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$399,900

  • Sold
  • Closed
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,064 Sq. Ft.
See This Home
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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

  • Sold For: $399,900
  • HOA FEE: $267/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $539 (2025)
  • Status: Closed
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2106504
  • Added to Site: 68 day(s) ago

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
  • Terms: Standard Sale

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
Sold by Iron Valley Real Estate at The Beach, AMY HAMER CZYZIA

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

Date
Details
Price
Change
Source
5/01/2026
Sold
$399,900
-4.76%
MLS
3/13/2026
Listed
$419,900
—
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, Laurie N. Ferris
Sold by Iron Valley Real Estate at The Beach, AMY HAMER CZYZIA

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36525 Palm Drive #5103, Rehoboth Beach, DE 19971 (MLS# DESU2106504) is a Condo property that was sold at $399,900 on May 01, 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.