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8 Olive Avenue, Unit 111, Rehoboth Beach, DE 19971

$1,125,000
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ACTIVE
BEDS2 BATHS2 full SQUARE FEET750 MLS#DESU2107836
STATUSACTIVE PROPERTY TYPEResidential - Condominium SUBDIVISIONNORTH REHOBOTH SCHOOLCAPE HENLOPEN

Property Description

Ocean View - Ocean Block & Rarely Offered - this 2 bedroom, 2 bath condo is ready for it's new owner. Located on the first floor, this unit can be accessed through the lobby, or through a secondary entrance located on the side of the building. The first floor condo is offering a updated kitchen with SS appliances, quartz countertops & undercounter LED lighting, dining & living area with fireplace and also a Queen size murphy bed along with a great patio area off the living area. In the dining area you will note a beautiful 16ft floor to ceiling window allowing a lot of natural lighting to flow in. On the first floor there is also a nice sized storage/pantry closet. Where the fireplace is located offers additional storage as well. The 2nd floor offers a primary bedroom w/ full bath along with a covered balcony overlooking the courtyard with Koi pond and also the ability to enjoy sunset views. Enjoy the 2nd covered balcony on the upper level with a great view of the Atlantic Ocean and the famous Rehoboth Beach Boardwalk. Guest bedroom with access to the hall bath. Both bathrooms have been updated. New electric box - 2 zone heating and AC have been within the last 3 years. 4 Storm Shutters were added to protect you from the elements or simply as added protection through a storm. Freshly painted! Enjoy one parking space in the secure underground heated garage. Patrician Towers has a welcoming courtyard with Koi pond, a great place to gather with friends and family before an evening out. After a day on the beach, take the elevator up to the roof top pool with panoramic views of the ocean, boardwalk and the city. Sunrises and sunsets from there are not to be missed. If you enjoy biking, Rehoboth is home to the Breakwater Junction Trail, known for its natural beauty and proximity to historic Lewes and beyond. Bike storage is located in the garage. In recent years, Patrician Towers has undergone major renovations to the building to maintain its structural integrity, improve appearance and protect the investment of its owners. These include new aluminum awnings; aluminum railings, balcony and walkway coating; brick pointing; concrete repairs; caulking; soffit coatings; drip edge replacement and more! All phases were completed prior to May, 2023. There is a 1% Capital Contribution Fee at the time of closing.

8 Olive Avenue, Unit 111 | MLS# DESU2107836

This condo located at 8 Olive Avenue, Unit 111, Rehoboth Beach, DE 19971 is currently listed for sale with an asking price of $1,125,000. This property was built in 1970 and has 2 bedrooms and 2 full baths with 750 sq. ft. Olive Avenue, Unit 111 is located in the NORTH REHOBOTH subdivision within the CAPE HENLOPEN school district. Search NORTH REHOBOTH real estate on www.realtymarkllc.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Central A/C, Ceiling Fan(s)
Fireplaces: 1
Fuel Type: Geo-thermal
Garage: 1
Heating: Central, Heat Pump(s)
Home Style: Coastal
Lot Size: 0.48 Acres
Stories: 2.0
Taxes: $2,342
Year Built: 1970

Feature Descriptions

Additional Structures: Above Grade, Below Grade
Appliances: Built-In Microwave, Built-In Range, Dishwasher, Exhaust Fan, Refrigerator, Water Heater
Building Name: Patrician Towers
Community Amenities: Common Grounds, Elevator, Fencing, Laundry Facilities, Pool - Outdoor, Security
Condo/Coop Fee: $3290.00/Quarterly
Days on Site: 8
Exterior: Block, Concrete
Exterior: Sidewalks, Street Lights
Fireplace: Electric, Heatilator
Interior: Bathroom - Tub Shower, Bathroom - Walk-In Shower, Built-Ins, Ceiling Fan(s), Combination Dining/Living, Dining Area, Kitchen - Efficiency, Recessed Lighting, Upgraded Countertops, Window Treatments
Lake Name: Atlantic Ocean
Location: Downtown
Lot Dimensions: 0.48 Acre(S)
Parking Notes: 1 Total Parking Spaces
Pet Restrictions: Cats OK, Dogs OK
Sewer: Public Sewer
Special View Info: Ocean
SQFT Above Finished: 750
SQFT Total Finished: 750
Structure Type: Unit/Flat/Apartment
Total Garage/Parking Spaces: 1
Utilities: Cable TV
Water: Public

Local Schools

School District: CAPE HENLOPEN

Listed By / Shown By

Listed By

Agency Name: Dave McCarthy & Associates, Inc.
Agency Phone: 3024262080

Shown By

Agency Title: RealtyMark
Agency Phone: 888-240-0600

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Estimated Payment

$ 3,027.05 per month $2,503.76 Principal & Interest $195.17 Property Tax $328.13 Homeowner's Insurance

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All commissions are negotiable Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/01/2026. The listing information on this page last changed on 04/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 04/01/2026 5:48:49 AM EST) or Stellar MLS (last updated Wed 04/01/2026 1:58:51 AM EST) or GSMLS (last updated Wed 04/01/2026 12:23:56 AM EST) or Emerald Coast MLS (last updated Wed 04/01/2026 12:05:19 AM EST) or Central Panhandle Association of Realtors (last updated Wed 04/01/2026 1:17:16 AM EST) or Beaches MLS (last updated Wed 04/01/2026 2:36:07 AM EST) or Naples MLS (last updated Tue 03/31/2026 11:40:38 PM EST) or Bright MLS (last updated Wed 04/01/2026 12:14:29 AM EST) or OneKey MLS (last updated Wed 04/01/2026 1:45:17 AM EST). Real estate listings held by brokerage firms other than RealtyMark may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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