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Marjorie Dick Stuart

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8 Olive Ave #205, REHOBOTH BEACH, DE – $549,900

  • $550k Price
  • 1 Bed
  • 1 Bath
  • 216 DOM
  • $550k Price
  • 1 Bed
  • 1 Bath
  • 216 DOM

8 Olive Ave #205

LOCATION, LOCATION, LOCATION! Welcome to Patrician Towers in Rehoboth Beach, DE, where coastal charm meets an unbeatable ocean-block location that truly sets it apart. Just a short distance from the beach and boardwalk, this fully furnished corner unit offers an unparalleled beachside experience. Featuring two balconies and three sets of sliding glass doors, this bright and inviting condo seamlessly blends indoor and outdoor living, perfect for enjoying the coastal breeze and morning coffee. The light-filled living and dining area creates a warm and welcoming space for your dream retreat. Patrician Towers boasts a rooftop pool and sun deck with breathtaking panoramic views of the beach and boardwalk, offering the ultimate escape to relax and unwind. The front courtyard’s tranquil koi pond with seating adds another serene retreat. Additional amenities include covered off-street garage parking, an elevator, on-site management, a laundry room, and outdoor facilities like sand showers and restrooms—all designed for your convenience. With Rehoboth’s renowned restaurants, boutique shops, arcades, and scenic walking and biking trails just minutes away, this condo truly places you at the heart of everything extraordinary. Rental income for 2024 around $17,850 and 2023 rental income around $13,500.

Essential Information

  • MLS® #DESU2075476
  • Price$549,900
  • Bedrooms1
  • Bathrooms1.00
  • Full Baths1
  • Acres0.00
  • Year Built1970
  • TypeResidential
  • StyleCoastal
  • StatusActive

Sub-Type

Condo, Unit/Flat/Apartment, Mid-Rise 5 - 8 Floors

Community Information

  • Address8 Olive Ave #205
  • AreaLewes Rehoboth Hundred (31009)
  • SubdivisionNORTH REHOBOTH
  • CityREHOBOTH BEACH
  • CountySUSSEX-DE
  • StateDE
  • Zip Code19971

Amenities

  • Has PoolYes

Interior

  • HeatingForced Air
  • CoolingCentral A/C
  • # of Stories1
  • Stories1 Story

Appliances

Dishwasher, Microwave, Refrigerator, Oven/Range-Electric

Exterior

Exterior Features

Outside Shower, Sidewalks, Balcony

School Information

  • DistrictCAPE HENLOPEN

Additional Information

  • Date ListedDecember 11th, 2024
  • Days on Market216
  • ZoningR

Listing Details

  • Office Contact4105246400

Office

Keller Williams Realty Delmarva

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Price Change History for 8 Olive Ave #205, REHOBOTH BEACH, DE (MLS® #DESU2075476)

Date Details Price Change
Price Reduced $549,900 $49,100 (8.20%)
Price Reduced $599,000 $25,000 (4.01%)
Price Reduced (from $634,000) $624,000 $10,000 (1.58%)

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Listing information last updated on July 14th, 2025 at 6:46pm CDT.