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$499,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 500 Sq. Ft.
  • Updated 1 day ago
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LOCATION, LOCATION, LOCATION! Welcome to Patrician Towers in Rehoboth Beach, DE, where coastal charm meets an unbeatable ocean-block location that truly sets it apart. Just a short distance from the beach and boardwalk, this fully furnished corner unit offers an unparalleled beachside experience. Featuring two balconies and three sets of sliding glass doors, this bright and inviting condo seamlessly blends indoor and outdoor living, perfect for enjoying the coastal breeze and morning coffee. The light-filled living and dining area creates a warm and welcoming space for your dream retreat. Patrician Towers boasts a rooftop pool and sun deck with breathtaking panoramic views of the beach and boardwalk, offering the ultimate escape to relax and unwind. The front courtyard's tranquil koi pond with seating adds another serene retreat. Additional amenities include covered off-street garage parking, an elevator, on-site management, a laundry room, and outdoor facilities like sand showers and restrooms-all designed for your convenience. With Rehoboth's renowned restaurants, boutique shops, arcades, and scenic walking and biking trails just minutes away, this condo truly places you at the heart of everything extraordinary. Sellers are willing to offer $10,000 with an acceptable offer to buyer, for buyers choice of: closing cost assistance, rate buy down, furniture allowance, renovation allowance

Full Property Details for 8 Olive Ave #205

General

  • Price: $499,000
  • HOA FEE: $524/month
  • HOA FEE FREQ.: Annually
  • Taxes: $788 (2024)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2106556
  • Updated: 3/8/2026
  • Added to Site: 3 day(s) ago

Interior

  • Interior Features: Combination Dining/Living
  • Appliances: Dishwasher, Microwave, Refrigerator, Oven/Range - Electric
  • Furnished: Yes

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Baths: 1
  • Main - Full Baths: 1

Bedrooms

  • Total Bedrooms: 1
  • Bedrooms Main & Up: 1

Other Rooms

  • Laundry: Common

Additional Information

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

Exterior

  • Exterior Features: Outside Shower, Sidewalks
  • Porch/Patio/Deck: Balcony

Parking

  • Parking Type: Off Street

Location

  • Area: Lewes Rehoboth Hundred (31009)
  • County: SUSSEX
  • Subdivision: NORTH REHOBOTH
  • Building Name: Patrician Towers
  • Driving Directions: From Rehoboth Ave, slight left on Lake Ave, continue onto Maryland Ave, left on 2nd St, right on Olive Ave, cross over 1st St, building will be on the right.
  • City Limits: Yes

School Information

  • School District: Cape Henlopen

Community

  • Assoc. Fees Include: Custodial Services Maintenance, Ext Bldg Maint, Insurance, Management, Pest Control, Reserve Funds, Water
  • Pets Allowed: Yes
  • Pets: Cats OK, Dogs 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

Structural Information

  • Architectural Style: Coastal
  • Structure Type: Mid-Rise 5 - 8 Floors
  • Construction: Other
  • Entry Floor Number: 2
  • Stories Description: Main
  • Square Feet: 500
  • Sq. Ft. Source: Estimated
  • Living Area: 500 Sq. Ft.
  • Finished Above Grnd: 500 Sq. Ft.
  • Year Built: 1970
  • Year Built Source: Estimated

Lot Features

  • Zoning: R

Financial Considerations

  • Price Per Sq. Ft.: $998
  • Condo Fee: $6,290
  • Condo Fee Freq: Annually
  • Assessment Year: 2024
  • School Tax: $516
  • City/TownTax: $226
  • City/TownTax Freq: Annually
  • County Tax: $46
  • County Tax Freq: Annually
  • Tax w/Assessment: $11,500
  • Tax Amount: $788
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes
  • Exclusions: None
  • Inclusions: Property sold as seen.

Listed by Keller Williams Realty Delmarva, Sharon Y Daugherty

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Listing agent

— 8 Olive Ave #205 —

  • Sharon Y Daugherty

    Keller Williams Realty Delmarva

Listing Office Email: lwbunting@comcast.net

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 #205

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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8 Olive Ave #205 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/06/2026
Listed
$499,000
14.06%
MLS
8/28/2006
Sold
$437,500
—
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 #205

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,209
114%
$11,500
—
2023
$566
3%
$11,500
—
2022
$547
1%
$11,500
—
2021
$542
—
$11,500
—
2020
$540
—
$11,500
—
2019
$541
7%
$11,500
—
2018
$505
4%
$11,500
—
2017
$484
5%
$11,500
—
2016
$459
5%
$11,500
—
2015
$439
1%
$11,500
—
2014
$436
3%
$11,500
—
2013
$423
—
$11,500
—
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.

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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

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Listed by Keller Williams Realty Delmarva, Sharon Y Daugherty

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8 Olive Avenue #205, Rehoboth Beach, DE 19971 (MLS# DESU2106556) is a Condo property with 1 bedroom and 1 full bathroom. 8 Olive Avenue #205 is currently listed for $499,000 and was received on March 06, 2026. Want to learn more about 8 Olive Avenue #205? 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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