14 Colonial Ln #15590 · Lewes, DE 19971

$142,000

2 bd · 2.0 ba · 1,152 sqft · Manufactured · 399 Days on market

Built 1974 Good condition $123/sqft · 69% above area ↓ 11% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Condition / age +4.0/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

Key facts

• 2 parking spots
• Community pool
• Built 1974

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $142k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $825 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $142k).
• Recommended offer: $125k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.3% vs local median 1.7% in Lewes — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#40 in DE) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, health & safety A+; Watch: commute F, cost of living F.
• Cape Henlopen School District (town): math 42% / reading 55% proficiency, ranked #5 of 26 in DE (top 19%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 331 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $982 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $40k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 399 days — a 12% lower offer ($125k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $17k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $124,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 399 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.61% ✓
• Cap rate: 13.27%
• Cash-on-cash: 24.90%
• DSCR: 2.11
• GRM: 5.2

CMA / ARV

• ARV (median comp): $84,200
• List price: $142,000
• Delta: 68.65%
• Verdict: OVERPRICED
• Comps: 6 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1 Candlelight Ln #2542	0.18mi	2/1.0	1,100 (-4%)	6mo	$114,000	$104	75

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.4%
• Equity multiple: 1.74×
• Total profit: $29,574
• Equity at exit: $21,173

10-year hold

• IRR: 26.8%
• Equity multiple: 3.35×
• Total profit: $93,560
• Equity at exit: $12,278

Cash invested: $39,760 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 70 Landlord-Friendly
• State Delaware: 70 Landlord-Friendly · D+7
• County: — inherits STATE
• City: — inherits STATE

Court of Common Pleas hears L&T; moderate-paced. No state rent control.

Methodology + full state rankings →

ZIP-level market 19971

• Active inventory: 331
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $2,287 high
• Mortgage (P&I): −$745
• Tax est. 1.5%: −$178 /mo · $2,130/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $825

Break-even live

Break-even rent $1,242

Max offer price $142,000

Occupancy floor 59%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $35,500
• Closing costs: $4,260
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15 Colgate Dr Rehoboth Beach, DE	3.0	2.0	1120	$2,275	$2.03	21d	1	0.47mi
16 Colgate Dr Rehoboth Beach, DE	2.0	2.0	1192	$2,400	$2.01	14d	1	0.50mi
32015 Azure Ave Rehoboth Beach, DE	1.0–3.0	1.0–2.0	1054	$2,095	$1.99	44d	1	0.51mi
300 Pebble Dr #318 Rehoboth Beach, DE	2.0	2.0	940	$1,800	$1.91	21d	1	0.77mi
35948 Haven Dr #201 Rehoboth Beach, DE	2.0	2.0	858	$1,800	$2.10	21d	1	0.84mi
17829 Callaway Dr #37 Lewes, DE	3.0	2.0	1000	$2,000	$2.00	44d	1	0.88mi
36916 Crooked Hammock Way Lewes, DE	2.0–3.0	2.0	1172	$1,990	$1.70	44d	1	1.05mi
107 Strawberry Way Rehoboth Beach, DE	3.0	2.0	1025	$2,750	$2.68	44d	1	1.12mi
18482 Evelynton Rd Lewes, DE	2.0	2.0	1100	$1,650	$1.50	14d	1	1.37mi
10150 Rockland St Lewes, DE	1.0–3.0	1.5–2.5	1217	$3,375	$2.77	44d	1	1.39mi

Listing history 31 events

1. 2026-06-18
   days on market $142,000 Active 399 DOM
2. 2026-06-17
   days on market $142,000 Active 398 DOM
3. 2026-06-16
   days on market $142,000 Active 397 DOM
4. 2026-06-15
   days on market $142,000 Active 396 DOM
5. 2026-06-14
   days on market $142,000 Active 394 DOM
6. 2026-06-13
   days on market $142,000 Active 393 DOM
7. 2026-06-10
   days on market $142,000 Active 391 DOM
8. 2026-06-09
   days on market $142,000 Active 390 DOM
9. 2026-06-08
   days on market $142,000 Active 389 DOM
10. 2026-06-07
    days on market $142,000 Active 388 DOM
11. 2026-06-05
    days on market $142,000 Active 385 DOM
12. 2026-06-03
    days on market $142,000 Active 384 DOM
13. 2026-06-02
    days on market $142,000 Active 383 DOM
14. 2026-06-01
    days on market $142,000 Active 382 DOM
15. 2026-05-31
    days on market $142,000 Active 381 DOM
16. 2026-05-30
    days on market $142,000 Active 380 DOM
17. 2026-04-23
    price $142,000 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

18. 2026-03-21
    price $142,500 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

19. 2026-01-03
    price $144,000 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

20. 2026-01-03
    status Active 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

21. 2025-12-31
    historical 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

22. 2025-11-14
    status Active 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

23. 2025-11-01
    historical Active Under Contract 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

24. 2025-09-18
    price $145,000 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

25. 2025-08-25
    price $155,000 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

26. 2025-08-12
    price $157,000 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

27. 2025-05-31
    price $158,000 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

28. 2025-04-30
    status Active 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

