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 |
