Rare opportunity in the heart of downtown Rehoboth Beach on the ocean block of Wilmington Avenue. This condominium unit offers a unique mixed-use setup featuring a first-floor commercial space and a spacious second-level 3-bedroom, 2-bath residential condo with private rear stair access. Ideally located just steps to the beach, boardwalk, restaurants, shopping, and entertainment. Recent updates have been completed while still offering potential for customization and value-add opportunities. Property is being sold as-is. Exceptional opportunity for investment, rental income, business use, or personal enjoyment in one of Rehoboth Beach’s most sought-after locations.
For sale
Price cut: $100K (6/15)
$1,650,000
12 Wilmington Ave #7, Rehoboth Beach, DE 19971
3beds
1,521sqft
:
Get pre-qualified$9,525/mo
Condominium
Built in 1960
-- sqft lot
$1,554,700 Zestimate®
$1,085/sqft
$533/mo HOA
What's special
First-floor commercial spaceRecent updatesPrivate rear stair access
- 76 days |
- 1,276 |
- 33 |
Zillow last checked:
Listing updated:
Listed by:
MICHAEL RODRIGUEZ 302-226-6404,
Jack Lingo - Rehoboth (302) 227-3883,
Co-Listing Agent: Tjark Bateman 302-227-3883,
Jack Lingo - Rehoboth
Source: Bright MLS,MLS#: DESU2112082
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater, Electric Water Heater
- Laundry: Dryer In Unit, Washer In Unit
Features
- Bathroom - Walk-In Shower, Breakfast Area, Combination Kitchen/Dining, Dry Wall
- Flooring: Carpet, Ceramic Tile, Hardwood
- Windows: Window Treatments
- Basement: Exterior Entry,Rear Entrance
- Has fireplace: No
Interior area
- Total structure area: 1,521
- Total interior livable area: 1,521 sqft
- Finished area above ground: 1,521
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: Other
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Features: Downtown
Details
- Additional structures: Above Grade
- Parcel number: 33414.1842.002
- Zoning: TN
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Condominium
Materials
- Asphalt, Concrete, Masonry
- Foundation: Concrete Perimeter
- Roof: Architectural Shingle
Condition
- Good
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Condo and coop fee: $1,600 quarterly
- Subdivision: Rehoboth Beach
HOA
- Has HOA: No
- Amenities included: None
- Services included: Insurance, Water, Trash, Sewer
Location
- Region: Rehoboth Beach
Financial & listing details
- Price per square foot: $1,085/sqft
- Tax assessed value: $308,500
- Annual tax amount: $2,078
- Date on market: 5/19/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Condominium
- Total actual rent: 40000
Estimated market value
$1,554,700
$1.48M - $1.63M
$2,222/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Price change | $1,650,000-5.7%$1,085/sqft |
Source:  Bright MLS #DESU2112082 Report a problem | ||
| 5/19/2026 | Listed for sale | $1,750,000$1,151/sqft |
Source: Bright MLS #DESU2112082 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,682 +107.4% | $398,150 +2320.4% |
| 2024 | $811 +0.1% | $16,450 |
| 2023 | $810 +3.6% | $16,450 +139.3% |
| 2022 | $782 +0.9% | $6,875 -50% |
| 2021 | $775 +0.3% | $13,750 |
| 2020 | $772 | $13,750 |
| 2019 | $772 -0.1% | $13,750 -16.4% |
| 2018 | $773 +7.1% | $16,450 |
| 2017 | $722 +9.9% | $16,450 |
| 2016 | $657 +4.7% | $16,450 |
| 2015 | $628 +0.7% | $16,450 |
| 2014 | $623 +2.9% | $16,450 |
| 2013 | $606 +0.4% | $16,450 |
| 2012 | $603 +11.9% | $16,450 |
| 2011 | $539 | $16,450 |
| 2010 | $539 -3% | $16,450 |
| 2009 | $556 | $16,450 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 19971
Nearby schools
GreatSchools rating
- 8/10Rehoboth Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Beacon Middle SchoolGrades: 6-8Distance: 3.9 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 4.9 mi
Schools provided by the listing agent
- District: Cape Henlopen
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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