Sold

1 Read Street Unit 315, Dewey Beach, DE 19971

Bed
1
Bath
1
Sqft
354
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byMonument Sotheby's International Realty
  • 2
  • 0

Overview

๐ŸŒŠ MAJOR PRICE IMPROVEMENT! UNMATCHED OPPORTUNITY! NOW OFFERED AT $63,000 FOR OCEANFRONT OWNERSHIP + RENTAL INCOME OPPORTUNITY! ๐ŸŒŠ
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 โ€” all without having to drive anywhere or fight for parking. ๐ŸŒŠ Welcome to The Surf Club, where OCEANFRONT LIVING MEETS FLEXIBILITY, INCOME POTENTIAL, AND HASSLE-FREE OWNERSHIP โ€” and all without spending millions of dollars. ๐ŸŒŠ
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 โ€” making it perfect for families, guests, or maximizing rental potential. You'll enjoy 13 WEEKS OF DEEDED OWNERSHIP each year โ€” this is NOT A TIMESHARE! ๐ŸŒŠ

This unit is part of the highly desirable STANDARD OCEAN VIEW (SOV) category โ€” 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. ๐ŸŒŠ
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. ๐ŸŒŠ
If youโ€™re the only owner renting, you keep 100% OF YOUR UNITโ€™S PROFITS.
If multiple SOV units are rented, profits are divided equally among those owners. ๐ŸŒŠ
Nightly rental rates are market-driven, and on-site professional management โ€” the same team that operates the HYATT at the Rusty Rudder โ€” handles bookings, cleanings, maintenance, utilities, taxes, and insurance. You can also switch plans last minute: if you originally planned to use your week but canโ€™t, you can make it available for rental. Likewise, if you planned to rent but decide you want to come, you can โ€” as long as your unit or another available SOV is open. ๐ŸŒŠ
With SUMMER WEEKS TYPICALLY BOOKED, this property offers a RARE OPPORTUNITY to enjoy GUARANTEED VACATION TIME and PASSIVE INCOME โ€” 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 Deweyโ€™s best restaurants, live music, and nightlife โ€” all just steps away. And when you want to explore, hop on the Jolly Trolley for a quick ride into Rehoboth. ๐ŸŒŠ
This isnโ€™t just oceanfront ownership โ€” itโ€™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!

Location

Full feature list

Basic info

Property type
Condo/Co-op
Number of bedrooms
1
Number of bathrooms
1
Square feet
354
Year built
1955

Exterior features

Water view
Yes
Waterfront
Waterfront

Garage and parking

Garage parking spaces
1

Utilities

Heating
Electric
Cooling
Ceiling fan(s), Ductless, Wall unit(s), Electric
Sewer
Public sewer
Water
Public

Estimated monthly costs

HOA Fees
$435

Taxes

Tax Annual Amount (2024)
$442

Public schools

Loading

Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLSยฎ#: DESU2091248 Last checked: โ€ฆ

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Monument Sotheby's International Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ยฉ 2026 Bright MLS. All rights reserved.