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For sale
    • $1,799,000

    21089 Elizabeth Ave, Rehoboth Beach, DE 19971

    2beds
    812sqft
    : 
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    Single Family Residence
    Built in 1957
    4,792 Square Feet Lot
    $1,668,100 Zestimate®
    $2,216/sqft
    $-- HOA

    What's special

    Refinished hardwood floorsWood-burning fireplaceNew sidingUpdated eat-in kitchen
    This charming ranch-style property is a rare find just a couple blocks away from the beach. The main house features 2 bedrooms, 1 bathroom, a spacious living room with a wood-burning fireplace, an updated eat-in kitchen, and an enclosed porch for summer relaxation. The main house has undergone significant updates in the past 5 to 10 years including a renovated kitchen and bathroom, refinished hardwood floors, new siding, gutters, and fascia. Situated on a 50 x 100 lot just outside the city limits, this property also includes a newly rebuilt 1 bedroom, 1 bathroom detached apartment with rental income potential. The apartment offers a living/dining combination on the first floor and a bedroom with a full bath on the upper level. With a driveway that fits five plus cars, parking will never be an issue for you or your tenants. The rental income generated in 2024 was $65,000 prior to the completion of the apartment, and the estimated income for the apartment alone ranges from $20,000 to $30,000. Whether you're looking for a new home near the beach or an investment property with great rental potential, this property is a fantastic opportunity not to be missed. Take advantage of this unique property and make it yours today! Agent is related to seller. Seller is a licensed real estate agent in the State of Delaware.
    55 days
    |
    492
    |
    13
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    George Manolakos 302-529-2690,

    Patterson-Schwartz-Brandywine 3024750800

    Source: Bright MLS,MLS#: DESU2112446MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Basement
      • Area: 0
      Heating
      • Forced Air, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Electric Water Heater
      Features
      • Basement: Partial
      • Number of fireplaces: 1
      • Fireplace features: Brick
      Interior area
      • Total structure area: 812
      • Total interior livable area: 812 sqft
      • Finished area above ground: 812
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Parking features: Driveway
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Stories: 1
      • Pool features: None
      Lot
      • Size: 4,792 Square Feet
      • Dimensions: 50 x 100
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 33420.13124.00
      • Zoning: R
      • Zoning description: Residential
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch/Rambler
      • Property subtype: Single Family Residence
      Materials
      • Aluminum Siding
      • Foundation: Block
      Condition
      • Very Good
      • New construction: No
      • Year built: 1957

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Above Ground, Cable

      Community & HOA

      Community
      • Subdivision: Ann Acres
      HOA
      • Has HOA: No
      Location
      • Region: Rehoboth Beach

      Financial & listing details

      • Price per square foot: $2,216/sqft
      • Tax assessed value: $667,100
      • Annual tax amount: $1,430
      • Date on market: 5/21/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Inclusions: All Appliances
      • Ownership: Fee Simple

        Estimated market value

        $1,668,100

        $1.58M - $1.75M

        $2,097/mo

        Price history

        DateEventPrice
        5/21/2026Listed for sale$1,799,000-0.1%$2,216/sqft
        Source: Bright MLS #DESU2112446 Report a problem
        11/7/2025Listing removed$1,799,900$2,217/sqft
        Source: Bright MLS #DESU2098786 Report a problem
        10/15/2025Listed for sale$1,799,900+105.7%$2,217/sqft
        Source: Bright MLS #DESU2098786 Report a problem
        5/20/2022Sold$875,000-20.5%$1,078/sqft
        Source: Bright MLS #DESU2000802 Report a problem
        3/23/2022Pending sale$1,100,000$1,355/sqft
        Source: Bright MLS #DESU2000802 Report a problem
        12/16/2021Listing removed--
        Source: Bright MLS #DESU2000802 Report a problem
        7/2/2021Pending sale$1,100,000$1,355/sqft
        Source: Bright MLS #DESU2000802 Report a problem
        6/24/2021Listed for sale$1,100,000$1,355/sqft
        Source: Bright MLS #DESU2000802 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,749 +70.5%$338,550 +2259.2%
        2024$1,026 +0.1%$14,350
        2023$1,025 +2.5%$14,350
        2022$1,001 +0.6%$14,350
        2021$994 +0.3%$14,350
        2020$991 $14,350
        2019$991 +2.1%$14,350
        2018$971 +60.9%$14,350
        2017$603 -0.9%$14,350
        2016$609 +4.4%$14,350
        2015$583 +0.7%$14,350
        2014$579 +2.7%$14,350
        2013$564 -12.4%$14,350
        2012$643 +57.2%$14,350
        2011$409 $14,350
        2010$409 -1.7%$14,350
        2009$417 $14,350
        2008-- --
        2007-- --
        2006-- --
        2005-- --
        2004-- --
        2003-- --
        2002-- --
        2001-- --
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 19971

        Getting around

        46 / 100
        Car-Dependent
        66 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • High: Cape Henlopen
        • 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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