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$1,125,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 750 Sq. Ft.
  • 1 Car Garage
  • Updated 21 hours ago
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Rarely on the market this 2 bedroom, 2 bath condo is ready for it's new owner. Located on the first floor, this unit can be accessed through the lobby, or through a secondary entrance located on the side of the building. The first floor condo is offering a updated kitchen with Stainless appliances, quartz countertops & undercounter LED lighting, dining & living area with fireplace and also a Queen size murphy bed along with a great patio area off the living area. On the first floor there is also a nice sized storage area/pantry. Where the fireplace is located it offer additional storage as well. The second floor offers a primary bedroom with full bath along with a quest bedroom with hall bath. Both bathrooms have been updated. Enjoy one parking space in the secure underground garage. Patrician Towers has a welcoming courtyard with Koi pond, a great place to gather with friends and family before an evening out. After a day on the beach, take the elevator up to the roof top pool with panoramic views of the ocean, boardwalk and the city. Sunrises and sunsets from there are not to be missed. If you enjoy biking, Rehoboth is home to the Breakwater Junction Trail, known for its natural beauty and proximity to historic Lewes and beyond. Bike storage is located in the garage. In recent years, Patrician Towers has undergone major renovations to the building to maintain its structural integrity, improve appearance and protect the investment of its owners. These include new aluminum awnings; aluminum railings, balcony and walkway coating; brick pointing; concrete repairs; caulking; soffit coatings; drip edge replacement and more! All phases were completed prior to May, 2023. There is a 1% Capital Contribution Fee at the time of closing.

Full Property Details for 8 Olive Ave #111

General

  • Price: $1,125,000
  • HOA FEE: $1,097/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $2,342 (2025)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2107836
  • Updated: 3/23/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Bathroom - Tub Shower, Bathroom - Walk-In Shower, Built-Ins, Ceiling Fan(s), Combination Dining/Living, Dining Area, Kitchen - Efficiency, Recessed Lighting, Upgraded Countertops, Window Treatments
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Electric, Heatilator
  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Exhaust Fan, Refrigerator, Water Heater

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Upper: 2

Additional Information

  • Shared Amenities: Common Grounds, Elevator, Fencing, Laundry Facilities, Pool - Outdoor, Security
  • Shared Pool: Yes
  • Pool: Yes
  • Security/Safety: Main Entrance Lock, Monitored, Security Gate

Exterior

  • Exterior Features: Sidewalks, Street Lights, Underground Lawn Sprinkler

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Type: Parking Garage
  • Garage Description: Inside Access

Location

  • Area: Lewes Rehoboth Hundred (31009)
  • County: SUSSEX
  • Building Name: Patrician Towers
  • Driving Directions: GPS Directions
  • Direction Faces: North
  • City Limits: Yes

School Information

  • School District: Cape Henlopen

Community

  • Assoc. Fees Include: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pest Control, Pool(s), Reserve Funds, Water
  • Pets Allowed: Yes
  • Pets: Cats OK, Dogs OK

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Cooling Fuel: Geothermal
  • Heating Type: Central, Heat Pump(s)
  • Heating Fuel: Geo-thermal
  • Water Heater: Electric

Utilities

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

Structural Information

  • Architectural Style: Coastal
  • Structure Type: Mid-Rise 5 - 8 Floors
  • Construction: Block, Concrete
  • Entry Floor Number: 1
  • Stories Description: Upper 1
  • Square Feet: 750
  • Sq. Ft. Source: Assessor
  • Living Area: 750 Sq. Ft.
  • Finished Above Grnd: 750 Sq. Ft.
  • Year Built: 1970
  • Year Built Source: Assessor

Unit Information

  • Unit Floor in Bldg.: 2

Lot Features

  • Lot Size (Acres): 0.48
  • Lot Size (Sq. Ft.): 20,909
  • Lot Size Source: Assessor
  • Zoning: TN

Financial Considerations

  • Price Per Sq. Ft.: $1,500
  • Condo Fee: $3,290
  • Condo Fee Freq: Quarterly
  • Assessment Year: 2025
  • School Tax: $1,662
  • City/TownTax: $493
  • City/TownTax Freq: Annually
  • County Tax: $187
  • County Tax Freq: Annually
  • Tax Amount: $2,342
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 750

Disclosures and Reports

  • Ownership: Fee Simple
  • Condo: Yes
  • Lot Number: 86

Listed by Dave McCarthy & Associates, Inc., Kim Hitchens

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Listing agent

— 8 Olive Ave #111 —

  • Kim Hitchens

    Dave McCarthy & Associates, Inc.

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 8 Olive Ave #111

School District:Cape Henlopen School District
NameGradesDistance
Rehoboth Elementary School
500 Stockley Street, Rehoboth Beach, DE 19971
PK-60.9 mi
Beacon Middle School
19483 John J Williams Highway, Lewes, DE 19958
4-83.9 mi
Cape Henlopen High School
1250 Kings Highway, Lewes, DE 19958
8-124.8 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 8 Olive Ave #111 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/23/2026
Listed
$1,125,000
75.78%
MLS
12/09/2019
Sold
$640,000
—
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 8 Olive Ave #111

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,850
98%
$18,950
—
2023
$933
4%
$18,950
—
2022
$901
1%
$18,950
—
2021
$892
—
$18,950
—
2020
$890
73%
$18,950
—
2019
$513
6%
$18,950
—
2018
$484
4%
$18,950
—
2017
$466
3%
$18,950
—
2016
$453
4%
$18,950
—
2015
$435
2%
$18,950
—
2014
$427
3%
$18,950
—
2013
$416
—
$18,950
—
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 8 Olive Ave #111

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

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Listed by Dave McCarthy & Associates, Inc., Kim Hitchens

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8 Olive Avenue #111, Rehoboth Beach, DE 19971 (MLS# DESU2107836) is a Condo property with 2 bedrooms and 2 full bathrooms. 8 Olive Avenue #111 is currently listed for $1,125,000 and was received on March 23, 2026. Want to learn more about 8 Olive Avenue #111? 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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