37430 5th St, Rehoboth Beach, DE 19971

First time on the market! One of Rehoboth’s last original Mid-Century Modern (MCM) homes, this three bedroom, two bath bungalow is in the very desirable Bay Vista community, situated on a navigable residential canal with three docks on the water! Bring your boats, kayaks, and your paddleboard too! This home was crafted by the original owner in the 1960s in the spirit of Frank Lloyd Wright using natural materials of its time: cinder block, wood and concrete, with low gables and clerestory windows and has stood the test of time. The home was purchased by the current owner and lovingly restored to a modern home with polished epoxy concrete slab flooring, stainless-steel Euro kitchen appliances including a gas stove, gas open corner fireplace, new roof and mini-split air conditioning and heating system. The home is configured as a single story two-bedroom, one-bath bungalow with a one-bedroom and bath guest studio and kitchenette adjoined by a trellis. The home features south-facing windows and doors overlooking the water views offering all-day sunlight. Situated on an oversized lot measuring 101’ x 125’ it features million-dollar unobstructed views overlooking Thompson Island all the way to Rehoboth Bay. Boating is easy right from your private backyard docks with access to Dewey Beach, Rehoboth Bay and the Indian River inlet connecting to the Atlantic Ocean. Many options exist for the next owner: Use the property as-is, build on top of existing structure and footings, build your waterfront dream home or, divide the lot into parcels, each with direct water access and each with its own dock. The guest unit has earned up to $18K/summer rental income alone. Live in one unit and rent the other, adjoin the two or rent both. Bay Vista is located in Sussex County, DE, just outside city limits, just over a mile from downtown Rehoboth and has no HOA or rental restrictions. Don’t miss this once-in-a-lifetime opportunity for waterfront living close to town! This is one of the only waterfront lots with a residence available with close proximity to Rehoboth. Owner is a licensed Realtor.