8 Olive Avenue # 205 Rehoboth Beach, DE $ 499,000
8 Olive Avenue # 205
$ 499,000
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8 Olive Avenue # 205

Rehoboth Beach, DE, 19971
$ 499,000
Bedrooms1 Baths1.0

Monthly Estimate*

$ 3,113

8 Olive Avenue # 205, Rehoboth Beach, DE 19971 - Image 1
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Condo for sale in Rehoboth Beach, DE

for $499,000 with 1 bedroom and 1 full bath. This condo was built in 1970.

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 courtyards 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 restroomsall designed for your convenience. With Rehoboths 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.

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Condo Active

Price

$ 499,000

Bedrooms

1

Full Bath

1

Property Type

Condo

Taxes

$ 788

Style

Coastal

Year Built

1970

Town/City

Rehoboth Beach

County/Region

Sussex

MLS | Web ID

DESU2075476

Features
General
Living Area 0
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Appliances Dishwasher Microwave Refrigerator Oven/Range - Electric
Zoning R
Association Fee Includes Custodial Services Maintenance Ext Bldg Maint Insurance Management Pest Control Reserve Funds Water
Patio/Porch Features Balcony
Architectural Style Coastal
Construction Materials Other
School District CAPE HENLOPEN
Exclusions None
Year Built 1970
Levels 1
Unit Number 205
Tax Year 2024
Ownership Condominium
Cool Fuel Electric
Building Name Patrician Towers
Accessibility Other
HOA Fee 2 6390.00
County SUSSEX
New Construction N
Property Type Residential
Association Amenities Elevator Pool - Outdoor
HOA N
Subdivision Name NORTH REHOBOTH
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 1
Status ACTIVE
Directions From Rehoboth Ave slight left on Lake Ave continue onto Maryland Ave left on 2nd St right on Olive Ave cross over 1st St building will be on the right.
City REHOBOTH BEACH
Senior Community Y/N N
MLS Area Lewes Rehoboth Hundred (31009)
HOA Fee 2 Frequency Annually
Tax Annual Amount 788.0
Home Warranty Y/N N
Structure Type Unit/Flat/Apartment
Condo/Coop Association fee Y/N Y
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Vacation Rental Y/N Y
Sussex DE Quadrants East of Rt 1
Standard Status Active
Year Built Source Estimated
Legal Subdivision NORTH REHOBOTH
Total Actual Rent 17850.00
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Interior
Interior Amenities Combination Dining/Living
Heating Fuel Electric
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 0
Central Air Y/N Y
Total Bedrooms 1
Below Grade Finished Area 0
Entry Level 2
Main Level Bedrooms 1
Below Grade Finished Area Unit Type Square Feet
Laundry Type Dryer In Unit Washer In Unit
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 1
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Exterior
Exterior Amenities Outside Shower Sidewalks
Pool Yes - Community
Water Source Public
Inclusions Property sold as seen.
Type of Parking Off Street
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 8
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* Excluded Features
List By
Keller Williams Realty Delmarva

Broker

sharondaugherty@kw.com

Email

Affordability Calculator

$3,179
Per Month
98%
2%
0%
Monthly Principal & Interest
$3,113
Monthly Property Taxes
$66
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2314408 Elementary School
2314409 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/15/2025$499,000 -3.11% Price Down
9/3/2025$515,000 -6.35% Price Down
7/3/2025$549,900 -8.20% Price Down
4/28/2025$599,000 -4.01% Price Down
3/7/2025$624,000 -1.58% Price Down
12/11/2024$634,000 Listed Price

Map


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8 Olive Avenue # 205, Rehoboth Beach, DE, 19971 is a Condo for sale at $499,000. 8 Olive Avenue # 205 has 1 bedrooms, 1.0 baths, and was built in 1970. The property's zip code is 19971 which is in Rehoboth Beach, DE