Dewey Market Watch 11/4/21 thru 12/9/21
Happy Holidays to everyone! I hope that everyone had and enjoyable Thanksgiving holiday. We’re right in the thick of the holidays. Transactions have been at a minimal not due to the holidays but rather the low, low inventory. Presently in Dewey there’s only 2 single family homes, 3 condos and 3 Surf Club (quarterly fractional shares- 1 week per month). There’s only one single family/commercial in Ann Acres and a single condo on F Benson St. in Dodds Addition. That’s the entire inventory!
The only two new listings since my last newsletter five weeks ago are mine. The 1st listing is directly behind the old Lorraines hair salon on Ann Ave. This cute 2 bed/ 1 bath classic beach cottage rests on a 50 X 100 lot that is zoned commercial/residential. The parcel is located four and a half blocks to the ocean and a few streets just outside of Dewey town limits. The property is under the jurisdiction of Sussex County which offers a number of possibilities with the unique zoning of commercial/residential. This location offers walk to “everything” that Dewey Beach has to offer. Take a walk or bike into Rehoboth and enjoy the gorgeous views of Silver Lake along the way.
My 2nd new listing is a unit in the Surf Club. Gorgeous ocean views!!! You own a quarterly fractional share (one week per month) for mere pennies. This is a totally managed property. HOA includes EVERYTHING and when I say everything I mean everything to include water, sewer, taxes, internet, cable tv, custodial services, electric, heat, air conditioning, furniture, tableware…. This efficiency comes equipped with a king size bed, foldout queen sofa, microwave, cooktop, refrigerator/freezer, kitchenette, flat screened tv and a whole lot of happiness:)
Only 10 days before the days start getting longer!! Yeahhhh:) Happy holidays to everyone!! Let’s celebrate the new year with a little more love, peace and happiness!
| SINGLE FAMILY NEW | LOCATION | SIZE | ASKING PRICE |
| 20937 Ann Ave. | Ann Acres | 2bd/1ba 50 X 100 commercial lot | $1,049,000 |
| SINGLE FAMILY PENDING | LOCATION | SIZE | ASKING PRICE |
| 1 Beach Ave. | Indian Beach | 6bd/5.5ba | $4,399,000 |
| 122 Jersey St 60 year lease @ $19,500 yr | Rehoboth By The Sea | 3bd/2ba | $805,125 |
| SINGLE FAMILY CLOSED | LOCATION | SIZE | ASKING PRICE | CLOSED PRICE |
| 110 Clayton St. | Rehoboth By The Sea | 5bd/3ba 2,300 sq’ | $1,224,900 | $1,200,000 |
| 131 Chesapeake St. | Rehoboth By The Sea | 5bd/3ba 2,140 sq’ | $1,756,125 | $1,756,125 |
| SINGLE FAMILY INCREASE/DECREASE | LOCATION | SIZE | PREVIOUS PRICE | NEW PRICE |
| 17 Van Dyke St. | # B Emerald Shoals | 4bd/3.5ba | $1,200,000 | $1,125,000 |
| CONDOS NEW | BUILDING | SIZE | ASKING PRICE |
| N/A | N/A | N/A | N/A |
| CONDOS PENDING | BUILDING | SIZE | ASKING PRICE |
| 1301 Coastal Hwy | #402 Lighthouse Cove | 3bd/3ba 1,574 sq’ | $1,499,900 |
| 38372 F Benson St. | #1 Killens Addition | 2bd/1ba 1,020 sq’ | $234,900 |
| CONDOS CLOSED | BUILDING | SIZE | ASKING PRICE | CLOSED PRICE |
| 101 Swedes St. | #1 Four Tides | 5 bd/4.5ba 2,600 sq’ | $1,499,000 | $1,475,000 |
| 1609 Coastal Hwy | #403 Opal | 2bd/2ba | $550,000 | $550,000 |
| 20960 Rogers Ave. | #4 El Capitan | 2bd/1ba | $175,000 | $175,000 |
| 1301 Coastal Hwy. | #V453 Lighthouse Cove | 2bd/2ba 1,026 sq’ | $899,000 | $905,000 |
| 1904 Coastal Hwy. | #D Surfrider | 3bd/2ba 1,250 sq’ | $635,000 | $635,000 |
| CONDOS INCREASE/DECREASE | BUILDING | SIZE | PREVIOUS PRICE | NEW PRICE |
| N/A | N/A | N/A | N/A | N/A |
