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$375,000 -$14,900 (-3.82%) Price Reduced

  • For Sale
  • Active
  • Lots/Land
  • 0.23 Acres
  • Updated 2 hours ago
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Don't miss this opportunity to own property east of Route 1 in Rehoboth Beach!h🌿. For investors or builders, the property presents additional possibilities. There is potential to re-establish the property line, remove the existing home, and construct two new homes-an excellent redevelopment opportunity in an area experiencing continued growth 📈. There is a home presently situated on both lots. It could be turned to open the second lot or removed. There is no HOA, and the property is zoned to allow manufactured homes, modular, and stick-built. Several newly constructed homes in the community are helping support increasing neighborhood value, making this an appealing option for homeowners, investors, or builders alike. The property is being sold AS IS. Public water and sewer are there. The one lot has a well.

Full Property Details for 502 5th St

General

  • Price: $375,000
  • Taxes: $757 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2116402
  • Updated: 10/10/2026
  • Added to Site: 85 day(s) ago

Location

  • Area: Lewes Rehoboth Hundred (31009)
  • County: SUSSEX
  • Subdivision: TRU VALE ACRES
  • Driving Directions: From RT 1, turn onto Munchy Branch, turn onto Midway Dr, turn right onto 5th St. The home is on the right. Sign in Yard.

School Information

  • School District: Cape Henlopen

Utilities

  • Sewer: Public Sewer
  • Water: Public, Well
  • Utility Description: Cable TV

Structural Information

  • Current Bldg. Use: Residential

Lot Features

  • Lot Size (Acres): 0.23
  • Lot Size (Sq. Ft.): 10,019
  • Lot Size Source: Estimated
  • Zoning: GR
  • Lot Description: Level

Financial Considerations

  • Price Per Sq. Ft.: $37.43
  • School Tax: $680
  • County Tax: $77
  • County Tax Freq: Annually
  • Tax Amount: $757
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Inclusions: What is left in the home and shed.

Listed by Keller Williams Realty, Cindy J Sakowski

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Listing agent

— 502 5th St —

  • Cindy J Sakowski

    Keller Williams Realty

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 502 5th St

School District:Cape Henlopen School District
NameGradesDistance
Rehoboth Elementary School
500 Stockley Street, Rehoboth Beach, DE 19971
PK-62.5 mi
Cape Henlopen High School
1250 Kings Highway, Lewes, DE 19958
8-122.3 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 502 5th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/10/2026
Price Reduced
$375,000
-3.82%
MLS
7/17/2026
Listed
$389,900
—
MLS
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 502 5th St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$754
65%
$10,600
—
2025
$456
48%
$10,600
—
2023
$309
5%
$10,600
—
2022
$293
1%
$10,600
—
2021
$289
1%
$10,600
—
2020
$286
—
$10,600
—
2019
$287
6%
$10,600
—
2018
$271
4%
$10,600
—
2017
$261
3%
$10,600
—
2016
$253
4%
$10,600
—
2015
$243
2%
$10,600
—
2014
$239
3%
$10,600
—
2013
$232
—
$10,600
—
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 502 5th St

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Realty, Cindy J Sakowski

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502 5th Street, Rehoboth Beach, DE 19971 (MLS# DESU2116402) is a Lots/Land property with a lot size of 0.23 acres. 502 5th Street is currently listed for $375,000 and was received on July 17, 2026. Want to learn more about 502 5th Street? Do you have questions about finding other Lots/Land 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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