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Sold for $910,000
  • $910,000

    8 Olive Ave APT 111, Rehoboth Beach, DE 19971

    2beds
    750sqft
    Condominium
    Built in 1970
    -- sqft lot
    $909,900 Zestimate®
    $1,213/sqft
    $1,872 Estimated rent

    Home value

    $909,900

    $864,000 - $955,000

    $1,872/mo

    Zestimate® history
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    What's special

    Freshly paintedOcean viewBalcony and walkway coatingBrick pointingAluminum railingsNew aluminum awningsDrip edge replacement
    Ocean View - Ocean Block & Rarely Offered - MOTIVATED SELLER! This 2 bedroom, 2 bath condo is ready for it's new owner. Located on the first floor, this unit can be accessed through the lobby, or through a secondary entrance located on the side of the building. The first floor condo is offering a updated kitchen with SS appliances, quartz countertops & undercounter LED lighting, dining & living area with fireplace and also a Queen size murphy bed along with a great patio area off the living area. In the dining area you will note a beautiful 16ft floor to ceiling window allowing a lot of natural lighting to flow in. On the first floor there is also a nice sized storage/pantry closet. The Fireplace will keep you warm on the cooler evenings and add a nice touch of ambiance. Where the fireplace is located offers additional storage as well. The 2nd floor offers a primary bedroom w/ full bath along with a covered balcony overlooking the courtyard with Koi pond and also the ability to enjoy sunset views. Enjoy the 2nd covered balcony on the upper level with a great view of the Atlantic Ocean and the famous Rehoboth Beach Boardwalk. Guest bedroom with access to the hall bath. Both bathrooms have been updated. New electric box - 2 zone heating and AC have been within the last 3 years. 4 Storm Shutters were added to protect you from the elements or simply as added protection through a storm. Freshly painted! Enjoy one parking space in the secure underground heated garage. Patrician Towers has a welcoming courtyard with Koi pond, a great place to gather with friends and family before an evening out. After a day on the beach, take the elevator up to the roof top pool with panoramic views of the ocean, boardwalk and the city. Sunrises and sunsets from there are not to be missed. If you enjoy biking, Rehoboth is home to the Breakwater Junction Trail, known for its natural beauty and proximity to historic Lewes and beyond. Bike storage is located in the garage. In recent years, Patrician Towers has undergone major renovations to the building to maintain its structural integrity, improve appearance and protect the investment of its owners. These include new aluminum awnings; aluminum railings, balcony and walkway coating; brick pointing; concrete repairs; caulking; soffit coatings; drip edge replacement and more! All phases were completed prior to May, 2023. There is a 1% Capital Contribution Fee at the time of closing.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kim Hitchens 302-381-1071,

    Dave McCarthy & Associates, Inc.

    Bought with:

    Regina White, RS-0025330

    Crowley Associates Realty

    Source: Bright MLS,MLS#: DESU2107836MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Basement
    • Area: 0
    Heating
    • Central, Heat Pump, Geothermal
    Cooling
    • Central Air, Ceiling Fan(s), Geothermal
    Appliances
    • Included: Microwave, Built-In Range, Dishwasher, Exhaust Fan, Refrigerator, Water Heater, Electric Water Heater
    Features
    • Bathroom - Tub Shower, Bathroom - Walk-In Shower, Built-in Features, Ceiling Fan(s), Combination Dining/Living, Dining Area, Kitchen - Efficiency, Recessed Lighting, Upgraded Countertops
    • Windows: Window Treatments
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Electric, Heatilator
    Interior area
    • Total structure area: 750
    • Total interior livable area: 750 sqft
    • Finished area above ground: 750
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Inside Entrance, Garage
    • Garage spaces: 1
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Sidewalks, Street Lights
    • Pool features: Community
    • Has view: Yes
    • View description: Ocean
    • Has water view: Yes
    • Water view: Ocean
    • Waterfront features: Ocean
    • Body of water: Atlantic Ocean
    Lot
    • Size: 0.48 Acres
    • Features: Downtown
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 33414.1431.00111
    • Zoning: TN
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Coastal
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Block, Concrete
    Condition
    • New construction: No
    • Year built: 1970

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected

    Community & HOA

    Community
    • Security: Main Entrance Lock, Monitored, Security Gate
    • Condo and coop fee: $3,290 quarterly
    • Subdivision: North Rehoboth
    HOA
    • Has HOA: No
    • Amenities included: Common Grounds, Elevator(s), Fencing, Laundry, Pool, Security
    • Services included: Common Area Maintenance, Maintenance Structure, Insurance, Management, Pest Control, Pool(s), Reserve Funds, Water, Sewer
    • HOA name: Patrician Towers
    Location
    • Region: Rehoboth Beach

    Financial & listing details

    • Price per square foot: $1,213/sqft
    • Tax assessed value: $875,800
    • Annual tax amount: $2,342
    • Date on market: 3/23/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Inclusions: See Inclusion List Attached
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    6/24/2026Sold$910,000-6.7%$1,213/sqft
    Source: Bright MLS #DESU2107836 Report a problem
    6/6/2026Pending sale$974,900$1,300/sqft
    Source: Bright MLS #DESU2107836 Report a problem
    5/29/2026Price change$974,900-2.3%$1,300/sqft
    Source: Bright MLS #DESU2107836 Report a problem
    4/13/2026Price change$997,900-11.3%$1,331/sqft
    Source: Bright MLS #DESU2107836 Report a problem
    3/23/2026Listed for sale$1,125,000+75.8%$1,500/sqft
    Source: Bright MLS #DESU2107836 Report a problem
    12/10/2019Sold$640,000$853/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,850 +98%$437,900 +2210.8%
    2024$934 +0.1%$18,950
    2023$933 +3.6%$18,950 +100%
    2022$901 +0.9%$9,475 -50%
    2021$892 +0.3%$18,950
    2020$890 $18,950
    2019$890 +73.5%$18,950
    2018$513 +6%$18,950
    2017$484 +6.9%$18,950
    2016$453 +4%$18,950
    2015$435 +1.9%$18,950
    2014$427 +2.7%$18,950
    2013$416 +0.6%$18,950
    2012$413 +8.4%$18,950
    2011$381 $18,950
    2010$381 -2.4%$18,950
    2009$391 $18,950
    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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    $909,900
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