8 Olive Avenue # 111 Rehoboth Beach, DE $ 1,125,000
8 Olive Avenue # 111
$ 1,125,000
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8 Olive Avenue # 111

Rehoboth Beach, DE, 19971
$ 1,125,000
Bedrooms2 Baths2.0 Sq 750

Monthly Estimate*

$ 6,927

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Condo for sale in Rehoboth Beach, DE

for $1,125,000 with 2 bedrooms and 2 full baths. This 750 square foot condo was built in 1970 on a lot size of 0.48.

Ocean View - Ocean Block & Rarely Offered - this 2 bedroom, 2 bath condo is ready for it's new owner. Located on the first floor, this unit can be accessed through the lobby, or through a secondary entrance located on the side of the building. The first floor condo is offering a updated kitchen with SS appliances, quartz countertops & undercounter LED lighting, dining & living area with fireplace and also a Queen size murphy bed along with a great patio area off the living area. In the dining area you will note a beautiful 16ft floor to ceiling window allowing a lot of natural lighting to flow in. On the first floor there is also a nice sized storage/pantry closet. Where the fireplace is located offers additional storage as well. The 2nd floor offers a primary bedroom w/ full bath along with a covered balcony overlooking the courtyard with Koi pond and also the ability to enjoy sunset views. Enjoy the 2nd covered balcony on the upper level with a great view of the Atlantic Ocean and the famous Rehoboth Beach Boardwalk. Guest bedroom with access to the hall bath. Both bathrooms have been updated. New electric box - 2 zone heating and AC have been within the last 3 years. 4 Storm Shutters were added to protect you from the elements or simply as added protection through a storm. Freshly painted! Enjoy one parking space in the secure underground heated garage. Patrician Towers has a welcoming courtyard with Koi pond, a great place to gather with friends and family before an evening out. After a day on the beach, take the elevator up to the roof top pool with panoramic views of the ocean, boardwalk and the city. Sunrises and sunsets from there are not to be missed. If you enjoy biking, Rehoboth is home to the Breakwater Junction Trail, known for its natural beauty and proximity to historic Lewes and beyond. Bike storage is located in the garage. In recent years, Patrician Towers has undergone major renovations to the building to maintain its structural integrity, improve appearance and protect the investment of its owners. These include new aluminum awnings; aluminum railings, balcony and walkway coating; brick pointing; concrete repairs; caulking; soffit coatings; drip edge replacement and more! All phases were completed prior to May, 2023. There is a 1% Capital Contribution Fee at the time of closing.

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Condo Active

Price

$ 1,125,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 2,342

Style

Coastal

Lot Size

0.48

Year Built

1970

Town/City

Rehoboth Beach

County/Region

Sussex

MLS | Web ID

DESU2107836

Features
General
Living Area 750
Sewer Public Sewer
Heating Central Heat Pump(s)
Cooling Central A/C Ceiling Fan(s)
Utilities Cable TV
Possession Settlement
Appliances Built-In Microwave Built-In Range Dishwasher Exhaust Fan Refrigerator Water Heater
Zoning TN
Garage Spaces 1.00
Association Fee Includes Common Area Maintenance Ext Bldg Maint Insurance Management Pest Control Pool(s) Reserve Funds Water
Architectural Style Coastal
Security Features Main Entrance Lock Monitored Security Gate
Construction Materials Block Concrete
School District CAPE HENLOPEN
Year Built 1970
View Ocean
Levels 2
Unit Number 111
Tax Year 2025
Ownership Fee Simple
Cool Fuel Geothermal
Building Name Patrician Towers
Accessibility None
HOA Fee 2 3290.00
County SUSSEX
New Construction N
Property Type Residential
Association Amenities Common Grounds Elevator Fencing Laundry Facilities Pool - Outdoor Security
HOA N
Subdivision Name NORTH REHOBOTH
Facing Direction North
Garage Y/N Y
Water Access Y/N Y
Other Structures Above Grade Below Grade
Full Baths 2
Status ACTIVE
Directions GPS Directions
City REHOBOTH BEACH
Body of Water Atlantic Ocean
Senior Community Y/N N
MLS Area Lewes Rehoboth Hundred (31009)
Lot Size Units Square Feet
Lot Size Square Feet 20909.00
HOA Fee 2 Frequency Quarterly
Tax Annual Amount 2342.0
Home Warranty Y/N N
Structure Type Unit/Flat/Apartment
Condo/Coop Association fee Y/N Y
Price Per Sq Ft Total AG 1500.0
Acceptable Financing Cash Conventional
Lease Considered Y/N N
Vacation Rental Y/N N
Location Type Downtown
Sussex DE Quadrants East of Rt 1
Standard Status Active
Year Built Source Assessor
Legal Subdivision NORTH REHOBOTH
Tax Lot 86
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Interior
Interior Amenities Bathroom - Tub Shower Bathroom - Walk-In Shower Built-Ins Ceiling Fan(s) Combination Dining/Living Dining Area Kitchen - Efficiency Recessed Lighting Upgraded Countertops Window Treatments
Heating Fuel Geo-thermal
Total Fireplaces 1
Fireplace Features Electric Heatilator
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 750
Central Air Y/N Y
Total Bedrooms 2
Below Grade Finished Area 0
Entry Level 1
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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Exterior
Exterior Amenities Sidewalks Street Lights
Pool Yes - Community
Water Source Public
Inclusions See Inclusion list attached
Garage Features Inside Access
Type of Parking Parking Garage
Water View Y/N Y
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.48
Water Body Type Ocean
Lot Size Source Assessor
Waterfront Y/N N
Navigable Water Y/N Y
Water Oriented Y/N Y
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Internal Only
Street Number 1 8
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* Excluded Features
List By
Dave Mccarthy & Associates, Inc.

Broker

kimhitchens@reinrb.com

Email

Affordability Calculator

$7,122
Per Month
97%
3%
0%
Monthly Principal & Interest
$6,927
Monthly Property Taxes
$195
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3/23/2026$1,125,000 Listed Price

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8 Olive Avenue # 111, Rehoboth Beach, DE, 19971 is a Condo for sale at $1,125,000 with 750 sqft and a lot size of 0.48. 8 Olive Avenue # 111 has 2 bedrooms, 2.0 baths, and was built in 1970. The property's zip code is 19971 which is in Rehoboth Beach, DE