$1,799,000

SELLER IS REQUESTING HIGHEST & BEST OFFERS TO BE SUBMITTED BY TUESDAY 10.6.2026 BY 5PM. Seller reserves the right to accept an offer prior to the deadline. Bring your imagination and plans to create your own beach retreat here! A rare opportunity in the heart of South Rehoboth, just 2.5 blocks to the beach and approximately 5 blocks south of Rehoboth Avenue. This property offers an especially valuable combination: two existing dwellings with two rental licenses on one property, creating options that may be difficult to replicate under current City requirements. The property includes a 4-bedroom, 2-bath main house and a detached one-bedroom garage apartment, with garage and storage space on the first level and the apartment above. Both residences feature screened porches, a quintessential Rehoboth feature that extends the living space and embraces the relaxed beach lifestyle. The existing homes are older and are being offered in as-is condition, with significant renovation and updating anticipated. The opportunity here is about location, existing improvements and the potential value of preserving a property with two separate dwellings and two existing rental licenses. For many buyers, renovation and rehabilitation may offer the most compelling path forward, allowing the character and existing configuration of the property to be reimagined while potentially retaining the benefits associated with the two residences and rental licenses. Buyers considering demolition or substantial redevelopment should independently verify zoning, rental-license requirements and redevelopment options directly with the City of Rehoboth Beach, as removal of the existing structures may affect the ability to maintain two rental licenses. Whether envisioned as an investment property, a beach retreat with separate guest accommodations, or a thoughtful renovation of two classic Rehoboth residences, this presents an unusual opportunity in one of the city's most desirable in-town locations. Walk to the ocean in minutes, enjoy everything downtown Rehoboth has to offer, and return to a quiet residential street tucked just south of the Avenue. Location, two dwellings, two rental licenses—and an opportunity to create what comes next.