About 502 5th St
Don’t miss this opportunity to own property east of Route 1 in Rehoboth Beach! This three-bedroom, one-and-a-half-bath ranch home offers excellent potential for renovation or redevelopment in a highly desirable location close to shopping, dining, and the beach. The nearby Wolfe Neck Trail provides convenient access for walking or biking into both Lewes and Rehoboth Beach, making this location especially attractive for outdoor enthusiasts ????♀️????. For investors or builders, the property presents additional possibilities. Subject to approvals, there is potential to re-establish the property line, remove the existing home, and construct two new homes—an excellent redevelopment opportunity in an area experiencing continued growth ????. There is no HOA, and the property is zoned to allow manufactured homes. Several newly constructed homes in the surrounding community are helping support increasing neighborhood value, making this an appealing option for homeowners, investors, or builders alike. The property is being sold AS IS.
Features of 502 5th St
| MLS® # | DESU2109908 |
|---|---|
| Price | $389,900 |
| Bedrooms | 3 |
| Bathrooms | 1.50 |
| Full Baths | 1 |
| Half Baths | 1 |
| Square Footage | 1,456 |
| Acres | 0.23 |
| Year Built | 1980 |
| Type | Residential |
| Sub-Type | Manufactured |
| Style | Ranch/Rambler, Double Wide |
| Status | Active |
Community Information
| Address | 502 5th St |
|---|---|
| Area | Lewes Rehoboth Hundred |
| Subdivision | TRU VALE ACRES |
| City | REHOBOTH BEACH |
| County | SUSSEX-DE |
| State | DE |
| Zip Code | 19971 |
Amenities
| Utilities | Cable TV |
|---|---|
| Parking | Concrete Driveway |
| Is Waterfront | No |
Interior
| Heating | Heat Pump(s) |
|---|---|
| Cooling | Central A/C |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Stories | 1 |
| Has Basement | No |
Exterior
| Exterior | Modular/Manufactured |
|---|---|
| Exterior Features | Outbuilding(s) |
| Lot Description | Level |
| Construction | Modular/Manufactured |
| Foundation | Crawl Space |
School Information
| District | CAPE HENLOPEN |
|---|
Additional Information
| Date Listed | May 31st, 2026 |
|---|---|
| Days on Market | 52 |
| Zoning | GR |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty |
|---|---|
| Contact Info | (302) 360-0300 |