About This Home

This 1-bedroom, 1-bathroom condo at 1 READ Avenue #116D in Dewey Beach, DE is listed for $65,000 ($184 per sqft). Built in 1955, the home offers 354 sqft of living space on a N/A lot.

Key Features

  • Built in 1955
  • 1 parking spaces
  • Waterfront

Property Details

1 story
1 full
1 space
#116D
1955

Amenities

Waterfront
Listing Description

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!

Monthly Cost Estimate

$783/mo

20% down · 6.5% · 30 years

Principal$47
Interest$282
Insurance$19
HOA$435

Estimates only. Actual payments may vary.

Location

1 READ Avenue #116D

Dewey Beach, DE 19971

NONE AVAILABLE

Features & Amenities

Interior Features

Ceiling Fan(s)Dining AreaFloor Plan - OpenKitchenetteRecessed Lighting

Property Details

Construction

Frame Stick Built

Parking

AssignedGarage

Heating

Other (Heating)

Cooling

Ductless

Appliances

CooktopMicrowaveRefrigerator

Questions & Answers

This 1-bedroom, 1-bathroom condo at 1 READ Avenue is listed at $65,000 ($184/sqft). The estimated monthly payment is $783 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $435/month.

Key features include: Built in 1955, 1 parking spaces, Waterfront. Interior Features: Ceiling Fan(s), Dining Area, Floor Plan - Open.

This property is listed by Brian K Barrows.

BB

Brian K Barrows

License RA-0020621

Agent at Ocean Atlantic Sotheby's International Realty

Listed by Ocean Atlantic Sotheby's International Realty · Broker phone: (302) 542-6610 · View on Broker Site · Broker website

MLS# DESU2122792· Source: Bright MLS· 7 days on PropertySimple

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1 READ Avenue #116D, Dewey Beach, DE 19971

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