36525 Palm Drive #5103, REHOBOTH BEACH, DE

$419,900

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2

Beds

2

Baths

1,064

Square feet

About 36525 Palm Drive #5103

Proven Income Producer – Turnkey Coastal Retreat! If you’re searching for a remarkable beach investment with immediate income potential, this beautifully renovated first-floor condo is a rare opportunity. In 2025 alone the property generated over $32,000 in rental income—and that figure was reduced due to a long-term renter occupying part of the season. The home has been completely refreshed and thoughtfully redesigned, featuring a brand-new kitchen, stylish tile-surround bathrooms, and designer furnishings throughout. Even better, all furniture conveys, making this a truly turnkey investment or effortless second home. Major updates provide added peace of mind, including a new HVAC system installed in 2025, allowing owners and guests to enjoy comfort year-round. Step onto the screened porch overlooking the community pool, the perfect spot to sip your morning coffee or unwind with a glass of wine after a day at the beach. Ideally located with easy access to Route 1, tax-free outlet shopping, restaurants, and Delaware’s beautiful beaches, and just moments from the bike trail, this home blends convenience with coastal charm. The first-floor location offers easy accessibility for owners and guests alike. Whether you’re looking for a proven income-producing property or a coastal getaway that helps pay for itself, this one truly stands out. EASY TO SHOW

Features of 36525 Palm Drive #5103

MLS® # DESU2106504
Price $419,900
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 1,064
Year Built 2003
Type Residential
Sub-Type Condominium,Unit/Flat/Apartment,Garden 1 - 4 Floors
Style Unit/Flat
Status Pending

Community Information

Address 36525 Palm Drive #5103
Area Lewes Rehoboth Hundred
Subdivision THE PALMS
City REHOBOTH BEACH
County SUSSEX-DE
State DE
Zip Code 19971

Amenities

Amenities Ceiling Fan(s), Wood Floors, Window Treatments, Upgraded Countertops
Utilities Electric Available, Cable TV Available
Parking Paved Parking
View Pond, Garden/Lawn
Is Waterfront No
Has Pool Yes

Interior

Interior Features Floor Plan - Open,Unit/Flat
Appliances Built-In Microwave, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Oven - Single, Oven - Self Cleaning, Oven/Range - Electric, Stainless Steel Appliances, Washer, Water Heater
Heating Forced Air
Cooling Central A/C
Fireplace No
# of Stories 3
Stories 1
Has Basement No

Exterior

Exterior Vinyl Siding
Exterior Features Porch(es),Screened
Roof Architectural Shingle
Construction Vinyl Siding, Stick Built

School Information

District CAPE HENLOPEN
High CAPE HENLOPEN

Additional Information

Date Listed March 13th, 2026
Days on Market 19
Zoning MR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

Listing Map

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