Dewey Beach Condo Auction. Minimum Bid $85K


Saturday, September 10 at 1PM

Dewey Beach – 13 Three Bedroom Two Bath Condos

Minimum Bids From $85,000
Previously Asking $450,000

Highlights and Features

▪ Your family weekend retreat or great rental opportunity… Your Choice!
▪ 3 bedroom 2 bath residences just a block to the beach and bay.
▪ Steps away from all of the best spots in Dewey Beach.
▪ Plenty of room for entertaining friends and family.
▪ Care free condo living.
▪ 2 Covered, off street parking spaces included with each residence (4 spaces for unit 107RC).

Call Mike Brown for Details at (302) 258-4368

Written by Mike in: Area Events | Tags: , ,

Dewey Beach priced too good to be true

Dad always said If it sounds too good to be true – it probably is.”

This old saying certainly applies to many of the Properties in Dewey Beach.  During the summer months I receive almost a call a day about the $200,000 homes located just a block or two from the Ocean in Dewey.  While it’s true that you can find a handful of homes and townhomes in this price range in Dewey Beach on my website, very few visitors read the fine print which often states “These are not fee simple properties”.  Because these properties are not fee simple the owner of the structure is usually not the owner of the land below the structure. Many of these properties only have a small amount of time left on their original leases.  If a property mentions “Rehoboth by the Sea” and is priced much lower than the other properties in town there is a good chance it is on leased land and may only have a short amount of time left on its lease. This may be a buyers market but I have not yet seen any ocean block properties priced under $300,000. There are always exceptions to every rule but if it looks too good to be true it probably is.

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