1 Read Ave #116d, Dewey Beach, DE 19971
Local realty services provided by:CENTURY 21 Norris - Valley Forge
Listed by: brian k barrows, jennifer barrows
Office: monument sotheby's international realty
MLS#:DESU2122792
Source:BRIGHTMLS
Price summary
- Price:$65,000
- Price per sq. ft.:$183.62
About this home
UNMATCHED OPPORTUNITY! OCEANFRONT OWNERSHIP + RENTAL INCOME OPPORTUNITY!
Imagine waking up to the sound of waves, stepping outside, and walking directly onto the sand. Enjoy morning strolls along the shoreline, afternoons soaking up the sun, and evening walks under glowing sunsets — all without having to drive
anywhere or fight for parking.
Welcome to The Surf Club, where OCEANFRONT LIVING MEETS FLEXIBILITY, INCOME POTENTIAL, AND HASSLE-FREE OWNERSHIP — and all without spending millions of dollars. This beautifully maintained 1-BEDROOM, 1-BATH
CONDO comfortably SLEEPS FIVE thanks to a KING-SIZED BED, a QUEEN-SIZED SLEEPER SOFA, and a VERSATILE SLEEPING BENCH — making it perfect for families, guests, or maximizing rental potential.
You'll enjoy 13 WEEKS OF DEEDED OWNERSHIP each year — this is NOT A TIMESHARE! FLEXIBLE RENTAL PROGRAM: At the beginning of each year, owners choose which weeks to USE and which to RENT. Any weeks placed into the SOV RENTAL POOL earn income based on the total rentals for your room category that week. If you’re the only owner renting, you keep 100% OF YOUR UNIT’S PROFITS. If multiple SOV units are rented, profits are divided equally among those owners. Nightly rental rates are market-driven, and on-site professional management — the same team that operates the HYATT at the Rusty Rudder — handles bookings, cleanings, maintenance, utilities, taxes, and insurance. You can also switch plans last minute: if you originally planned to use your week but can’t, you can make it available for rental. Likewise, if you planned to rent but decide you want to come, you can — as long as your unit or another available SOV is open.
With SUMMER WEEKS TYPICALLY BOOKED, this property offers a RARE OPPORTUNITY to enjoy GUARANTEED VACATION TIME and PASSIVE INCOME — without the stress of managing a rental. Spend your mornings sipping coffee with a view, your afternoons on the sand, and your evenings strolling to Dewey’s best restaurants, live music, and nightlife — all just steps away. And when you want to explore, hop on the Jolly Trolley for a quick ride into Rehoboth. This isn’t just oceanfront ownership — it’s the ultimate Delaware beach lifestyle combined with a smart investment opportunity. With its prime SOV location, sleeping capacity for five, flexible rental income, and professional management, this condo delivers the best of both worlds. All of this can be yours for the price of a car!...
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Home facts
- Year built:1955
- Subdivision & Development:NONE AVAILABLE
- Listing ID #:DESU2122792
- Added:1 day(s) ago
- Updated:October 23, 2026 at 02:00 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Flooring:Luxury Vinyl Plank
- Dining Description:Dining Area
- Bathrooms Description:Full Bath
- Kitchen Description:Cooktop, Kitchenette, Microwave, Recessed Lighting, Refrigerator
- Bedroom Description:Primary Bedroom
- Living area:354 sq. ft.
Heating and cooling
- Cooling:Ductless/Mini-Split
- Heating:Electric, Wall Unit
Structure and exterior
- Year built:1955
- Building area:354 sq. ft.
- Lot Features:Oceanblock
- Construction Materials:Frame, Stick Built
- Exterior Features:Outside Shower
- Foundation Description:Concrete Perimeter
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$65,000
- Price per sq. ft.:$183.62
Features and amenities
- Amenities:Ceiling Fan(s), Desk in Lobby, Insulated Windows, Recessed Lighting
Parking
- Parking description:Assigned, Covered Parking, Parking Garage
- Garage:Yes
- Garage spaces:1
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