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MLS: #DESU2115604, Listed By: Corey Harris, Crown Homes Real Estate, Source:Bright MLS

37519 Oyster House Road #1

REHOBOTH BEACH, DE 19971
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Bed 3

Bed

Bath 2

Bath

SqFt576

Sqft

Acres0.37

Acre(Lot)

APPROVED preliminary plans to build THREE, 5 bed 4 bath homes! East of route one and an easy walk to Rehoboth Ave. Discover a rare opportunity to own a fully renovated, income-producing Rehoboth Beach cottage while unlocking incredible development potential. This charming coastal retreat sits on nearly half an acre and features a beautifully updated main cottage along with a separate in-law suite—perfect for extended family or vacation guests. The property currently operates as a successful short-term rental, generating approximately $45,000 per summer, even with two weeks reserved for the owner’s family. Beyond its charm and consistent income, this property offers something truly special: C-1 zoning with preliminary approval already in place for three new 5-bedroom, 4-bath homes. Whether you’re an investor seeking steady cash flow while you plan your project, or a developer ready to take advantage of the area’s booming new construction market, this property checks every box. New development around the corner has sold homes exceeding of $1.6 million, proving the strong demand for high-end coastal living in this location. Situated just one lot from the Rehoboth-Lewes Canal, the property offers easy access to everything that makes Rehoboth Beach so desirable. A new city-approved bike path located about 40 feet away will soon connect directly to Rehoboth Avenue and the Boardwalk, allowing guests or future homeowners to enjoy the beach, dining, and shops without ever starting a car. Located outside of Rehoboth Beach city limits, the property falls under Sussex County jurisdiction—making the permitting process simpler, faster, and more cost-effective. And to make things even easier, the listing agent is a local builder and contractor who can complete the future builds for the new buyer. This is an exceptional opportunity to own a cash-flowing Rehoboth Beach classic with the potential to develop three new luxury homes in one of Delaware’s most coveted coastal destinations. Buyer to confirm all permitted land uses with Sussex County. Buyer to perform all due diligence on zoning, use, approvals, etc. Seller is a licensed Delaware real estate agent, builder/contractor.

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Detail Ic Property Details

Property Type : Residential

Price : $1,148,000

AD Id : 87744607

MLS Id : DESU2115604

Beds : 3

Lot Size : 0.37 Acre

Living Area Size : 576

Year Built : 1960

County : SUSSEX

Subdivision: None Available

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Basement: Crawl Space
  • Interior Features

    Appliances: Electric Water Heater, Instant Hot Water
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Forced Air Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 1960 Building Area Total: 576 Construction Materials: Other Patio And Porch Features: Deck Pool Features: None Private Pool: No View: Water, Canal

  • Lot Information

    Lot Dimensions: 75.00 x 219.00 Lot Size Acres: 0.37 Lot Size Source: Assessor Lot Size Square Feet: 16117

    Property Information

    Subdivision: NONE AVAILABLE Source Property Type: Residential Postal Code Plus 4: 1596 Property SubType: Single Family Residence Levels: One Property Age: 66

  • Listing Price Information

    Listing Price: $1148000

  • Tax Information

    Parcel Number: 334-19.08-24.00

  • Parking Information

    Driveway

  • Location Information

    Direction: From Rehoboth Ave, Right onto Church Rd, Left onto Oyster House WaterSource: Well
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
24 Houston Street, Rehoboth Beach, DE, 19971 $4,700,000 5 6 1,004 1,004 SqFt
21089 Elizabeth Avenue, Rehoboth Beach, DE, 19971 $1,799,000 2 1 812 812 SqFt
21095 Elizabeth Avenue, Rehoboth Beach, DE, 19971 $1,999,000 4 3 808 808 SqFt
16 Delaware Avenue, Rehoboth Beach, DE, 19971 $3,249,900 10 5 3,300 3,300 SqFt
505 King Charles Avenue, Rehoboth Beach, DE, 19971 $4,195,000 4 5 2,500 2,500 SqFt
109 Stockley Street, Rehoboth Beach, DE, 19971 $3,595,000 5 6 2,765 2,765 SqFt
38340 Josephine Street, Rehoboth Beach, DE, 19971 $1,975,000 5 5 3,514 3,514 SqFt
527 N Boardwalk #202, Rehoboth Beach, DE, 19971 $2,474,999 3 3 1,670 1,670 SqFt
38312 James A Street, Rehoboth Beach, DE, 19971 $1,475,000 4 4 2,320 2,320 SqFt
805 Bayard Avenue, Rehoboth Beach, DE, 19971 $3,899,000 5 6 --

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 07/18/2026 @ 22:37

MLS: DESU2115604 LISTED BY: Corey Harris, Crown Homes Real Estate 302-504-6147 SOURCE: Bright MLS

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