Just 2 miles to the Rehoboth Beach Boardwalk, 5 miles to Historic Lewes, and a short walk to premier outlet shopping, this 3BR/2BA, 1,426 sq ft condo at The Palms delivers beach area convenience and proven income. A bright, welcoming layout flows to comfortable bedrooms and two full baths, with in-unit laundry for easy living. Enjoy a low-maintenance coastal home base close to restaurants, breweries, and grocery options. Investors will appreciate the excellent short-term rental history and consistent 5-star guest ratings across multiple platforms (details available). Whether you’re seeking a furnished, turnkey beach retreat, an income-producing asset, or both, this is the smart choice for the Rehoboth/Lewes corridor.
Sold for $432,500
$432,500
36525 Palm Dr Unit 5201, Rehoboth Beach, DE 19971
3beds
1,426sqft
Condominium
Built in 2003
-- sqft lot
$430,500 Zestimate®
$303/sqft
$2,366 Estimated rent
Home value
$430,500
$400,000 - $465,000
$2,366/mo
Zestimate® history
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$1,947/mo
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List your homeWhat's special
In-unit laundryBright welcoming layoutComfortable bedrooms
Zillow last checked:
Listing updated:
Listed by:
Ingram Foster 302-563-4643,
Bryan Realty Group
Bought with:
Ben Stentz, 2191523
Iron Valley Real Estate at The Beach
Source: Bright MLS,MLS#: DESU2098844
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Main
Bathroom 1
- Level: Main
Bathroom 2
- Level: Main
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Water Heater, Washer/Dryer Stacked, Refrigerator, Oven/Range - Electric, Dishwasher, Microwave, Electric Water Heater
- Laundry: In Unit
Features
- Recessed Lighting, Primary Bath(s)
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,426
- Total interior livable area: 1,426 sqft
- Finished area above ground: 1,426
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Exterior features: Water Fountains
- Pool features: Community
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 33413.00317.005201
- Zoning: C-1
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Frame, Block
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Fire Sprinkler System
- Condo and coop fee: $800 quarterly
- Subdivision: The Palms
HOA
- Has HOA: No
- Amenities included: Pool
- Services included: Maintenance Grounds, Common Area Maintenance, Pool(s), Maintenance Structure, Trash
- HOA name: Premier Condo Association Management
Location
- Region: Rehoboth Beach
Financial & listing details
- Price per square foot: $303/sqft
- Tax assessed value: $362,100
- Annual tax amount: $765
- Date on market: 10/17/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Variable
- Inclusions: Appliances Sold As Is, Fully Furnished
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 12/19/2025 | Sold | $432,500$303/sqft |
Source:  Bright MLS #DESU2098844 Report a problem | ||
| 12/12/2025 | Pending sale | $432,500-0.6%$303/sqft |
Source: Bright MLS #DESU2098844 Report a problem | ||
| 10/25/2025 | Contingent | $434,900$305/sqft |
Source: Bright MLS #DESU2098844 Report a problem | ||
| 10/17/2025 | Listed for sale | $434,900+77.9%$305/sqft |
Source: Bright MLS #DESU2098844 Report a problem | ||
| 3/12/2018 | Sold | $244,500$171/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $765 -13.6% | $181,050 +908.6% |
| 2024 | $885 +0.1% | $17,950 |
| 2023 | $884 +3.6% | $17,950 |
| 2022 | $853 +0.9% | $17,950 |
| 2021 | $845 +0.3% | $17,950 |
| 2020 | $843 | $17,950 +2.9% |
| 2019 | $843 -0.1% | $17,450 -2.8% |
| 2018 | $844 +7.1% | $17,950 |
| 2017 | $788 +9.9% | $17,950 |
| 2016 | $717 +4.7% | $17,950 |
| 2015 | $685 +2.2% | $17,950 |
| 2014 | $670 +1.4% | $17,950 |
| 2013 | $661 +0.4% | $17,950 |
| 2012 | $658 +11.9% | $17,950 |
| 2011 | $589 | $17,950 |
| 2010 | $589 -3% | $17,950 |
| 2009 | $606 | $17,950 |
| 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
- 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 5201
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