Don’t miss this opportunity to own property east of Route 1 in Rehoboth Beach!h🌿. For investors or builders, the property presents additional possibilities. There is potential to re-establish the property line, remove the existing home, and construct two new homes—an excellent redevelopment opportunity in an area experiencing continued growth 📈. There is a home presently situated on both lots. It could be turned to open the second lot or removed. There is no HOA, and the property is zoned to allow manufactured homes, modular, and stick-built. Several newly constructed homes in the community are helping support increasing neighborhood value, making this an appealing option for homeowners, investors, or builders alike. The property is being sold AS IS. Public water and sewer are there. The one lot has a well.
Lot/land
Price cut: $10K (7/17)
$389,900
502 5th St, Rehoboth Beach, DE 19971
--beds
--baths
10,019Square Feet
Unimproved Land
Built in ----
10,019 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 36 days |
- 225 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Cindy Sakowski 302-745-2053,
Keller Williams Realty (302) 360-0300,
Listing Team: Jeffrey Fowler Group
Source: Bright MLS,MLS#: DESU2116402
Facts & features
Property
Lot
- Size: 10,019 Square Feet
- Features: Level
Details
- Parcel number: 33413.0076.00
- Zoning: GR
- Zoning description: manufactured, modular, stick built
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public, Well
- Utilities for property: Cable Connected
Community & HOA
Community
- Subdivision: Tru Vale Acres
HOA
- Has HOA: No
Location
- Region: Rehoboth Beach
Financial & listing details
- Tax assessed value: $358,400
- Annual tax amount: $757
- Date on market: 7/17/2026
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional
- Inclusions: What Is Left In The Home And Shed.
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Price change | $389,900-2.5% |
Source:  Bright MLS #DESU2109908 Report a problem | ||
| 5/31/2026 | Listed for sale | $399,900 |
Source: Bright MLS #DESU2109908 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $456 +47.6% | $179,200 +1590.6% |
| 2024 | $309 +0.1% | $10,600 |
| 2023 | $309 +5.2% | $10,600 |
| 2022 | $293 +1.6% | $10,600 |
| 2021 | $289 +0.8% | $10,600 |
| 2020 | $286 | $10,600 |
| 2019 | $286 -0.2% | $10,600 |
| 2018 | $287 +6% | $10,600 |
| 2017 | $271 +6.9% | $10,600 |
| 2016 | $253 +4% | $10,600 |
| 2015 | $243 +1.9% | $10,600 |
| 2014 | $239 +2.7% | $10,600 |
| 2013 | $233 -1% | $10,600 |
| 2012 | $235 +9.5% | $10,600 |
| 2011 | $214 | $10,600 |
| 2010 | $214 -2.4% | $10,600 |
| 2009 | $220 | $10,600 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 19971
Nearby schools
GreatSchools rating
- 8/10Rehoboth Elementary SchoolGrades: K-5Distance: 2.5 mi
- NAFrederick D Thomas Middle SchoolGrades: 6-8Distance: 2.1 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 2.3 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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