29. 2025-04-18
    historical 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

30. 2025-04-18
    listed $159,000 Active 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

31. 2025-03-03
    historical $159,000 1475-char remark

    Show marketing remark (1475 chars)

    Welcome to your new Coastal Retreat located in the amenity rich community of Colonial East. Seller is offering to pay your first 2 months ground rent for an acceptable offer ratified on or before May 31, 2026. With this location east of route 1, it is the perfect home for you, whether you are looking for a second home beach retreat, or a full time residence. The home has been completely renovated recently with new roof, new HVAC, new windows, new decks (front and rear), new kitchen, new bathrooms, new drywall wall throughout the home, new flooring, and freshly painted too. The home features an open floor plan with 2 bedrooms, and 2 bathrooms. The kitchen renovation features new white shaker cabinets, gorgeous quartz counters, beautiful tile backsplash, and new stainless appliances. The spacious owners suite provides a tranquil spa-like feel with a gorgeous new bathroom, white shaker vanity, quartz counters, modern lighting and beautiful new tiled master walk-in shower. The home is located in an amenity rich community with a club house, community pool, dog park, gazebo, picnic area, playground, and RV and Boat storage options too. The location is great, providing a walking lifestyle to restaurants, shopping and more like surf bagel, 1776, Panera Bread, Midway Movie theater, and Midway Water Park to name a few. Home is also just a short drive to downtown Rehoboth beach, boardwalk, outlets, and more. Don't wait to call to schedule your tour, call today!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥101°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,439
• − Mortgage interest: −$7,954
• − Property taxes: −$2,130
• − Insurance: −$710
• − Repairs & maintenance: −$2,195
• − Management: −$2,195
• − Depreciation: −$4,131
• Taxable income: $8,124
• Est. tax owed @ 24.0%: −$1,950
• After-tax cash flow: $7,951/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 1 photo

Good 80/100 Cosmetic rehab

This recently renovated manufactured home in Rehoboth Beach, DE, offers a good condition with new updates throughout, making it a move-in-ready property with excellent potential for both resale and rental value.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and adds value.
• Both Add a smart home system — Improves convenience and adds modern appeal.
• Both Install smart locks — Enhances security and adds modern appeal.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and adds value. ↑
• Both Add a smart home system — Improves convenience and adds modern appeal. ↑
• Both Install smart locks — Enhances security and adds modern appeal. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Cape Henlopen School District
• NCES district ID: 1000170
• Math proficiency: 42% ▼ -14.00%
• Reading proficiency: 55% ▼ -10.00%
• Median HH income: $60,196
• Composite: 42.47/100
• National rank: #3214
• State rank: #5 of 26 in DE

Livability — Lewes

• Score: 67/100
• State rank: #40
• US rank: #11077

Category grades

Amenities B- Commute F Cost of living F Crime A+ Employment A+ Housing C+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sussex County · 82,708 people
• City population: 31,938
• Metro: Salisbury, MD-DE
• Population (ZIP): 14,886
• Household income: $102,146
• Rent vs Own: 13.2% rent · 86.8% own
• Severe rent burden: 317.0

Population outlook (Sussex County) Hauer SSP2

• Today (2025): 248,853 people
• By 2030: 264,464 · +6.3%
• By 2040: 290,980 · +16.9%
• By 2050: 311,259 · +25.1%
• By 2075: 352,488 · +41.6%
• By 2100: 367,406 · +47.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 4% Two or more races 4% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 5% Slovak 3% Italian 3%
• Foreign-born: 6% · Canada, China
• Languages at home: 95% English-only · Spanish 2% Russian/Polish/Slavic 1% French/Haitian/Cajun 1%

Political lean MEDSL · Sussex

• 2024 margin: R (+11.0) · D 43.9% · R 54.9% · Other 1.2%
• 2008→2024 swing: -2.4pp toward R · 2008: -8.6pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+11.2 2016: R+22.0 2012: R+13.0 2008: R+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -220.39%
• Current HPI: 353.3977
• Rent YoY: —
• Metro: Salisbury, MD-DE
• State GDP YoY: —
• F500 in state: 0

Price history

-10.7% since first listed

15 events — show timeline

• 2026-04-23 Price Changed $142,000 BRIGHT MLS
• 2026-03-21 Price Changed $142,500 BRIGHT MLS
• 2026-01-03 Price Changed $144,000 BRIGHT MLS
• 2026-01-03 Relisted — BRIGHT MLS
• 2025-12-31 Listing Removed — BRIGHT MLS
• 2025-11-14 Relisted — BRIGHT MLS
• 2025-11-01 Contingent — BRIGHT MLS
• 2025-09-18 Price Changed $145,000 BRIGHT MLS
• 2025-08-25 Price Changed $155,000 BRIGHT MLS
• 2025-08-12 Price Changed $157,000 BRIGHT MLS
• 2025-05-31 Price Changed $158,000 BRIGHT MLS
• 2025-04-30 Relisted — BRIGHT MLS
• 2025-04-18 Listing Removed — BRIGHT MLS
• 2025-04-18 Listed $159,000 BRIGHT MLS
• 2025-03-03 Coming Soon $159,000 BRIGHT MLS