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$63,000
315 - 1 Read Ave, Dewey Beach, DE
Condo
For Sale
$--,---,---
110
- Key Facts
- Description
- Rooms
- Map
Key Facts
Type Apartment
Levels Residential
Size 354 sqft
Garage Yes
Maintenance Fees
Taxes $442
Days Active 49
Approx. Age 1955
Avg. Price Per Sqft $177
MLS® Number DESU2091248
Property Address:
Average square foot calculated using Size range provided by listing agent.
Description
🌊 MAJOR PRICE IMPROVEMENT! UNMATCHED OPPORTUNITY! NOW OFFERED AT $63, 000 FOR OCEANFRONT OWNERSHIP + RENTAL INCOME OPPORTUNITY! 🌊 Imagine waking up to the sound of waves, stepping outside, and walking directly onto the sand. Enjoy morning strolls along the shoreline, afternoons soaking up the sun, and evening walks under glowing sunsets — all without having to drive anywhere or fight for parking. 🌊 Welcome to The Surf Club, where OCEANFRONT LIVING MEETS FLEXIBILITY, INCOME POTENTIAL, AND HASSLE-FREE OWNERSHIP — and all without spending millions of dollars. 🌊 This beautifully maintained 1-BEDROOM, 1-BATH CONDO comfortably SLEEPS FIVE thanks to a KING-SIZED BED, a QUEEN-SIZED SLEEPER SOFA, and a VERSATILE SLEEPING BENCH — making it perfect for families, guests, or maximizing rental potential. You'll enjoy 13 WEEKS OF DEEDED OWNERSHIP each year — this is NOT A TIMESHARE! 🌊 This unit is part of the highly desirable STANDARD OCEAN VIEW (SOV) category — one of only nine SOV units in the building. Its elevated position offers BETTER VIEWS, MORE PRIVACY, AND HIGHER RENTAL DEMAND compared to lower-level or less desirable units. 🌊 FLEXIBLE RENTAL PROGRAM: At the beginning of each year, owners choose which weeks to USE and which to RENT. Any weeks placed into the SOV RENTAL POOL earn income based on the total rentals for your room category that week. 🌊 If you’re the only owner renting, you keep 100% OF YOUR UNIT’S PROFITS. If multiple SOV units are rented, profits are divided equally among those owners. 🌊 Nightly rental rates are market-driven, and on-site professional management — the same team that operates the HYATT at the Rusty Rudder — handles bookings, cleanings, maintenance, utilities, taxes, and insurance. You can also switch plans last minute: if you originally planned to use your week but can’t, you can make it available for rental. Likewise, if you planned to rent but decide you want to come, you can — as long as your unit or another available SOV is open. 🌊 With SUMMER WEEKS TYPICALLY BOOKED, this property offers a RARE OPPORTUNITY to enjoy GUARANTEED VACATION TIME and PASSIVE INCOME — without the stress of managing a rental. Spend your mornings sipping coffee on your balcony, your afternoons on the sand, and your evenings strolling to Dewey’s best restaurants, live music, and nightlife — all just steps away. And when you want to explore, hop on the Jolly Trolley for a quick ride into Rehoboth. 🌊 This isn’t just oceanfront ownership — it’s the ultimate Delaware beach lifestyle combined with a smart investment opportunity. With its prime SOV location, sleeping capacity for five, flexible rental income, and professional management, this condo delivers the best of both worlds. All of this can be yours for the price of a car! Offers are welcomed!Show Description
MLS® NumberDESU2091248
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorOutside Shower
GarageYes
Approx. Age1955
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatWall Unit, Electric
A/CDuctless/Mini-Split, Wall Unit, Electric
Heating Fuel
Extras
Everything seen! Furniture, bedding, linens, silverware, dishware, glasses.
Rooms
Other:Not available
Kitchen:Not available
Bedroom 1:Not available
Dining Room:Not available
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