Discover this rare two-unit, income-producing property just steps from Silver Lake and only 4 blocks from the beach, generating over $60,000 in annual rental income in '22 & '23! Whether you're looking to live in one unit and rent out the other, or maximize your earnings by leasing both, this property offers endless flexibility. Unit 1 features 2 bedrooms, 2 baths, a spacious screened porch and patio—perfect for relaxing or entertaining. Unit 2 offers 2 bedrooms, 1 bath, and its own inviting screened porch. Both units boast well-appointed kitchens & baths, stylish decor, and modern updates, offered mostly furnished, making them move-in or rental-ready. Enjoy the coastal lifestyle with lush landscaping, great curb appeal, 2 outdoor showers, and a convenient storage shed. County restrictions apply, and no city rental taxes are required for your guests, adding more value to your investment. This property can also be easily converted into a single-family home, giving you even more options. Don’t miss this chance to own a Rehoboth Beach investment with great income potential and lifestyle flexibility. Check out the floor plan & 3D tour!
Sold for $1,450,000 on 11/19/24
$1,450,000
38242 Robinsons Dr, Rehoboth Beach, DE 19971
4beds
--sqft
Single Family Residence
Built in 1980
6,098 Square Feet Lot
$1,453,000 Zestimate®
$--/sqft
$2,527 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 19, 2024 at 06:08am
Listed by:
Debbie Reed 302-227-3818,
RE/MAX Realty Group Rehoboth,
Listing Team: The Debbie Reed Team, Co-Listing Team: The Debbie Reed Team,Co-Listing Agent: Amy Warick 302-227-3818,
RE/MAX Realty Group Rehoboth
Bought with:
Lee Ann Wilkinson, RA-0002064
Berkshire Hathaway HomeServices PenFed Realty
Source: Bright MLS,MLS#: DESU2069994

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 1
Basement
- Description: Percent Finished: 80.0
- Area: 0
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Oven/Range - Electric, Range Hood, Refrigerator, Extra Refrigerator/Freezer, Ice Maker, Microwave, Dishwasher, Washer, Dryer, Water Heater, Disposal, Washer/Dryer Stacked, Electric Water Heater
- Laundry: Washer In Unit, Dryer In Unit, Main Level, Upper Level
Features
- Combination Dining/Living, Combination Kitchen/Living, Kitchen - Efficiency, Upgraded Countertops, Pantry, Entry Level Bedroom, Kitchen - Gourmet, Recessed Lighting
- Flooring: Bamboo, Carpet, Ceramic Tile
- Windows: Skylight(s)
- Basement: Full,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 0
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Crushed Stone, Driveway, Off Site
- Uncovered spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Patio & porch: Screened, Porch, Deck, Screened Porch
- Exterior features: Extensive Hardscape, Flood Lights, Outdoor Shower
- Pool features: None
- Waterfront features: Ocean
Lot
- Size: 6,098 sqft
- Dimensions: 76.00 x 84.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 33420.0937.00
- Zoning: MR
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Coastal
- Property subtype: Single Family Residence
Materials
- Stick Built, Vinyl Siding
- Foundation: Block
- Roof: Architectural Shingle
Condition
- Very Good
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Rehoboth Beach
- Subdivision: Dodds Addition
HOA & financial
Other financial information
- Total actual rent: 60000
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Services availability

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$1,453,000
2% more+ $29,060
With Zillow Showcase(estimated)
$1,482,060