Active

MLS: #DESU2109908, Listed By: Jeffrey Fowler-Gray, Keller Williams Realty, Source:Bright MLS

502 5th Street

REHOBOTH BEACH, DE 19971

$399,900 $1,685/Mo

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Overview

Bed

Bath

1,456

Sqft

0.23

Acre(Lot)

Description

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 manufact ured 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. Buyer will not be able to settle until the home is out of Probation.

Property Details

Property Type : Residential

Price : $399,900

AD Id : 79613197

MLS Id : DESU2109908

Beds : 3

Lot Size : 0.23 Acre

Living Area Size : 1,456

Year Built : 1980

County : SUSSEX

Subdivision: Tru Vale Acres

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3

Bathroom Information

Total Baths: 2 Full Baths: 1 Half Baths: 1

Room Information

Rooms Total: 7 Basement: Crawl Space
Flooring Information

Laminate, Carpet
Heating & Cooling

Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Central Air, Electric

Building Information

Year Built: 1980 Building Area Total: 1456 Pool Features: None Private Pool: No

Lot Information

Lot Size Acres: 0.23 Lot Size Source: Estimated Lot Size Square Feet: 10019 Lot Description: Level

Property Information

Subdivision: TRU VALE ACRES Source Property Type: Residential Postal Code Plus 4: 9633 Property SubType: Manufactured Home Levels: One Property Age: 46

Listing Price Information

Listing Price: $399900

Tax Information

Parcel Number: 334-13.00-76.00 Tax Lot: 86 Tax Year: 2025 Annual Tax: $757

Parking Information

Parking Total: 4 Concrete, Driveway

Garage Information

Pets Allowed: Yes

Utility Information

Cable Available
Location Information

Direction: From RT 1, turn onto Munchy Branch, turn onto Midway Dr, turn right onto 5th St. The home is on the right. Sign in Yard. WaterSource: Well, Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
19958 Dodd Avenue #G-18, Rehoboth Beach, DE, 19971	$150,000	2	2	900	900 SqFt
19888 Atlantic Avenue, Rehoboth Beach, DE, 19971	$97,900	2	2	840	840 SqFt
28 Branchwood Drive #A-9, Rehoboth Beach, DE, 19971	$154,500	2	2	952	952 SqFt
47 Branchwood Drive, Rehoboth Beach, DE, 19971	$285,000	3	2	2,032	2,032 SqFt
19972 Atlantic Avenue #.., Rehoboth Beach, DE, 19971	$49,999	3	1	840	840 SqFt
20020 Delaware Avenue #.., Rehoboth Beach, DE, 19971	$168,000	3	2	1,120	1,120 SqFt
36259 Skyview Street, Rehoboth Beach, DE, 19971	$65,000	2	2	720	720 SqFt
36298 Marsh Road #204 S.., Rehoboth Beach, DE, 19971	$89,000	3	2	1,248	1,248 SqFt
20019 Golden Avenue, Rehoboth Beach, DE, 19971	$119,000	2	2	996	996 SqFt
18601 Myrtle Drive, Rehoboth Beach, DE, 19971	$449,900	3	2	1,736	1,736 SqFt

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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 06/07/2026 @ 01:37

MLS: DESU2109908 LISTED BY: Jeffrey Fowler-Gray, Keller Williams Realty 302-360-0300 SOURCE: Bright MLS