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$910,000

  • Sold
  • Closed
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 750 Sq. Ft.
  • 1 Car Garage
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Ocean View - Ocean Block & Rarely Offered - MOTIVATED SELLER! 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 SS 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. In the dining area you will note a beautiful 16ft floor to ceiling window allowing a lot of natural lighting to flow in. On the first floor there is also a nice sized storage/pantry closet. The Fireplace will keep you warm on the cooler evenings and add a nice touch of ambiance. Where the fireplace is located offers additional storage as well. The 2nd floor offers a primary bedroom w/ full bath along with a covered balcony overlooking the courtyard with Koi pond and also the ability to enjoy sunset views. Enjoy the 2nd covered balcony on the upper level with a great view of the Atlantic Ocean and the famous Rehoboth Beach Boardwalk. Guest bedroom with access to the hall bath. Both bathrooms have been updated. New electric box - 2 zone heating and AC have been within the last 3 years. 4 Storm Shutters were added to protect you from the elements or simply as added protection through a storm. Freshly painted! Enjoy one parking space in the secure underground heated 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

  • Sold For: $910,000
  • HOA FEE: $1,097/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $2,342 (2025)
  • Status: Closed
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2107836
  • Added to Site: 138 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

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
  • Subdivision: NORTH REHOBOTH
  • Building Name: Patrician Towers
  • Driving Directions: GPS Directions
  • Direction Faces: North
  • Location Details: Downtown
  • 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, Sewer
  • 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

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

Water Features

  • Water View: Yes
  • Navigable Water: Yes
  • Water Access: Yes
  • Water Front Type: Ocean
  • Water Front Name: Atlantic Ocean

Financial Considerations

  • Price Per Sq. Ft.: $1,299.87
  • 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
  • Terms: Standard Sale
  • Tax Total Finished Sq. Ft.: 750

Disclosures and Reports

  • Ownership: Fee Simple
  • Condo: Yes
  • Inclusions: See Inclusion list attached
  • Lot Number: 86

Listed by Dave McCarthy & Associates, Inc., Kim Hitchens
Sold by Crowley Associates Realty, Regina White

Listing agent

— 8 Olive Ave #111 —

  • Kim Hitchens

    Dave McCarthy & Associates, Inc.

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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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

Date
Details
Price
Change
Source
6/24/2026
Sold
$910,000
-6.66%
MLS
5/29/2026
Price Reduced
$974,900
-2.3%
MLS
4/13/2026
Price Reduced
$997,900
-11.3%
MLS
3/23/2026
Listed
$1,125,000
—
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 Dave McCarthy & Associates, Inc., Kim Hitchens
Sold by Crowley Associates Realty, Regina White

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8 Olive Avenue #111, Rehoboth Beach, DE 19971 (MLS# DESU2107836) is a Condo property that was sold at $910,000 on June 24, 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.