49 Lake Ave

NEW PRICE!! Stunning Coastal Contemporary with a separate Guest Cottage in the heart of Rehoboth Beach! Check out the Virtual Tour Icon. The main house features 2697 sq ft, 5 bedrooms, walk in closets, 3.5 baths, which includes spacious 1st and 2nd floor master suites. Soaring 10' ceilings throughout the 1st floor great room, 9' ceilings in the spacious 1st floor master suite with Plantation shutters and custom trim. Throughout you'll find vaulted ceilings in the 2nd floor primary suite and 3 additional 2nd floor bedrooms. This home has been renovated to include a gourmet kitchen with extensive cabinetry, custom lighting, stainless steel appliances, walk-in pantry, laundry room, granite countertops and an oversized gathering island. The great room features many custom built-ins and a gas fireplace with surround sound. It opens to a covered wrap around porch that faces South and West with abundant sun, sunshades, generous seating & dining areas. This home also features many porches, decks, balconies, several off-street parking spaces, outdoor shower, new roof, an encapsulated crawl space, an outbuilding with storage and a work shop, a charging station for an electric car, and colorful landscaping which all make this special home a show stopper!

The guest cottage has also been renovated and is every bit as special as the main house. It features 1080 sq ft, 3 stories, 2 bedrooms and 2 baths. The 1st floor is home to a spacious bedroom suite with a full bath and can double as a media room with surround sound, accent lighting, and heated floor. The 2nd floor boasts an open floor plan with an updated kitchen, stainless appliances, gas cook top, granite counters, breakfast island, designer full bath, and opens to a lovely sun deck off the living area. The 2nd bedroom with custom closet is located on the 3rd floor. Plantation shutters throughout finish off the delightful cottage ambiance.

The sellers have never rented this property but have 2 rental licenses and excellent rental potential. Being sold with designer furnishings which means you can be enjoying your new home, the beach & boards this Spring, and it's all just a short stroll to everything Rehoboth Beach has to offer! Restaurants, shopping, the beach & boardwalk, and much more! Hurry, this is a special property that, at approx. 3777 total sq ft, can not be duplicated with today's building requirements! Projected Summer rental income $161,000 plus potential additional shoulder season rental income. Being offered below appraised value!