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$2,999,000

Beds
5
Baths
4.5
sq ft
4,035

8 Canal St, Rehoboth Beach, DE 19971

8 Canal St

REHOBOTH BEACH, DE 19971

  • 66 days on market
    • Price drop $401,000↓
Incredible Opportunity with significant price improvement!!! Just completed in October 2024, this stunning brand-new custom home redefines luxury beach living in Downtown Rehoboth Beach—no need to wait for construction! This extraordinary classic cottage-style residence, infused with modern elegance, is designed for the most discerning buyer. The main level features soaring 10-foot coffered ceilings and exquisite coastal decor, professionally decorated to create an inviting atmosphere that exudes relaxed sophistication. The layout flows seamlessly into a fully equipped, state-of-the-art open-concept kitchen, perfect for culinary enthusiasts and entertaining guests. Ample living and dining spaces, complete with a bar and gas fireplace, enhance the entertaining experience. The main living area overlooks the magnificent 27x12-foot saltwater pool, equipped with custom lighting and fountains that set the mood for an enchanting resort experience, including an indoor/outdoor Sonos sound system and an oversized professionally landscaped, fenced yard Designed with privacy and comfort in mind, this home boasts five beautifully crafted bedrooms, each reflecting exceptional attention to detail. The bathrooms are equally impressive, featuring luxurious finishes and modern designs that elevate your daily routine. This property is ready for its new owners to move in and make it their own. All three levels feature low-maintenance luxury vinyl flooring, perfect for the beach lifestyle. The finished basement offers a blank canvas for a media room, home gym, or wine cellar, bringing the total conditioned space to over 4,000 heated square feet. Enjoy the convenience of being “In-Town” within walking distance to your favorite restaurants, shops, bike trails, city dock, farmers market and the beach, making every day feel like a vacation. Experience the perfect blend of classic charm and contemporary luxury in this remarkable Rehoboth Beach home. This is a one-of-a-kind property on a 6,100 sq foot lot with a 40-foot-deep rear yard. Don’t wait to make this resort home your very own! Rental projections are $15,000 per week mid June through Labor Day.

Details

Property type

Single Family Residence

Property condition

New Construction

Lot size

6,098 sq ft

Price per sq ft

$744

Year built

2024

Annual property taxes

$710

Monthly HOA fee

$150

Price History

12/02/2024
Bright

Bright #DESU2072636

Price change
$2,999,000
-11.79%
10/17/2024
Bright

Bright #DESU2072636

Listed
$3,400,000
+202.22%
10/02/2023
Bright

Bright #DESU2036928

Sold
$1,125,000

Schools & Community

Elementary school: 

REHOBOTH

Middle school: 

BEACON

High school: 

CAPE HENLOPEN

School district: 

CAPE HENLOPEN

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Artisans Bank

Loan start date

December 2023

Original loan amount

$1,400,000

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

Not Provided

Seller

Casa De La Sol Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 11:00 AM

Listing updated: 12/21/2024 at 1:14 AM

Listed by: Michael Reamy Jr, Monument Sotheby's International Realty Phone #: (302) 227-6767

MLS: Bright #DESU2072636

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