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About This Home

This 3-bedroom, 2-bathroom single family at 502 5TH Street in Rehoboth Beach, DE is listed for $399,900 ($275 per sqft). Built in 1980, the home offers 1,456 sqft of living space on a 0.23 acres lot.

Agent 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 manufactured 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.

Key Features

  • Built in 1980
  • 0.23 acre lot
  • Fireplace

Property Details

1 story
1 full, 1 half
1980

Amenities

FireplaceA/C

Monthly Cost Estimate

$2,139/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,733
Insurance$117

Estimates only. Actual payments may vary.

Location

502 5TH Street

Rehoboth Beach, DE 19971

TRU VALE ACRES

Property Details

Construction

Modular/Manufactured

Parking

Driveway

Heating

Heat Pump (Heating)

Cooling

Central Air

Questions & Answers

This 3-bedroom, 2-bathroom single family at 502 5TH Street is listed at $399,900 ($275/sqft). The estimated monthly payment is $1,733 based on 20% down at 6.5% interest.

Key features include: Built in 1980, 0.23 acre lot, Fireplace.

This property is listed by Jeffrey Fowler-Gray and can be reached at 3027273013 or jeffrey@jeffreyfowler.com.

JF

Jeffrey Fowler-Gray

Agent at Keller Williams Realty

(302) 727-3013

Listed by Keller Williams Realty · View on Broker Site

MLS# DESU2109908· Source: listhub· Updated 1 days ago

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.

502 5TH Street, Rehoboth Beach, DE 19971

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