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For sale
  • Price cut: $49.1K (7/3)
    $549,900

    8 Olive Ave APT 205, Rehoboth Beach, DE 19971

    1beds
    --sqft
    : 
    Condominium
    Built in 1970
    -- sqft lot
    $550,500 Zestimate®
    $--/sqft
    $533/mo HOA

    What's special

    Tranquil koi pondBreathtaking panoramic viewsCorner unitTwo balconiesBright and inviting condoOcean-block locationSliding glass doors
    LOCATION, LOCATION, LOCATION! Welcome to Patrician Towers in Rehoboth Beach, DE, where coastal charm meets an unbeatable ocean-block location that truly sets it apart. Just a short distance from the beach and boardwalk, this fully furnished corner unit offers an unparalleled beachside experience. Featuring two balconies and three sets of sliding glass doors, this bright and inviting condo seamlessly blends indoor and outdoor living, perfect for enjoying the coastal breeze and morning coffee. The light-filled living and dining area creates a warm and welcoming space for your dream retreat. Patrician Towers boasts a rooftop pool and sun deck with breathtaking panoramic views of the beach and boardwalk, offering the ultimate escape to relax and unwind. The front courtyard’s tranquil koi pond with seating adds another serene retreat. Additional amenities include covered off-street garage parking, an elevator, on-site management, a laundry room, and outdoor facilities like sand showers and restrooms—all designed for your convenience. With Rehoboth’s renowned restaurants, boutique shops, arcades, and scenic walking and biking trails just minutes away, this condo truly places you at the heart of everything extraordinary. Rental income for 2024 around $17,850 and 2023 rental income around $13,500.
    242 days
    on Zillow
    |
    2,098
    |
    30
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: July 30, 2025 at 04:15am

    Listed by:

    Sharon Daugherty 410-430-4004,

    Keller Williams Realty Delmarva 4105246400

    Source: Bright MLS,MLS#: DESU2075476MLS Logo
    Travel times

    Tour with a buyer's agent

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    Next available tour time:Today at 5pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Basement
    • Area: 0
    Heating
    • Forced Air, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator, Oven/Range - Electric, Electric Water Heater
    • Laundry: Dryer In Unit, Washer In Unit, In Unit
    Features
    • Combination Dining/Living
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 0
    • Finished area above ground: 0
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Off Street
    Accessibility
    • Accessibility features: Other
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Outdoor Shower, Sidewalks, Balcony
    • Pool features: Community
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 33414.1431.00205
    • Zoning: R
    • Special conditions: Standard

    Construction

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

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: North Rehoboth
    HOA
    • Has HOA: No
    • Amenities included: Elevator(s), Pool
    • Services included: Custodial Services Maintenance, Maintenance Structure, Insurance, Management, Pest Control, Reserve Funds, Water
    • HOA name: Patrician Towers Owners Inc.
    • Condo and coop fee: $6,390 annually
    Location
    • Region: Rehoboth Beach

    Financial & listing details

    • Tax assessed value: $11,500
    • Annual tax amount: $788
    • Date on market: 12/11/2024
    • Listing agreement: Exclusive Right To Sell
    • Inclusions: Property Sold As Seen.
    • Exclusions: None
    • Ownership: Condominium
    • Total actual rent: 17850
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