ChadMorton
Sign Up Login

1 Read Avenue , Unit 116D, Dewey Beach, DE 19971

$65,000
  • 1 Read Avenue , Unit 116D, Dewey Beach, DE 19971 Main Photo

44 Photos

New to the Market ACTIVE
BEDS1 BATHS1 full SQUARE FEET354 MLS#DESU2122792
STATUSACTIVE PROPERTY TYPEResidential - Condominium SCHOOLCAPE HENLOPEN

Property Description

UNMATCHED OPPORTUNITY! OCEANFRONT OWNERSHIP + RENTAL INCOME OPPORTUNITY! Imagine waking up to the sound of waves, stepping outside, and walking directly onto the sand. Enjoy morning strolls along the shoreline, afternoons soaking up the sun, and evening walks under glowing sunsets — all without having to drive anywhere or fight for parking. Welcome to The Surf Club, where OCEANFRONT LIVING MEETS FLEXIBILITY, INCOME POTENTIAL, AND HASSLE-FREE OWNERSHIP — and all without spending millions of dollars. This beautifully maintained 1-BEDROOM, 1-BATH CONDO comfortably SLEEPS FIVE thanks to a KING-SIZED BED, a QUEEN-SIZED SLEEPER SOFA, and a VERSATILE SLEEPING BENCH — making it perfect for families, guests, or maximizing rental potential. You'll enjoy 13 WEEKS OF DEEDED OWNERSHIP each year — this is NOT A TIMESHARE! FLEXIBLE RENTAL PROGRAM: At the beginning of each year, owners choose which weeks to USE and which to RENT. Any weeks placed into the SOV RENTAL POOL earn income based on the total rentals for your room category that week. If you’re the only owner renting, you keep 100% OF YOUR UNIT’S PROFITS. If multiple SOV units are rented, profits are divided equally among those owners. Nightly rental rates are market-driven, and on-site professional management — the same team that operates the HYATT at the Rusty Rudder — handles bookings, cleanings, maintenance, utilities, taxes, and insurance. You can also switch plans last minute: if you originally planned to use your week but can’t, you can make it available for rental. Likewise, if you planned to rent but decide you want to come, you can — as long as your unit or another available SOV is open. With SUMMER WEEKS TYPICALLY BOOKED, this property offers a RARE OPPORTUNITY to enjoy GUARANTEED VACATION TIME and PASSIVE INCOME — without the stress of managing a rental. Spend your mornings sipping coffee with a view, your afternoons on the sand, and your evenings strolling to Dewey’s best restaurants, live music, and nightlife — all just steps away. And when you want to explore, hop on the Jolly Trolley for a quick ride into Rehoboth. This isn’t just oceanfront ownership — it’s the ultimate Delaware beach lifestyle combined with a smart investment opportunity. With its prime SOV location, sleeping capacity for five, flexible rental income, and professional management, this condo delivers the best of both worlds. All of this can be yours for the price of a car!

1 Read Avenue , Unit 116D | MLS# DESU2122792

This condo located at 1 Read Avenue , Unit 116D, Dewey Beach, DE 19971 is currently listed for sale with an asking price of $65,000. This property was built in 1955 and has 1 bedrooms and 1 full baths with 354 sq. ft. Read Avenue , Unit 116D is located within the CAPE HENLOPEN school district. Search Dewey Beach real estate on cmorton.maverickrealtyusa.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Ductless/Mini-Split
Fuel Type: Electric
Garage: 1
Heating: Wall Unit
Home Style: Unit/Flat
Stories: 1.0
Year Built: 1955

Feature Descriptions

Additional Structures: Above Grade
Appliances: Cooktop, Microwave, Refrigerator
Building Name: The Surf Club
Community Amenities: Swimming Pool, Pool - Outdoor, Laundry Facilities, Recreational Center, Reserved/Assigned Parking
Condo/Coop Fee: $435.00/Monthly
Days on Site: 5
Exterior: Frame, Stick Built
Exterior: Outside Shower
Flooring: Luxury Vinyl Plank
Interior: Ceiling Fan(s), Dining Area, Floor Plan - Open, Kitchenette, Recessed Lighting
Lake Name: Ocean
Location: Oceanblock
Parking Features: Assigned
Parking Notes: 1 Total Parking Spaces
Rooms: Primary Bedroom, Kitchen, Breakfast Room, Full Bath
Sewer: Public Sewer
Special View Info: Ocean
SQFT Above Finished: 354
SQFT Total Finished: 354
Structure Type: Unit/Flat/Apartment
Total Garage/Parking Spaces: 1
Water: Public
Windows: Insulated

Local Schools

School District: CAPE HENLOPEN

Listed By / Shown By

Listed By

Agency Name: Monument Sotheby's International Realty
Agency Phone: 3022276767

Shown By

Agent Name: Chad Morton
Agent Phone: (302) 373-5929
Agency Title: Maverick Realty, LLC

IDX logo

Estimate Your Payment

Estimated Payment

$ 163.62 per month $144.66 Principal & Interest $0.00 Property Tax (data not provided by mls) $18.96 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

CONTACT ME

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/27/2026. The listing information on this page last changed on 10/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 10/27/2026 6:24:15 AM EST) or Bright MLS (last updated Tue 10/27/2026 12:32:57 AM EST). Real estate listings held by brokerage firms other than Maverick Realty, LLC may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder