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Sold for $1,550,000
  • $1,550,000

    25 McKinley Ave, Dewey Beach, DE 19971

    5beds
    2,400sqft
    Townhouse
    Built in 1981
    -- sqft lot
    $1,863,900 Zestimate®
    $646/sqft
    $2,616 Estimated rent

    Home value

    $1,863,900

    $1.66M - $2.12M

    $2,616/mo

    Zestimate® history
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    What's special

    Sun roomOver sized parking areaNew composite sidingLarge private backyardRoof top deckGreat patio area
    Super opportunity to own this ocean side renovated 5-bedroom 3.5 bath beach home. Two master suites, large private backyard with gazebo, roof top deck, sun room, and over sized parking area make this 2400 square foot home an entertainer’s dream. The property has a proven rental history of over $110,000 per year with repeat family weekly rentals. Buy both 23 and 25 McKinley for a combined rental income of over $175,000 per year. One minute walk to beach without crossing any roads. Come put your toes in the sand and ocean. Close to all the hot spots and restaurants, but private enough to enjoy the tranquility of the beach and ocean. Great patio area in the rear yard for cook outs and gathering. Rare to actually have a yard at the beach. Just such a fun home and place to be. In great condition with a great rental history. There have been many updates to this property with new composite siding being the most recent. Plenty of off street parking. All furniture and appliances included in the sale.. Property zoned RR and the size of the property allows for additions. We urge any buyer to confirm for themselves the specifics of addition size with the town of Dewey Beach. Come to Dewey Beach. Relax. Have fun.

    Zillow last checked:

    Listing updated:

    Listed by:

    Linda Chase 610-812-4273,

    Compass,

    Co-Listing Agent: Richard Oberly 302-743-3810,

    Compass

    Bought with:

    Linda Chase, RS-321053

    Compass

    Source: Bright MLS,MLS#: DESU2049892MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    • Main level bathrooms: 4
    • Main level bedrooms: 5
    Basement
    • Area: 0
    Heating
    • Forced Air, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Basement: Partial
    • Has fireplace: No
    Interior area
    • Total structure area: 2,400
    • Total interior livable area: 2,400 sqft
    • Finished area above ground: 2,400
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 33420.18165.052
    • Zoning: TN
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Townhouse
    • Architectural style: Colonial
    • Property subtype: Townhouse
    Materials
    • Composition
    • Foundation: Block
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1981

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: None Available
    HOA
    • Has HOA: No
    • Amenities included: None
    • Services included: None
    Location
    • Region: Dewey Beach

    Financial & listing details

    • Price per square foot: $646/sqft
    • Tax assessed value: $26,900
    • Annual tax amount: $1,325
    • Date on market: 10/16/2023
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Condominium

    Price history

    DateEventPrice
    4/19/2024Sold$1,550,000-6.1%$646/sqft
    Source: Bright MLS #DESU2049892 Report a problem
    3/8/2024Contingent$1,650,000$688/sqft
    Source: Bright MLS #DESU2049892 Report a problem
    2/6/2024Price change$1,650,000-8.3%$688/sqft
    Source: Bright MLS #DESU2049892 Report a problem
    10/16/2023Listed for sale$1,800,000$750/sqft
    Source: Bright MLS #DESU2049892 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,940 +78.8%$620,550 +2206.9%
    2024$1,644 +0.1%$26,900
    2023$1,643 +2.9%$26,900
    2022$1,597 +0.7%$26,900
    2021$1,585 +0.3%$26,900
    2020$1,580 $26,900 +22.8%
    2019$1,580 +1.3%$21,900 -18.6%
    2018$1,561 +32.1%$26,900
    2017$1,181 +7.1%$26,900
    2016$1,103 +4.5%$26,900
    2015$1,055 +0.7%$26,900
    2014$1,048 +2.8%$26,900
    2013$1,019 -5.7%$26,900
    2012$1,080 +10.5%$26,900
    2011$978 $26,900
    2010$978 -2.7%$26,900
    2009$1,005 $26,900
    2008-- --
    2007-- --
    2006-- --
    2005-- --
    2004-- --
    Find assessor info on the county website

    Neighborhood: 19971

    Nearby schools

    GreatSchools rating
    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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    $1,863,900
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    With Zillow Showcase(estimated)
    $1,901,178