$389,900
502 5th St, Rehoboth Beach, DE, 19971
3
Beds
1½
Baths
1,456
Square feet
0.23
Acres
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.
Listing Details
| Office | Keller Williams Realty |
|---|
Facts & Features
| MLS® # | DESU2109908 |
|---|---|
| Price | $389,900 |
| Bedrooms | 3 |
| Bathrooms | 1.50 |
| Full Baths | 1 |
| Half Baths | 1 |
| Square Footage | 1,456 |
| Acres | 0.23 |
| Year Built | 1980 |
| Type | Residential |
| Sub-Type | Manufactured |
| Style | Ranch/Rambler, Double Wide |
| Status | Active |
Community Information
| Address | 502 5th St |
|---|---|
| Area | Lewes Rehoboth Hundred |
| Subdivision | TRU VALE ACRES |
| City | Rehoboth Beach |
| County | SUSSEX-DE |
| State | DE |
| Zip Code | 19971 |
| Senior Community | No |
Amenities
| Utilities | Cable TV |
|---|---|
| Parking | Concrete Driveway |
| Is Waterfront | No |
Interior
| Heating | Heat Pump(s) |
|---|---|
| Cooling | Central A/C |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Stories | 1 |
Exterior
| Exterior | Modular/Manufactured |
|---|---|
| Exterior Features | Outbuilding(s) |
| Lot Description | Level |
| Construction | Modular/Manufactured |
| Foundation | Crawl Space |
| Other Structures | 10000001172,10000001174 |
School Information
| District | CAPE HENLOPEN |
|---|
Additional Information
| Date Listed | May 31st, 2026 |
|---|---|
| Days on Market | 97 |
| Zoning | GR |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |