Ill health forces sale – Ocean View Condo

Unit 516 One Virginia Ave MLS#574487

Just as a notice, the owner is ill and wants this condo sold.
He has lowered the listing price to $450,000
The owner bought this unit for $435,000 in 2003.
Appraised for $652,000 10/2008
Not A Short Sale. Wonderful Beach & Boardwalk Views. A Great Beach Getaway.

Yearly Condo Fees = $6474
Yearly City Taxes = $278
Yearly County Tax = $668
Current Summer Rental Income = $19,000

The condo is rented every week until Sept., but can be shown on Saturdays, 10:30 am to 2 pm.


Top Ten Condos and Townhomes in Coastal Delaware

What exactly do I mean by the top ten Coastal Delaware Condos?

Am I talking about the ten nicest condos?
The ten best deals and if so in what price range?
The ten least expensive, the ten nicest mid priced, the ten most expensive?
The ten best views?
The ten best new construction condo communities?

“BEST” is a highly subjective term. What one individual may consider the best another may consider lackluster. In lue of creating 10 different “10 best” lists I will attempt to create a list in ascending order from the lowest priced to the highest priced condos with a few of the “Best” thrown in for different categories such as distance from the ocean, views, and style.

Without additional jibber jabber I present my 10 best list for Coastal Delaware Condos.

  1. $169,000 The lowest priced condo in Rehoboth as of this post.  MLS#558840 This is by no means the nicest condo in the area but it is the lowest priced. 2BR/2BA
  2. $199,900 The lowest priced 3BR/2BA Condo in Rehoboth.  MLS#568188
  3. $279,500 The lowest priced new construction Condo in Rehoboth Beach MLS#567466
  4. $279,500 The lowest priced condo less than 1 block from the beach MLS# 565894
  5. $299,900 The lowest priced new construction condo less than 1.5 miles from the beach MLS#568898
  6. $375,000 Contemporary residential/commercial artist colony 4BR/3BA Lofts MLS#566853
  7. $795,000 Spectacular Bay front 5BR Townhouse MLS#569797
  8. $1,075,000 Completely renovated fully furnished 2BR/2BA ocean view condo MLS#568975
  9. $1,549,000 Ocean front 4 story 4BR/2.5BA end unit sold fully furnished MLS#569908
  10. $2,783,000 The most expensive condo/townhouse on the market 5BR/4.5BA 5400SF with views of silver lake as well as the Ocean. MLS# 570029

You may agree or disagree with this top ten list but it includes both the lowest and highest priced condos in Coastal Delaware as well as a few of my personal selections.

The normal disclaimers apply. These prices were current according to the Sussex County Delaware MLS on the day this post was published.  “BEST” is a highly subjective term, I apologize  if your house is currently listed for sale and I did not select it for my top ten list.  This top ten list only included units in Rehoboth, Dewey and Bethany Beach.

Written by Mike in: Top Ten Condos |

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