Location, location, location! Rare to hit market, this downtown NEWLY RENOVATED 2 BR end-unit condo, with new pool, overlooks the Lewes-Rehoboth Canal where epic views of the sun setting await. The best of both worlds: in town living just a short walk from the beach. Carefully selected options for recent renovation make for a major upgrade with total re-design for an open floor plan, new HVAC system, hardwood floors, stainless appliances, quartz countertops, handmade ceramic tiles, built-ins allowing for plenty of storage along with a nod to nautical design with shiplap and many other special features throughout... no expense spared to make this a dream destination at the beach! HOA includes flood insurance, parking lot maintenance, trash service, hot water for the building, laundry and pool maintenance. Condo has excellent rental history, peak season rate averages at $400-500 per night (financials available upon request).
Financial info: Last sale in 2022 at $593,000 (NOT renovated). Renovation costs averaging $200,000 for a 2BR unit at Lewes Harbor. Additionally, owner recently paid a capital contribution fee of $80,000+ for major exterior renovation (new decks, balconies, pool, pool deck, fencing, hardscape, landscape, roof, lighting, exterior flooring)