Change Real Estate Presents:

21089 Elizabeth Avenue
Rehoboth Beach DE 19971

For Sale: $1,799,000.00 Active

List Date: 2026-05-21

Rehoboth Beach
2 bedrooms
1 bathrooms
812 build ft2
4,792 land ft2

About This Property

This charming ranch-style property is a rare find just a couple blocks away from the beach. The main house features 2 bedrooms, 1 bathroom, a spacious living room with a wood-burning fireplace, an updated eat-in kitchen, and an enclosed porch for summer relaxation. The main house has undergone significant updates in the past 5 to 10 years including a renovated kitchen and bathroom, refinished hardwood floors, new siding, gutters, and fascia. Situated on a 50 x 100 lot just outside the city limits, this property also includes a newly rebuilt 1 bedroom, 1 bathroom detached apartment with rental income potential. The apartment offers a living/dining combination on the first floor and a bedroom with a full bath on the upper level. With a driveway that fits five plus cars, parking will never be an issue for you or your tenants. The rental income generated in 2024 was $65,000 prior to the completion of the apartment, and the estimated income for the apartment alone ranges from $20,000 to $30,000. Whether you're looking for a new home near the beach or an investment property with great rental potential, this property is a fantastic opportunity not to be missed. Take advantage of this unique property and make it yours today! Agent is related to seller. Seller is a licensed real estate agent in the State of Delaware.

Listing Agent: George W Manolakos. Patterson-Schwartz-Brandywine 302-529-2690 georgesells@comcast.net

Virtual Tours / Videos

https://vt-idx.psre.com/BR11319

Property Features

Location Information
County:
Subdivision: ANN ACRES
click to open map in a new window
Interior Features
Appliances:
Interior:
Laundry:
Furnished: None
Flooring:
Water: Public
Cooling: Central A/C
Heating: Forced Air
Fireplaces: 1
Windows:
Utilities: Above Ground
Sewer: Public Sewer
Exterior Features
Year Built: 1957
Legal Subdivision: Ann Acres
Subdivision Name: Ann Acres
Schools
Elementary School: None
Junior High School: None
High School: Cape Henlopen

IDXListing Courtesy of George W Manolakos. Patterson-Schwartz-Brandywine 302-529-2690 georgesells@comcast.net

Property Photos [Click to enlarge]

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This content was last refreshed on 2026-06-24 02:56 AM. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

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