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.
- 2
- 0
Overview
๐ MAJOR PRICE IMPROVEMENT! UNMATCHED OPPORTUNITY! NOW OFFERED AT $63,000 FOR OCEANFRONT OWNERSHIP + RENTAL INCOME OPPORTUNITY! ๐
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. ๐ Welcome to The Surf Club, where OCEANFRONT LIVING MEETS FLEXIBILITY, INCOME POTENTIAL, AND HASSLE-FREE OWNERSHIP โ and all without spending millions of dollars. ๐
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! ๐
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. ๐
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. ๐
If youโre the only owner renting, you keep 100% OF YOUR UNITโS PROFITS.
If multiple SOV units are rented, profits are divided equally among those owners. ๐
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 canโt, 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. ๐
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 Deweyโs 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. ๐
This isnโt just oceanfront ownership โ itโs 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
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: โฆ

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