferris

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36525 Palm Drive #5103, Rehoboth Beach, DE 19971 (MLS# DESU2106504) is a Condo property with 2 bedrooms and 2 full bathrooms. 36525 Palm Drive #5103 is currently listed for $419,900 and was received on March 13, 2026. Want to learn more about 36525 Palm Drive #5103? 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.

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