Proven Income Producer – Turnkey Coastal Retreat! If you’re searching for a remarkable beach investment with immediate income potential, this beautifully renovated first-floor condo is a rare opportunity. In 2025 alone the property generated over $32,000 in rental income—and that figure was reduced due to a long-term renter occupying part of the season. The home has been completely refreshed and thoughtfully redesigned, featuring a brand-new kitchen, stylish tile-surround bathrooms, and designer furnishings throughout. Even better, all furniture conveys, making this a truly turnkey investment or effortless second home. Major updates provide added peace of mind, including a new HVAC system installed in 2025, allowing owners and guests to enjoy comfort year-round. Step onto the screened porch overlooking the community pool, the perfect spot to sip your morning coffee or unwind with a glass of wine after a day at the beach. Ideally located with easy access to Route 1, tax-free outlet shopping, restaurants, and Delaware’s beautiful beaches, and just moments from the bike trail, this home blends convenience with coastal charm. The first-floor location offers easy accessibility for owners and guests alike. Whether you’re looking for a proven income-producing property or a coastal getaway that helps pay for itself, this one truly stands out. EASY TO SHOW
Sold for $399,900
$399,900
36525 Palm Dr Unit 5103, Rehoboth Beach, DE 19971
2beds
1,064sqft
Condominium
Built in 2003
-- sqft lot
$398,600 Zestimate®
$376/sqft
$2,146 Estimated rent
Home value
$398,600
$371,000 - $430,000
$2,146/mo
Zestimate® history
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$1,801/mo
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List your homeWhat's special
Community poolBeautifully renovated first-floor condoAll furniture conveysStylish tile-surround bathroomsDesigner furnishings throughoutBrand-new kitchen
Zillow last checked:
Listing updated:
Listed by:
Laurie Ferris 302-632-0675,
Iron Valley Real Estate at The Beach,
Listing Team: The Luxe Property Group
Bought with:
AMY HAMER CZYZIA, RS-0019563
Iron Valley Real Estate at The Beach
Source: Bright MLS,MLS#: DESU2106504
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Bedroom 2, Kitchen, Breakfast Room, Bedroom 1, Great Room, Laundry, Bathroom 1, Bathroom 2
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Bathroom 1
- Level: Main
Bathroom 2
- Level: Main
Breakfast room
- Level: Main
Great room
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Main
Screened porch
- Level: Main
Heating
- Forced Air, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Microwave, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Oven, Self Cleaning Oven, Oven/Range - Electric, Stainless Steel Appliance(s), Washer, Water Heater, Electric Water Heater
- Laundry: Main Level, Laundry Room, In Unit
Features
- Ceiling Fan(s), Dining Area, Open Floorplan, Upgraded Countertops, Kitchen Island, Dry Wall
- Flooring: Ceramic Tile, Hardwood, Luxury Vinyl, Wood
- Windows: Window Treatments
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,064
- Total interior livable area: 1,064 sqft
- Finished area above ground: 1,064
Property
Parking
- Total spaces: 2
- Parking features: Paved, Parking Lot
Accessibility
- Accessibility features: No Stairs, Accessible Entrance
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch, Screened, Screened Porch
- Pool features: Community
- Has view: Yes
- View description: Pond, Garden
- Has water view: Yes
- Water view: Pond
Details
- Additional structures: Above Grade
- Parcel number: 33413.00317.005103
- Zoning: MR
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Vinyl Siding, Stick Built
- Roof: Architectural Shingle
Condition
- Excellent
- New construction: No
- Year built: 2003
- Major remodel year: 2024
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Cable Available
Community & HOA
Community
- Features: Pool
- Condo and coop fee: $800 quarterly
- Subdivision: The Palms
HOA
- Has HOA: No
- Amenities included: Pool
- Services included: Trash, Pool(s), Common Area Maintenance, Maintenance Structure, Maintenance Grounds
- HOA name: Premier Community Asso
Location
- Region: Rehoboth Beach
Financial & listing details
- Price per square foot: $376/sqft
- Tax assessed value: $255,000
- Annual tax amount: $539
- Date on market: 3/13/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: All Furniture, Kitchen Items And Misc. Items
- Ownership: Condominium
- Total actual rent: 35000
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Sold | $399,900-4.8%$376/sqft |
Source:  Bright MLS #DESU2106504 Report a problem | ||
| 4/3/2026 | Pending sale | $419,900$395/sqft |
Source: Bright MLS #DESU2106504 Report a problem | ||
| 3/17/2026 | Listed for sale | $419,900+1.4%$395/sqft |
Source: Bright MLS #DESU2106504 Report a problem | ||
| 12/6/2025 | Listing removed | $414,000$389/sqft |
Source: Bright MLS #DESU2082736 Report a problem | ||
| 11/24/2025 | Listed for rent | $2,300$2/sqft |
Source: Bright MLS #DESU2098392 Report a problem | ||
| 11/24/2025 | Listing removed | $2,300$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/8/2025 | Listed for rent | $2,300$2/sqft |
Source: Bright MLS #DESU2098392 Report a problem | ||
| 9/6/2025 | Price change | $414,000-0.8%$389/sqft |
Source: Bright MLS #DESU2082736 Report a problem | ||
| 7/21/2025 | Price change | $417,500-0.6%$392/sqft |
Source: Bright MLS #DESU2082736 Report a problem | ||
| 6/25/2025 | Price change | $419,900-1.2%$395/sqft |
Source: Bright MLS #DESU2082736 Report a problem | ||
| 5/19/2025 | Price change | $424,900-1.2%$399/sqft |
Source: Bright MLS #DESU2082736 Report a problem | ||
| 4/9/2025 | Listed for sale | $429,900$404/sqft |
Source: Bright MLS #DESU2082736 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $539 -16.9% | $127,500 +869.6% |
| 2024 | $648 +0.1% | $13,150 |
| 2023 | $648 +3.6% | $13,150 |
| 2022 | $625 +0.9% | $13,150 |
| 2021 | $619 +0.3% | $13,150 +4% |
| 2020 | $617 | $12,650 |
| 2019 | $617 -0.1% | $12,650 -3.8% |
| 2018 | $618 +7.1% | $13,150 |
| 2017 | $577 +9.9% | $13,150 |
| 2016 | $525 +4.7% | $13,150 |
| 2015 | $502 +0.7% | $13,150 |
| 2014 | $498 +2.9% | $13,150 |
| 2013 | $484 +0.4% | $13,150 |
| 2012 | $482 +11.9% | $13,150 |
| 2011 | $431 | $13,150 |
| 2010 | $431 -3% | $13,150 |
| 2009 | $444 | $13,150 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
Find assessor info on the county website
Neighborhood: 19971
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Nearby schools
GreatSchools rating
- 8/10Rehoboth Elementary SchoolGrades: K-5Distance: 1.5 mi
- 7/10Beacon Middle SchoolGrades: 6-8Distance: 1.9 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 3.4 mi
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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- Delaware
- Sussex County
- Rehoboth Beach
- 19971
- 36525 Palm Dr Unit 5103
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